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Mortgage Servicing Rights - Activity for Residential First-Lien Mortgage Servicing Rights (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Servicing Asset at Fair Value, Amount [Roll Forward]        
Balance at beginning of period [1]     $ 139,293  
Additions     36,834 $ 11,976
Changes in fair value due to:        
Balance at End of Period [1] $ 168,462   168,462  
Mortgage servicing rights        
Servicing Asset at Fair Value, Amount [Roll Forward]        
Balance at beginning of period 120,324 $ 64,971 139,293 64,824
Additions 32,463 11,807 51,217 14,666
Sales 0 0 (18,206) 0
Changes in fair value due to:        
Changes in assumptions 19,168 (3,553) 5,132 (4,678)
Other changes (3,493) (2,000) (8,974) (3,587)
Balance at End of Period $ 168,462 $ 71,225 $ 168,462 $ 71,225
[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.