STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Net Income	$ 30,463	$ 18,165
Other comprehensive income:
Net unrealized gain on available-for-sale securities	40,701	7,588
Reclassification of other-than-temporary impairments to net income	77	1,770
Net unrealized gain on interest rate agreements	13,193	3,890
Reclassification of unrealized loss on interest rate agreements to net income	1,036	1,064
Total other comprehensive income	55,007	14,312
Total comprehensive income	85,470	32,477
Less: Comprehensive income attributable to noncontrolling interest		4,539
Comprehensive Income Attributable to Redwood Trust, Inc.	$ 85,470	$ 27,938