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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>2</UnitID><Label>Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments</Label></Row></Rows><Footnotes><Footnote><NoteId>1</NoteId><Note>Interest rate agreements, TBAs, and futures are components of derivatives instruments on our consolidated balances sheets. Loan warehouse debt, which is secured by residential mortgage loans, and security repurchase agreements are components of short-term debt on our consolidated balance sheets. Commercial borrowings are a component of long-term debt on our consolidated balance sheet.</Note></Footnote><Footnote><NoteId>2</NoteId><Note>Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.</Note></Footnote></Footnotes><IsEquityReport>false</IsEquityReport><ReportName>Offsetting of Financial Assets, Liabilities, and Collateral (Detail) (USD $)</ReportName><MonetaryRoundingLevel>Thousands</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>true</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI>http://www.redwoodtrust.com/taxonomy/role/DisclosureOffsettingOfFinancialAssetsLiabilitiesAndCollateral</RoleURI><NumberOfCols>2</NumberOfCols><NumberOfRows>68</NumberOfRows></InstanceReport>
