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Commercial Loans - Additional Information (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Jun. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Dec. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2016
USD ($)
loan
Dec. 31, 2015
USD ($)
loan
Dec. 31, 2014
USD ($)
Commercial Loans [Line Items]                  
Transfers from loans held-for-investment to loans held-for-sale             $ 359,005,000 $ 154,012,000 $ 0
Senior commercial loans, held for sale             4,953,619,000 11,045,813,000 9,917,943,000
Sale of loan for third party, held for sale             4,192,671,000 9,761,010,000 8,126,249,000
Investment fair value changes, net             (28,574,000) (21,357,000) $ (10,202,000)
Yield maintenance fees received   $ 1,000,000 $ 1,000,000 $ 5,000,000 $ 2,000,000 $ 2,000,000 2,000,000    
Commercial Loans Held-for-Investment, at Amortized Cost                  
Commercial Loans [Line Items]                  
Commercial loans financed through Commercial Securitization entity   0     166,000,000   0 166,000,000  
Loan pledged as collateral   0     135,000,000   $ 0 $ 135,000,000  
Number of loans | loan             0 59  
Carrying value   0     295,849,000   $ 0 $ 295,849,000  
Yield maintenance fees received             5,000,000 4,000,000  
Senior commercial loans, held for Investment             0 22,000,000  
Repayments received             70,000,000 57,000,000  
Commercial loans, held-for-investment                  
Commercial Loans [Line Items]                  
Transferred commercial mezzanine loans, unpaid principal balance $ 67,000,000                
Transfers from loans held-for-investment to loans held-for-sale 70,000,000                
Carrying value [1]   0     363,506,000   0 $ 363,506,000  
Commercial Loans Held For Sale                  
Commercial Loans [Line Items]                  
Number of loans | loan               4  
Carrying value [1]   2,700,000     39,141,000   2,700,000 $ 39,141,000  
Principal value         $ 39,000,000     39,000,000  
Senior commercial loans, held for sale             38,000,000 618,000,000  
Sale of loan for third party, held for sale             76,000,000 741,000,000  
Valuation adjustments             $ 400,000 $ 10,000,000  
Commercial Loans At Lower Of Cost Or Market                  
Commercial Loans [Line Items]                  
Transferred commercial mezzanine loans, unpaid principal balance 237,000,000                
Transfers from loans held-for-investment to loans held-for-sale 233,000,000                
Number of loans | loan             1    
Carrying value   3,000,000         $ 3,000,000    
Principal value   3,000,000         3,000,000    
Valuation adjustments $ 4,000,000                
Loans, at lower of cost or fair value   3,000,000         3,000,000    
Net purchase discount   4,000,000         4,000,000    
Principal balance of loans sold during period     218,000,000            
Realized gains, net   1,000,000 5,000,000            
Investment fair value changes, net     $ (300,000)            
Yield maintenance fees received             16,000,000    
Commercial Loans At Lower Of Cost Or Market | Fair Value                  
Commercial Loans [Line Items]                  
Loans, at lower of cost or fair value   $ 3,000,000         $ 3,000,000    
[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 Redwood Trust, Inc. or its affiliates. At December 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $798,317 and $1,195,574, respectively. At December 31, 2016 and December 31, 2015, liabilities of consolidated VIEs totaled $773,980 and $1,050,861, respectively. See Note 4 for further discussion.