$RWT
REDWOOD TRUST INC Stock $rwt

$rwt Overview Financials Valuation SEC Filings Company Website

2012 Q2 Form 10-Q Financial Statement

#000119312512340941 Filed on August 07, 2012

Income Statement

Concept	2012 Q2	2012 Q1	2011 Q2
Revenue	$59.52M	$58.74M	$52.96M
YoY Change	12.4%	8.11%	-6.44%
Cost Of Revenue	$64.20M	$4.200M	$2.400M
YoY Change	2575.0%	68.0%	9.09%
Gross Profit	-$4.700M	$54.50M	$50.60M
YoY Change	-109.29%	5.21%	-6.99%
Gross Profit Margin	-7.9%	92.78%	95.55%
Selling, General & Admin	$14.40M	$13.80M	$11.60M
YoY Change	24.14%	24.32%	7.41%
% of Gross Profit		25.32%	22.92%
Research & Development	$1.303M	$1.181M	$1.915M
YoY Change	-31.96%	-39.09%
% of Gross Profit		2.17%	3.78%
Depreciation & Amortization	$700.0K	$900.0K	$200.0K
YoY Change	250.0%	200.0%	0.0%
% of Gross Profit		1.65%	0.4%
Operating Expenses	$15.17M	$14.63M	$12.09M
YoY Change	25.47%	27.1%	-67.77%
Operating Profit	-$19.87M	$39.87M	$38.51M
YoY Change	-151.58%	-1.04%	127.89%
Interest Expense	$28.88M	$30.66M	$23.63M
YoY Change	22.21%	39.52%	46.79%
% of Operating Profit		76.9%	61.36%
Other Income/Expense, Net	$110.5M
YoY Change
Pretax Income	$20.12M	$30.47M	$10.34M
YoY Change	94.56%	88.51%	-64.09%
Income Tax	$592.0K	$8.000K	$14.00K
% Of Pretax Income	2.94%	0.03%	0.14%
Net Earnings	$19.53M	$30.46M	$9.439M
YoY Change	106.88%	67.7%	-67.0%
Net Earnings / Revenue	32.81%	51.86%	17.82%
Basic Earnings Per Share	$0.24	$0.38	$0.12
Diluted Earnings Per Share	$0.24	$0.37	$0.11
COMMON SHARES
Basic Shares Outstanding	78.82M shares	78.40M shares	78.32M shares
Diluted Shares Outstanding	78.82M shares	79.89M shares	79.48M shares

Balance Sheet

Concept	2012 Q2	2012 Q1	2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.381B	$1.412B	$80.00M
YoY Change	1626.56%	541.69%	-72.22%
Cash & Equivalents	$69.52M	$149.6M	$79.98M
Short-Term Investments	$1.312B	$1.262B
Other Short-Term Assets	$1.000M	$1.000M	$1.000M
YoY Change	0.0%	0.0%	0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$81.00M	$163.0M	$87.00M
YoY Change	-6.9%	-28.51%	-70.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$559.0K	$1.104M	$3.000M
YoY Change	-81.37%	-63.2%	-25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.573B	$1.454B	$1.121B
YoY Change	40.32%	24.7%	-76.8%
Other Assets	$25.00M	$23.00M	$42.00M
YoY Change	-40.48%	-50.0%	16.67%
Total Long-Term Assets	$5.165B	$5.209B	$5.078B
YoY Change	1.72%	3.04%	3.04%
TOTAL ASSETS
Total Short-Term Assets	$81.00M	$163.0M	$87.00M
Total Long-Term Assets	$5.165B	$5.209B	$5.078B
Total Assets	$5.246B	$5.372B	$5.165B
YoY Change	1.57%	1.68%	-1.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$22.00M	$22.00M	$16.00M
YoY Change	37.5%	46.67%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$455.4M	$441.0M	$41.00M
YoY Change	1010.78%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$477.0M	$463.0M	$77.00M
YoY Change	519.48%	1222.86%	120.0%
LONG-TERM LIABILITIES
Long-Term Debt	$3.703B	$3.843B	$3.979B
YoY Change	-6.94%	-6.2%	-2.36%
Other Long-Term Liabilities	$114.0M	$104.0M	$83.00M
YoY Change	37.35%	48.57%	-21.7%
Total Long-Term Liabilities	$3.817B	$3.947B	$4.062B
YoY Change	-6.03%	-5.28%	-2.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$477.0M	$463.0M	$77.00M
Total Long-Term Liabilities	$3.817B	$3.947B	$4.062B
Total Liabilities	$4.295B	$4.410B	$4.138B
YoY Change	3.79%	4.96%	-2.14%
SHAREHOLDERS EQUITY
Retained Earnings	$551.3M	$531.7M
YoY Change
Common Stock	$1.707B	$1.703B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$951.2M	$962.3M	$1.025B
YoY Change
Total Liabilities & Shareholders Equity	$5.246B	$5.372B	$5.165B
YoY Change	1.57%	1.69%	-1.05%

Cashflow Statement

Concept	2012 Q2	2012 Q1	2011 Q2
OPERATING ACTIVITIES
Net Income	$19.53M	$30.46M	$9.439M
YoY Change	106.88%	67.7%	-67.0%
Depreciation, Depletion And Amortization	$700.0K	$900.0K	$200.0K
YoY Change	250.0%	200.0%	0.0%
Cash From Operating Activities	$14.10M	-$233.7M	$15.80M
YoY Change	-10.76%	-1457.81%	-118.54%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$63.90M	$305.0M	-$59.00M
YoY Change	-208.31%	362.12%	-200.34%
Cash From Investing Activities	$63.90M	$305.0M	-$59.00M
YoY Change	-208.31%	362.49%	-200.34%
FINANCING ACTIVITIES
Cash Dividend Paid		$20.23M
YoY Change		0.55%
Common Stock Issuance & Retirement, Net		-$24.00K
YoY Change		-114.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-157.9M	-189.0M	-97.10M
YoY Change	62.62%	-309.55%	-232.83%
NET CHANGE
Cash From Operating Activities	14.10M	-233.7M	15.80M
Cash From Investing Activities	63.90M	305.0M	-59.00M
Cash From Financing Activities	-157.9M	-189.0M	-97.10M
Net Change In Cash	-79.90M	-117.6M	-140.3M
YoY Change	-43.05%	-167.85%	-400.43%
FREE CASH FLOW
Cash From Operating Activities	$14.10M	-$233.7M	$15.80M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2012Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	79262705	shares
CY2011Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	100948000
CY2011Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1026616000
CY2011Q2	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	90019000
CY2011Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	79977000
CY2012Q1	us-gaap	Stockholders Equity StockholdersEquity	962257000
CY2012Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	73698000
CY2012Q2	us-gaap	Trading Securities TradingSecurities	294799000
CY2012Q2	us-gaap	Loans And Leases Receivable Net Reported Amount Commercial LoansAndLeasesReceivableNetReportedAmountCommercial	258959000
CY2012Q2	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	5461000
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	868000
CY2012Q2	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	97400000
CY2012Q2	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	4005985	shares
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1271562	shares
CY2012Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1705711000
CY2012Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	455419000
CY2012Q2	us-gaap	Stockholders Equity StockholdersEquity	951178000
CY2012Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	15056000
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1776000
CY2012Q2	us-gaap	Other Assets OtherAssets	90108000
CY2012Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	6800000
CY2012Q2	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	920536000
CY2012Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	989000
CY2012Q2	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	3844607000
CY2012Q2	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2064000
CY2012Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	663000
CY2012Q2	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2 AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2	3491000
CY2012Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	15996000
CY2012Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	951178000
CY2012Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	125000000	shares
CY2012Q2	us-gaap	Available For Sale Securities AvailableForSaleSecurities	1016929000
CY2012Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	18512000
CY2012Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	79262828	shares
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1820000
CY2012Q2	us-gaap	Margin Deposit Assets MarginDepositAssets	72110000
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1779000
CY2012Q2	us-gaap	Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	89	Investment
CY2012Q2	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	3626035000
CY2012Q2	us-gaap	Liabilities Liabilities	4295121000
CY2012Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	6846000
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	1518000
CY2012Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	4712000
CY2012Q2	us-gaap	Derivative Assets DerivativeAssets	2963000
CY2012Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	551273000
CY2012Q2	us-gaap	Assets Assets	5246299000
CY2012Q2	us-gaap	Loans Pledged As Collateral LoansPledgedAsCollateral	106000000
CY2012Q2	us-gaap	Investments Investments	5112020000
CY2012Q2	us-gaap	Availableforsale Securities Gross Unrealized Gain AvailableforsaleSecuritiesGrossUnrealizedGain	109763000
CY2012Q2	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	67054000
CY2012Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5246299000
CY2012Q2	us-gaap	Long Term Debt LongTermDebt	139500000
CY2012Q2	us-gaap	Minority Interest MinorityInterest
CY2012Q2	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	114950000
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	69519000
CY2012Q2	us-gaap	Available For Sale Securities Gross Unrealized Losses1 AvailableForSaleSecuritiesGrossUnrealizedLosses1	13370000
CY2012Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	79262828	shares
CY2012Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet	-1000000
CY2012Q2	us-gaap	Available For Sale Securities Pledged As Collateral AvailableForSaleSecuritiesPledgedAsCollateral	473000000
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	2213000
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	376523	shares
CY2012Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	28212000
CY2012Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	114473000
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CY2012Q2	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2 AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2	9879000
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CY2012Q2	us-gaap	Common Stock Value CommonStockValue	793000
CY2012Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q2	us-gaap	Interest Payable Current InterestPayableCurrent	900000
CY2012Q2	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-68181000
CY2012Q2	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	3550000
CY2012Q2	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	9974000
CY2012Q2	us-gaap	Notional Amount Of Interest Rate Derivative Instruments Not Designated As Hedging Instruments NotionalAmountOfInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments	6000000
CY2012Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	559000
CY2012Q2	us-gaap	Loans And Leases Receivable Net Reported Amount Consumer LoansAndLeasesReceivableNetReportedAmountConsumer	3471814000
CY2012Q2	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0.0190	pure
CY2012Q2	us-gaap	Interest Receivable InterestReceivable	15850000
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CY2012Q2	rwt	Available For Sale Securities Credit Reserve AvailableForSaleSecuritiesCreditReserve	261714000
CY2012Q2	rwt	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Amortized Cost AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsAmortizedCost	100891000
CY2012Q2	rwt	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Amortized Cost AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerAmortizedCost	124829000
CY2012Q2	rwt	Available For Sale Securities Principal Balance AvailableForSaleSecuritiesPrincipalBalance	1412606000
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CY2012Q2	rwt	Percentage Difference Of Internal Valuation Than Dealer Marks PercentageDifferenceOfInternalValuationThanDealerMarks	-0.02	pure
CY2012Q2	rwt	Percentage Of Real Estate Owned PercentageOfRealEstateOwned	0.79	pure
CY2012Q2	rwt	Percentage Of Dealer Quotes Received On Securities PercentageOfDealerQuotesReceivedOnSecurities	0.48	pure
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CY2010Q4	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	121016000
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	46937000
CY2011Q4	us-gaap	Trading Securities TradingSecurities	253142000
CY2011Q4	us-gaap	Loans And Leases Receivable Net Reported Amount Commercial LoansAndLeasesReceivableNetReportedAmountCommercial	169855000
CY2011Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	220732000
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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	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1697979000
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CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	892584000
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CY2011Q4	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2 AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2	22014000
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CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	892584000
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CY2011Q4	us-gaap	Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	139	Investment
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CY2011Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	4741000
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CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	501283000
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CY2011Q4	us-gaap	Minority Interest MinorityInterest
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CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	78555908	shares
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	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-13151000
CY2011Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	127564000
CY2011Q4	us-gaap	Marketable Securities MarketableSecurities	981837000
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CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	53904000
CY2011Q4	us-gaap	Cumulative Dividends CumulativeDividends	1294313000
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	786000
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Interest Payable Current InterestPayableCurrent	600000
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-67055000
CY2011Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	5669000
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2048000
CY2011Q4	us-gaap	Loans And Leases Receivable Net Reported Amount Consumer LoansAndLeasesReceivableNetReportedAmountConsumer	4194885000
CY2011Q4	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0.0192	pure
CY2011Q4	us-gaap	Interest Receivable InterestReceivable	15840000
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
CY2011Q4	rwt	Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths	26	Investment
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	3246000
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1127000
	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	40675000
	us-gaap	Proceeds From Sale Of Loans Receivable ProceedsFromSaleOfLoansReceivable	1857000
	us-gaap	Impairment Of Investments ImpairmentOfInvestments	5967000
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4806000
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4114000
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest	1879000
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4164000
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	3854000
	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	5966000
	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	3523000
	us-gaap	Share Based Compensation ShareBasedCompensation	4806000
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.34
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	11149000
	us-gaap	Profit Loss ProfitLoss	26477000
	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	3025000
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.50
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	4000	shares
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	515000
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.001	pure
	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	14733000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	32951000
	us-gaap	Cash Flow Hedge Loss Reclassified To Interest Expense CashFlowHedgeLossReclassifiedToInterestExpense	2000000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	6983000
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1695000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	45000
	us-gaap	Dividends Common Stock DividendsCommonStock	40360000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax	2144000
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-1528000
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-3487000
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.072	pure
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	33040000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeNetOfTax	2349000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3322000
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-123000
	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	-12896000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	79425360	shares
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	107288000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	26505000
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-27554000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.34
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6894000
	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	25000000
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	9699000
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	6851000
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	61682000
	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	189000
	us-gaap	Professional Fees ProfessionalFees	1544000
	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	9452000
	us-gaap	Operating Expenses OperatingExpenses	23600000
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	199000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	78176767	shares
	us-gaap	Interest Expense Subordinated Notes And Debentures InterestExpenseSubordinatedNotesAndDebentures	4742000
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1248593	shares
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	281456000
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
	us-gaap	Proceeds From Repurchase Of Equity ProceedsFromRepurchaseOfEquity	-580000
	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	37372000
	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	-0.411	pure
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	4088000
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-4351000
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	11770000
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	46498000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4766000
	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	12665000
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	17462000
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	463000
	us-gaap	Interest Paid InterestPaid	36404000
	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	-2926000
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	12317000
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	926000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	675529	shares
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	85701000
	us-gaap	Payments To Acquire Loans And Leases Held For Investment PaymentsToAcquireLoansAndLeasesHeldForInvestment	293445000
	us-gaap	Net Income Loss NetIncomeLoss	27604000
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	13954000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	28000
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	181840000
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	50000
	us-gaap	Payments Of Dividends PaymentsOfDividends	40250000
	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	66859000
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	9699000
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	214950000
	us-gaap	Interest Expense InterestExpense	45606000
	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	32000
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	935000
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-30519000
	rwt	Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plan StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlan	2351000
	rwt	Dividends And Distributions Declared But Not Paid DividendsAndDistributionsDeclaredButNotPaid	19640000
	rwt	Net Interest Income Loss After Provision And Market Valuation Adjustments NetInterestIncomeLossAfterProvisionAndMarketValuationAdjustments	40406000
	rwt	Fixed Compensation Expense FixedCompensationExpense	7942000
	rwt	Variable Compensation Expense VariableCompensationExpense	1246000
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-16887000
	rwt	Other Than Temporary Impairment Credit Losses Recognized In Earnings Matured Called Written Down OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsMaturedCalledWrittenDown	20078000
	rwt	Amortization Of Leasehold Improvement AmortizationOfLeaseholdImprovement	1000000
	rwt	Provision For Recovery Of Loan And Lease Losses ProvisionForRecoveryOfLoanAndLeaseLosses	4389000
	rwt	Other Market Valuation Adjustments Net OtherMarketValuationAdjustmentsNet	-16887000
	rwt	Other Market Valuation Adjustments OtherMarketValuationAdjustments	-12799000
	rwt	Proceeds From Principal Repayments On Securities ProceedsFromPrincipalRepaymentsOnSecurities	88677000
	dei	Trading Symbol TradingSymbol	RWT
	dei	Entity Registrant Name EntityRegistrantName	REDWOOD TRUST INC
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2012-06-30
	dei	Entity Central Index Key EntityCentralIndexKey	0000930236
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	us-gaap	Effective Income Tax Rate Reconciliation Deductions Dividends EffectiveIncomeTaxRateReconciliationDeductionsDividends	-0.226	pure
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	679688000
	us-gaap	Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities	50655000
	us-gaap	Proceeds From Sale Of Loans Receivable ProceedsFromSaleOfLoansReceivable	386143000
	us-gaap	Impairment Of Investments ImpairmentOfInvestments	892000
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5217000
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	91353000
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest	257000
	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	2484000
	us-gaap	Transfer Of Other Real Estate TransferOfOtherRealEstate	3406000
	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	1600000
	us-gaap	Share Based Compensation ShareBasedCompensation	5217000
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.61
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	3566000
	us-gaap	Profit Loss ProfitLoss	49990000
	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	10881000
	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	1000000
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.50
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	4256	shares
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1612000
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.012	pure
	us-gaap	Payments For Proceeds From Derivative Instrument Financing Activities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	12195000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-219576000
	us-gaap	Cash Flow Hedge Loss Reclassified To Interest Expense CashFlowHedgeLossReclassifiedToInterestExpense	2000000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	368861000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	155000
	us-gaap	Dividends Common Stock DividendsCommonStock	40498000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax	2134000
	us-gaap	Proceeds From Collection Of Loans Held For Sale ProceedsFromCollectionOfLoansHeldForSale	4102000
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-3260000
	us-gaap	Proceeds From Divestiture Of Interest In Consolidated Subsidiaries ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries	6386000
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.072	pure
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	707051000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-197657000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeNetOfTax	414000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3423000
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-215000
	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	998906000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	79965406	shares
	us-gaap	Servicing Asset At Fair Value Period Increase Decrease ServicingAssetAtFairValuePeriodIncreaseDecrease	-544000
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	118264000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	50590000
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	41363000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.62
	us-gaap	Nature Of Operations NatureOfOperations	<div> <p style="margin-top:24px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>Note 1. Redwood Trust</b></font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%" 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:12px;margin-bottom:0px; text-indent:4%" 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>
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-346942000
	us-gaap	Shortterm Debt Average Outstanding Amount ShorttermDebtAverageOutstandingAmount	418000000
	us-gaap	Stockholders Equity Other StockholdersEquityOther	-7739000
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1583000
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	33452000
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	9655000
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	58728000
	us-gaap	Interest Expense Short Term Borrowings InterestExpenseShortTermBorrowings	4126000
	us-gaap	Professional Fees ProfessionalFees	2166000
	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	754175000
	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	4000000
	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	13287000
	us-gaap	Operating Expenses OperatingExpenses	29799000
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	916000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	78606336	shares
	us-gaap	Interest Expense Subordinated Notes And Debentures InterestExpenseSubordinatedNotesAndDebentures	4755000
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1359070	shares
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	96000
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
	us-gaap	Proceeds From Repurchase Of Equity ProceedsFromRepurchaseOfEquity	292000
	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	44622000
	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	-0.174	pure
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	635000
	us-gaap	Origination Of Mortgage Servicing Rights Ms Rs OriginationOfMortgageServicingRightsMSRs	3000000
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	6951000
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	409788000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5134000
	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	14774000
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	12953000
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	161000
	us-gaap	Interest Paid InterestPaid	59152000
	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	-1911000
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1567000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	531072	shares
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	101662000
	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	3000000
	us-gaap	Payments To Acquire Loans And Leases Held For Investment PaymentsToAcquireLoansAndLeasesHeldForInvestment	95508000
	us-gaap	Net Income Loss NetIncomeLoss	49990000
	us-gaap	Real Estate Owned Valuation Allowance Period Increase Decrease RealEstateOwnedValuationAllowancePeriodIncreaseDecrease	-1000000
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	20159000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	600000
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	287996000
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	91353000
	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="MARGIN-TOP: 18px; 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: 12px; 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>
	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.
	us-gaap	Payments Of Dividends PaymentsOfDividends	40498000
	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	62726000
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	20615000
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	322000000
	us-gaap	Interest Expense InterestExpense	59536000
	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	35000
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	91000
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	42075000
	rwt	Maximum Four Zero One K Plan Contribution Rates As Percentage Of Employees Earnings MaximumFourZeroOneKPlanContributionRatesAsPercentageOfEmployeesEarnings	1.00	pure
	rwt	Other Comprehensive Income Unrealized Holding Gain Loss On Securities And Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesAndDerivativesArisingDuringPeriodNetOfTax	41363000
	rwt	Stock Issued During Period Value Dividend Reinvestment And Employee Stock Purchase Plan StockIssuedDuringPeriodValueDividendReinvestmentAndEmployeeStockPurchasePlan	4433000
	rwt	Net Interest Income Loss After Provision And Market Valuation Adjustments NetInterestIncomeLossAfterProvisionAndMarketValuationAdjustments	53776000
	rwt	Fixed Compensation Expense FixedCompensationExpense	9408000
	rwt	Variable Compensation Expense VariableCompensationExpense	5617000
	rwt	Market Valuation Adjustments Net MarketValuationAdjustmentsNet	-12959000
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CY2011Q2	us-gaap	Interest And Fee Income Loans Consumer Real Estate InterestAndFeeIncomeLoansConsumerRealEstate	18904000
CY2011Q2	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	1466000
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Files In Submission

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$RWT
REDWOOD TRUST INC Stock $rwt

2012 Q2 Form 10-Q Financial Statement

#000119312512340941 Filed on August 07, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT REDWOOD TRUST INC Stock $rwt

2012 Q2 Form 10-Q Financial Statement

#000119312512340941 Filed on August 07, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RWT
REDWOOD TRUST INC Stock $rwt