$RWT
REDWOOD TRUST INC Stock $rwt

$rwt Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000093023624000031 Filed on August 07, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$248.6M	$225.4M
YoY Change	40.42%	25.93%
Cost Of Revenue	$229.5M	$205.0M
YoY Change	43.09%	31.4%
Gross Profit	$29.79M	$36.27M
YoY Change	78.51%	57.69%
Gross Profit Margin	11.98%	16.09%
Selling, General & Admin	$32.52M	$30.58M
YoY Change	18.17%	1.94%
% of Gross Profit	109.16%	84.32%
Research & Development	$3.398M	$3.254M
YoY Change	9.33%	14.02%
% of Gross Profit	11.41%	8.97%
Depreciation & Amortization	$2.816M	$2.846M
YoY Change	-24.89%	-22.35%
% of Gross Profit	9.45%	7.85%
Operating Expenses	$3.398M	$46.99M
YoY Change	-91.48%	213.26%
Operating Profit	$26.40M	-$10.72M
YoY Change	-213.86%	-234.01%
Interest Expense	-$11.99M	$200.1M
YoY Change	-107.65%	-5103.1%
% of Operating Profit	-45.43%
Other Income/Expense, Net	$2.228M	$5.177M
YoY Change	-51.91%	4.06%
Pretax Income	$21.95M	$20.46M
YoY Change	-175.41%	922.9%
Income Tax	$7.128M	$4.924M
% Of Pretax Income	32.47%	24.07%
Net Earnings	$14.83M	$15.53M
YoY Change	-148.12%	1453.4%
Net Earnings / Revenue	5.96%	6.89%
Basic Earnings Per Share	$0.09	$0.10
Diluted Earnings Per Share	$0.09	$0.10
COMMON SHARES
Basic Shares Outstanding	132.2M shares	132.2M shares
Diluted Shares Outstanding	132.4M shares	132.1M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$587.8M	$540.0M
YoY Change	76.29%	51.26%
Cash & Equivalents	$253.7M	$275.6M
Short-Term Investments	$334.1M	$264.4M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$451.4M	$439.7M
YoY Change	44.03%	23.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.140M	$6.650M
YoY Change	-27.36%	-26.06%
Goodwill	$23.37M	$23.37M
YoY Change	0.0%	0.0%
Intangibles	$21.25M	$23.45M
YoY Change	-32.68%	-32.36%
Long-Term Investments	$1.266B	$1.188B
YoY Change	40.48%	25.1%
Other Assets	$112.4M	$103.9M
YoY Change	14.67%	-20.96%
Total Long-Term Assets	$17.98B	$16.05B
YoY Change	41.46%	29.03%
TOTAL ASSETS
Total Short-Term Assets	$451.4M	$439.7M
Total Long-Term Assets	$17.98B	$16.05B
Total Assets	$18.43B	$16.49B
YoY Change	41.52%	28.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.504M	$4.698M
YoY Change	41.76%	62.45%
Accrued Expenses	$232.9M	$200.8M
YoY Change	60.27%	43.52%
Deferred Revenue
YoY Change
Short-Term Debt	$2.042B	$1.276B
YoY Change	38.31%	-12.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.294B	$1.487B
YoY Change	40.93%	2.03%
LONG-TERM LIABILITIES
Long-Term Debt	$14.78B	$13.69B
YoY Change	44.58%	37.15%
Other Long-Term Liabilities	$131.5M	$89.11M
YoY Change	100.03%	-61.42%
Total Long-Term Liabilities	$14.91B	$13.78B
YoY Change	44.94%	34.92%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.294B	$1.487B
Total Long-Term Liabilities	$14.91B	$13.78B
Total Liabilities	$17.20B	$15.27B
YoY Change	44.39%	30.82%
SHAREHOLDERS EQUITY
Retained Earnings	$1.200B	$1.187B
YoY Change	6.63%	2.51%
Common Stock	$2.503B	$2.499B
YoY Change	4.46%	5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.223B	$1.221B
YoY Change
Total Liabilities & Shareholders Equity	$18.43B	$16.49B
YoY Change	41.52%	28.87%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$14.83M	$15.53M
YoY Change	-148.12%	1453.4%
Depreciation, Depletion And Amortization	$2.816M	$2.846M
YoY Change	-24.89%	-22.35%
Cash From Operating Activities	-$2.088B	-$1.966B
YoY Change	134.38%	2406.37%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$635.6M	$551.5M
YoY Change	151.25%	100.16%
Cash From Investing Activities	$635.6M	$551.5M
YoY Change	151.25%	100.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.439B	1.414B
YoY Change	219.19%	-687.18%
NET CHANGE
Cash From Operating Activities	-2.088B	-1.966B
Cash From Investing Activities	635.6M	551.5M
Cash From Financing Activities	1.439B	1.414B
Net Change In Cash	-13.41M	-1.007M
YoY Change	-92.83%	-97.69%
FREE CASH FLOW
Cash From Operating Activities	-$2.088B	-$1.966B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	2800000	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	132215757	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	132215757	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	131485661	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	131485661	shares
CY2024Q2	us-gaap	Noninterest Income NoninterestIncome	42154000	usd
CY2023Q2	us-gaap	Noninterest Income NoninterestIncome	17170000	usd
	us-gaap	Noninterest Income NoninterestIncome	92493000	usd
	us-gaap	Noninterest Income NoninterestIncome	38268000	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	3723966000	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	1838761000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	2600015000	usd
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	635081000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	446451000	usd
CY2024Q2	rwt	Number Of Available For Sale Securities NumberOfAvailableForSaleSecurities	76	investment
CY2024Q2	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	12	investment
CY2023Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2482000	usd
CY2024Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherAssets
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2800000	shares
CY2024Q2	us-gaap	Interest Expense InterestExpense	200124000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	152885000	usd
	us-gaap	Interest Expense InterestExpense	380654000	usd
	us-gaap	Interest Expense InterestExpense	304964000	usd
CY2024Q2	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-2188000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5553000	usd
CY2024Q2	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.6250
CY2024Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1757000	usd
CY2024Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.16
CY2024Q2	us-gaap	Dividends Common Stock DividendsCommonStock	22136000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1220738000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1202693000	usd
	us-gaap	Net Income Loss NetIncomeLoss	45796000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	10625000	usd
	rwt	Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans StockIssuedDuringPeriodValueEmployeeStockPurchasePlansAndOtherIncentivePlans	-2873000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	12250000	usd
	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.2500
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3507000	usd
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.32
	us-gaap	Dividends Common Stock DividendsCommonStock	44246000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1220738000	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 And Warrants Issued During Period Value Preferred Stock And Warrants StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants	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
	us-gaap	Net Income Loss NetIncomeLoss	45796000	usd
	us-gaap	Net Income Loss NetIncomeLoss	7493000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-7823000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-10190000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	6315000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7333000	usd
	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	653699000	usd
	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	360273000	usd
	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	2901465000	usd
	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	242235000	usd
	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	619573000	usd
	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	582346000	usd
	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	30454000	usd
	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	38820000	usd
	rwt	Payments For Proceeds From Derivative Instrument Operating Activities PaymentsForProceedsFromDerivativeInstrumentOperatingActivities	-66475000	usd
	rwt	Payments For Proceeds From Derivative Instrument Operating Activities PaymentsForProceedsFromDerivativeInstrumentOperatingActivities	-17235000	usd
	rwt	Share Based Payment Arrangement Noncash Expense And Other ShareBasedPaymentArrangementNoncashExpenseAndOther	12250000	usd
	rwt	Share Based Payment Arrangement Noncash Expense And Other ShareBasedPaymentArrangementNoncashExpenseAndOther	11542000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	73859000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	17594000	usd
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	408000	usd
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	1054000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-8592000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-3358000	usd
	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	44932000	usd
	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	878000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2920171000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	23569000	usd
	rwt	Payments For Origination Of Loans Held For Investment PaymentsForOriginationOfLoansHeldForInvestment	120341000	usd
	rwt	Payments For Origination Of Loans Held For Investment PaymentsForOriginationOfLoansHeldForInvestment	455665000	usd
	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	52163000	usd
	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	0	usd
	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	1049264000	usd
	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	725687000	usd
	rwt	Payments To Acquire Real Estate Securities PaymentsToAcquireRealEstateSecurities	111060000	usd
	rwt	Payments To Acquire Real Estate Securities PaymentsToAcquireRealEstateSecurities	9855000	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	0	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	98338000	usd
	rwt	Proceeds From Principal Repayments On Securities ProceedsFromPrincipalRepaymentsOnSecurities	669000	usd
	rwt	Proceeds From Principal Repayments On Securities ProceedsFromPrincipalRepaymentsOnSecurities	637000	usd
	rwt	Repayments Of Servicing Advance Investments RepaymentsOfServicingAdvanceInvestments	8959000	usd
	rwt	Repayments Of Servicing Advance Investments RepaymentsOfServicingAdvanceInvestments	37268000	usd
	rwt	Payments To Acquire Home Equity Investment Contracts PaymentsToAcquireHomeEquityInvestmentContracts	606000	usd
	rwt	Payments To Acquire Home Equity Investment Contracts PaymentsToAcquireHomeEquityInvestmentContracts	25513000	usd
	rwt	Proceeds From Payments For Home Equity Contracts Net ProceedsFromPaymentsForHomeEquityContractsNet	27272000	usd
	rwt	Proceeds From Payments For Home Equity Contracts Net ProceedsFromPaymentsForHomeEquityContractsNet	17031000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	4541000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1677000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	901779000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	386251000	usd
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	3910021000	usd
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	1345019000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	732726000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	13734000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1329000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3106000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3017000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	233000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	312000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	66923000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	44246000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	46700000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3507000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1699000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1720000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1988984000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-292342000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-29408000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	117478000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	368788000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	329364000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	339380000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	446842000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	275581000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	357308000	usd
CY2024Q2	us-gaap	Restricted Cash RestrictedCash	63799000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	89534000	usd
	us-gaap	Interest Paid Net InterestPaidNet	366088000	usd
	us-gaap	Interest Paid Net InterestPaidNet	287699000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-370000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-1049000	usd
	rwt	Dividends Declared But Not Paid On Preferred Stock DividendsDeclaredButNotPaidOnPreferredStock	1478000	usd
	rwt	Dividends Declared But Not Paid On Preferred Stock DividendsDeclaredButNotPaidOnPreferredStock	1478000	usd
	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	84000	usd
	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	0	usd
	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	2818171000	usd
	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	1137194000	usd
	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	13833000	usd
	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	11874000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	337000	usd
	rwt	Operating Lease Liability Reduction From Lease Modification OperatingLeaseLiabilityReductionFromLeaseModification	0	usd
	rwt	Operating Lease Liability Reduction From Lease Modification OperatingLeaseLiabilityReductionFromLeaseModification	274000	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 consumer and residential investor 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 Consumer Mortgage Banking, Residential Investor 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 portfolios. </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, 2023.</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	Number Of Operating Segments NumberOfOperatingSegments	3	segment
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2024Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	225417000	usd
CY2024Q2	us-gaap	Interest Expense Operating InterestExpenseOperating	200124000	usd
CY2024Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	25293000	usd
CY2024Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	18924000	usd
CY2024Q2	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	1098000	usd
CY2024Q2	rwt	Hei Fair Value Changes Net HEIFairValueChangesNet	15839000	usd
CY2024Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	6293000	usd
CY2024Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	0	usd
CY2024Q2	us-gaap	Noninterest Income NoninterestIncome	42154000	usd
CY2024Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	33284000	usd
CY2024Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	4864000	usd
CY2024Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	3664000	usd
CY2024Q2	us-gaap	Other Expenses OtherExpenses	5177000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4924000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	15534000	usd
CY2024Q2	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-5823000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	430157000	usd
	us-gaap	Interest Expense Operating InterestExpenseOperating	380654000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	49503000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	33480000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	22935000	usd
	rwt	Hei Fair Value Changes Net HEIFairValueChangesNet	24870000	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	10799000	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	409000	usd
	us-gaap	Noninterest Income NoninterestIncome	92493000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	67853000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	8461000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	5901000	usd
	us-gaap	Other Expenses OtherExpenses	8538000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5447000	usd
	us-gaap	Net Income Loss NetIncomeLoss	45796000	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	-14137000	usd
CY2023Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	178981000	usd
CY2023Q2	us-gaap	Interest Expense Operating InterestExpenseOperating	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	-13517000	usd
CY2023Q2	rwt	Hei Fair Value Changes Net HEIFairValueChangesNet	8921000	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 Operating InterestExpenseOperating	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	-17909000	usd
	rwt	Hei Fair Value Changes Net HEIFairValueChangesNet	13186000	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
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2024Q2	us-gaap	Marketable Securities MarketableSecurities	264401000	usd
CY2024Q2	rwt	Home Equity Investments HomeEquityInvestments	574119000	usd
CY2024Q2	us-gaap	Other Investments OtherInvestments	349906000	usd
CY2024Q2	us-gaap	Goodwill Goodwill	23373000	usd
CY2024Q2	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	23454000	usd
CY2024Q2	us-gaap	Assets Assets	16491104000	usd
CY2023Q4	us-gaap	Marketable Securities MarketableSecurities	127797000	usd
CY2023Q4	rwt	Home Equity Investments HomeEquityInvestments	550436000	usd
CY2023Q4	us-gaap	Other Investments OtherInvestments	343930000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	23373000	usd
CY2023Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	28462000	usd
CY2023Q4	us-gaap	Assets Assets	14504327000	usd
CY2024Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	18924000	usd
CY2023Q2	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	16552000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	33480000	usd
	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	33223000	usd
CY2024Q2	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	29839000	usd
CY2023Q2	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	6324000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	73859000	usd
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	17594000	usd
CY2024Q2	us-gaap	Servicing Asset At Amortized Value ServicingAssetAtAmortizedValue	946000000	usd
CY2024Q2	us-gaap	Trading Securities TradingSecurities	119624000	usd
CY2023Q4	us-gaap	Trading Securities TradingSecurities	40424000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	144777000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	87373000	usd
CY2024Q2	us-gaap	Marketable Securities MarketableSecurities	264401000	usd
CY2023Q4	us-gaap	Marketable Securities MarketableSecurities	127797000	usd
CY2024Q2	us-gaap	Trading Securities TradingSecurities	119624000	usd
CY2023Q4	us-gaap	Trading Securities TradingSecurities	40424000	usd
CY2024Q2	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	16098000	usd
CY2023Q4	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	16567000	usd
CY2024Q2	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	16092000	usd
CY2023Q2	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	6183000	usd
	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	63618000	usd
	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	7883000	usd
CY2024Q2	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	0	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	51578000	usd
	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	0	usd
	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	55087000	usd
CY2024Q2	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	1600000	usd
CY2023Q2	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	6495000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	16075000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	8456000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	144777000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	87373000	usd
CY2024Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	33386000	usd
CY2023Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	1979000	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	47442000	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	1979000	usd
CY2024Q2	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	40574000	usd
	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
CY2024Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	1054000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-688000	usd
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	9710000	usd
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	4319000	usd
CY2024Q2	rwt	Debt Securities Available For Sale Principal Balance DebtSecuritiesAvailableForSalePrincipalBalance	200545000	usd
CY2024Q2	rwt	Debt Securities Available For Sale Credit Reserve DebtSecuritiesAvailableForSaleCreditReserve	19019000	usd
CY2024Q2	rwt	Debt Securities Available For Sale Unamortized Discounts Premiums DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums	54197000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	127329000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	24136000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	5349000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	1339000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	144777000	usd
CY2023Q4	rwt	Debt Securities Available For Sale Principal Balance DebtSecuritiesAvailableForSalePrincipalBalance	149956000	usd
CY2023Q4	rwt	Debt Securities Available For Sale Credit Reserve DebtSecuritiesAvailableForSaleCreditReserve	23436000	usd
CY2023Q4	rwt	Debt Securities Available For Sale Unamortized Discounts Premiums DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums	46885000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	79635000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	16973000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	6753000	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	2482000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	87373000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Number Of Positions DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions	16	investment
CY2023Q4	rwt	Number Of Available For Sale Securities NumberOfAvailableForSaleSecurities	66	investment
CY2023Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Number Of Positions DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions	21	investment
CY2023Q4	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	19	investment
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	5000000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	1000000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	1853000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	0	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	0	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal	-514000	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal	-1143000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Securities Sold DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold	0	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Securities Sold DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold	0	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	1339000	usd
CY2024Q2	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss	1339000	usd
	rwt	Number Of Securitization Transactions Co Sponsored NumberOfSecuritizationTransactionsCoSponsored	2	transaction
CY2024Q2	rwt	Home Equity Investments HomeEquityInvestments	574119000	usd
CY2023Q4	rwt	Home Equity Investments HomeEquityInvestments	550436000	usd
CY2024Q2	rwt	Net Market Valuation Recorded Gain Losses Income Net NetMarketValuationRecordedGainLossesIncomeNet	15839000	usd
CY2023Q2	rwt	Net Market Valuation Recorded Gain Losses Income Net NetMarketValuationRecordedGainLossesIncomeNet	8921000	usd
	rwt	Net Market Valuation Recorded Gain Losses Income Net NetMarketValuationRecordedGainLossesIncomeNet	24870000	usd
	rwt	Net Market Valuation Recorded Gain Losses Income Net NetMarketValuationRecordedGainLossesIncomeNet	13186000	usd
CY2024Q2	us-gaap	Other Investments OtherInvestments	349906000	usd
CY2023Q4	us-gaap	Other Investments OtherInvestments	343930000	usd
	rwt	Number Of Partnerships Consolidated NumberOfPartnershipsConsolidated	2	partnership
CY2024Q2	rwt	Servicing Asset Receivable ServicingAssetReceivable	175628000	usd
CY2023Q4	rwt	Servicing Asset Receivable ServicingAssetReceivable	184587000	usd
CY2024Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	42563000	usd
CY2024Q2	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	6090769000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-19616000	usd
CY2023Q4	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	2628677000	usd
CY2024Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	620809000	usd
CY2024Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	usd
CY2024Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	620809000	usd
CY2024Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	617771000	usd
CY2024Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	3038000	usd
CY2024Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	0	usd
CY2023Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	502314000	usd
CY2023Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	usd
CY2023Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	502314000	usd
CY2023Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	472852000	usd
CY2023Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	28878000	usd
CY2023Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	584000	usd
CY2024Q2	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	99885000	usd
CY2023Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	93599000	usd
CY2024Q2	us-gaap	Interest Receivable InterestReceivable	92018000	usd
CY2023Q4	us-gaap	Interest Receivable InterestReceivable	69072000	usd
CY2024Q2	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	62372000	usd
CY2023Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	67302000	usd
CY2024Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	40116000	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	40115000	usd
CY2024Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	23454000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	28462000	usd
CY2024Q2	us-gaap	Goodwill Goodwill	23373000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	23373000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	10621000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	12532000	usd
CY2024Q2	us-gaap	Margin Deposit Assets MarginDepositAssets	9758000	usd
CY2023Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	33414000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6650000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7829000	usd
CY2024Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	34934000	usd
CY2023Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	27246000	usd
CY2024Q2	us-gaap	Other Assets OtherAssets	403181000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	402944000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18000000	usd
CY2024Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	11000000	usd
CY2023Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	93599000	usd
	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	13833000	usd
	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	2461000	usd
	us-gaap	Principal Investment Gains Losses PrincipalInvestmentGainsLosses	-5086000	usd
CY2024Q2	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	99885000	usd
	rwt	Realized Gain Loss From Liquidation RealizedGainLossFromLiquidation	-3000000	usd
CY2024Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	46	asset
CY2023Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	45	asset
CY2019	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	95000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	4406000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	8426000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	6694000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1571000	usd
CY2024Q2	rwt	Finite Lived Intangible Asset Expected Amortization Year Four And Thereafter FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter	2357000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	23454000	usd
CY2024Q2	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	97215000	usd
CY2023Q4	us-gaap	Minority Interest In Limited Partnerships MinorityInterestInLimitedPartnerships	81177000	usd
CY2024Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	60060000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	52755000	usd
CY2024Q2	rwt	Margin Payable MarginPayable	44583000	usd
CY2023Q4	rwt	Margin Payable MarginPayable	350000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	21570000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	28140000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	12656000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	14725000	usd
CY2024Q2	rwt	Accrued Operating Expenses AccruedOperatingExpenses	9321000	usd
CY2023Q4	rwt	Accrued Operating Expenses AccruedOperatingExpenses	5527000	usd
CY2024Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	4698000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4992000	usd
CY2024Q2	us-gaap	Guaranty Liabilities GuarantyLiabilities	4649000	usd
CY2023Q4	us-gaap	Guaranty Liabilities GuarantyLiabilities	5781000	usd
CY2024Q2	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	4078000	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	0	usd
CY2024Q2	rwt	Unsettled Trade Liabilities Current UnsettledTradeLiabilitiesCurrent	3859000	usd
CY2023Q4	rwt	Unsettled Trade Liabilities Current UnsettledTradeLiabilitiesCurrent	0	usd
CY2024Q2	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	3631000	usd
CY2023Q4	rwt	Mortgage Loan On Real Estate Repurchase Reserve MortgageLoanOnRealEstateRepurchaseReserve	4700000	usd
CY2024Q2	rwt	Bridge Loan Holdback BridgeLoanHoldback	2148000	usd
CY2023Q4	rwt	Bridge Loan Holdback BridgeLoanHoldback	2059000	usd
CY2024Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1478000	usd
CY2023Q4	rwt	Dividends Payable Preferred Stock DividendsPayablePreferredStock	1478000	usd
CY2024Q2	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	24290000	usd
CY2023Q4	rwt	Other Liabilities Miscellaneous OtherLiabilitiesMiscellaneous	15119000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	294236000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	216803000	usd
CY2018	rwt	Number Of Partnerships Consolidated NumberOfPartnershipsConsolidated	2	partnership
CY2024Q2	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	3000000	usd
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	4000000	usd
CY2021	rwt	Number Of Securitization Transactions Co Sponsored NumberOfSecuritizationTransactionsCoSponsored	2	transaction
CY2023	rwt	Number Of Securitization Transactions Co Sponsored NumberOfSecuritizationTransactionsCoSponsored	2	transaction
CY2021Q4	rwt	Number Of Securitization Transactions Co Sponsored NumberOfSecuritizationTransactionsCoSponsored	2	transaction
CY2023Q4	rwt	Number Of Securitization Transactions Co Sponsored NumberOfSecuritizationTransactionsCoSponsored	2	transaction
	rwt	Securitization Entity SecuritizationEntity	2	securitization_entity
	rwt	Securitization Entity SecuritizationEntity	2	securitization_entity
CY2024Q2	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	3434945000	usd
CY2024Q2	us-gaap	Debt Instrument Collateral Amount DebtInstrumentCollateralAmount	3700905000	usd
CY2023Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	3249158000	usd
CY2023Q4	us-gaap	Debt Instrument Collateral Amount DebtInstrumentCollateralAmount	3405564000	usd
CY2024Q2	rwt	Lessee Number Of Leases LesseeNumberOfLeases	8	lease
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	14000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	2000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	3000000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	2224000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	3687000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3520000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	2588000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1122000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	869000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	14010000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1354000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	12656000	usd
CY2024Q2	rwt	Lessee Number Of Office Leases LesseeNumberOfOfficeLeases	0	lease
CY2024Q2	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P1Y
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	13000000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	11000000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.053
	rwt	Mortgage Loans On Real Estate Repurchase Provision MortgageLoansOnRealEstateRepurchaseProvision	1000000	usd
	rwt	Mortgage Loans On Real Estate Repurchase Provision MortgageLoansOnRealEstateRepurchaseProvision	1000000	usd
CY2024Q2	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.625
	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	1.2500
CY2024Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1000000	usd
CY2024Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	7.76
CY2024Q1	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	800000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	13777000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1115000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	42289000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4316000	usd
CY2024Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	985000	usd
CY2023Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	876000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2028000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2280000	usd
CY2024Q2	us-gaap	Undistributed Earnings UndistributedEarnings	12792000	usd
CY2023Q2	us-gaap	Undistributed Earnings UndistributedEarnings	239000	usd
	us-gaap	Undistributed Earnings UndistributedEarnings	40261000	usd
	us-gaap	Undistributed Earnings UndistributedEarnings	2036000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132115854	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114051017	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	131843100	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113830347	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.10
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.31
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	13777000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	1115000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	42289000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	4316000	usd
CY2024Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	985000	usd
CY2023Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	876000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2028000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2280000	usd
CY2024Q2	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	12792000	usd
CY2023Q2	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	239000	usd
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	40261000	usd
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	2036000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	132115854	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114051017	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	131843100	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	113830347	shares
CY2024Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	7848	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	394245	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3924	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	424945	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2023Q2	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
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132123702	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	114445262	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	131847024	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	114255292	shares
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.31
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2024Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	36000000	usd
CY2023Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	37605000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	11578000	usd
	rwt	Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Valuation Adjustment SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAdjustment	0	usd
	rwt	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures	1754000	usd
	rwt	Allocated Sharebased Compensation Expense Including Restructuring AllocatedSharebasedCompensationExpenseIncludingRestructuring	11154000	usd
CY2024Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	36275000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y
CY2024Q2	rwt	Employee Stock Purchase Plan Number Of Shares Authorized EmployeeStockPurchasePlanNumberOfSharesAuthorized	1100000	shares
	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	805906	shares
CY2023	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	763369	shares
CY2024Q2	rwt	Fixed Compensation Expense FixedCompensationExpense	13073000	usd
CY2023Q2	rwt	Fixed Compensation Expense FixedCompensationExpense	12786000	usd
	rwt	Fixed Compensation Expense FixedCompensationExpense	29330000	usd
	rwt	Fixed Compensation Expense FixedCompensationExpense	28145000	usd
CY2024Q2	rwt	Variable Compensation Expense VariableCompensationExpense	4051000	usd
CY2023Q2	rwt	Variable Compensation Expense VariableCompensationExpense	3187000	usd
	rwt	Variable Compensation Expense VariableCompensationExpense	6968000	usd
	rwt	Variable Compensation Expense VariableCompensationExpense	7192000	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7338000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	6237000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	13825000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14179000	usd
CY2024Q2	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	3254000	usd
CY2023Q2	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	2854000	usd
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	6455000	usd
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	5966000	usd
CY2024Q2	rwt	Office Costs OfficeCosts	2076000	usd
CY2023Q2	rwt	Office Costs OfficeCosts	2289000	usd
	rwt	Office Costs OfficeCosts	4158000	usd
	rwt	Office Costs OfficeCosts	4329000	usd
CY2024Q2	us-gaap	Professional Fees ProfessionalFees	789000	usd
CY2023Q2	us-gaap	Professional Fees ProfessionalFees	1176000	usd
	us-gaap	Professional Fees ProfessionalFees	2006000	usd
	us-gaap	Professional Fees ProfessionalFees	2095000	usd
CY2024Q2	us-gaap	Other General Expense OtherGeneralExpense	985000	usd
CY2023Q2	us-gaap	Other General Expense OtherGeneralExpense	957000	usd
	us-gaap	Other General Expense OtherGeneralExpense	1857000	usd
	us-gaap	Other General Expense OtherGeneralExpense	1886000	usd
CY2024Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1718000	usd
CY2023Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1319000	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	3254000	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	2568000	usd
CY2024Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	33284000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30805000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	67853000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	66360000	usd
CY2024Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	4864000	usd
CY2023Q2	rwt	Portfolio Management Costs PortfolioManagementCosts	3100000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	8461000	usd
	rwt	Portfolio Management Costs PortfolioManagementCosts	6610000	usd
CY2024Q2	rwt	Commissions On Loan Acquisitions CommissionsOnLoanAcquisitions	1571000	usd
CY2023Q2	rwt	Commissions On Loan Acquisitions CommissionsOnLoanAcquisitions	1023000	usd
	rwt	Commissions On Loan Acquisitions CommissionsOnLoanAcquisitions	2452000	usd
	rwt	Commissions On Loan Acquisitions CommissionsOnLoanAcquisitions	1851000	usd
CY2024Q2	rwt	Underwriting Costs Associated With Loan Acquisitions UnderwritingCostsAssociatedWithLoanAcquisitions	1039000	usd
CY2023Q2	rwt	Underwriting Costs Associated With Loan Acquisitions UnderwritingCostsAssociatedWithLoanAcquisitions	219000	usd
	rwt	Underwriting Costs Associated With Loan Acquisitions UnderwritingCostsAssociatedWithLoanAcquisitions	1721000	usd
	rwt	Underwriting Costs Associated With Loan Acquisitions UnderwritingCostsAssociatedWithLoanAcquisitions	461000	usd
CY2024Q2	rwt	Transfer And Hold Costs Associated With Loan Acquisitions TransferAndHoldCostsAssociatedWithLoanAcquisitions	1054000	usd
CY2023Q2	rwt	Transfer And Hold Costs Associated With Loan Acquisitions TransferAndHoldCostsAssociatedWithLoanAcquisitions	202000	usd
	rwt	Transfer And Hold Costs Associated With Loan Acquisitions TransferAndHoldCostsAssociatedWithLoanAcquisitions	1728000	usd
	rwt	Transfer And Hold Costs Associated With Loan Acquisitions TransferAndHoldCostsAssociatedWithLoanAcquisitions	421000	usd
CY2024Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	3664000	usd
CY2023Q2	rwt	Loan Acquisition Costs LoanAcquisitionCosts	1444000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	5901000	usd
	rwt	Loan Acquisition Costs LoanAcquisitionCosts	2733000	usd
CY2024Q2	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	2202000	usd
CY2023Q2	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	3107000	usd
	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	5007000	usd
	rwt	Amortizationof Purchase Related Intangible Assets AmortizationofPurchaseRelatedIntangibleAssets	6214000	usd
CY2024Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2975000	usd
CY2023Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1868000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3531000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2445000	usd
CY2024Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	5177000	usd
CY2023Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	4975000	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	8538000	usd
	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	8659000	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	46989000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	40324000	usd
	us-gaap	Operating Expenses OperatingExpenses	90753000	usd
	us-gaap	Operating Expenses OperatingExpenses	84362000	usd
	us-gaap	Severance Costs1 SeveranceCosts1	2000000	usd
	us-gaap	Severance Costs1 SeveranceCosts1	1000000	usd
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1000000	usd
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1000000	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	0.019
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.002
	rwt	Effective Tax Rate Reconciliation Deduction Permanent Differences EffectiveTaxRateReconciliationDeductionPermanentDifferences	-0.003
	rwt	Effective Tax Rate Reconciliation Deduction Permanent Differences EffectiveTaxRateReconciliationDeductionPermanentDifferences	0.049
	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	0.126
	us-gaap	Effective Income Tax Rate Reconciliation Tax Exempt Income EffectiveIncomeTaxRateReconciliationTaxExemptIncome	0.323
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.106
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.164
CY2024Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	117000000	usd
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	40000000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

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$RWT
REDWOOD TRUST INC Stock $rwt

2024 Q3 Form 10-Q Financial Statement

#000093023624000031 Filed on August 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT REDWOOD TRUST INC Stock $rwt

2024 Q3 Form 10-Q Financial Statement

#000093023624000031 Filed on August 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT
REDWOOD TRUST INC Stock $rwt