2022 Q1 Form 10-Q Financial Statement

#000162828022013044 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $189.4M $128.3M
YoY Change 47.62% -35.23%
Cost Of Revenue $136.3M $102.6M
YoY Change 32.84% -30.06%
Gross Profit $53.10M $25.80M
YoY Change 105.82% -49.81%
Gross Profit Margin 28.04% 20.11%
Selling, General & Admin $30.53M $36.00M
YoY Change -15.2% 48.76%
% of Gross Profit 57.49% 139.53%
Research & Development $3.184M $2.977M
YoY Change 6.95% -7.32%
% of Gross Profit 6.0% 11.54%
Depreciation & Amortization $3.969M $4.200M
YoY Change -5.5% -10.64%
% of Gross Profit 7.47% 16.28%
Operating Expenses $43.40M $51.21M
YoY Change -15.24% -58.73%
Operating Profit $9.698M -$25.41M
YoY Change -138.17% -65.05%
Interest Expense $136.3M $102.6M
YoY Change 32.91% -30.08%
% of Operating Profit 1405.42%
Other Income/Expense, Net $4.085M $4.096M
YoY Change -0.27% -95.52%
Pretax Income $28.46M $108.8M
YoY Change -73.84% -111.27%
Income Tax -$2.458M $11.54M
% Of Pretax Income -8.64% 10.61%
Net Earnings $30.92M $97.26M
YoY Change -68.21% -110.31%
Net Earnings / Revenue 16.32% 75.8%
Basic Earnings Per Share $0.25 $0.84
Diluted Earnings Per Share $0.24 $0.72
COMMON SHARES
Basic Shares Outstanding 119.9M shares 112.3M shares
Diluted Shares Outstanding 140.5M shares 141.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $767.9M $790.3M
YoY Change -2.84% 17.7%
Cash & Equivalents $409.0M $426.0M
Short-Term Investments $358.9M $364.3M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $524.5M $519.0M
YoY Change 1.05% -2.08%
LONG-TERM ASSETS
Property, Plant & Equipment $10.11M $5.153M
YoY Change 96.1% 3.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $994.5M $687.0M
YoY Change 44.75% -7.16%
Other Assets $94.42M $96.00M
YoY Change -1.65% 269.23%
Total Long-Term Assets $13.73B $10.38B
YoY Change 32.29% -11.83%
TOTAL ASSETS
Total Short-Term Assets $524.5M $519.0M
Total Long-Term Assets $13.73B $10.38B
Total Assets $14.25B $10.90B
YoY Change 30.8% -11.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.73M $15.71M
YoY Change 38.33%
Accrued Expenses $154.4M $177.0M
YoY Change -12.78% 113.25%
Deferred Revenue
YoY Change
Short-Term Debt $1.647B $1.254B
YoY Change 31.37% -46.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.823B $1.464B
YoY Change 24.55% -40.56%
LONG-TERM LIABILITIES
Long-Term Debt $10.84B $8.110B
YoY Change 33.61% -9.04%
Other Long-Term Liabilities $148.6M $107.0M
YoY Change 38.88% -44.56%
Total Long-Term Liabilities $10.98B $8.217B
YoY Change 33.68% -9.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.823B $1.464B
Total Long-Term Liabilities $10.98B $8.217B
Total Liabilities $12.81B $9.681B
YoY Change 32.3% -16.36%
SHAREHOLDERS EQUITY
Retained Earnings $1.348B $1.095B
YoY Change 23.14% 72.17%
Common Stock $2.393B $2.283B
YoY Change 4.81% 0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.445B $1.216B
YoY Change
Total Liabilities & Shareholders Equity $14.25B $10.90B
YoY Change 30.8% -11.41%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $30.92M $97.26M
YoY Change -68.21% -110.31%
Depreciation, Depletion And Amortization $3.969M $4.200M
YoY Change -5.5% -10.64%
Cash From Operating Activities -$291.7M -$966.2M
YoY Change -69.81% 300.23%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.151M -$2.601M
YoY Change -144.25% -39.9%
Cash From Investing Activities $270.5M $582.6M
YoY Change -53.57% -36.02%
FINANCING ACTIVITIES
Cash Dividend Paid $28.79M $18.57M
YoY Change 55.01%
Common Stock Issuance & Retirement, Net $67.63M $115.0K
YoY Change 58710.43% -94.92%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$27.48M $360.9M
YoY Change -107.62% -164.91%
NET CHANGE
Cash From Operating Activities -$291.7M -$966.2M
Cash From Investing Activities $270.5M $582.6M
Cash From Financing Activities -$27.48M $360.9M
Net Change In Cash -$48.66M -$22.66M
YoY Change 114.79% -120.02%
FREE CASH FLOW
Cash From Operating Activities -$291.7M -$966.2M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2021Q1 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
4477000 USD
CY2022Q1 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
67200000 USD
CY2021Q1 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
24849000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8170000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4218000 USD
CY2022Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
-1859000 USD
CY2021Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
119783000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2581000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2716000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-31070000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2565000 USD
CY2022Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-8901000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
76824000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-291676000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-966164000 USD
CY2022Q1 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
411938000 USD
CY2021Q1 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
133229000 USD
CY2022Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
2983000 USD
CY2021Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
0 USD
CY2022Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
8877000 USD
CY2022Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
660990000 USD
CY2021Q1 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
649749000 USD
CY2022Q1 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
15006000 USD
CY2021Q1 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
15880000 USD
CY2022Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
0 USD
CY2021Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
8197000 USD
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
25747000 USD
CY2022Q1 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
23050000 USD
CY2021Q1 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
11746000 USD
CY2022Q1 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
45005000 USD
CY2021Q1 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
24804000 USD
CY2022Q1 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
40141000 USD
CY2021Q1 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
0 USD
CY2022Q1 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
12671000 USD
CY2021Q1 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
0 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1151000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2601000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
270497000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
582612000 USD
CY2022Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2153516000 USD
CY2021Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2724508000 USD
CY2022Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
2684078000 USD
CY2021Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1993506000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
680749000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
147086000 USD
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
535568000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
507037000 USD
CY2022Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
630865000 USD
CY2021Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
164456000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
532000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2022Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
308578000 USD
CY2021Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
154074000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
67632000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
115000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1202000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
925000 USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
28788000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
18572000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1500000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1155000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27484000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
360896000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-48663000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22656000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
531484000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
544450000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
482821000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
521794000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
131419000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
99180000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-41000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7000 USD
CY2022Q1 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
0 USD
CY2021Q1 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
7627000 USD
CY2022Q1 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
4543000 USD
CY2021Q1 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
0 USD
CY2022Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
1098459000 USD
CY2021Q1 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
301298000 USD
CY2022Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
1319000 USD
CY2021Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
14684000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2021Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
13375000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
409000000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
74000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
450000000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
81000000 USD
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to help make quality housing, whether rented or owned, accessible to all American households. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities and our publicly-traded securities. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential, business purpose and multifamily assets. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income primarily consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are generally not subject to subsidiary-level corporate income tax as “the REIT” or “our REIT.” We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as “our taxable REIT subsidiaries” or “TRS.” </span></div>Redwood was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires.
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7075000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6471000 USD
CY2022Q1 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.80
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div>
CY2022Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
4000000 USD
CY2021Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
4000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9266000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10091000 USD
CY2022Q1 rwt Finite Lived Intangible Asset Expected Amortization Year Four And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFourAndThereafter
5124000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38027000 USD
CY2022Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
491824000 USD
CY2022Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2022Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
491824000 USD
CY2022Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
479934000 USD
CY2022Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
9628000 USD
CY2022Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
2262000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
575534000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
575534000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
574629000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
895000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
10000 USD
CY2022Q1 rwt Loans Held For Sale Fair Value Acquired
LoansHeldForSaleFairValueAcquired
246000000 USD
CY2022Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
-1859000 USD
CY2021Q1 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
119783000 USD
CY2022Q1 rwt Real Estate Owned Held For Investment Percent With Original Maturities Of Thirty Years
RealEstateOwnedHeldForInvestmentPercentWithOriginalMaturitiesOfThirtyYears
0.02
CY2022Q1 us-gaap Trading Securities
TradingSecurities
173684000 USD
CY2021Q4 us-gaap Trading Securities
TradingSecurities
170619000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
185198000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
206792000 USD
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
358882000 USD
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
377411000 USD
CY2022Q1 us-gaap Trading Securities
TradingSecurities
173684000 USD
CY2021Q4 us-gaap Trading Securities
TradingSecurities
170619000 USD
CY2022Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
234732000 USD
CY2021Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
235306000 USD
CY2022Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
0 USD
CY2021Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
15880000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
34743000 USD
CY2022Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-1456000 USD
CY2021Q1 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
21349000 USD
CY2022Q1 rwt Securities Bought And Sold During The Same Quarter
SecuritiesBoughtAndSoldDuringTheSameQuarter
0 USD
CY2021Q1 rwt Securities Bought And Sold During The Same Quarter
SecuritiesBoughtAndSoldDuringTheSameQuarter
2000000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
185198000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
206792000 USD
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10000000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1078000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2200000 USD
CY2022Q1 rwt Debt Securities Available For Sale Principal Balance Of Securities Called
DebtSecuritiesAvailableForSalePrincipalBalanceOfSecuritiesCalled
14486000 USD
CY2021Q1 rwt Debt Securities Available For Sale Principal Balance Of Securities Called
DebtSecuritiesAvailableForSalePrincipalBalanceOfSecuritiesCalled
3444000 USD
CY2022Q1 rwt Debt Securities Available For Sale Principal Balance
DebtSecuritiesAvailableForSalePrincipalBalance
230201000 USD
CY2022Q1 rwt Debt Securities Available For Sale Credit Reserve
DebtSecuritiesAvailableForSaleCreditReserve
29901000 USD
CY2022Q1 rwt Debt Securities Available For Sale Unamortized Discounts Premiums
DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
63206000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
137094000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
50854000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2045000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
705000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
185198000 USD
CY2021Q4 rwt Debt Securities Available For Sale Principal Balance
DebtSecuritiesAvailableForSalePrincipalBalance
242852000 USD
CY2021Q4 rwt Debt Securities Available For Sale Credit Reserve
DebtSecuritiesAvailableForSaleCreditReserve
27555000 USD
CY2021Q4 rwt Debt Securities Available For Sale Unamortized Discounts Premiums
DebtSecuritiesAvailableForSaleUnamortizedDiscountsPremiums
76023000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
139274000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
67815000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
297000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
206792000 USD
CY2022Q1 rwt Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
82 investment
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
6 investment
CY2021Q4 rwt Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
85 investment
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
4 investment
CY2021Q4 rwt Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
1 investment
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
700000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
705000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecovery
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
705000 USD
CY2022Q1 rwt Availableforsale Securities Gross Realized Gain Loss On Sales And Calls
AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls
1914000 USD
CY2021Q1 rwt Availableforsale Securities Gross Realized Gain Loss On Sales And Calls
AvailableforsaleSecuritiesGrossRealizedGainLossOnSalesAndCalls
2608000 USD
CY2022Q1 us-gaap Other Investments
OtherInvestments
635581000 USD
CY2021Q4 us-gaap Other Investments
OtherInvestments
641969000 USD
CY2022Q1 rwt Number Of Partnerships Consolidated
NumberOfPartnershipsConsolidated
2 partnership
CY2022Q1 rwt Commitment To Fund Partnership
CommitmentToFundPartnership
148000000 USD
CY2022Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
265949000 USD
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
310953000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
31800000 USD
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
9842443000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
23150000 USD
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
6861921000 USD
CY2022Q1 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
49313000 USD
CY2021Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
82781000 USD
CY2022Q1 us-gaap Interest Receivable
InterestReceivable
48717000 USD
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
47515000 USD
CY2022Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
27179000 USD
CY2021Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
36126000 USD
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
20867000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
20867000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17917000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18772000 USD
CY2022Q1 us-gaap Margin Deposit Assets
MarginDepositAssets
17165000 USD
CY2021Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
7269000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10105000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9019000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
10939000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
8768000 USD
CY2022Q1 us-gaap Other Assets
OtherAssets
202202000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
231117000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18000000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8000000 USD
CY2022Q1 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
47939000 USD
CY2021Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
42670000 USD
CY2022Q1 rwt Margin Payable
MarginPayable
41966000 USD
CY2021Q4 rwt Margin Payable
MarginPayable
24368000 USD
CY2022Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
38647000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
39297000 USD
CY2022Q1 rwt Accrued Operating Expenses
AccruedOperatingExpenses
30581000 USD
CY2021Q4 rwt Accrued Operating Expenses
AccruedOperatingExpenses
4377000 USD
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
21734000 USD
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
8273000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
20218000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20960000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
16990000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
74636000 USD
CY2022Q1 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
9529000 USD
CY2021Q4 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
9306000 USD
CY2022Q1 us-gaap Guaranty Liabilities
GuarantyLiabilities
7046000 USD
CY2021Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
7459000 USD
CY2022Q1 rwt Bridge Loan Holdback
BridgeLoanHoldback
2536000 USD
CY2021Q4 rwt Bridge Loan Holdback
BridgeLoanHoldback
3109000 USD
CY2022Q1 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
7264000 USD
CY2021Q4 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
11333000 USD
CY2022Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
244450000 USD
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
245788000 USD
CY2021Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
36126000 USD
CY2022Q1 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
1319000 USD
CY2022Q1 us-gaap Real Estate Cost Of Real Estate Sold
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10886000 USD
CY2022Q1 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
620000 USD
CY2022Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
27179000 USD
CY2022Q1 rwt Realized Gain Loss From Liquidation
RealizedGainLossFromLiquidation
-600000 USD
CY2022Q1 us-gaap Number Of Real Estate Properties
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31 asset
CY2021Q4 us-gaap Number Of Real Estate Properties
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34 asset
CY2022Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1647246000 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2177362000 USD
CY2022Q1 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
1899357000 USD
CY2021Q4 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
2450304000 USD
CY2022Q1 us-gaap Shortterm Debt Average Outstanding Amount
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1730000000 USD
CY2022Q1 us-gaap Interest Payable Current
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2000000 USD
CY2021Q4 us-gaap Interest Payable Current
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2000000 USD
CY2022Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
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10000000 USD
CY2022Q1 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
1000000 USD
CY2022Q1 us-gaap Line Of Credit
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0 USD
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2022Q1 us-gaap Short Term Borrowings
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1647246000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
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1972863000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9159000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1963704000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1650576000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9743000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1640833000 USD
CY2022Q1 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1683830000 USD
CY2021Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1306932000 USD
CY2022Q1 rwt Interest Payable Noncurrent
InterestPayableNoncurrent
10134000 USD
CY2021Q4 rwt Interest Payable Noncurrent
InterestPayableNoncurrent
11330000 USD
CY2022Q1 rwt Lessee Number Of Leases
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7 lease
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23000000 USD
CY2021Q1 us-gaap Operating Lease Cost
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1000000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1000000 USD
CY2021Q1 rwt Other Commitments Net Market Valuation Gains Loss
OtherCommitmentsNetMarketValuationGainsLoss
1000000 USD
CY2018 rwt Commitment To Fund Partnership Number Of Partnerships
CommitmentToFundPartnershipNumberOfPartnerships
2 partnership
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3228000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4428000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4338000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3475000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3420000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4553000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23442000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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3224000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
20218000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
20000000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18000000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2022Q1 rwt Other Commitments Net Market Valuation Gains Loss
OtherCommitmentsNetMarketValuationGainsLoss
-200000 USD
CY2022Q1 us-gaap Guaranty Liabilities
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7000000 USD
CY2022Q1 rwt Guarantee Obligation Credit Reserve
GuaranteeObligationCreditReserve
5000000 USD
CY2022Q1 rwt Special Purpose Entities Assets
SpecialPurposeEntitiesAssets
34000000 USD
CY2022Q1 rwt Special Purpose Entities Liabilities
SpecialPurposeEntitiesLiabilities
7000000 USD
CY2022Q1 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
10000000 USD
CY2021Q4 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
9000000 USD
CY2022Q1 rwt Mortgage Loans On Real Estate Repurchase Requests
MortgageLoansOnRealEstateRepurchaseRequests
0 repurchase_request
CY2022Q1 rwt Mortgage Loans On Real Estate Number Of Loans Repurchased
MortgageLoansOnRealEstateNumberOfLoansRepurchased
0 loan
CY2022Q1 rwt Mortgage Loans On Real Estate Repurchase Provision
MortgageLoansOnRealEstateRepurchaseProvision
200000 USD
CY2021Q1 rwt Mortgage Loans On Real Estate Repurchase Provision
MortgageLoansOnRealEstateRepurchaseProvision
-100000 USD
CY2022Q1 us-gaap Litigation Reserve
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2000000 USD
CY2022Q1 us-gaap Net Income Loss
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30915000 USD
CY2021Q1 us-gaap Net Income Loss
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97257000 USD
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1209000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3294000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29706000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
93963000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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119884172 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112276842 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
30915000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
97257000 USD
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1348000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2951000 USD
CY2022Q1 rwt Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax
InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax
4582000 USD
CY2021Q1 rwt Interest And Gain Loss On Extinguishment Of Convertible Debt Net Of Tax
InterestAndGainLossOnExtinguishmentOfConvertibleDebtNetOfTax
7007000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
34149000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
101313000 USD
CY2022Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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119884172 shares
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
112276842 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
290831 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
195568 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
20331154 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
28566875 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140506157 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141039285 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2021Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
82607000 USD
CY2021Q1 us-gaap Other Income
OtherIncome
3843000 USD
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
44000000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
42383000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6657000 USD
CY2022Q1 rwt Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Valuation Adjustment
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAdjustment
0 USD
CY2022Q1 rwt Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
247000 USD
CY2022Q1 rwt Allocated Sharebased Compensation Expense Including Restructuring
AllocatedSharebasedCompensationExpenseIncludingRestructuring
4825000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43968000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2022Q1 rwt Employee Stock Purchase Plan Number Of Shares Authorized
EmployeeStockPurchasePlanNumberOfSharesAuthorized
850000 shares
CY2021Q4 rwt Employee Stock Purchase Plan Number Of Shares Authorized
EmployeeStockPurchasePlanNumberOfSharesAuthorized
850000 shares
CY2022Q1 rwt Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
586762 shares
CY2021 rwt Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
569728 shares
CY2022Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
16315000 USD
CY2022Q1 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
4303000 USD
CY2021Q1 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
697000 USD
CY2022Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
460000 USD
CY2021Q1 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
882000 USD
CY2022Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
990000 USD
CY2021Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
693000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
230000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1571000 USD
CY2022Q1 us-gaap Other Income
OtherIncome
5983000 USD
CY2021Q1 us-gaap Other General Expense
OtherGeneralExpense
691000 USD
CY2022Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
3461000 USD
CY2021Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1506000 USD
CY2022Q1 rwt Fixed Compensation Expense
FixedCompensationExpense
14628000 USD
CY2021Q1 rwt Fixed Compensation Expense
FixedCompensationExpense
11805000 USD
CY2022Q1 rwt Variable Compensation Expense
VariableCompensationExpense
3357000 USD
CY2021Q1 rwt Variable Compensation Expense
VariableCompensationExpense
18669000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5660000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4169000 USD
CY2022Q1 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
0 USD
CY2021Q1 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
1212000 USD
CY2022Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3184000 USD
CY2021Q1 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
2977000 USD
CY2022Q1 rwt Office Costs
OfficeCosts
2025000 USD
CY2021Q1 rwt Office Costs
OfficeCosts
1808000 USD
CY2022Q1 us-gaap Professional Fees
ProfessionalFees
1675000 USD
CY2021Q1 us-gaap Professional Fees
ProfessionalFees
714000 USD
CY2022Q1 us-gaap Other General Expense
OtherGeneralExpense
864000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34854000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43551000 USD
CY2022Q1 rwt Commissions On Loan Acquisitions
CommissionsOnLoanAcquisitions
2614000 USD
CY2021Q1 rwt Commissions On Loan Acquisitions
CommissionsOnLoanAcquisitions
1263000 USD
CY2022Q1 rwt Underwriting Costs Associated With Loan Acquisitions
UnderwritingCostsAssociatedWithLoanAcquisitions
1372000 USD
CY2021Q1 rwt Underwriting Costs Associated With Loan Acquisitions
UnderwritingCostsAssociatedWithLoanAcquisitions
1685000 USD
CY2022Q1 rwt Transfer And Hold Costs Associated With Loan Acquisitions
TransferAndHoldCostsAssociatedWithLoanAcquisitions
479000 USD
CY2021Q1 rwt Transfer And Hold Costs Associated With Loan Acquisitions
TransferAndHoldCostsAssociatedWithLoanAcquisitions
611000 USD
CY2022Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
4465000 USD
CY2021Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
3559000 USD
CY2022Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
3534000 USD
CY2021Q1 rwt Amortizationof Purchase Related Intangible Assets
AmortizationofPurchaseRelatedIntangibleAssets
3873000 USD
CY2022Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
551000 USD
CY2021Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
223000 USD
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
4085000 USD
CY2021Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
4096000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.106
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.028
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.086
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
43404000 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
51206000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.086
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.086
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.204
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.125
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.021
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.037
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
0.199
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
189400000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
136298000 USD
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
53102000 USD
CY2022Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
16315000 USD
CY2022Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-6120000 USD
CY2022Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
5983000 USD
CY2022Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2581000 USD
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
18759000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34854000 USD
CY2022Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
4465000 USD
CY2022Q1 us-gaap Other Expenses
OtherExpenses
4085000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2458000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
30915000 USD
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1481000 USD
CY2021Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
128305000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
102552000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25753000 USD
CY2021Q1 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
82607000 USD
CY2021Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
45087000 USD
CY2021Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
3843000 USD
CY2021Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2716000 USD
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
134253000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43551000 USD
CY2021Q1 rwt Loan Acquisition Costs
LoanAcquisitionCosts
3559000 USD
CY2021Q1 us-gaap Other Expenses
OtherExpenses
4096000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11543000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
97257000 USD
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-6230000 USD
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
358882000 USD
CY2022Q1 us-gaap Other Investments
OtherInvestments
635581000 USD
CY2022Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
38027000 USD
CY2022Q1 us-gaap Assets
Assets
14253292000 USD
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
377411000 USD
CY2021Q4 us-gaap Other Investments
OtherInvestments
641969000 USD
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
41561000 USD
CY2021Q4 us-gaap Assets
Assets
14706944000 USD

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