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Business Purpose Residential Loans (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
loan
Dec. 31, 2019
USD ($)
loan
Jun. 30, 2020
USD ($)
loan
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
loan
Jun. 30, 2019
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Proceeds from sales of held-for-sale loans         $ 3,126,860,000 $ 2,123,794,000
Purchases of held-for-sale loans         $ 2,720,245,000 2,534,886,000
Number of loans transferred | loan         3  
Transfer to REO         $ 9,645,000 5,098,000
Commitment To Fund Residential Bridge Loan            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Commitment to fund loan $ 167,000,000   $ 167,000,000   167,000,000  
Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Number of loans | loan 199 308        
Loan principal $ 380,000,000 $ 553,000,000 380,000,000   380,000,000  
Loans, at fair value   $ 569,000,000        
Purchases of held-for-sale loans     176,000,000   436,000,000  
Gain (loss) on investments     $ 3,000,000 $ 1,000,000 $ (9,000,000) 2,000,000
Weighted average coupon rate 4.82%   4.82%   4.82%  
Contract maturities         8 years  
Weighted average original loan-to-value (LTV) 67.00%   67.00%   67.00%  
Weighted-average debt service coverage ratio         1.35  
Number of loans in foreclosure | loan 3 1 3   3  
Fair value of loans, in foreclosure $ 3,000,000 $ 100,000 $ 3,000,000   $ 3,000,000  
Residential Bridge, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value $ 0 $ 0 0   0  
Residential Bridge, Held-for-investment at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Number of loans | loan 2,847 2,653        
Loan principal $ 803,000,000 $ 743,000,000 803,000,000   803,000,000  
Loans, at fair value $ 787,367,000 745,006,000 787,367,000   787,367,000  
Purchases of held-for-sale loans     54,000,000   260,000,000  
Gain (loss) on investments     $ 22,000,000 (300,000) $ (17,000,000) (600,000)
Weighted average coupon rate 7.96%   7.96%   7.96%  
Weighted average original loan-to-value (LTV) 69.00%   69.00%   69.00%  
Balance of loans 90 days or more delinquent $ 30,000,000 $ 12,000,000 $ 30,000,000   $ 30,000,000  
Number of loans in foreclosure | loan 9 31 9   9  
Fair value of loans, in foreclosure $ 35,000,000 $ 14,000,000 $ 35,000,000   $ 35,000,000  
Transfer to REO         $ 2,000,000  
Weighted average original FICO score 720   720   720  
Residential Bridge, Held-for-investment at fair value | Minimum            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Contract maturities         6 months  
Residential Bridge, Held-for-investment at fair value | Maximum            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Contract maturities         24 months  
Residential bridge loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Proceeds from loan originations to third parties     $ 2,000,000      
Loans, at fair value $ 787,367,000 745,006,000 787,367,000   $ 787,367,000  
Held-for-sale at fair value, Total            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 379,795,000 331,565,000 379,795,000   379,795,000  
Held-for-investment at fair value, Total            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 3,402,405,000 3,175,178,000 3,402,405,000   3,402,405,000  
Business purpose residential loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Proceeds from loan originations     234,000,000      
Market valuations gains (losses), net     (3,000,000)      
Fee income     2,000,000   11,000,000  
Loans, at fair value $ 3,782,200,000 $ 3,506,743,000 3,782,200,000   3,782,200,000  
Business Purpose Mortgage Banking Activities            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Market valuations gains (losses), net     (1,260,000) $ 1,012,000 (5,194,000) $ 1,098,000
Business Purpose Mortgage Banking Activities | Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Gain (loss) on investments     1,000,000   12,000,000  
Business Purpose Investment Fair Value Change | Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Gain (loss) on investments     $ 2,000,000   $ 21,000,000  
Financing Receivables, Equal to Greater than 90 Days Past Due | Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Number of loans past due | loan 2 2 2   2  
Aggregate unpaid principal balance $ 2,000,000 $ 2,000,000 $ 2,000,000   $ 2,000,000  
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Bridge, Held-for-investment at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Number of loans past due | loan 13 15 13   13  
Aggregate unpaid principal balance $ 32,000,000 $ 9,000,000 $ 32,000,000   $ 32,000,000  
Balance of loans 90 days or more delinquent 28,000,000 7,000,000 28,000,000   28,000,000  
Redwood | Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 379,795,000 331,565,000 379,795,000   379,795,000  
Redwood | Single-family rental loans held-for-investment            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 0 237,620,000 0   0  
Redwood | Single family rental loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 379,795,000 569,185,000 379,795,000   379,795,000  
CoreVest | Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 0 0 0   0  
CoreVest | Single-family rental loans held-for-investment            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value 2,615,038,000 2,192,552,000 2,615,038,000   2,615,038,000  
CoreVest | Single family rental loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans, at fair value $ 2,615,038,000 $ 2,192,552,000 $ 2,615,038,000   2,615,038,000  
CAFL | Single-Family Rental, Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Proceeds from sales of held-for-sale loans         26,000,000  
Purchases of held-for-sale loans         $ 599,000,000  
Number of securitization entities to which asset transferred (in entities) | loan 2   2   2  
CAFL | Single-family rental loans held-for-investment            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Number of loans | loan 967 783        
Loan principal $ 2,580,000,000 $ 2,080,000,000.00 $ 2,580,000,000   $ 2,580,000,000  
Loans, at fair value $ 2,620,000,000 $ 2,190,000,000 2,620,000,000   2,620,000,000  
Gain (loss) on investments     $ 169,000,000   $ (103,000,000)  
Weighted average coupon rate 5.52%   5.52%   5.52%  
Contract maturities         6 years  
Weighted average original loan-to-value (LTV) 69.00%   69.00%   69.00%  
Weighted-average debt service coverage ratio         1.37  
Number of loans in foreclosure | loan 8 5 8   8  
Fair value of loans, in foreclosure $ 14,000,000 $ 9,000,000 $ 14,000,000   $ 14,000,000  
Loans maturity one         5 years  
Loans maturity two         7 years  
Loans maturity three         10 years  
CAFL | Single family rental loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Proceeds from sales of held-for-sale loans     $ 0      
CAFL | Financing Receivables, Equal to Greater than 90 Days Past Due | Single-family rental loans held-for-investment            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Number of loans past due | loan 19 18 19   19  
Aggregate unpaid principal balance $ 29,000,000 $ 29,000,000 $ 29,000,000   $ 29,000,000