$RWT
REDWOOD TRUST INC Stock $rwt

$rwt Overview Financials Valuation SEC Filings Company Website

2012 Q1 Form 10-Q Financial Statement

#000119312512218364 Filed on May 08, 2012

Income Statement

Concept	2012 Q1	2011 Q1
Revenue	$58.74M	$54.33M
YoY Change	8.11%	-7.44%
Cost Of Revenue	$4.200M	$2.500M
YoY Change	68.0%	127.27%
Gross Profit	$54.50M	$51.80M
YoY Change	5.21%	-10.07%
Gross Profit Margin	92.78%	95.34%
Selling, General & Admin	$13.80M	$11.10M
YoY Change	24.32%	-34.32%
% of Gross Profit	25.32%	21.43%
Research & Development	$1.181M	$1.939M
YoY Change	-39.09%
% of Gross Profit	2.17%	3.74%
Depreciation & Amortization	$900.0K	$300.0K
YoY Change	200.0%	50.0%
% of Gross Profit	1.65%	0.58%
Operating Expenses	$14.63M	$11.51M
YoY Change	27.1%	-78.36%
Operating Profit	$39.87M	$40.29M
YoY Change	-1.04%	815.59%
Interest Expense	$30.66M	$21.97M
YoY Change	39.52%	-50.4%
% of Operating Profit	76.9%	54.54%
Other Income/Expense, Net
YoY Change
Pretax Income	$30.47M	$16.16M
YoY Change	88.51%	-65.54%
Income Tax	$8.000K	$14.00K
% Of Pretax Income	0.03%	0.09%
Net Earnings	$30.46M	$18.17M
YoY Change	67.7%	-61.19%
Net Earnings / Revenue	51.86%	33.43%
Basic Earnings Per Share	$0.38	$0.23
Diluted Earnings Per Share	$0.37	$0.22
COMMON SHARES
Basic Shares Outstanding	78.40M shares	78.03M shares
Diluted Shares Outstanding	79.89M shares	79.37M shares

Balance Sheet

Concept	2012 Q1	2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.412B	$220.0M
YoY Change	541.69%	-9.09%
Cash & Equivalents	$149.6M	$220.3M
Short-Term Investments	$1.262B
Other Short-Term Assets	$1.000M	$1.000M
YoY Change	0.0%	0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$163.0M	$228.0M
YoY Change	-28.51%	-7.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.104M	$3.000M
YoY Change	-63.2%	-25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.454B	$1.166B
YoY Change	24.7%	-75.75%
Other Assets	$23.00M	$46.00M
YoY Change	-50.0%	-52.58%
Total Long-Term Assets	$5.209B	$5.055B
YoY Change	3.04%	2.15%
TOTAL ASSETS
Total Short-Term Assets	$163.0M	$228.0M
Total Long-Term Assets	$5.209B	$5.055B
Total Assets	$5.372B	$5.283B
YoY Change	1.68%	1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$22.00M	$15.00M
YoY Change	46.67%	-86.24%
Deferred Revenue
YoY Change
Short-Term Debt	$441.0M	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$463.0M	$35.00M
YoY Change	1222.86%	-72.66%
LONG-TERM LIABILITIES
Long-Term Debt	$3.843B	$4.097B
YoY Change	-6.2%	3.02%
Other Long-Term Liabilities	$104.0M	$70.00M
YoY Change	48.57%	-11.39%
Total Long-Term Liabilities	$3.947B	$4.167B
YoY Change	-5.28%	2.74%
TOTAL LIABILITIES
Total Short-Term Liabilities	$463.0M	$35.00M
Total Long-Term Liabilities	$3.947B	$4.167B
Total Liabilities	$4.410B	$4.201B
YoY Change	4.96%	0.08%
SHAREHOLDERS EQUITY
Retained Earnings	$531.7M
YoY Change
Common Stock	$1.703B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$962.3M	$1.075B
YoY Change
Total Liabilities & Shareholders Equity	$5.372B	$5.283B
YoY Change	1.69%	1.69%

Cashflow Statement

Concept	2012 Q1	2011 Q1
OPERATING ACTIVITIES
Net Income	$30.46M	$18.17M
YoY Change	67.7%	-61.19%
Depreciation, Depletion And Amortization	$900.0K	$300.0K
YoY Change	200.0%	50.0%
Cash From Operating Activities	-$233.7M	$17.21M
YoY Change	-1457.81%	-72.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$305.0M	$66.00M
YoY Change	362.12%	-19.12%
Cash From Investing Activities	$305.0M	$65.95M
YoY Change	362.49%	-19.18%
FINANCING ACTIVITIES
Cash Dividend Paid	$20.23M	$20.12M
YoY Change	0.55%
Common Stock Issuance & Retirement, Net	-$24.00K	$170.0K
YoY Change	-114.12%	70.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-189.0M	90.18M
YoY Change	-309.55%	-162.49%
NET CHANGE
Cash From Operating Activities	-233.7M	17.21M
Cash From Investing Activities	305.0M	65.95M
Cash From Financing Activities	-189.0M	90.18M
Net Change In Cash	-117.6M	173.3M
YoY Change	-167.85%	-15858.09%
FREE CASH FLOW
Cash From Operating Activities	-$233.7M	$17.21M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2007Q4	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	5000000	shares
CY2012Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	79055468	shares
CY2011Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	100948000
CY2011Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	220276000
CY2011Q1	us-gaap	Stockholders Equity StockholdersEquity	1074811000
CY2011Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1081851000
CY2012Q1	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses1 AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses1	8391000
CY2012Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	380779	shares
CY2012Q1	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses1 AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses1	6847000
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1820000
CY2012Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	17799000
CY2012Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	4005985	shares
CY2012Q1	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	7478000
CY2012Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	41856000
CY2012Q1	us-gaap	Marketable Securities MarketableSecurities	1262156000
CY2012Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1179000
CY2012Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	531746000
CY2012Q1	us-gaap	Interest Payable Current InterestPayableCurrent	600000
CY2012Q1	us-gaap	Other Assets OtherAssets	76145000
CY2012Q1	us-gaap	Margin Deposit Assets MarginDepositAssets	52072000
CY2012Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	3985463000
CY2012Q1	us-gaap	Assets Assets	5372087000
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1776000
CY2012Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7774000
CY2012Q1	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	871860000
CY2012Q1	us-gaap	Common Stock Value CommonStockValue	788000
CY2012Q1	us-gaap	Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	102	Investment
CY2012Q1	us-gaap	Minority Interest MinorityInterest
CY2012Q1	us-gaap	Availableforsale Securities Gross Unrealized Gain AvailableforsaleSecuritiesGrossUnrealizedGain	109919000
CY2012Q1	us-gaap	Trading Securities TradingSecurities	295615000
CY2012Q1	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0.0192	pure
CY2012Q1	us-gaap	Principal Amount Outstanding On Loans Securitized PrincipalAmountOutstandingOnLoansSecuritized	743000000
CY2012Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	78756319	shares
CY2012Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	1562000
CY2012Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	2568000
CY2012Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	55786000
CY2012Q1	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-52826000
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CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	149558000
CY2012Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	13983000
CY2012Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	10499000
CY2012Q1	us-gaap	Interest Receivable InterestReceivable	16213000
CY2012Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	239014000
CY2012Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	3770197000
CY2012Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	103826000
CY2012Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	94682000
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1779000
CY2012Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	394404	shares
CY2012Q1	us-gaap	Notional Amount Of Interest Rate Derivative Instruments Not Designated As Hedging Instruments NotionalAmountOfInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments	20000000
CY2012Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5372087000
CY2012Q1	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	5498000
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	1518000
CY2012Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1702412000
CY2012Q1	us-gaap	Stockholders Equity StockholdersEquity	962257000
CY2012Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	78756319	shares
CY2012Q1	us-gaap	Available For Sale Securities Gross Unrealized Losses1 AvailableForSaleSecuritiesGrossUnrealizedLosses1	15238000
CY2012Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	440965000
CY2012Q1	us-gaap	Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet	1000000
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	2213000
CY2012Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1104000
CY2012Q1	us-gaap	Loans And Leases Receivable Net Reported Amount Consumer LoansAndLeasesReceivableNetReportedAmountConsumer	3651058000
CY2012Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	15795000
CY2012Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2012Q1	us-gaap	Liabilities Liabilities	4409830000
CY2012Q1	us-gaap	Loans And Leases Receivable Net Reported Amount Commercial LoansAndLeasesReceivableNetReportedAmountCommercial	190518000
CY2012Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1393000
CY2012Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	4684000
CY2012Q1	us-gaap	Derivative Assets DerivativeAssets	3185000
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CY2012Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	966541000
CY2012Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	7459000
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CY2012Q1	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	27	Investment
CY2012Q1	rwt	Minimum Percentage Of Taxable Income Distribution To Shareholders MinimumPercentageOfTaxableIncomeDistributionToShareholders	0.90	pure
CY2012Q1	rwt	Number Of Available For Sale Securities NumberOfAvailableForSaleSecurities	402	Investment
CY2012Q1	rwt	Percentage Of Real Estate Owned PercentageOfRealEstateOwned	0.75	pure
CY2012Q1	rwt	Percentage Difference Of Internal Valuation Than Dealer Marks PercentageDifferenceOfInternalValuationThanDealerMarks	0.05	pure
CY2012Q1	rwt	Available For Sale Securities Unamortized Discounts Premiums AvailableForSaleSecuritiesUnamortizedDiscountsPremiums	244184000
CY2012Q1	rwt	Available For Sale Securities Credit Reserve AvailableForSaleSecuritiesCreditReserve	276530000
CY2012Q1	rwt	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Amortized Cost AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost	247405000
CY2012Q1	rwt	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Amortized Cost AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost	62633000
CY2012Q1	rwt	Available For Sale Securities Principal Balance AvailableForSaleSecuritiesPrincipalBalance	1392574000
CY2012Q1	rwt	Percentage Of Dealer Quotes Received On Securities PercentageOfDealerQuotesReceivedOnSecurities	0.74	pure
CY2010Q4	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	121016000
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CY2010Q4	us-gaap	Stockholders Equity StockholdersEquity	1064753000
CY2010Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1075592000
CY2011Q4	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses1 AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses1	22014000
CY2011Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	380779	shares
CY2011Q4	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses1 AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses1	11194000
CY2011Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	20869000
CY2011Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	1741000
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CY2011Q4	us-gaap	Marketable Securities MarketableSecurities	981837000
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CY2011Q4	us-gaap	Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	139	Investment
CY2011Q4	us-gaap	Minority Interest MinorityInterest
CY2011Q4	us-gaap	Availableforsale Securities Gross Unrealized Gain AvailableforsaleSecuritiesGrossUnrealizedGain	87112000
CY2011Q4	us-gaap	Trading Securities TradingSecurities	253142000
CY2011Q4	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0.0192	pure
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CY2011Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	298634	shares
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5743298000
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CY2011Q4	us-gaap	Loans And Leases Receivable Net Reported Amount Commercial LoansAndLeasesReceivableNetReportedAmountCommercial	169855000
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CY2011Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	728695000
CY2011Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	8083000
CY2011Q4	rwt	Cumulative Distributions To Stockholders CumulativeDistributionsToStockholders	1294313000
CY2011Q4	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	26	Investment
CY2011Q4	rwt	Number Of Available For Sale Securities NumberOfAvailableForSaleSecurities	425	Investment
CY2011Q4	rwt	Available For Sale Securities Unamortized Discounts Premiums AvailableForSaleSecuritiesUnamortizedDiscountsPremiums	239387000
CY2011Q4	rwt	Available For Sale Securities Credit Reserve AvailableForSaleSecuritiesCreditReserve	295990000
CY2011Q4	rwt	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Amortized Cost AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost	242746000
CY2011Q4	rwt	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Amortized Cost AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost	76335000
CY2011Q4	rwt	Available For Sale Securities Principal Balance AvailableForSaleSecuritiesPrincipalBalance	1210168000
CY2011	rwt	Number Of Facilities NumberOfFacilities	7	Contract
CY2011	rwt	Debt Instrument Average Maturity Term DebtInstrumentAverageMaturityTerm	P240D
CY2011Q1	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	7313000
CY2011Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2074000
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CY2011Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-2015000
CY2011Q1	us-gaap	Cash Flow Hedge Loss Reclassified To Interest Expense CashFlowHedgeLossReclassifiedToInterestExpense	1000000
CY2011Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	65952000
CY2011Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	2622000
CY2011Q1	us-gaap	Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment	15080000
CY2011Q1	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	3864000
CY2011Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4539000
CY2011Q1	us-gaap	Other Comprehensive Income Reclassification Adjustment For Write Down Of Securities Included In Net Income Net Of Tax OtherComprehensiveIncomeReclassificationAdjustmentForWriteDownOfSecuritiesIncludedInNetIncomeNetOfTax	-1770000
CY2011Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	-0.411	pure
CY2011Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1695000
CY2011Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	18000
CY2011Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	-26000
CY2011Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	110896000
CY2011Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	54333000
CY2011Q1	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	9520000
CY2011Q1	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	4916000
CY2011Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17209000
CY2011Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	27938000
CY2011Q1	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	1225000
CY2011Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	31234000
CY2011Q1	us-gaap	Professional Fees ProfessionalFees	636000
CY2011Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	16164000
CY2011Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	1939000
CY2011Q1	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	3358000
CY2011Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2074000
CY2011Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.22
CY2011Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	396000
CY2011Q1	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	48000000
CY2011Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	13223000
CY2011Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	3864000
CY2011Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	14312000
CY2011Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-2244000
CY2011Q1	us-gaap	Interest Expense InterestExpense	21972000
CY2011Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	3890000
CY2011Q1	us-gaap	Payments To Acquire Loans And Leases Held For Investment PaymentsToAcquireLoansAndLeasesHeldForInvestment	112742000
CY2011Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	10459000
CY2011Q1	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	15000
CY2011Q1	us-gaap	Dividends Common Stock DividendsCommonStock	20124000
CY2011Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	181000
CY2011Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-76000
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	18165000
CY2011Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	93292000
CY2011Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2060000
CY2011Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	669229	shares
CY2011Q1	us-gaap	Interest Expense Subordinated Notes And Debentures InterestExpenseSubordinatedNotesAndDebentures	2367000
CY2011Q1	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	3864000
CY2011Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	48072000
CY2011Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2011Q1	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	18469000
CY2011Q1	us-gaap	Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease	7588000
CY2011Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	12317000
CY2011Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.23
CY2011Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	257000
CY2011Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-5947000
CY2011Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	6803000
CY2011Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	32477000
CY2011Q1	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	19423000
CY2011Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	6323000
CY2011Q1	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	34624000
CY2011Q1	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	-8338000
CY2011Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	170000
CY2011Q1	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	182000
CY2011Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14000
CY2011Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	173339000
CY2011Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	78027840	shares
CY2011Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	14000
CY2011Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	44137000
CY2011Q1	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	2396000
CY2011Q1	us-gaap	Interest Paid InterestPaid	16833000
CY2011Q1	us-gaap	Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax	-1064000
CY2011Q1	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	12841000
CY2011Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	3892000
CY2011Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	32361000
CY2011Q1	us-gaap	Operating Expenses OperatingExpenses	11514000
CY2011Q1	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	2807000
CY2011Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	20121000
CY2011Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.001	pure
CY2011Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1740000
CY2011Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	79371776	shares
CY2011Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	90178000
CY2011Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.072	pure
CY2011Q1	us-gaap	Impairment Of Investments ImpairmentOfInvestments	3312000
CY2011Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-3529000
CY2011Q1	us-gaap	Profit Loss ProfitLoss	16150000
CY2011Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1343936	shares
CY2011Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	280111000
CY2011Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
CY2011Q1	rwt	Other Comprehensive Income Unrealized Holding Gain Loss On Securities And Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesAndDerivativesArisingDuringPeriodNetOfTax	9773000
CY2011Q1	rwt	Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plan StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlan	196000
CY2011Q1	rwt	Dividends And Distributions Declared But Not Paid DividendsAndDistributionsDeclaredButNotPaid	19535000
CY2011Q1	rwt	Net Interest Income Loss After Provision And Market Valuation Adjustments NetInterestIncomeLossAfterProvisionAndMarketValuationAdjustments	23814000
CY2011Q1	rwt	Short Term Debt During Period Weighted Average Interest Rate ShortTermDebtDuringPeriodWeightedAverageInterestRate	0.0152	pure
CY2011Q1	rwt	Fixed Compensation Expense FixedCompensationExpense	4144000
CY2011Q1	rwt	Variable Compensation Expense VariableCompensationExpense	599000
CY2011Q1	rwt	Proceeds From Sale Of Mortgage Loans Held For Sale Investing Activities ProceedsFromSaleOfMortgageLoansHeldForSaleInvestingActivities	1857000
CY2011Q1	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-5740000
CY2011Q1	rwt	Other Than Temporary Impairment Credit Losses Recognized In Earnings Matured Called Written Down OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsMaturedCalledWrittenDown	7946000
CY2011Q1	rwt	Other Market Valuation Adjustments OtherMarketValuationAdjustments	-3118000
CY2011Q1	rwt	Other Market Valuation Adjustments Net OtherMarketValuationAdjustmentsNet	-5740000
CY2012Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2012Q1	dei	Trading Symbol TradingSymbol	RWT
CY2012Q1	dei	Entity Registrant Name EntityRegistrantName	REDWOOD TRUST INC
CY2012Q1	dei	Amendment Flag AmendmentFlag	false
CY2012Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2012Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
CY2012Q1	dei	Document Type DocumentType	10-Q
CY2012Q1	dei	Document Period End Date DocumentPeriodEndDate	2012-03-31
CY2012Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000930236
CY2012Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2012Q1	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	7784000
CY2012Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2256000
CY2012Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest	149000
CY2012Q1	us-gaap	Cash Flow Hedge Loss Reclassified To Interest Expense CashFlowHedgeLossReclassifiedToInterestExpense	1000000
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	305020000
CY2012Q1	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	332000
CY2012Q1	us-gaap	Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment	12199000
CY2012Q1	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	13620000
CY2012Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions Dividends EffectiveIncomeTaxRateReconciliationDeductionsDividends	-0.140	pure
CY2012Q1	us-gaap	Other Comprehensive Income Reclassification Adjustment For Write Down Of Securities Included In Net Income Net Of Tax OtherComprehensiveIncomeReclassificationAdjustmentForWriteDownOfSecuritiesIncludedInNetIncomeNetOfTax	-77000
CY2012Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	-0.272	pure
CY2012Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	15000
CY2012Q1	us-gaap	Origination Of Mortgage Servicing Rights Ms Rs OriginationOfMortgageServicingRightsMSRs	2000000
CY2012Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	-24000
CY2012Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	164740000
CY2012Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	58740000
CY2012Q1	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	6622000
CY2012Q1	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	16981000
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-233666000
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	85470000
CY2012Q1	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	724000
CY2012Q1	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	5346000
CY2012Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	28004000
CY2012Q1	us-gaap	Professional Fees ProfessionalFees	1117000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	30471000
CY2012Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	1181000
CY2012Q1	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	21176000
CY2012Q1	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	1600000
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2256000
CY2012Q1	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	3000000
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.37
CY2012Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	790000
CY2012Q1	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	362000000
CY2012Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	259697000
CY2012Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	6297000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	55007000
CY2012Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-4435000
CY2012Q1	us-gaap	Interest Expense InterestExpense	30655000
CY2012Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	13193000
CY2012Q1	us-gaap	Payments To Acquire Loans And Leases Held For Investment PaymentsToAcquireLoansAndLeasesHeldForInvestment	26888000
CY2012Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	849000
CY2012Q1	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	21000
CY2012Q1	us-gaap	Dividends Common Stock DividendsCommonStock	20232000
CY2012Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	1062000
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	30463000
CY2012Q1	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	660008000
CY2012Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	155301000
CY2012Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2176000
CY2012Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	456242	shares
CY2012Q1	us-gaap	Interest Expense Subordinated Notes And Debentures InterestExpenseSubordinatedNotesAndDebentures	2376000
CY2012Q1	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	1000000
CY2012Q1	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	20985000
CY2012Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	49511000
CY2012Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2012Q1	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	23379000
CY2012Q1	us-gaap	Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease	40701000
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.38
CY2012Q1	us-gaap	Nature Of Operations NatureOfOperations	<div> <p style="MARGIN-TOP: 20px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 1. Redwood Trust</b></font></p> <p style="MARGIN-TOP: 10px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: Times New Roman" size="2">Redwood Trust, Inc., together with its subsidiaries (Redwood, we, or us), invests in, finances, and manages real estate assets. We invest in residential and commercial loans and in asset-backed securities backed by real estate loans. We seek to invest in assets that have the potential to generate sufficient long-term cash flow returns to support our goal of distributing an attractive level of dividends per share to shareholders over time. For tax purposes, we are structured as a real estate investment trust (REIT).</font></p> <p style="MARGIN-TOP: 10px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: Times New Roman" size="2">Redwood was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. Our executive offices are located at One Belvedere Place, Suite 300, Mill Valley, California 94941.</font></p> </div>
CY2012Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost	428000
CY2012Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	944000
CY2012Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	2715000
CY2012Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	9805000
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	85470000
CY2012Q1	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="MARGIN-TOP: 14px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-TOP: 10px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: Times New Roman" size="2">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, amount and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported period. 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.</font></p> </div>
CY2012Q1	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	26452000
CY2012Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	477389000
CY2012Q1	us-gaap	Debt Instrument Interest Rate Terms DebtInstrumentInterestRateTerms	Substantially all ABS issued pay variable rates of interest, which are indexed to one, three, or six-month LIBOR.
CY2012Q1	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	29994000
CY2012Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	-24000
CY2012Q1	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	1827000
CY2012Q1	us-gaap	Real Estate Owned Valuation Allowance Period Increase Decrease RealEstateOwnedValuationAllowancePeriodIncreaseDecrease	1000000
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8000
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-117618000
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	78397359	shares
CY2012Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	106000
CY2012Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	464480000
CY2012Q1	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	2606000
CY2012Q1	us-gaap	Interest Paid InterestPaid	30068000
CY2012Q1	us-gaap	Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax	-1036000
CY2012Q1	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	859000
CY2012Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	5101000
CY2012Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	28085000
CY2012Q1	us-gaap	Servicing Asset At Fair Value Period Increase Decrease ServicingAssetAtFairValuePeriodIncreaseDecrease	-17000
CY2012Q1	us-gaap	Operating Expenses OperatingExpenses	14634000
CY2012Q1	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	274000
CY2012Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	20232000
CY2012Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000	pure
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1741000
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	79892013	shares
CY2012Q1	us-gaap	Proceeds From Divestiture Of Interest In Consolidated Subsidiaries ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries	3220000
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-188972000
CY2012Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	388760000
CY2012Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.072	pure
CY2012Q1	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	2000000
CY2012Q1	us-gaap	Impairment Of Investments ImpairmentOfInvestments	481000
CY2012Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-20073000
CY2012Q1	us-gaap	Profit Loss ProfitLoss	30463000
CY2012Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1494654	shares
CY2012Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	96000
CY2012Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
CY2012Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod	Three- or four-year
CY2012Q1	rwt	Other Comprehensive Income Unrealized Holding Gain Loss On Securities And Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesAndDerivativesArisingDuringPeriodNetOfTax	55007000
CY2012Q1	rwt	Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plan StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlan	2203000
CY2012Q1	rwt	Net Interest Income Loss After Provision And Market Valuation Adjustments NetInterestIncomeLossAfterProvisionAndMarketValuationAdjustments	27183000
CY2012Q1	rwt	Number Of Facilities NumberOfFacilities	11	Contract
CY2012Q1	rwt	Number Of Variable Interest Entities Acquired And Consolidated NumberOfVariableInterestEntitiesAcquiredAndConsolidated	45	Entity
CY2012Q1	rwt	Debt Instrument Average Maturity Term DebtInstrumentAverageMaturityTerm	P105D
CY2012Q1	rwt	Short Term Debt During Period Weighted Average Interest Rate ShortTermDebtDuringPeriodWeightedAverageInterestRate	0.0202	pure
CY2012Q1	rwt	Maximum401 K Plan Contribution Rates As Percentage Of Employees Earnings Maximum401KPlanContributionRatesAsPercentageOfEmployeesEarnings	1.00	pure
CY2012Q1	rwt	Employee Stock Purchase Plan Minimum Percentage Of Common Stock Fair Value Defined To Purchase Shares By Eligible Participants EmployeeStockPurchasePlanMinimumPercentageOfCommonStockFairValueDefinedToPurchaseSharesByEligibleParticipants	0.85	pure
CY2012Q1	rwt	Fixed Compensation Expense FixedCompensationExpense	5035000
CY2012Q1	rwt	Variable Compensation Expense VariableCompensationExpense	2594000
CY2012Q1	rwt	Proceeds From Sale Of Mortgage Loans Held For Sale Investing Activities ProceedsFromSaleOfMortgageLoansHeldForSaleInvestingActivities	364536000
CY2012Q1	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-3701000
CY2012Q1	rwt	Other Than Temporary Impairment Credit Losses Recognized In Earnings Matured Called Written Down OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsMaturedCalledWrittenDown	4534000
CY2012Q1	rwt	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures	1322000
CY2012Q1	rwt	Other Market Valuation Adjustments OtherMarketValuationAdjustments	-296000
CY2012Q1	rwt	Other Market Valuation Adjustments Net OtherMarketValuationAdjustmentsNet	-628000
CY2012Q1	rwt	Mortgage Banking Activities Derivative Instruments Net MortgageBankingActivitiesDerivativeInstrumentsNet	-3056000
CY2012Q1	rwt	Mortgage Banking Activities Market Valuation Adjustments Net MortgageBankingActivitiesMarketValuationAdjustmentsNet	-3073000
CY2012Q1	rwt	Mortgage Banking Activities Net MortgageBankingActivitiesNet	4302000
CY2012Q1	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	162663	shares
CY2011Q4	rwt	Employee Stock Purchase Plan Number Of Shares Purchased By Employee EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee	152212	shares

Files In Submission

Name	View Source	Status
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0001193125-12-218364-index.html	Edgar Link	pending
0001193125-12-218364.txt	Edgar Link	pending
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d325179d10q.htm	Edgar Link	pending
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Financial_Report.xls	Edgar Link	pending
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report.css	Edgar Link	pending
rwt-20120331.xml	Edgar Link	completed
rwt-20120331.xsd	Edgar Link	pending
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rwt-20120331_def.xml	Edgar Link	unprocessable
rwt-20120331_lab.xml	Edgar Link	unprocessable
rwt-20120331_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending

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$RWT
REDWOOD TRUST INC Stock $rwt

2012 Q1 Form 10-Q Financial Statement

#000119312512218364 Filed on May 08, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT REDWOOD TRUST INC Stock $rwt

2012 Q1 Form 10-Q Financial Statement

#000119312512218364 Filed on May 08, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT
REDWOOD TRUST INC Stock $rwt