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v3.23.1

Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Other Income | $ 1,077 | $ 4,303
Total Market Valuation Gains (Losses), Net | 11,270 | (1,859)
Mortgage Banking Activities, Net |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 12,107 | 1,293
Mortgage Banking Activities, Net | Residential loans, held-for-sale, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 6,994 | (27,199)
Mortgage Banking Activities, Net | Residential loan purchase commitments |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (239) | (41,623)
Mortgage Banking Activities, Net | BPL term loans held-for-sale, at fair value |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 12,666 | (24,468)
Mortgage Banking Activities, Net | BPL term loan interest rate lock commitments |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 0 | (725)
Mortgage Banking Activities, Net | BPL bridge loans |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 1,153 | 2,135
Mortgage Banking Activities, Net | Trading securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 0 | 2,786
Mortgage Banking Activities, Net | Risk management derivatives |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (8,467) | 90,387
Investment Fair Value Changes, Net |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (127) | (6,120)
Investment Fair Value Changes, Net | Trading securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 1,961 | (4,242)
Investment Fair Value Changes, Net | Risk management derivatives |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (8,704) | 1,973
Investment Fair Value Changes, Net | Residential loans held-for-investment, at Redwood (called Sequoia loans) |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 183 | (4,252)
Investment Fair Value Changes, Net | Business Purpose loans held-for-investment |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 1,376 | (2,143)
Investment Fair Value Changes, Net | Servicer Advance Investments |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (1,352) | (3,081)
Investment Fair Value Changes, Net | Excess MSRs |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (228) | (1,208)
Investment Fair Value Changes, Net | Legacy Sequoia |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (94) | (714)
Investment Fair Value Changes, Net | Sequoia |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 2,442 | (3,822)
Investment Fair Value Changes, Net | Freddie Mac SLST |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 8,934 | 3,036
Investment Fair Value Changes, Net | Freddie Mac K-Series |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 363 | 264
Investment Fair Value Changes, Net | CAFL |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (8,810) | 4,048
Investment Fair Value Changes, Net | Point Entities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 425 | 3,411
Investment Fair Value Changes, Net | HEIs at Redwood |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | 3,840 | 1,192
Investment Fair Value Changes, Net | Other investments |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (435) | 123
Investment Fair Value Changes, Net | Credit losses on AFS securities, net |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Changes in fair value of assets | (28) | (705)
Other Income |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Other Income | (710) | 2,968
Other Income | MSRs |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Other Income | (590) | 2,968
Other Income | Other |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Other Income | $ (120) | $ 0

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- Definition 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. + References No definition available. + Details
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