2021 Q1 Form 10-Q Financial Statement

#000093023621000019 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $128.3M $198.1M
YoY Change -35.23% 51.16%
Cost Of Revenue $102.6M $146.7M
YoY Change -30.06% 47.73%
Gross Profit $25.80M $51.40M
YoY Change -49.81% 61.64%
Gross Profit Margin 20.11% 25.95%
Selling, General & Admin $36.00M $24.20M
YoY Change 48.76% 22.22%
% of Gross Profit 139.53% 47.08%
Research & Development $2.977M $3.212M
YoY Change -7.32% 75.71%
% of Gross Profit 11.54% 6.25%
Depreciation & Amortization $4.200M $4.700M
YoY Change -10.64% 1466.67%
% of Gross Profit 16.28% 9.14%
Operating Expenses $51.21M $124.1M
YoY Change -58.73% 412.8%
Operating Profit -$25.41M -$72.68M
YoY Change -65.05% -1055.98%
Interest Expense $102.6M $146.7M
YoY Change -30.08% 47.74%
% of Operating Profit
Other Income/Expense, Net $4.096M $91.42M
YoY Change -95.52% 8706.84%
Pretax Income $108.8M -$965.6M
YoY Change -111.27% -1844.68%
Income Tax $11.54M -$22.23M
% Of Pretax Income 10.61%
Net Earnings $97.26M -$943.4M
YoY Change -110.31% -1832.15%
Net Earnings / Revenue 75.8% -476.27%
Basic Earnings Per Share $0.84 -$8.28
Diluted Earnings Per Share $0.72 -$8.28
COMMON SHARES
Basic Shares Outstanding 112.3M shares 114.1M shares
Diluted Shares Outstanding 141.0M shares 114.1M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $790.3M $671.5M
YoY Change 17.7% -61.5%
Cash & Equivalents $426.0M $378.0M
Short-Term Investments $364.3M $293.5M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $519.0M $530.0M
YoY Change -2.08% 46.41%
LONG-TERM ASSETS
Property, Plant & Equipment $5.153M $4.966M
YoY Change 3.77% -3.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $687.0M $740.0M
YoY Change -7.16% -62.19%
Other Assets $96.00M $26.00M
YoY Change 269.23% 73.33%
Total Long-Term Assets $10.38B $11.77B
YoY Change -11.83% -0.51%
TOTAL ASSETS
Total Short-Term Assets $519.0M $530.0M
Total Long-Term Assets $10.38B $11.77B
Total Assets $10.90B $12.30B
YoY Change -11.41% 0.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.71M
YoY Change
Accrued Expenses $177.0M $83.00M
YoY Change 113.25% -1.19%
Deferred Revenue
YoY Change
Short-Term Debt $1.254B $2.342B
YoY Change -46.45% 8.25%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.464B $2.463B
YoY Change -40.56% 9.52%
LONG-TERM LIABILITIES
Long-Term Debt $8.110B $8.916B
YoY Change -9.04% 8.6%
Other Long-Term Liabilities $107.0M $193.0M
YoY Change -44.56% 12.21%
Total Long-Term Liabilities $8.217B $9.109B
YoY Change -9.79% 8.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.464B $2.463B
Total Long-Term Liabilities $8.217B $9.109B
Total Liabilities $9.681B $11.58B
YoY Change -16.36% 8.76%
SHAREHOLDERS EQUITY
Retained Earnings $1.095B $635.7M
YoY Change 72.17% -56.59%
Common Stock $2.283B $2.277B
YoY Change 0.26% 14.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.216B $725.2M
YoY Change
Total Liabilities & Shareholders Equity $10.90B $12.30B
YoY Change -11.41% 0.88%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $97.26M -$943.4M
YoY Change -110.31% -1832.15%
Depreciation, Depletion And Amortization $4.200M $4.700M
YoY Change -10.64% 1466.67%
Cash From Operating Activities -$966.2M -$241.4M
YoY Change 300.23% 16.9%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.601M -$4.328M
YoY Change -39.9% -231.35%
Cash From Investing Activities $582.6M $910.6M
YoY Change -36.02% 547.83%
FINANCING ACTIVITIES
Cash Dividend Paid $18.57M $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $115.0K $2.262M
YoY Change -94.92% -101.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $360.9M -$556.0M
YoY Change -164.91% -828.5%
NET CHANGE
Cash From Operating Activities -$966.2M -$241.4M
Cash From Investing Activities $582.6M $910.6M
Cash From Financing Activities $360.9M -$556.0M
Net Change In Cash -$22.66M $113.2M
YoY Change -120.02% 990.73%
FREE CASH FLOW
Cash From Operating Activities -$966.2M -$241.4M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2021Q1 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
4477000 USD
CY2020Q1 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
19778000 USD
CY2021Q1 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
24849000 USD
CY2020Q1 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
-163442000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4218000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3188000 USD
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
88675000 USD
CY2021Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
119783000 USD
CY2020Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
-912477000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2716000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3852000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2565000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-107740000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
76824000 USD
CY2020Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-54414000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-966164000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-241405000 USD
CY2021Q1 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
133229000 USD
CY2020Q1 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
206634000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
8877000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
0 USD
CY2021Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
649749000 USD
CY2020Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
638508000 USD
CY2021Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
15880000 USD
CY2021Q1 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
2000000 USD
CY2020Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
52259000 USD
CY2021Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
8197000 USD
CY2020Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
121000000 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
25747000 USD
CY2020Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
529494000 USD
CY2021Q1 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
11746000 USD
CY2020Q1 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
11952000 USD
CY2021Q1 rwt Payments For Servicing Advance Investments
PaymentsForServicingAdvanceInvestments
0 USD
CY2020Q1 rwt Payments For Servicing Advance Investments
PaymentsForServicingAdvanceInvestments
158618000 USD
CY2021Q1 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
24804000 USD
CY2020Q1 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
22815000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2601000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4328000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
582612000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
910586000 USD
CY2021Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2724508000 USD
CY2020Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2972646000 USD
CY2021Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1993506000 USD
CY2020Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
2960444000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
147086000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
377164000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
507037000 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
363696000 USD
CY2021Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
164456000 USD
CY2020Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
133961000 USD
CY2021Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
154074000 USD
CY2020Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
633448000 USD
CY2021Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0 USD
CY2020Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
84336000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
115000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2262000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
925000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2632000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
18572000 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1155000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2494000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
360896000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-556029000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22656000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
113152000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
544450000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
290833000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
521794000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
403985000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
99180000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
170884000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
7000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
109000 USD
CY2021Q1 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
7627000 USD
CY2020Q1 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
46560000 USD
CY2021Q1 rwt Consolidation Deconsolidation Of Multifamily Loans Held In Securitizations Trusts
ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts
0 USD
CY2020Q1 rwt Consolidation Deconsolidation Of Multifamily Loans Held In Securitizations Trusts
ConsolidationDeconsolidationOfMultifamilyLoansHeldInSecuritizationsTrusts
-3849779000 USD
CY2021Q1 rwt Consolidation Deconsolidation Of Multifamily Asset Backed Securities
ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities
0 USD
CY2020Q1 rwt Consolidation Deconsolidation Of Multifamily Asset Backed Securities
ConsolidationDeconsolidationOfMultifamilyAssetBackedSecurities
-3706789000 USD
CY2021Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
301298000 USD
CY2020Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
382635000 USD
CY2021Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
CY2020Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1857781000 USD
CY2021Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
14684000 USD
CY2020Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
6363000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5362000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
37800000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
13375000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3375000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
426000000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
96000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
461000000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
83000000 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and our publicly-traded shares. Our consolidated investment portfolio has evolved to incorporate a diverse mix of residential, business purpose and multifamily investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Lending, Business Purpose Lending, and Third-Party Investments.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are not subject to subsidiary-level corporate income tax as “the REIT” or “our REIT.” We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as “our taxable REIT subsidiaries” or “TRS.” </span></div>Redwood was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. On March 1, 2019, Redwood completed the acquisition of 5 Arches, LLC ("5 Arches"), at which time 5 Arches became a wholly-owned subsidiary of Redwood. On October 15, 2019, Redwood acquired CoreVest American Finance Lender, LLC and certain affiliated entities ("CoreVest"), at which time CoreVest became wholly owned by Redwood. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires.
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div>
CY2021Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
4000000 USD
CY2020Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
4000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
11431000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12800000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10091000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7073000 USD
CY2021Q1 rwt Finite Lived Intangible Asset Expected Amortization Year Four And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter
11597000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52992000 USD
CY2021Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
958966000 USD
CY2021Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2021Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
958966000 USD
CY2021Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
950542000 USD
CY2021Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
8424000 USD
CY2021Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
230539000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
230539000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
228467000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
1061000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
1011000 USD
CY2021Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
119783000 USD
CY2020Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
-912477000 USD
CY2021Q1 rwt Real Estate Owned Transferto Real Estate Owned Number Of Loans
RealEstateOwnedTransfertoRealEstateOwnedNumberOfLoans
2 loan
CY2021Q1 us-gaap Trading Securities
TradingSecurities
145390000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
125667000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
218930000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
218458000 USD
CY2021Q1 us-gaap Marketable Securities
MarketableSecurities
364320000 USD
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
344125000 USD
CY2021Q1 us-gaap Trading Securities
TradingSecurities
145390000 USD
CY2020Q4 us-gaap Trading Securities
TradingSecurities
125667000 USD
CY2021Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
225762000 USD
CY2020Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
245855000 USD
CY2021Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
15880000 USD
CY2020Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
56471000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
34743000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
618867000 USD
CY2021Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
21349000 USD
CY2020Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-263325000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
218930000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
218458000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1078000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
31181000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2200000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
46457000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
200000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
3852000 USD
CY2021Q1 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
2000000 USD
CY2021Q1 rwt Debt Securities Available For Sale Principal Balance
DebtSecuritiesAvailableForSalePrincipalBalance
273595000 USD
CY2021Q1 rwt Debt Securities Available For Sale Credit Reserve
DebtSecuritiesAvailableForSaleCreditReserve
44947000 USD
CY2021Q1 rwt Debt Securities Available For Sale Unamortized Discounts Premiums
DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
94188000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
134460000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
84735000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
252000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
13000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
218930000 USD
CY2020Q4 rwt Debt Securities Available For Sale Principal Balance
DebtSecuritiesAvailableForSalePrincipalBalance
283284000 USD
CY2020Q4 rwt Debt Securities Available For Sale Credit Reserve
DebtSecuritiesAvailableForSaleCreditReserve
44967000 USD
CY2020Q4 rwt Debt Securities Available For Sale Unamortized Discounts Premiums
DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
95718000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
142599000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
77294000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1047000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
388000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
218458000 USD
CY2021Q1 rwt Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
93 investment
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
4 investment
CY2021Q1 rwt Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
3 investment
CY2020Q4 rwt Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
96 investment
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
5 investment
CY2020Q4 rwt Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
0 investment
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
300000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
13000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
388000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
-375000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
13000 USD
CY2021Q1 rwt Availableforsale Securities Gross Realized Gain Loss On Sales And Calls
AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls
2608000 USD
CY2020Q1 rwt Availableforsale Securities Gross Realized Gain Loss On Sales And Calls
AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls
3852000 USD
CY2021Q1 us-gaap Other Investments
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322579000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
348175000 USD
CY2021Q1 rwt Number Of Partnerships Consolidated
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2 partnership
CY2021Q1 rwt Commitment To Fund Partnership
CommitmentToFundPartnership
94000000 USD
CY2021Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
192852000 USD
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
217656000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Net
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56746000 USD
CY2021Q1 us-gaap Derivative Notional Amount
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12693885000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
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37166000 USD
CY2020Q4 us-gaap Derivative Notional Amount
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11346407000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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4203000 USD
CY2021Q1 us-gaap Federal Home Loan Bank Stock
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5000000 USD
CY2020Q4 us-gaap Federal Home Loan Bank Stock
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5000000 USD
CY2021Q1 us-gaap Interest Receivable
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40097000 USD
CY2020Q4 us-gaap Interest Receivable
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39445000 USD
CY2021Q1 us-gaap Accrued Investment Income Receivable
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37102000 USD
CY2020Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
43176000 USD
CY2021Q1 us-gaap Margin Deposit Assets
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16283000 USD
CY2020Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
4758000 USD
CY2021Q1 us-gaap Real Estate Acquired Through Foreclosure
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15829000 USD
CY2020Q4 us-gaap Real Estate Acquired Through Foreclosure
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8413000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
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14227000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15012000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
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5153000 USD
CY2021Q1 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
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0 USD
CY2020Q4 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
1177000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous
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8047000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
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9404000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
141738000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
130588000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
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12000000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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7000000 USD
CY2021Q1 rwt Margin Payable
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84306000 USD
CY2020Q4 rwt Margin Payable
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14728000 USD
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
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32167000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
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34858000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
27941000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
24393000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
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17174000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
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5614000 USD
CY2021Q1 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
16222000 USD
CY2020Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
16941000 USD
CY2021Q1 us-gaap Operating Lease Liability
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15885000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16687000 USD
CY2021Q1 us-gaap Accounts Payable Current
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15712000 USD
CY2020Q4 us-gaap Accounts Payable Current
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6455000 USD
CY2021Q1 us-gaap Guaranty Liabilities
GuarantyLiabilities
9238000 USD
CY2020Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
10039000 USD
CY2021Q1 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
8731000 USD
CY2020Q4 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
8631000 USD
CY2021Q1 rwt Bridge Loan Holdback
BridgeLoanHoldback
5443000 USD
CY2020Q4 rwt Bridge Loan Holdback
BridgeLoanHoldback
5708000 USD
CY2021Q1 rwt Accrued Operating Expenses
AccruedOperatingExpenses
4222000 USD
CY2020Q4 rwt Accrued Operating Expenses
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5509000 USD
CY2021Q1 rwt Business Combination Deferred Consideration
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0 USD
CY2020Q4 rwt Business Combination Deferred Consideration
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14579000 USD
CY2021Q1 rwt Other Liabilities Miscellaneous
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7233000 USD
CY2020Q4 rwt Other Liabilities Miscellaneous
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15198000 USD
CY2021Q1 us-gaap Accrued Liabilities Current And Noncurrent
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244274000 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
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179340000 USD
CY2020Q4 us-gaap Real Estate Acquired Through Foreclosure
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8413000 USD
CY2021Q1 us-gaap Real Estate Acquisitions Through Foreclosures
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14683000 USD
CY2021Q1 us-gaap Real Estate Cost Of Real Estate Sold
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6920000 USD
CY2021Q1 us-gaap Principal Investment Gains Losses
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-347000 USD
CY2021Q1 us-gaap Real Estate Acquired Through Foreclosure
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15829000 USD
CY2021Q1 us-gaap Principal Investment Gains Losses
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-300000 USD
CY2021Q1 us-gaap Number Of Real Estate Properties
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26 asset
CY2020Q4 us-gaap Number Of Real Estate Properties
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17 asset
CY2021Q1 us-gaap Short Term Borrowings
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1253882000 USD
CY2020Q4 us-gaap Short Term Borrowings
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522609000 USD
CY2021Q1 rwt Shortterm Debt Pledgedas Collateral
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1450138000 USD
CY2020Q4 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
649106000 USD
CY2021Q1 us-gaap Shortterm Debt Average Outstanding Amount
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988000000 USD
CY2020Q1 us-gaap Shortterm Debt Average Outstanding Amount
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1740000000 USD
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1000000 USD
CY2021Q1 us-gaap Interest Payable Current
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1000000 USD
CY2021Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
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10000000 USD
CY2021Q1 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
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2000000 USD
CY2020Q4 us-gaap Line Of Credit
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CY2021Q1 us-gaap Line Of Credit
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CY2021Q1 us-gaap Short Term Borrowings
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1253882000 USD
CY2021Q1 rwt Lessee Number Of Leases
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7 lease
CY2021Q1 us-gaap Amortization Of Financing Costs
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20711000 USD
CY2020 us-gaap Amortization Of Financing Costs
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21793000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
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1451713000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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13451000 USD
CY2021Q1 us-gaap Long Term Debt
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1438262000 USD
CY2021Q1 us-gaap Debt Instrument Collateral Amount
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1139638000 USD
CY2020Q4 us-gaap Debt Instrument Collateral Amount
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1084929000 USD
CY2021Q1 rwt Interest Payable Noncurrent
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10160000 USD
CY2020Q4 rwt Interest Payable Noncurrent
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12402000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
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19000000 USD
CY2020Q1 us-gaap Operating Lease Cost
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1000000 USD
CY2021Q1 us-gaap Operating Lease Cost
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1000000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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2498000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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3301000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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2813000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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2231000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1983000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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6128000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
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18954000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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3069000 USD
CY2021Q1 us-gaap Operating Lease Liability
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15885000 USD
CY2021Q1 us-gaap Operating Lease Liability
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16000000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
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14000000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.049
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2 partnership
CY2021Q1 us-gaap Guaranty Liabilities
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9000000 USD
CY2021Q1 rwt Guarantee Obligation Credit Reserve
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5000000 USD
CY2020Q4 rwt Special Purpose Entities Assets
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46000000 USD
CY2021Q1 rwt Special Purpose Entities Assets
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46000000 USD
CY2021Q1 rwt Special Purpose Entities Liabilities
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9000000 USD
CY2020Q4 rwt Special Purpose Entities Liabilities
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10000000 USD
CY2020Q4 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
9000000 USD
CY2021Q1 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
9000000 USD
CY2021Q1 rwt Mortgage Loans On Real Estate Repurchase Requests
MortgageLoansOnRealEstateRepurchaseRequests
0 repurchase_request
CY2020Q1 rwt Mortgage Loans On Real Estate Repurchase Requests
MortgageLoansOnRealEstateRepurchaseRequests
3 repurchase_request
CY2020Q1 rwt Mortgage Loans On Real Estate Number Of Loans Repurchased
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0 loan
CY2021Q1 rwt Mortgage Loans On Real Estate Number Of Loans Repurchased
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0 loan
CY2021Q1 rwt Mortgage Loans On Real Estate Repurchase Provision
MortgageLoansOnRealEstateRepurchaseProvision
100000 USD
CY2020Q1 rwt Mortgage Loans On Real Estate Repurchase Provision
MortgageLoansOnRealEstateRepurchaseProvision
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CY2021Q1 us-gaap Litigation Reserve
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CY2021Q1 us-gaap Net Income Loss
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CY2020Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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3294000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1209000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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93963000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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112276842 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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114076568 shares
CY2021Q1 us-gaap Earnings Per Share Basic
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0.84
CY2020Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Net Income Loss
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97257000 USD
CY2020Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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2951000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1209000 USD
CY2021Q1 rwt Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax
InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax
7007000 USD
CY2020Q1 rwt Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax
InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax
0 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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101313000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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112276842 shares
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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114076568 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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195568 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
28566875 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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141039285 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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114076568 shares
CY2021Q1 us-gaap Earnings Per Share Diluted
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0.72
CY2020Q1 us-gaap Earnings Per Share Diluted
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CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
29000000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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27664000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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5270000 USD
CY2021Q1 rwt Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
1143000 USD
CY2021Q1 rwt Allocated Sharebased Compensation Expense Including Restructuring
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2886000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
28905000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2021Q1 rwt Employee Stock Purchase Plan Number Of Shares Authorized
EmployeeStockPurchasePlanNumberOfSharesAuthorized
600000 shares
CY2021Q1 rwt Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
505346 shares
CY2020 rwt Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
489886 shares
CY2021Q1 rwt Mortgage Banking Activities Net
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82607000 USD
CY2020Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
-28902000 USD
CY2021Q1 rwt Mortgage Servicing Rights Income Loss Net
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697000 USD
CY2020Q1 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
-1809000 USD
CY2021Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
882000 USD
CY2020Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
765000 USD
CY2021Q1 rwt Fhlbc Capital Stock Dividend
FHLBCCapitalStockDividend
25000 USD
CY2020Q1 rwt Fhlbc Capital Stock Dividend
FHLBCCapitalStockDividend
547000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
848000 USD
CY2021Q1 us-gaap Interest And Fee Income Loans And Leases
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421000 USD
CY2020Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
0 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
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1818000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
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2577000 USD
CY2021Q1 us-gaap Other Income
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3843000 USD
CY2020Q1 us-gaap Other Income
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2928000 USD
CY2021Q1 rwt Fixed Compensation Expense
FixedCompensationExpense
11805000 USD
CY2020Q1 rwt Fixed Compensation Expense
FixedCompensationExpense
14684000 USD
CY2021Q1 rwt Variable Compensation Expense
VariableCompensationExpense
18669000 USD
CY2020Q1 rwt Variable Compensation Expense
VariableCompensationExpense
11000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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4169000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1995000 USD
CY2021Q1 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
1212000 USD
CY2020Q1 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
1212000 USD
CY2021Q1 us-gaap Communications And Information Technology
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2977000 USD
CY2020Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3212000 USD
CY2021Q1 rwt Office Costs
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1808000 USD
CY2020Q1 rwt Office Costs
OfficeCosts
2108000 USD
CY2021Q1 us-gaap Professional Fees
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714000 USD
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
2216000 USD
CY2021Q1 us-gaap Other General Expense
OtherGeneralExpense
691000 USD
CY2020Q1 us-gaap Other General Expense
OtherGeneralExpense
671000 USD
CY2021Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1506000 USD
CY2020Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2573000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43551000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28682000 USD
CY2021Q1 rwt Commissions On Loan Acquisitions
CommissionsOnLoanAcquisitions
1263000 USD
CY2020Q1 rwt Commissions On Loan Acquisitions
CommissionsOnLoanAcquisitions
1788000 USD
CY2021Q1 rwt Underwriting Costs Associated With Loan Acquisitions
UnderwritingCostsAssociatedWithLoanAcquisitions
1685000 USD
CY2020Q1 rwt Underwriting Costs Associated With Loan Acquisitions
UnderwritingCostsAssociatedWithLoanAcquisitions
1662000 USD
CY2021Q1 rwt Transfer And Hold Costs Associated With Loan Acquisitions
TransferAndHoldCostsAssociatedWithLoanAcquisitions
611000 USD
CY2020Q1 rwt Transfer And Hold Costs Associated With Loan Acquisitions
TransferAndHoldCostsAssociatedWithLoanAcquisitions
536000 USD
CY2021Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
3559000 USD
CY2020Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
3986000 USD
CY2021Q1 us-gaap Goodwill Impairment Loss
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0 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
88675000 USD
CY2021Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
3873000 USD
CY2020Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
4309000 USD
CY2021Q1 us-gaap Other Cost And Expense Operating
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223000 USD
CY2020Q1 us-gaap Other Cost And Expense Operating
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-1569000 USD
CY2021Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
4096000 USD
CY2020Q1 us-gaap Operating Costs And Expenses
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91415000 USD
CY2021Q1 us-gaap Operating Expenses
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51206000 USD
CY2020Q1 us-gaap Operating Expenses
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124083000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
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0.028
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.011
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.086
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.086
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.125
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.259
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.037
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.025
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.106
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.023
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
128305000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
102552000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25753000 USD
CY2021Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
82607000 USD
CY2021Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
45087000 USD
CY2021Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
3843000 USD
CY2021Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2716000 USD
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
134253000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43551000 USD
CY2021Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
3559000 USD
CY2021Q1 us-gaap Other Expenses
OtherExpenses
4096000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11543000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
97257000 USD
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-6230000 USD
CY2020Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
198081000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
146671000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
51410000 USD
CY2020Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
-28902000 USD
CY2020Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-870832000 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2928000 USD
CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
3852000 USD
CY2020Q1 us-gaap Noninterest Income
NoninterestIncome
-892954000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28682000 USD
CY2020Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
3986000 USD
CY2020Q1 us-gaap Other Expenses
OtherExpenses
91415000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22229000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-943398000 USD
CY2020Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-4497000 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
88675000 USD
CY2021Q1 us-gaap Marketable Securities
MarketableSecurities
364320000 USD
CY2021Q1 us-gaap Other Investments
OtherInvestments
322579000 USD
CY2021Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
52992000 USD
CY2021Q1 us-gaap Assets
Assets
10896848000 USD
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
344125000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
348175000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
56865000 USD
CY2020Q4 us-gaap Assets
Assets
10355066000 USD

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