Consolidated Statements Of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Interest Income
Residential loans	$ 18,845		$ 21,243		$ 36,469		$ 44,622
Commercial loans	9,623		5,534		19,794		10,881
Real estate securities	29,114		32,732		54,831		62,726
Cash and cash equivalents	137		14		149		35
Total interest income	57,719		59,523		111,243		118,264
Interest Expense
Short-term debt	(4,686)		(2,299)		(8,494)		(4,126)
Asset-backed securities issued	(10,297)		(24,203)		(21,309)		(50,655)
Long-term debt	(6,480)		(2,379)		(10,014)		(4,755)
Total interest expense	(21,463)		(28,881)		(39,817)		(59,536)
Net Interest Income	36,256		30,642		71,426		58,728
Reversal of provision for loan losses	3,272		1,340		1,233		1,065
Other market valuation adjustments	(4,616)		217		(4,895)		(708)
Other-than-temporary impairments	(1,642)	[1]	(303)	[1]	(1,666)	[1]	(635)	[1]
Other market valuation adjustments, net	(6,258)		(86)		(6,561)		(1,343)
Net Interest Income After Provision and Other Market Valuation Adjustments	33,270		31,896		66,098		58,450
Mortgage Banking Activities, Net	58,531		(3,607)		104,552		1,324
Operating expenses	(23,644)		(15,165)		(43,241)		(29,799)
Realized gains, net	556		6,995		12,823		20,615
Net income before provision for income taxes	68,713		20,119		140,232		50,590
Provision for income taxes	(3,140)		(592)		(14,049)		(600)
Net Income Attributable to Redwood Trust, Inc.	$ 65,573		$ 19,527		$ 126,183		$ 49,990
Basic earnings per common share	$ 0.78		$ 0.24		$ 1.50		$ 0.62
Diluted earnings per common share	$ 0.71		$ 0.24		$ 1.40		$ 0.61
Regular dividends declared per common share	$ 0.28		$ 0.25		$ 0.56		$ 0.50
Basic weighted average shares outstanding	82,123,823		78,815,313		81,729,014		78,606,336
Diluted weighted average shares outstanding	96,171,713		78,815,313		91,647,400		79,965,406

[1] For the three months ended June 30, 2013, other-than-temporary impairments were $1,642, none of which were recognized in Accumulated Other Comprehensive Income. For the three months ended June 30, 2012, other-than-temporary impairments were $411, of which $108 were recognized in Accumulated Other Comprehensive Income. For the six months ended June 30, 2013, other-than-temporary impairments were $1,666, none of which were recognized in Accumulated Other Comprehensive Income. For the six months ended June 30, 2012, other-than-temporary impairments were $892, of which $257 were recognized in Accumulated Other Comprehensive Income.