$RWT
REDWOOD TRUST INC Stock $rwt

$rwt Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000093023623000031 Filed on August 07, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$177.1M	$179.0M
YoY Change	-0.33%	6.89%
Cost Of Revenue	$160.4M	$156.0M
YoY Change	12.37%	22.87%
Gross Profit	$16.69M	$23.00M
YoY Change	-52.23%	-43.19%
Gross Profit Margin	9.43%	12.85%
Selling, General & Admin	$27.52M	$30.00M
YoY Change	-21.84%	11.88%
% of Gross Profit	164.9%	130.43%
Research & Development	$3.108M	$2.854M
YoY Change	-20.49%	-22.93%
% of Gross Profit	18.62%	12.41%
Depreciation & Amortization	$3.749M	$3.665M
YoY Change	-14.89%	-2.03%
% of Gross Profit	22.46%	15.93%
Operating Expenses	$39.87M	$15.00M
YoY Change	-14.79%	-61.45%
Operating Profit	-$23.18M	$8.000M
YoY Change	95.47%	408.26%
Interest Expense	$156.7M	-$4.000M
YoY Change	9.81%	-103.15%
% of Operating Profit		-50.0%
Other Income/Expense, Net	$4.633M	$4.975M
YoY Change	8.73%	43.45%
Pretax Income	-$29.11M	$2.000M
YoY Change	-40.58%	-101.83%
Income Tax	$1.696M	$0.00
% Of Pretax Income		0.0%
Net Earnings	-$30.81M	$1.000M
YoY Change	-38.88%	-101.0%
Net Earnings / Revenue	-17.4%	0.56%
Basic Earnings Per Share	-$0.29	$0.00
Diluted Earnings Per Share	-$0.29	$0.01
COMMON SHARES
Basic Shares Outstanding	114.2M shares	114.0M shares
Diluted Shares Outstanding	115.5M shares	114.4M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$333.4M	$357.0M
YoY Change	-40.05%	-45.52%
Cash & Equivalents	$204.0M	$357.0M
Short-Term Investments	$129.4M	$166.8M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$313.4M	$357.0M
YoY Change	-25.88%	-24.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.453M	$8.994M
YoY Change	-31.89%	-19.62%
Goodwill	$23.37M	$23.37M
YoY Change	0.0%
Intangibles	$31.57M	$34.68M
YoY Change	-28.46%
Long-Term Investments	$901.1M	$950.0M
YoY Change	-11.0%	-1.45%
Other Assets	$98.03M	$131.5M
YoY Change	5.57%	40.72%
Total Long-Term Assets	$12.71B	$12.44B
YoY Change	-0.12%	-7.17%
TOTAL ASSETS
Total Short-Term Assets	$313.4M	$357.0M
Total Long-Term Assets	$12.71B	$12.44B
Total Assets	$13.02B	$12.80B
YoY Change	-0.95%	-7.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.588M	$2.892M
YoY Change	-2.84%	-47.59%
Accrued Expenses	$145.3M	$139.9M
YoY Change	2.03%	1.36%
Deferred Revenue
YoY Change
Short-Term Debt	$1.477B	$1.457B
YoY Change	-30.03%	-22.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.628B	$1.457B
YoY Change	-27.88%	-27.63%
LONG-TERM LIABILITIES
Long-Term Debt	$10.22B	$9.985B
YoY Change	5.67%	-5.36%
Other Long-Term Liabilities	$65.72M	$231.0M
YoY Change	8.13%	328.97%
Total Long-Term Liabilities	$10.29B	$10.22B
YoY Change	5.68%	-3.66%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.628B	$1.457B
Total Long-Term Liabilities	$10.29B	$10.22B
Total Liabilities	$11.92B	$11.67B
YoY Change	-0.64%	-7.49%
SHAREHOLDERS EQUITY
Retained Earnings	$1.125B	$1.158B
YoY Change	-6.04%	-7.22%
Common Stock	$2.396B	$2.360B
YoY Change	2.14%	-0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.106B	$1.124B
YoY Change
Total Liabilities & Shareholders Equity	$13.02B	$12.80B
YoY Change	-0.95%	-7.77%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$30.81M	$1.000M
YoY Change	-38.88%	-101.0%
Depreciation, Depletion And Amortization	$3.749M	$3.665M
YoY Change	-14.89%	-2.03%
Cash From Operating Activities	-$891.0M	-$78.44M
YoY Change	-346.58%	-60.61%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$253.0M	$275.5M
YoY Change	-825.3%	-513.34%
Cash From Investing Activities	$253.0M	$275.5M
YoY Change	-825.3%	-513.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	450.9M	-240.7M
YoY Change	-212.38%	-206.14%
NET CHANGE
Cash From Operating Activities	-891.0M	-78.44M
Cash From Investing Activities	253.0M	275.5M
Cash From Financing Activities	450.9M	-240.7M
Net Change In Cash	-187.1M	-43.64M
YoY Change	150.27%	12.0%
FREE CASH FLOW
Cash From Operating Activities	-$891.0M	-$78.44M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
	us-gaap	Redeemable Preferred Stock Dividends RedeemablePreferredStockDividends	0	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-69051000	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.60
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.60
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119771554	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119771554	shares
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-51282000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-374000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-2047000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-48861000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-117912000	usd
	us-gaap	Redeemable Preferred Stock Dividends RedeemablePreferredStockDividends	3177000	usd
	us-gaap	Redeemable Preferred Stock Dividends RedeemablePreferredStockDividends	0	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	11093000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-117912000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1137680000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	2873000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	945000	usd
CY2023Q2	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-1661000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5200000	usd
CY2023Q2	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.625
CY2023Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1758000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.16
CY2023Q2	us-gaap	Dividends Common Stock DividendsCommonStock	19141000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1124138000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1083985000	usd
	us-gaap	Net Income Loss NetIncomeLoss	7493000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	6777000	usd
	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-2705000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	11542000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	66923000	usd
	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.22917
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3177000	usd
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.39
	us-gaap	Dividends Common Stock DividendsCommonStock	46700000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1124138000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	1445266000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-99966000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-31314000	usd
CY2022Q2	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-134000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5266000	usd
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	32802000	usd
CY2022Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.23
CY2022Q2	us-gaap	Dividends Common Stock DividendsCommonStock	28225000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1258091000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1386087000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-69051000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-48861000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	67475000	usd
	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-1180000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	13436000	usd
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	32802000	usd
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.46
	us-gaap	Dividends Common Stock DividendsCommonStock	57013000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1258091000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-69051000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	2538000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7710000	usd
	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	766852000	usd
	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	3395459000	usd
	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	3376600000	usd
	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	114731000	usd
	rwt	Payments For Proceeds From Derivative Instrument Operating Activities PaymentsForProceedsFromDerivativeInstrumentOperatingActivities	112649000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	11542000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	13436000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-132594000	usd
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	2581000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-63829000	usd
	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-75856000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-490788000	usd
	rwt	Payments For Origination Of Loans Held For Investment PaymentsForOriginationOfLoansHeldForInvestment	954179000	usd
	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	0	usd
	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	22006000	usd
	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	1160403000	usd
	rwt	Payments To Acquire Real Estate Securities PaymentsToAcquireRealEstateSecurities	15006000	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	23329000	usd
	rwt	Proceeds From Principal Repayments On Securities ProceedsFromPrincipalRepaymentsOnSecurities	26033000	usd
	rwt	Repayments Of Servicing Advance Investments RepaymentsOfServicingAdvanceInvestments	71401000	usd
	rwt	Payments To Acquire Home Equity Investment Contracts PaymentsToAcquireHomeEquityInvestmentContracts	97389000	usd
	rwt	Proceeds From Payments For Home Equity Contracts Net ProceedsFromPaymentsForHomeEquityContractsNet	25826000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	14573000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	203839000	usd
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	3450606000	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	4125634000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	1167711000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	954136000	usd
	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	311278000	usd
	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	1424088000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1329000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	17363000	usd
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	244908000	usd
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	726076000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	26857000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3017000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1477000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	312000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	67770000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	66923000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	46700000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1699000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1720000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-2300000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-292342000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	199319000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	117478000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-87630000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	329364000	usd
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	us-gaap	Interest Paid Net InterestPaidNet	247968000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	3894000	usd
	rwt	Dividends Declared But Not Paid On Preferred Stock DividendsDeclaredButNotPaidOnPreferredStock	0	usd
	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	4543000	usd
	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	1953421000	usd
	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	3132000	usd
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	rwt	Long Term Debt Transferred To Short Term Debt LongTermDebtTransferredToShortTermDebt	0	usd
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CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	90000000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	371000000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	73000000	usd
	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:115%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to help make quality housing, whether rented or owned, accessible to all American households. 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 well 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 securities. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential, business purpose and multifamily assets. 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 Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio.</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 primarily 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 portfolio. </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%">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 generally 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><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. was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires. For a full description of our business, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Part I, Item 1—Business </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in our Annual Report on Form 10-K for the year ended December 31, 2022.</span></div>
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
	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, valuation allowances, 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>
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	6216000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	9412000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	8426000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6694000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1571000	usd
CY2023Q2	rwt	Finite Lived Intangible Asset Expected Amortization Year Five And Thereafter FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndThereafter	2358000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	34677000	usd
CY2023Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	33522000	usd
CY2023Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	usd
CY2023Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	33522000	usd
CY2023Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	33522000	usd
CY2023Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	0	usd
CY2023Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	0	usd
CY2022Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	241536000	usd
CY2022Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	usd
CY2022Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	241536000	usd
CY2022Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	226625000	usd
CY2022Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	4518000	usd
CY2022Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	10393000	usd
CY2022Q4	us-gaap	Trading Securities TradingSecurities	108329000	usd
CY2023Q2	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	6324000	usd
CY2022Q2	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-130735000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	17594000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-132594000	usd
CY2023Q2	us-gaap	Investments Investments	6000000	usd
CY2023Q2	us-gaap	Trading Securities TradingSecurities	69323000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	97496000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	132146000	usd
CY2023Q2	us-gaap	Marketable Securities MarketableSecurities	166819000	usd
CY2022Q4	us-gaap	Marketable Securities MarketableSecurities	240475000	usd
CY2023Q2	us-gaap	Trading Securities TradingSecurities	69323000	usd
CY2022Q4	us-gaap	Trading Securities TradingSecurities	108329000	usd
CY2023Q2	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	76512000	usd
CY2022Q4	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	215592000	usd
CY2023Q2	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	6183000	usd
CY2022Q2	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	0	usd
	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	7883000	usd
	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	5006000	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	51578000	usd
CY2022Q2	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	23329000	usd
	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	55087000	usd
	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	23329000	usd
CY2023Q2	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	6495000	usd
CY2022Q2	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-16042000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	8456000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-17498000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	97496000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	132146000	usd
CY2023Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	1979000	usd
CY2022Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	0	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	1979000	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	10000000	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	40574000	usd
CY2022Q2	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	43252000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
CY2023Q2	rwt	Debt Securities Available For Sale Principal Balance Of Securities Called DebtSecuritiesAvailableForSalePrincipalBalanceOfSecuritiesCalled	0	usd
CY2022Q2	rwt	Debt Securities Available For Sale Principal Balance Of Securities Called DebtSecuritiesAvailableForSalePrincipalBalanceOfSecuritiesCalled	0	usd
	rwt	Debt Securities Available For Sale Principal Balance Of Securities Called DebtSecuritiesAvailableForSalePrincipalBalanceOfSecuritiesCalled	0	usd
	rwt	Debt Securities Available For Sale Principal Balance Of Securities Called DebtSecuritiesAvailableForSalePrincipalBalanceOfSecuritiesCalled	14486000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-688000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-33409000	usd
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	4319000	usd
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-51282000	usd
CY2023Q2	rwt	Debt Securities Available For Sale Principal Balance DebtSecuritiesAvailableForSalePrincipalBalance	164576000	usd
CY2022Q4	rwt	Debt Securities Available For Sale Principal Balance DebtSecuritiesAvailableForSalePrincipalBalance	221933000	usd
CY2023Q2	rwt	Debt Securities Available For Sale Credit Reserve DebtSecuritiesAvailableForSaleCreditReserve	25615000	usd
CY2022Q4	rwt	Debt Securities Available For Sale Credit Reserve DebtSecuritiesAvailableForSaleCreditReserve	28739000	usd
CY2023Q2	rwt	Debt Securities Available For Sale Unamortized Discounts Premiums DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums	46948000	usd
CY2022Q4	rwt	Debt Securities Available For Sale Unamortized Discounts Premiums DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums	61650000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	92013000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	131544000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	15397000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	16269000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	7275000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	13127000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2639000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2540000	usd
CY2023Q2	rwt	Number Of Available For Sale Securities NumberOfAvailableForSaleSecurities	72
CY2023Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Number Of Positions DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions	28
CY2023Q2	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	16
CY2022Q4	rwt	Number Of Available For Sale Securities NumberOfAvailableForSaleSecurities	79
CY2022Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Number Of Positions DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions	38
CY2022Q4	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	1
CY2023Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	7000000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2600000	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2568000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2540000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	131000	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	230000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal	117000	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal	46000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Securities Sold DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold	-177000	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Securities Sold DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold	-177000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2639000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2639000	usd
CY2023Q2	rwt	Availableforsale Securities Gross Realized Gain Loss On Sales And Calls AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls	949000	usd
CY2022Q2	rwt	Availableforsale Securities Gross Realized Gain Loss On Sales And Calls AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls	0	usd
	rwt	Availableforsale Securities Gross Realized Gain Loss On Sales And Calls AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls	1476000	usd
	rwt	Availableforsale Securities Gross Realized Gain Loss On Sales And Calls AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls	1914000	usd
CY2023Q2	rwt	Home Equity Investments HomeEquityInvestments	427307000	usd
CY2022Q4	rwt	Home Equity Investments HomeEquityInvestments	403462000	usd
CY2023Q2	rwt	Net Market Valuation Gains Losses NetMarketValuationGainsLosses	3138000	usd
CY2022Q2	rwt	Net Market Valuation Gains Losses NetMarketValuationGainsLosses	3580000	usd
	rwt	Net Market Valuation Gains Losses NetMarketValuationGainsLosses	4206000	usd
	rwt	Net Market Valuation Gains Losses NetMarketValuationGainsLosses	9311000	usd
CY2023Q2	us-gaap	Other Investments OtherInvestments	355537000	usd
CY2022Q4	us-gaap	Other Investments OtherInvestments	390938000	usd
	rwt	Number Of Partnerships Consolidated NumberOfPartnershipsConsolidated	2	partnership
CY2023Q2	rwt	Servicing Asset Receivable ServicingAssetReceivable	203097000	usd
CY2022Q4	rwt	Servicing Asset Receivable ServicingAssetReceivable	240365000	usd
CY2023Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	18120000	usd
CY2023Q2	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	1674369000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	3975000	usd
CY2022Q4	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	1772298000	usd
CY2023Q2	us-gaap	Interest Receivable InterestReceivable	63659000	usd
CY2022Q4	us-gaap	Interest Receivable InterestReceivable	60893000	usd
CY2023Q2	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	47176000	usd
CY2022Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	36623000	usd
CY2023Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	41931000	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	41931000	usd
CY2023Q2	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	15458000	usd
CY2022Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	6455000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	14337000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	16177000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8994000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12616000	usd
CY2023Q2	us-gaap	Income Tax Receivable IncomeTaxReceivable	3147000	usd
CY2022Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	3399000	usd
CY2023Q2	us-gaap	Margin Deposit Assets MarginDepositAssets	2043000	usd
CY2022Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	13802000	usd
CY2023Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	22280000	usd
CY2022Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	19344000	usd
CY2023Q2	us-gaap	Other Assets OtherAssets	219025000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	211240000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18000000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	9000000	usd
CY2023Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	48320000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	46612000	usd
CY2023Q2	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	47149000	usd
CY2022Q4	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	44859000	usd
CY2023Q2	rwt	Unsettled Trade Liabilities Current UnsettledTradeLiabilitiesCurrent	43063000	usd
CY2022Q4	rwt	Unsettled Trade Liabilities Current UnsettledTradeLiabilitiesCurrent	0	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	21717000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	30929000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	16670000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	18563000	usd
CY2023Q2	rwt	Margin Payable MarginPayable	7512000	usd
CY2022Q4	rwt	Margin Payable MarginPayable	5944000	usd
CY2023Q2	us-gaap	Guaranty Liabilities GuarantyLiabilities	6079000	usd
CY2022Q4	us-gaap	Guaranty Liabilities GuarantyLiabilities	6344000	usd
CY2023Q2	rwt	Accrued Operating Expenses AccruedOperatingExpenses	6072000	usd
CY2022Q4	rwt	Accrued Operating Expenses AccruedOperatingExpenses	5740000	usd
CY2023Q2	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	4564000	usd
CY2022Q4	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	7051000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2892000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4234000	usd
CY2023Q2	rwt	Bridge Loan Holdback BridgeLoanHoldback	2791000	usd
CY2022Q4	rwt	Bridge Loan Holdback BridgeLoanHoldback	3301000	usd
CY2023Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1478000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	usd
CY2023Q2	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	19807000	usd
CY2022Q4	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	6626000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	228114000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	180203000	usd
CY2022Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	6455000	usd
	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	11874000	usd
	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	2579000	usd
	us-gaap	Principal Investment Gains Losses PrincipalInvestmentGainsLosses	-292000	usd
CY2023Q2	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	15458000	usd
	rwt	Realized Gain Loss From Liquidation RealizedGainLossFromLiquidation	-300000	usd
CY2023Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	30	asset
CY2022Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	28	asset
CY2018	rwt	Number Of Partnerships Consolidated NumberOfPartnershipsConsolidated	2	partnership
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	2000000	usd
CY2023Q2	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	2000000	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	1457122000	usd
CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	2029679000	usd
CY2023Q2	rwt	Shortterm Debt Pledgedas Collateral ShorttermDebtPledgedasCollateral	1817322000	usd
CY2022Q4	rwt	Shortterm Debt Pledgedas Collateral ShorttermDebtPledgedasCollateral	2299034000	usd
CY2023Q2	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	1120000000	usd
	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	1210000000	usd
CY2023Q2	us-gaap	Interest Payable Current InterestPayableCurrent	7000000	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	7000000	usd
CY2023Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	1457122000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1812516000	usd
CY2023Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	10642000	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	1801874000	usd
CY2023Q2	us-gaap	Debt Instrument Collateral Amount DebtInstrumentCollateralAmount	1480062000	usd
CY2022Q4	us-gaap	Debt Instrument Collateral Amount DebtInstrumentCollateralAmount	1379856000	usd
CY2023Q2	rwt	Interest Payable Noncurrent InterestPayableNoncurrent	13348000	usd
CY2022Q4	rwt	Interest Payable Noncurrent InterestPayableNoncurrent	11966000	usd
CY2023Q2	rwt	Lessee Number Of Leases LesseeNumberOfLeases	10	lease
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	19000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	3000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	2000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	2506000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	4554000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3629000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	3520000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	2588000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	1991000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	18788000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	2118000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	16670000	usd
CY2023Q2	rwt	Lessee Number Of Office Leases LesseeNumberOfOfficeLeases	1	lease
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	17000000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	14000000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.052
CY2018	rwt	Commitment To Fund Partnership Number Of Partnerships CommitmentToFundPartnershipNumberOfPartnerships	2	partnership
CY2023Q2	us-gaap	Guaranty Liabilities GuarantyLiabilities	6000000	usd
CY2023Q2	rwt	Guarantee Obligation Credit Reserve GuaranteeObligationCreditReserve	5000000	usd
CY2022Q4	rwt	Special Purpose Entities Assets SpecialPurposeEntitiesAssets	30000000	usd
CY2023Q2	rwt	Special Purpose Entities Assets SpecialPurposeEntitiesAssets	30000000	usd
CY2023Q2	rwt	Special Purpose Entities Liabilities SpecialPurposeEntitiesLiabilities	6000000	usd
CY2022Q4	rwt	Special Purpose Entities Liabilities SpecialPurposeEntitiesLiabilities	6000000	usd
	rwt	Mortgage Loans On Real Estate Repurchase Provision MortgageLoansOnRealEstateRepurchaseProvision	1000000	usd
	rwt	Mortgage Loans On Real Estate Repurchase Provision MortgageLoansOnRealEstateRepurchaseProvision	4000000	usd
CY2023Q2	us-gaap	Litigation Reserve LitigationReserve	2000000	usd
CY2023Q2	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.625
	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.22917
CY2023Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1000000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1115000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-99966000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4316000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-69051000	usd
CY2023Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	876000	usd
CY2022Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	1159000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2280000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2286000	usd
CY2023Q2	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	239000	usd
CY2022Q2	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	-101125000	usd
	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	2036000	usd
	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	-71337000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114051017	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119660173	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113830347	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119771554	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.85
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.60
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1115000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-99966000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4316000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-69051000	usd
CY2023Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	876000	usd
CY2022Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1159000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2280000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2286000	usd
CY2023Q2	rwt	Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax	0	usd
CY2022Q2	rwt	Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax	0	usd
	rwt	Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax	0	usd
	rwt	Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax	0	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	239000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-101125000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	2036000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-71337000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114051017	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119660173	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113830347	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	119771554	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	394245	shares
CY2022Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	424945	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	114445262	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119660173	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	114255292	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	119771554	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.85
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.60
CY2023Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	36000000	usd
CY2022Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	40188000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	9239000	usd
	rwt	Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Valuation Adjustment SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAdjustment	1719000	usd
	rwt	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures	807000	usd
	rwt	Allocated Sharebased Compensation Expense Including Restructuring AllocatedSharebasedCompensationExpenseIncludingRestructuring	11260000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	35641000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y
CY2023Q2	rwt	Employee Stock Purchase Plan Number Of Shares Authorized EmployeeStockPurchasePlanNumberOfSharesAuthorized	850000	shares
	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	713659	shares
CY2022	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	657777	shares
CY2023Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	16552000	usd
CY2022Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	-30017000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	33223000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	-13702000	usd
CY2023Q2	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	3349000	usd
CY2022Q2	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	5376000	usd
	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	4426000	usd
	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	9679000	usd
CY2023Q2	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	1160000	usd
CY2022Q2	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	1473000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	2752000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	2463000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-351000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	157000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1536000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	847000	usd
CY2023Q2	us-gaap	Other Income OtherIncome	4158000	usd
CY2022Q2	us-gaap	Other Income OtherIncome	7006000	usd
	us-gaap	Other Income OtherIncome	8714000	usd
	us-gaap	Other Income OtherIncome	12989000	usd
CY2023Q2	rwt	Fixed Compensation Expense FixedCompensationExpense	12786000	usd
CY2022Q2	rwt	Fixed Compensation Expense FixedCompensationExpense	12110000	usd
	rwt	Fixed Compensation Expense FixedCompensationExpense	28145000	usd
	rwt	Fixed Compensation Expense FixedCompensationExpense	26738000	usd
CY2023Q2	rwt	Variable Compensation Expense VariableCompensationExpense	3187000	usd
CY2022Q2	rwt	Variable Compensation Expense VariableCompensationExpense	1811000	usd
	rwt	Variable Compensation Expense VariableCompensationExpense	7192000	usd
	rwt	Variable Compensation Expense VariableCompensationExpense	5168000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	6237000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5532000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14179000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11192000	usd
CY2023Q2	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	2854000	usd
CY2022Q2	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	3703000	usd
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	5966000	usd
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	6887000	usd
CY2023Q2	rwt	Office Costs OfficeCosts	2289000	usd
CY2022Q2	rwt	Office Costs OfficeCosts	2083000	usd
	rwt	Office Costs OfficeCosts	4329000	usd
	rwt	Office Costs OfficeCosts	4108000	usd
CY2023Q2	us-gaap	Professional Fees ProfessionalFees	1176000	usd
CY2022Q2	us-gaap	Professional Fees ProfessionalFees	1576000	usd
	us-gaap	Professional Fees ProfessionalFees	2095000	usd
	us-gaap	Professional Fees ProfessionalFees	3251000	usd
CY2023Q2	us-gaap	Other General Expense OtherGeneralExpense	957000	usd
CY2022Q2	us-gaap	Other General Expense OtherGeneralExpense	1000000	usd
	us-gaap	Other General Expense OtherGeneralExpense	1886000	usd
	us-gaap	Other General Expense OtherGeneralExpense	1864000	usd
CY2023Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1319000	usd
CY2022Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	2384000	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	2568000	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	4267000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30805000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30199000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	66360000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	63475000	usd
CY2023Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	3100000	usd
CY2022Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	1767000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	6610000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	3345000	usd
CY2023Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	1444000	usd
CY2022Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	3480000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	2733000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	7945000	usd
CY2023Q2	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	3107000	usd
CY2022Q2	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	3306000	usd
	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	6214000	usd
	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	6840000	usd
CY2023Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1868000	usd
CY2022Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	162000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2445000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	713000	usd
CY2023Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	4975000	usd
CY2022Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	3468000	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	8659000	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	7553000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	40324000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	38914000	usd
	us-gaap	Operating Expenses OperatingExpenses	84362000	usd
	us-gaap	Operating Expenses OperatingExpenses	82318000	usd
CY2023Q2	us-gaap	Severance Costs1 SeveranceCosts1	1000000	usd
	us-gaap	Severance Costs1 SeveranceCosts1	2000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-12000000	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.002
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.006
	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.049
	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	-0.015
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0
	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.323
	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.084
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.164
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.147
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2023Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	178981000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	152885000	usd
CY2023Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	26096000	usd
CY2023Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	16552000	usd
CY2023Q2	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-4596000	usd
CY2023Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	4158000	usd
CY2023Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	1056000	usd
CY2023Q2	us-gaap	Noninterest Income NoninterestIncome	17170000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30805000	usd
CY2023Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	3100000	usd
CY2023Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	1444000	usd
CY2023Q2	us-gaap	Other Expenses OtherExpenses	4975000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	69000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	2873000	usd
CY2023Q2	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-7568000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	357497000	usd
	us-gaap	Interest Expense InterestExpense	304964000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	52533000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	33223000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-4723000	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	8714000	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	1054000	usd
	us-gaap	Noninterest Income NoninterestIncome	38268000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	66360000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	6610000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	2733000	usd
	us-gaap	Other Expenses OtherExpenses	8659000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1054000	usd
	us-gaap	Net Income Loss NetIncomeLoss	7493000	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-16465000	usd
CY2022Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	167455000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	126967000	usd
CY2022Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	40488000	usd
CY2022Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	-30017000	usd
CY2022Q2	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-87972000	usd
CY2022Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	7006000	usd
CY2022Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	0	usd
CY2022Q2	us-gaap	Noninterest Income NoninterestIncome	-110983000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30199000	usd
CY2022Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	1767000	usd
CY2022Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	3480000	usd
CY2022Q2	us-gaap	Other Expenses OtherExpenses	3468000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-9443000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-99966000	usd
CY2022Q2	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-7827000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	356855000	usd
	us-gaap	Interest Expense InterestExpense	263265000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	93590000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	-13702000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-94092000	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	12989000	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	2581000	usd
	us-gaap	Noninterest Income NoninterestIncome	-92224000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	63475000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	3345000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	7945000	usd
	us-gaap	Other Expenses OtherExpenses	7553000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-11901000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-69051000	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-21482000	usd
CY2023Q2	us-gaap	Marketable Securities MarketableSecurities	166819000	usd
CY2023Q2	rwt	Home Equity Investments HomeEquityInvestments	427307000	usd
CY2023Q2	us-gaap	Other Investments OtherInvestments	355537000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	23373000	usd
CY2023Q2	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	34677000	usd
CY2023Q2	us-gaap	Assets Assets	12796734000	usd
CY2022Q4	us-gaap	Marketable Securities MarketableSecurities	240475000	usd
CY2022Q4	rwt	Home Equity Investments HomeEquityInvestments	403462000	usd
CY2022Q4	us-gaap	Other Investments OtherInvestments	390938000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	23373000	usd
CY2022Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	40892000	usd
CY2022Q4	us-gaap	Assets Assets	13030899000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

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$RWT
REDWOOD TRUST INC Stock $rwt

2023 Q3 Form 10-Q Financial Statement

#000093023623000031 Filed on August 07, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT REDWOOD TRUST INC Stock $rwt

2023 Q3 Form 10-Q Financial Statement

#000093023623000031 Filed on August 07, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT
REDWOOD TRUST INC Stock $rwt