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Commitments and Contingencies - Additional Information (Details)
3 Months Ended 12 Months Ended 48 Months Ended
Mar. 31, 2020
USD ($)
lease
Mar. 31, 2020
USD ($)
loan
repurchase_request
certificate
lease
Mar. 31, 2019
USD ($)
loan
repurchase_request
Dec. 31, 2018
partnership
Dec. 31, 2007
certificate
Dec. 31, 2004
certificate
Dec. 31, 2007
certificate
Dec. 31, 2019
USD ($)
Mar. 01, 2019
USD ($)
May 31, 2018
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loss Contingencies [Line Items]                        
Lessee, number of leases | lease 7 7                    
Present value of remaining lease payments $ 21,873,000 $ 21,873,000                    
Operating lease expense   $ 1,000,000 $ 1,000,000                  
Lessee, Operating Lease, Number of New Leases | lease   3                    
Lease liability 18,072,000 $ 18,072,000           $ 13,443,000        
Right-of-use asset $ 16,375,000 $ 16,375,000           11,866,000        
Weighted average remaining lease term 8 years 8 years                    
Discount rate 4.90% 4.90%                    
Derivative liabilities [1] $ 114,614,000 $ 114,614,000           163,424,000        
Number of partnerships, committed to fund | partnership       2                
Commitment to fund partnership 90,000,000                      
Contingent consideration 14,819,000 14,819,000           28,484,000        
Other income related to risk sharing agreement   765,000 $ 646,000                  
Guarantee obligations 13,395,000 13,395,000           14,009,000        
Guarantee obligations, credit reserve 5,000,000 5,000,000                    
Special purpose entities assets 47,000,000 47,000,000           48,000,000        
Special purpose entities liabilities 13,000,000 13,000,000           14,000,000        
Residential repurchase reserve 4,460,000 $ 4,460,000           4,268,000        
Number of residential repurchase requests (in repurchase requests) | repurchase_request   3 4                  
Number of loans repurchased | loan   0 0                  
Residential loans repurchase provision (reversal)   $ (200,000) $ (100,000)                  
Damages sought   2,000,000                    
Aggregate amount of loss contingency reserves               2,000,000        
Minimum                        
Loss Contingencies [Line Items]                        
Reasonably possible losses estimated 0 0                    
Maximum                        
Loss Contingencies [Line Items]                        
Reasonably possible losses estimated 10,000,000 $ 10,000,000                    
Morgan Stanley And Company                        
Loss Contingencies [Line Items]                        
Number of mortgage pass-through certificates issued (in certificates) | certificate   28                    
Sequoia Residential Funding                        
Loss Contingencies [Line Items]                        
Number of mortgage pass-through certificates issued (in certificates) | certificate         2 2 4          
Residential Loans                        
Loss Contingencies [Line Items]                        
Loan principal 2,370,000,000 $ 2,370,000,000           $ 525,000,000        
Loans held-for-investment, in foreclosure 400,000 400,000                    
Other income                        
Loss Contingencies [Line Items]                        
Other income related to risk sharing agreement   1,000,000 1,000,000                  
Mortgage banking and investment activities                        
Loss Contingencies [Line Items]                        
Market valuation losses related to these investments   (500,000) $ (100,000)                  
Guarantee Obligations                        
Loss Contingencies [Line Items]                        
Original unpaid balance of loans subject to risk sharing agreements                     $ 3,190,000,000 $ 3,190,000,000
Potential future payments on loans 44,000,000 44,000,000                    
Loan principal $ 1,470,000,000 $ 1,470,000,000                    
Weighted average original FICO score 759 759                    
Weighted average original loan-to-value (LTV) 76.00% 76.00%                    
Guarantee Obligations | Residential Loans                        
Loss Contingencies [Line Items]                        
Loans held-for-investment, in foreclosure $ 1,000,000 $ 1,000,000                    
Guarantee Obligations | Financing Receivables, Equal to Greater than 90 Days Past Due                        
Loss Contingencies [Line Items]                        
Balance of loans 90 days or more delinquent 6,000,000 6,000,000                    
Financial Guarantee                        
Loss Contingencies [Line Items]                        
Commitment to fund partnership 24,000,000                      
Guarantor obligations, current carrying value 100,000 100,000                    
Guarantor obligations, maximum exposure, undiscounted 135,000,000 135,000,000                    
Commitment To Fund Residential Bridge Loan                        
Loss Contingencies [Line Items]                        
Commitments to fund temporary advances 223,000,000 223,000,000                    
Derivative liabilities 4,000,000 4,000,000                    
Commitment To Fund Temporary Advances On Residential Bridge Loans                        
Loss Contingencies [Line Items]                        
Commitments to fund temporary advances 44,000,000 44,000,000                    
5 Arches                        
Loss Contingencies [Line Items]                        
Contingent consideration maximum amount                   $ 29,000,000    
Cash payment for contingent consideration liability   11,000,000                    
Restricted stock awards   3,000,000                    
Contingent consideration 15,000,000 15,000,000             $ 25,000,000      
Shared home appreciation options                        
Loss Contingencies [Line Items]                        
Payments to acquire investments 47,000,000                      
Shared home appreciation options | Commitment To Fund Investment                        
Loss Contingencies [Line Items]                        
Commitments to fund temporary advances $ 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 March 31, 2020 and December 31, 2019, assets of consolidated VIEs totaled $7,470,706 and $11,931,869, respectively. At March 31, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $6,759,260 and $10,717,072, respectively. See Note 4 for further discussion.