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Commercial Loans - Additional Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
loan
Contract
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
loan
Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Aggregate fair value $ 551,331   $ 551,331   $ 566,927
Senior commercial loans, held for sale     5,656,836 $ 3,118,457  
Sale of loan for third party, held for sale     $ 5,366,705 2,339,023  
Commercial Loans Held For Sale          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of loans | loan     11   13
Principal balance 165,000   $ 165,000   $ 163,000
Aggregate fair value [1] 165,853   165,853   $ 166,234
Sale of loan for third party, held for sale 146,000   348,000    
Valuation adjustments 1,000 $ 6,000 7,000 $ 9,000  
Loan pledged as collateral 60,000   $ 60,000    
Commercial Loans Held-for-Investment, at Fair Value          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of loans | Contract     3   3
Principal balance 67,000   $ 67,000   $ 68,000
Aggregate fair value 69,763   $ 69,763   $ 71,262
Commercial Loans Held-for-Investment, at Amortized Cost          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of loans | Contract     60   60
Aggregate fair value 315,715   $ 315,715   $ 329,431
Acquired amount of loans held for investment 2,000   9,000    
Recorded investment in loans $ 323,116   $ 323,116   336,888
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2015          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Percentage of loan portfolio originated in year 3.00%   3.00%    
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2014          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Percentage of loan portfolio originated in year 18.00%   18.00%    
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2013          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Percentage of loan portfolio originated in year 15.00%   15.00%    
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2012          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Percentage of loan portfolio originated in year 36.00%   36.00%    
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2011          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Percentage of loan portfolio originated in year 24.00%   24.00%    
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2010          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Percentage of loan portfolio originated in year 4.00%   4.00%    
Commercial Loans Held For Investment          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Aggregate fair value [1] $ 385,478   $ 385,478   400,693
Commercial Loans Held-for-Investment, at Fair Value, B-Notes          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Aggregate fair value 5,000   5,000   $ 5,000
Commercial Loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Senior commercial loans, held for sale $ 258,000   $ 350,000    
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to the primary beneficiary (Redwood Trust, Inc.). At June 30, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,622,636 and $1,900,208, respectively, and liabilities of consolidated VIEs totaled $1,263,249 and $1,546,490, respectively. See Note 4 for further discussion.