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Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)
$ in Thousands
Sep. 30, 2019
USD ($)
series
Dec. 31, 2018
USD ($)
series
Debt Instrument [Line Items]    
Total FHLBC Borrowings [1] $ 2,953,722 $ 2,572,158
Asset-backed securities issued    
Debt Instrument [Line Items]    
Market valuation adjustments 249,071 (58,290)
Total FHLBC Borrowings 8,346,051 5,410,073
Asset-backed securities issued | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates 7,847,387 5,309,564
Asset-backed securities issued | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates 249,593 158,799
Asset-backed securities issued | Legacy Sequoia    
Debt Instrument [Line Items]    
Market valuation adjustments (19,389) (29,753)
Total FHLBC Borrowings $ 419,890 $ 512,240
Number of series | series 20 20
Asset-backed securities issued | Legacy Sequoia | Minimum    
Debt Instrument [Line Items]    
Range of weighted average interest rates, by series 2.22% 1.36%
Asset-backed securities issued | Legacy Sequoia | Maximum    
Debt Instrument [Line Items]    
Range of weighted average interest rates, by series 3.49% 3.60%
Asset-backed securities issued | Legacy Sequoia | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates $ 437,793 $ 540,456
Asset-backed securities issued | Legacy Sequoia | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates 1,486 1,537
Asset-backed securities issued | Sequoia Choice    
Debt Instrument [Line Items]    
Market valuation adjustments 59,013 20,590
Total FHLBC Borrowings $ 2,361,111 $ 1,885,010
Number of series | series 9 6
Asset-backed securities issued | Sequoia Choice | Minimum    
Debt Instrument [Line Items]    
Range of weighted average interest rates, by series 4.41% 4.46%
Asset-backed securities issued | Sequoia Choice | Maximum    
Debt Instrument [Line Items]    
Range of weighted average interest rates, by series 5.06% 4.97%
Asset-backed securities issued | Sequoia Choice | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates $ 2,285,479 $ 1,838,758
Asset-backed securities issued | Sequoia Choice | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates 16,619 25,662
Asset-backed securities issued | Freddie Mac SLST    
Debt Instrument [Line Items]    
Market valuation adjustments 73,609 89
Total FHLBC Borrowings $ 1,987,473 $ 993,748
Range of weighted average interest rates, by series 3.50% 3.51%
Number of series | series 2 1
Asset-backed securities issued | Freddie Mac SLST | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates $ 1,885,106 $ 993,659
Asset-backed securities issued | Freddie Mac SLST | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates 28,758 0
Asset-backed securities issued | Freddie Mac K-Series    
Debt Instrument [Line Items]    
Market valuation adjustments 135,838 (49,216)
Total FHLBC Borrowings $ 3,577,577 $ 2,019,075
Number of series | series 4 3
Asset-backed securities issued | Freddie Mac K-Series | Minimum    
Debt Instrument [Line Items]    
Range of weighted average interest rates, by series 3.39% 3.39%
Asset-backed securities issued | Freddie Mac K-Series | Maximum    
Debt Instrument [Line Items]    
Range of weighted average interest rates, by series 4.20% 4.08%
Asset-backed securities issued | Freddie Mac K-Series | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates $ 3,239,009 $ 1,936,691
Asset-backed securities issued | Freddie Mac K-Series | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates $ 202,730 $ 131,600
[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 September 30, 2019 and December 31, 2018, assets of consolidated VIEs totaled $9,596,537 and $6,331,191, respectively. At September 30, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $8,582,595 and $5,709,807, respectively. See Note 4 for further discussion.