$RWT
REDWOOD TRUST INC Stock $rwt

$rwt Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000093023623000038 Filed on November 07, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$203.0M	$177.1M
YoY Change	17.11%	-0.33%
Cost Of Revenue	$174.0M	$160.4M
YoY Change	12.72%	12.37%
Gross Profit	$29.00M	$16.69M
YoY Change	52.81%	-52.23%
Gross Profit Margin	14.29%	9.43%
Selling, General & Admin	$32.00M	$27.52M
YoY Change	-39.24%	-21.84%
% of Gross Profit	110.34%	164.9%
Research & Development		$3.108M
YoY Change		-20.49%
% of Gross Profit		18.62%
Depreciation & Amortization	$3.772M	$3.749M
YoY Change	-0.92%	-14.89%
% of Gross Profit	13.01%	22.46%
Operating Expenses	$19.00M	$39.87M
YoY Change	-62.05%	-14.79%
Operating Profit	$10.00M	-$23.18M
YoY Change	-132.17%	95.47%
Interest Expense	$15.00M	$156.7M
YoY Change	-171.37%	9.81%
% of Operating Profit	150.0%
Other Income/Expense, Net		$4.633M
YoY Change		8.73%
Pretax Income	$22.00M	-$29.11M
YoY Change	-141.13%	-40.58%
Income Tax	$1.000M	$1.696M
% Of Pretax Income	4.55%
Net Earnings	$19.00M	-$30.81M
YoY Change	-142.27%	-38.88%
Net Earnings / Revenue	9.36%	-17.4%
Basic Earnings Per Share		-$0.29
Diluted Earnings Per Share	$0.16	-$0.29
COMMON SHARES
Basic Shares Outstanding	118.6M shares	114.2M shares
Diluted Shares Outstanding		115.5M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$420.8M	$333.4M
YoY Change	-15.75%	-40.05%
Cash & Equivalents	$293.0M	$204.0M
Short-Term Investments	$127.8M	$129.4M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$293.0M	$313.4M
YoY Change	-21.58%	-25.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.829M	$8.453M
YoY Change	-37.94%	-31.89%
Goodwill	$23.37M	$23.37M
YoY Change	0.0%	0.0%
Intangibles	$28.46M	$31.57M
YoY Change	-30.4%	-28.46%
Long-Term Investments	$1.022B	$901.1M
YoY Change	-1.24%	-11.0%
Other Assets	$115.8M	$98.03M
YoY Change	3.02%	5.57%
Total Long-Term Assets	$14.21B	$12.71B
YoY Change	12.28%	-0.12%
TOTAL ASSETS
Total Short-Term Assets	$293.0M	$313.4M
Total Long-Term Assets	$14.21B	$12.71B
Total Assets	$14.50B	$13.02B
YoY Change	11.31%	-0.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.992M	$4.588M
YoY Change	17.9%	-2.84%
Accrued Expenses	$182.3M	$145.3M
YoY Change	24.28%	2.03%
Deferred Revenue
YoY Change
Short-Term Debt	$1.558B	$1.477B
YoY Change	-23.23%	-30.03%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.558B	$1.628B
YoY Change	-28.55%	-27.88%
LONG-TERM LIABILITIES
Long-Term Debt	$11.49B	$10.22B
YoY Change	18.24%	5.67%
Other Long-Term Liabilities	$250.0M	$65.72M
YoY Change	442.04%	8.13%
Total Long-Term Liabilities	$11.74B	$10.29B
YoY Change	20.24%	5.68%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.558B	$1.628B
Total Long-Term Liabilities	$11.74B	$10.29B
Total Liabilities	$13.30B	$11.92B
YoY Change	11.34%	-0.64%
SHAREHOLDERS EQUITY
Retained Earnings	$1.144B	$1.125B
YoY Change	-0.78%	-6.04%
Common Stock	$2.489B	$2.396B
YoY Change	5.88%	2.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.203B	$1.106B
YoY Change
Total Liabilities & Shareholders Equity	$14.50B	$13.02B
YoY Change	11.31%	-0.95%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$19.00M	-$30.81M
YoY Change	-142.27%	-38.88%
Depreciation, Depletion And Amortization	$3.772M	$3.749M
YoY Change	-0.92%	-14.89%
Cash From Operating Activities	-$1.148B	-$891.0M
YoY Change	11729.05%	-346.58%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$269.5M	$253.0M
YoY Change	499.83%	-825.3%
Cash From Investing Activities	$269.5M	$253.0M
YoY Change	499.83%	-825.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	987.9M	450.9M
YoY Change	-1418.26%	-212.38%
NET CHANGE
Cash From Operating Activities	-1.148B	-891.0M
Cash From Investing Activities	269.5M	253.0M
Cash From Financing Activities	987.9M	450.9M
Net Change In Cash	109.1M	-187.1M
YoY Change	-374.56%	150.27%
FREE CASH FLOW
Cash From Operating Activities	-$1.148B	-$891.0M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	118636302	shares
CY2023Q3	us-gaap	Marketable Securities MarketableSecurities	129445000	usd
CY2022Q4	us-gaap	Marketable Securities MarketableSecurities	240475000	usd
CY2022Q4	rwt	Loan Held For Investment Amount LoanHeldForInvestmentAmount	403462000	usd
CY2023Q3	us-gaap	Other Investments OtherInvestments	340361000	usd
CY2022Q4	us-gaap	Other Investments OtherInvestments	390938000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	203622000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	258894000	usd
CY2023Q3	us-gaap	Restricted Cash RestrictedCash	56101000	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	70470000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	23373000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	23373000	usd
CY2023Q3	us-gaap	Derivative Assets DerivativeAssets	37686000	usd
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	20830000	usd
CY2023Q3	us-gaap	Other Assets OtherAssets	250487000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	211240000	usd
CY2023Q3	us-gaap	Assets Assets	13021138000	usd
CY2022Q4	us-gaap	Assets Assets	13030899000	usd
CY2023Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	1476654000	usd
CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	2029679000	usd
CY2023Q3	us-gaap	Derivative Liabilities DerivativeLiabilities	8781000	usd
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	16855000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	208294000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	180203000	usd
CY2023Q3	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	7910345000	usd
CY2022Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	7424132000	usd
CY2023Q3	us-gaap	Secured Debt SecuredDebt	8392050000	usd
CY2022Q4	us-gaap	Secured Debt SecuredDebt	7986752000	usd
CY2023Q3	us-gaap	Other Long Term Debt OtherLongTermDebt	1829560000	usd
CY2022Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	1733425000	usd
CY2023Q3	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	27323000	usd
CY2022Q3	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	23944000	usd
	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	87862000	usd
	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	49093000	usd
CY2023Q3	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	91323000	usd
CY2022Q3	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	90910000	usd
	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	268881000	usd
	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	285464000	usd
CY2023Q3	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	38077000	usd
CY2022Q3	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	27873000	usd
CY2022Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	34935000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	72884000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	128525000	usd
CY2023Q3	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	19440000	usd
CY2022Q3	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	16535000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	52663000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	2833000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-36153000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-151789000	usd
CY2023Q3	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	9214000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	1829560000	usd
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q3	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
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CY2023Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	31570000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	40892000	usd
	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	104944000	usd
	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	71435000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	156723000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	142727000	usd
	us-gaap	Interest Expense InterestExpense	461687000	usd
	us-gaap	Interest Expense InterestExpense	405992000	usd
CY2023Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	20351000	usd
CY2023Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-31430000	usd
CY2022Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-57697000	usd
CY2023Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	33328000	usd
CY2023Q3	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-123000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3410000	usd
CY2023Q3	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.625
CY2023Q3	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1750000	usd
CY2023Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.16
CY2023Q3	us-gaap	Dividends Common Stock DividendsCommonStock	19747000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	1105799000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1083985000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-23317000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	4130000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	33328000	usd
	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-2828000	usd
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	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.85417
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CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	1258091000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-50411000	usd
CY2022Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-7147000	usd
CY2022Q3	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	34000	usd
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CY2022Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	23694000	usd
CY2022Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.23
CY2022Q3	us-gaap	Dividends Common Stock DividendsCommonStock	27699000	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-119462000	usd
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	us-gaap	Dividends Common Stock DividendsCommonStock	84712000	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-119462000	usd
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	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12115000	usd
	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	577098000	usd
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	us-gaap	Share Based Compensation ShareBasedCompensation	14952000	usd
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	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-984000	usd
	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-62046000	usd
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	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	1126609000	usd
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	rwt	Payments To Acquire Real Estate Securities PaymentsToAcquireRealEstateSecurities	15006000	usd
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	rwt	Proceeds From Principal Repayments On Securities ProceedsFromPrincipalRepaymentsOnSecurities	950000	usd
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	rwt	Repayments Of Servicing Advance Investments RepaymentsOfServicingAdvanceInvestments	55828000	usd
	rwt	Repayments Of Servicing Advance Investments RepaymentsOfServicingAdvanceInvestments	65772000	usd
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	rwt	Payments To Acquire Home Equity Investment Contracts PaymentsToAcquireHomeEquityInvestmentContracts	176439000	usd
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	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	20768000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	639234000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	168959000	usd
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	1956373000	usd
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	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	5192165000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	1240121000	usd
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	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	657638000	usd
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	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	1678805000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1640000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	17925000	usd
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	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	873820000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	56496000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3288000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1571000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	33788000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	67899000	usd
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	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	usd
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	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	84712000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3449000	usd
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	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-3659000	usd
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	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-201923000	usd
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	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	4543000	usd
	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	2009030000	usd
	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	2643027000	usd
	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	53906000	usd
	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	4033000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	337000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
	rwt	Operating Lease Liability Reduction From Lease Modification OperatingLeaseLiabilityReductionFromLeaseModification	274000	usd
	rwt	Operating Lease Liability Reduction From Lease Modification OperatingLeaseLiabilityReductionFromLeaseModification	0	usd
	rwt	Short Term Debt Transferred To Long Term Debt ShortTermDebtTransferredToLongTermDebt	325173000	usd
	rwt	Short Term Debt Transferred To Long Term Debt ShortTermDebtTransferredToLongTermDebt	0	usd
	rwt	Long Term Debt Transferred To Short Term Debt LongTermDebtTransferredToShortTermDebt	427021000	usd
	rwt	Long Term Debt Transferred To Short Term Debt LongTermDebtTransferredToShortTermDebt	908627000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	204000000	usd
CY2023Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	56000000	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	297000000	usd
CY2022Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	72000000	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 and business purpose housing credit 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>
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	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	11000000	usd
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CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	9412000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	8426000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6694000	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1571000	usd
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CY2023Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	usd
CY2023Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	331574000	usd
CY2023Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	327248000	usd
CY2023Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	4326000	usd
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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
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	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	1275000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-183487000	usd
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CY2023Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	81404000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	132146000	usd
CY2023Q3	us-gaap	Marketable Securities MarketableSecurities	129445000	usd
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CY2023Q3	us-gaap	Trading Securities TradingSecurities	48041000	usd
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CY2022Q3	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
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CY2023Q3	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	5967000	usd
CY2022Q3	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-12521000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	14423000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-30019000	usd
CY2023Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	81404000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	132146000	usd
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CY2022Q3	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
CY2023Q3	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	12590000	usd
CY2022Q3	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
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CY2022Q3	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
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CY2023Q3	rwt	Debt Securities Available For Sale Principal Balance DebtSecuritiesAvailableForSalePrincipalBalance	149991000	usd
CY2022Q4	rwt	Debt Securities Available For Sale Principal Balance DebtSecuritiesAvailableForSalePrincipalBalance	221933000	usd
CY2023Q3	rwt	Debt Securities Available For Sale Credit Reserve DebtSecuritiesAvailableForSaleCreditReserve	23890000	usd
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CY2023Q3	rwt	Debt Securities Available For Sale Unamortized Discounts Premiums DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums	46603000	usd
CY2022Q4	rwt	Debt Securities Available For Sale Unamortized Discounts Premiums DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums	61650000	usd
CY2023Q3	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	79498000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	131544000	usd
CY2023Q3	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	13463000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	16269000	usd
CY2023Q3	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	8984000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	13127000	usd
CY2023Q3	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2573000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2540000	usd
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	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	278000	usd
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CY2023Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	41931000	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	41931000	usd
CY2023Q3	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	36816000	usd
CY2022Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	36623000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	13367000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	16177000	usd
CY2023Q3	us-gaap	Margin Deposit Assets MarginDepositAssets	10536000	usd
CY2022Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	13802000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8453000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12616000	usd
CY2023Q3	us-gaap	Income Tax Receivable IncomeTaxReceivable	1654000	usd
CY2022Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	3399000	usd
CY2023Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	22845000	usd
CY2022Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	19344000	usd
CY2023Q3	us-gaap	Other Assets OtherAssets	250487000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	211240000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	17000000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	9000000	usd
CY2023Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	51849000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	46612000	usd
CY2023Q3	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	48496000	usd
CY2022Q4	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	44859000	usd
CY2023Q3	rwt	Margin Payable MarginPayable	25210000	usd
CY2022Q4	rwt	Margin Payable MarginPayable	5944000	usd
CY2023Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	23249000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	30929000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	15630000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	18563000	usd
CY2023Q3	rwt	Unsettled Trade Liabilities Current UnsettledTradeLiabilitiesCurrent	6110000	usd
CY2022Q4	rwt	Unsettled Trade Liabilities Current UnsettledTradeLiabilitiesCurrent	0	usd
CY2023Q3	rwt	Accrued Operating Expenses AccruedOperatingExpenses	6063000	usd
CY2022Q4	rwt	Accrued Operating Expenses AccruedOperatingExpenses	5740000	usd
CY2023Q3	us-gaap	Guaranty Liabilities GuarantyLiabilities	5913000	usd
CY2022Q4	us-gaap	Guaranty Liabilities GuarantyLiabilities	6344000	usd
CY2023Q3	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	4611000	usd
CY2022Q4	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	7051000	usd
CY2023Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	4588000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4234000	usd
CY2023Q3	rwt	Bridge Loan Holdback BridgeLoanHoldback	1973000	usd
CY2022Q4	rwt	Bridge Loan Holdback BridgeLoanHoldback	3301000	usd
CY2023Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1478000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	usd
CY2023Q3	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	13124000	usd
CY2022Q4	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	6626000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	208294000	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	53906000	usd
	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	5626000	usd
	us-gaap	Principal Investment Gains Losses PrincipalInvestmentGainsLosses	-612000	usd
CY2023Q3	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	54123000	usd
	rwt	Realized Gain Loss From Liquidation RealizedGainLossFromLiquidation	-600000	usd
CY2023Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	35	asset
CY2022Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	28	asset
CY2018	rwt	Number Of Partnerships Consolidated NumberOfPartnershipsConsolidated	2	partnership
CY2023Q3	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	2000000	usd
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	4000000	usd
CY2023Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	1476654000	usd
CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	2029679000	usd
CY2023Q3	rwt	Shortterm Debt Pledgedas Collateral ShorttermDebtPledgedasCollateral	1754755000	usd
CY2022Q4	rwt	Shortterm Debt Pledgedas Collateral ShorttermDebtPledgedasCollateral	2299034000	usd
CY2023Q3	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	1020000000.00	usd
	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	1140000000	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	5000000	usd
CY2023Q3	us-gaap	Interest Payable Current InterestPayableCurrent	5000000	usd
CY2023Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	1476654000	usd
CY2023Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1838774000	usd
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1746145000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	12720000	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	1733425000	usd
CY2023Q3	us-gaap	Debt Instrument Collateral Amount DebtInstrumentCollateralAmount	1775977000	usd
CY2022Q4	us-gaap	Debt Instrument Collateral Amount DebtInstrumentCollateralAmount	1379856000	usd
CY2023Q3	rwt	Interest Payable Noncurrent InterestPayableNoncurrent	17024000	usd
CY2022Q4	rwt	Interest Payable Noncurrent InterestPayableNoncurrent	11966000	usd
CY2023Q3	rwt	Lessee Number Of Leases LesseeNumberOfLeases	10	lease
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	18000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	4000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	4000000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1253000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	4554000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3629000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	3520000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	2588000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	1991000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	17535000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1905000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	15630000	usd
CY2023Q3	rwt	Lessee Number Of Office Leases LesseeNumberOfOfficeLeases	1	lease
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	16000000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	13000000	usd
CY2023Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y
CY2023Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.052
CY2018	rwt	Commitment To Fund Partnership Number Of Partnerships CommitmentToFundPartnershipNumberOfPartnerships	2	partnership
CY2023Q3	us-gaap	Guaranty Liabilities GuarantyLiabilities	6000000	usd
CY2023Q3	rwt	Guarantee Obligation Credit Reserve GuaranteeObligationCreditReserve	5000000	usd
CY2023Q3	rwt	Special Purpose Entities Assets SpecialPurposeEntitiesAssets	28000000	usd
CY2022Q4	rwt	Special Purpose Entities Assets SpecialPurposeEntitiesAssets	30000000	usd
CY2022Q4	rwt	Special Purpose Entities Liabilities SpecialPurposeEntitiesLiabilities	6000000	usd
CY2023Q3	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
CY2023Q3	us-gaap	Litigation Reserve LitigationReserve	2000000	usd
CY2023Q3	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.625
	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.85417
CY2023Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1000000	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-32560000	usd
CY2022Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-50411000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-28244000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-119462000	usd
CY2023Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	792000	usd
CY2022Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	1158000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	3072000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	3445000	usd
CY2023Q3	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	-33352000	usd
CY2022Q3	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	-51569000	usd
	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	-31316000	usd
	rwt	Net Income Loss Allocated To Common Stockholders NetIncomeLossAllocatedToCommonStockholders	-122907000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	115465977	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	116087890	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114381548	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	118530172	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.29
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.44
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.27
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.04
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-32560000	usd
CY2022Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-50411000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-28244000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-119462000	usd
CY2023Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	792000	usd
CY2022Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1158000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	3072000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	3445000	usd
CY2023Q3	rwt	Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax	0	usd
CY2022Q3	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
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-33352000	usd
CY2022Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-51569000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-31316000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-122907000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	115465977	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	116087890	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114381548	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	118530172	shares
CY2023Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2022Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2022Q3	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
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	115465977	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	116087890	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	114381548	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118530172	shares
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.29
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.44
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.27
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.04
CY2023Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	30000000	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	9379000	usd
	rwt	Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Valuation Adjustment SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAdjustment	3205000	usd
	rwt	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures	1807000	usd
	rwt	Allocated Sharebased Compensation Expense Including Restructuring AllocatedSharebasedCompensationExpenseIncludingRestructuring	14535000	usd
CY2023Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	30020000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y
CY2023Q3	rwt	Employee Stock Purchase Plan Number Of Shares Authorized EmployeeStockPurchasePlanNumberOfSharesAuthorized	850000	shares
	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	739404	shares
CY2022	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	657777	shares
CY2023Q3	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	19440000	usd
CY2022Q3	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	16535000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	52663000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	2833000	usd
CY2023Q3	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	1747000	usd
CY2022Q3	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	2890000	usd
	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	6173000	usd
	rwt	Mortgage Servicing Rights Income Loss Net MortgageServicingRightsIncomeLossNet	12569000	usd
CY2023Q3	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	1895000	usd
CY2022Q3	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	1489000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6757000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	3952000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1296000	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-352000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1870000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	495000	usd
CY2023Q3	us-gaap	Other Income OtherIncome	2346000	usd
CY2022Q3	us-gaap	Other Income OtherIncome	4027000	usd
	us-gaap	Other Income OtherIncome	11060000	usd
	us-gaap	Other Income OtherIncome	17016000	usd
CY2023Q3	rwt	Fixed Compensation Expense FixedCompensationExpense	12579000	usd
CY2022Q3	rwt	Fixed Compensation Expense FixedCompensationExpense	18626000	usd
	rwt	Fixed Compensation Expense FixedCompensationExpense	40724000	usd
	rwt	Fixed Compensation Expense FixedCompensationExpense	45364000	usd
CY2023Q3	rwt	Variable Compensation Expense VariableCompensationExpense	3383000	usd
CY2022Q3	rwt	Variable Compensation Expense VariableCompensationExpense	3521000	usd
	rwt	Variable Compensation Expense VariableCompensationExpense	10575000	usd
	rwt	Variable Compensation Expense VariableCompensationExpense	8689000	usd
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5013000	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4998000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	19192000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	16190000	usd
CY2023Q3	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	3108000	usd
CY2022Q3	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	3909000	usd
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	9074000	usd
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	10796000	usd
CY2023Q3	rwt	Office Costs OfficeCosts	2131000	usd
CY2022Q3	rwt	Office Costs OfficeCosts	2381000	usd
	rwt	Office Costs OfficeCosts	6460000	usd
	rwt	Office Costs OfficeCosts	6489000	usd
CY2023Q3	us-gaap	Professional Fees ProfessionalFees	1307000	usd
CY2022Q3	us-gaap	Professional Fees ProfessionalFees	1775000	usd
	us-gaap	Professional Fees ProfessionalFees	3402000	usd
	us-gaap	Professional Fees ProfessionalFees	5026000	usd
CY2023Q3	us-gaap	Other General Expense OtherGeneralExpense	959000	usd
CY2022Q3	us-gaap	Other General Expense OtherGeneralExpense	928000	usd
	us-gaap	Other General Expense OtherGeneralExpense	2845000	usd
	us-gaap	Other General Expense OtherGeneralExpense	2792000	usd
CY2023Q3	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1217000	usd
CY2022Q3	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	2106000	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	3785000	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	6373000	usd
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	29697000	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	38244000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	96057000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	101719000	usd
CY2023Q3	rwt	Portfolio Management Costs PortfolioManagementCosts	3661000	usd
CY2022Q3	rwt	Portfolio Management Costs PortfolioManagementCosts	1863000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	10271000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	5208000	usd
CY2023Q3	rwt	Loan Acquisition Costs LoanAcquisitionCosts	1880000	usd
CY2022Q3	rwt	Loan Acquisition Costs LoanAcquisitionCosts	2426000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	4613000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	10371000	usd
CY2023Q3	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	3107000	usd
CY2022Q3	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	3891000	usd
	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	9321000	usd
	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	10731000	usd
CY2023Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1526000	usd
CY2022Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	370000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3971000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1083000	usd
CY2023Q3	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	4633000	usd
CY2022Q3	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	4261000	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	13292000	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	11814000	usd
CY2023Q3	us-gaap	Operating Expenses OperatingExpenses	39871000	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	46794000	usd
	us-gaap	Operating Expenses OperatingExpenses	124233000	usd
	us-gaap	Operating Expenses OperatingExpenses	129112000	usd
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CY2022Q3	us-gaap	Interest Expense InterestExpense	142727000	usd
CY2022Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	34935000	usd
CY2022Q3	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	16535000	usd
CY2022Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-57697000	usd
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CY2023Q3	us-gaap	Goodwill Goodwill	23373000	usd
CY2023Q3	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	31570000	usd
CY2023Q3	us-gaap	Assets Assets	13021138000	usd
CY2022Q4	us-gaap	Marketable Securities MarketableSecurities	240475000	usd
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CY2022Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	40892000	usd
CY2022Q4	us-gaap	Assets Assets	13030899000	usd
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CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

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$RWT
REDWOOD TRUST INC Stock $rwt

2023 Q4 Form 10-Q Financial Statement

#000093023623000038 Filed on November 07, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT REDWOOD TRUST INC Stock $rwt

2023 Q4 Form 10-Q Financial Statement

#000093023623000038 Filed on November 07, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT
REDWOOD TRUST INC Stock $rwt