XML 72 R53.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Asset-Backed Securities Issued (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Asset-Backed Securities Issued | Table 15.1 – Asset-Backed Securities Issued
|  | December 31, 2023
(Dollars in Thousands) |  | Legacy Sequoia |  | Sequoia |  | CAFL (1) |  | Freddie Mac SLST (2) |  | Freddie Mac K-Series |  | HEI |  | Total
Certificates with principal balance |  | $ | 151,106 |  |  | $ | 5,000,540 |  |  | $ | 3,472,825 |  |  | $ | 1,328,657 |  |  | $ | 402,400 |  |  | $ | 233,131 |  |  | $ | 10,588,659 |
Interest-only certificates at fair value |  | 162 |  |  | 52,112 |  |  | 101,828 |  |  | 13,856 |  |  | 4,562 |  |  | — |  |  | 172,520 |
Market valuation adjustments |  | (12,738) |  |  | (622,522) |  |  | (209,740) |  |  | (72,742) |  |  | (14,985) |  |  | (10,643) |  |  | (943,370) |
Unamortized debt discount and deferred debt issuance costs |  | — |  |  | — |  |  | (1,935) |  |  | (3,994) |  |  | — |  |  | — |  |  | (5,929) |
ABS Issued, Net |  | $ | 138,530 |  |  | $ | 4,430,130 |  |  | $ | 3,362,978 |  |  | $ | 1,265,777 |  |  | $ | 391,977 |  |  | $ | 222,488 |  |  | $ | 9,811,880 |
Range of weighted average interest rates, by series(3) |  | 3.59% to 6.66% |  | 2.67% to 6.24% |  | 2.34% to 7.89% |  | 3.50% to 7.5% |  | 3.55 | % |  | 3.86% to 6.70% |  |
Stated maturities(3) |  | 2024-2036 |  | 2047-2053 |  | 2027-2033 |  | 2028-2059 |  | 2025 |  | 2052-2053 |  |
Number of series |  | 20 |  |  | 22 |  |  | 21 |  |  | 3 |  |  | 1 |  |  | 2 |  |  |
|  | December 31, 2022
(Dollars in Thousands) |  | Legacy Sequoia |  | Sequoia |  | CAFL (1) |  | Freddie Mac SLST (2) |  | Freddie Mac K-Series |  | HEI |  | Total
Certificates with principal balance |  | $ | 200,047 |  |  | $ | 3,595,715 |  |  | $ | 3,322,250 |  |  | $ | 1,306,652 |  |  | $ | 410,725 |  |  | $ | 108,962 |  |  | $ | 8,944,351 |
Interest-only certificates at fair value |  | 180 |  |  | 57,871 |  |  | 124,928 |  |  | 15,328 |  |  | 7,379 |  |  | — |  |  | 205,686 |
Market valuation adjustments |  | (16,036) |  |  | (682,477) |  |  | (323,995) |  |  | (99,072) |  |  | (25,319) |  |  | (8,252) |  |  | (1,155,151) |
Unamortized debt discount and deferred debt issuance costs |  | — |  |  | — |  |  | (7,376) |  |  | (758) |  |  | — |  |  | — |  |  | (8,134) |
ABS Issued, Net |  | $ | 184,191 |  |  | $ | 2,971,109 |  |  | $ | 3,115,807 |  |  | $ | 1,222,150 |  |  | $ | 392,785 |  |  | $ | 100,710 |  |  | $ | 7,986,752 |
Range of weighted average interest rates, by series(3) |  | 2.69% to 5.19% |  | 2.57% to 6.13% |  | 2.34% to 5.92% |  | 3.50% to 4.75% |  | 3.41% |  | 3.78 | % |  |
Stated maturities(3) |  | 2024 - 2036 |  | 2047-2052 |  | 2027-2032 |  | 2028-2059 |  | 2025 |  | 2052 |  |
Number of series |  | 20 |  |  | 17 |  |  | 19 |  |  | 3 |  |  | 1 |  |  | 1 |  |  |
(1)Includes $485 million (principal balance) of ABS issued by two CAFL bridge securitization trusts sponsored by Redwood and accounted for at amortized cost at December 31, 2023 and 2022, respectively. (2)Includes $182 million and $86 million (principal balance) of ABS issued by re-securitization trusts sponsored by Redwood and accounted for at amortized cost at December 31, 2023 and 2022. (3)Certain ABS issued by CAFL and HEI securitization entities are subject to early redemption and interest rate step-ups as described below.
Schedule of Interest Payable on Asset-Backed Securities Issued | The following table summarizes the accrued interest payable on ABS issued at December 31, 2023 and 2022. Interest due on consolidated ABS issued is payable monthly. Table 15.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands) |  | December 31, 2023 |  | December 31, 2022
Legacy Sequoia |  | $ | 303 |  |  | $ | 282 |
Sequoia |  | 15,990 |  |  | 8,880 |
CAFL |  | 11,537 |  |  | 10,918 |
Freddie Mac SLST (1) |  | 4,496 |  |  | 3,561 |
Freddie Mac K-Series |  | 1,190 |  |  | 1,167 |
Total Accrued Interest Payable on ABS Issued |  | $ | 33,516 |  |  | $ | 24,808 |
(1)Includes accrued interest payable on ABS issued by a re-securitization trust sponsored by Redwood.

X
- Definition 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. + References No definition available. + Details
Name: | rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock
Namespace Prefix: | rwt_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Interest Payable On Asset-Backed Securities Issued [Table Text Block] + References No definition available. + Details
Name: | rwt_ScheduleOfInterestPayableOnAssetBackedSecuritiesIssuedTableTextBlock
Namespace Prefix: | rwt_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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