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  <xs:element id="rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetOriginations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetCallsMaturitiesPaydowns" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetConsolidationOfLoans" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetConsolidationOfLoans" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityPaydowns" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" abstract="true" name="ResidentialLoansPricedToSecuritizationAndWholeLoanMarketUncommittedToSellMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_SingleFamilyBusinessPurposeResidentialInvestorsLoansMember" abstract="true" name="SingleFamilyBusinessPurposeResidentialInvestorsLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialInvestorBridgeLoansHeldForInvestmentMember" abstract="true" name="ResidentialInvestorBridgeLoansHeldForInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_HomeAppreciationOptionMember" abstract="true" name="HomeAppreciationOptionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_InvestmentSecuritiesMember" abstract="true" name="InvestmentSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ConsolidatedSequoiaSecuritizationsMember" abstract="true" name="ConsolidatedSequoiaSecuritizationsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_CAFLSecuritizationEntitiesMember" abstract="true" name="CAFLSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_CAFLBridgeLoanSecuritizationMember" abstract="true" name="CAFLBridgeLoanSecuritizationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputWholeLoanSpreadToTBAPriceMember" abstract="true" name="MeasurementInputWholeLoanSpreadToTBAPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputSeniorCreditSpreadToSwapRateMember" abstract="true" name="MeasurementInputSeniorCreditSpreadToSwapRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputWholeLoanSpreadToSwapRateMember" abstract="true" name="MeasurementInputWholeLoanSpreadToSwapRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_SeniorCreditSupportMember" abstract="true" name="SeniorCreditSupportMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputISODiscountRateMember" abstract="true" name="MeasurementInputISODiscountRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputLiabilityPriceMember" abstract="true" name="MeasurementInputLiabilityPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_WholeLoanSpreadMember" abstract="true" name="WholeLoanSpreadMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputWholeLoanDollarPriceMember" abstract="true" name="MeasurementInputWholeLoanDollarPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputHomePriceAppreciationDepreciationMember" abstract="true" name="MeasurementInputHomePriceAppreciationDepreciationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputTransactionPriceMember" abstract="true" name="MeasurementInputTransactionPriceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_MeasurementInputPullthroughRateMember" abstract="true" name="MeasurementInputPullthroughRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ABSIssuedSecuritiesMember" abstract="true" name="ABSIssuedSecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_CollateralizedFinancingEntitiesMember" abstract="true" name="CollateralizedFinancingEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_PointMember" abstract="true" name="PointMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_LoanPurchaseCommitmentsMeasurementInput" abstract="false" name="LoanPurchaseCommitmentsMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_LoansReceivableMeasurementInput" abstract="false" name="LoansReceivableMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_LoansHeldForInvestmentMeasurementInput" abstract="false" name="LoansHeldForInvestmentMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_HomeAppreciationOptionsMeasurementInput" abstract="false" name="HomeAppreciationOptionsMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" abstract="false" name="DebtSecuritiesTradingAndAvailableforsaleFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" abstract="false" name="DebtSecuritiesTradingAndAvailableforsaleMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_StrategicInvestmentsMeasurementInput" abstract="false" name="StrategicInvestmentsMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_NonControllingInterestMeasurementInput" abstract="false" name="NonControllingInterestMeasurementInput" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:decimalItemType"/>
  <xs:element id="rwt_SecuritizationEntity" abstract="false" name="SecuritizationEntity" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure" abstract="false" name="RestrictedCashAndCashEquivalentsFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" abstract="false" name="TrustPreferredSecuritiesAndSubordinatedNotesNetFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SecuritiesMember" abstract="true" name="SecuritiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialConsumerLoansMember" abstract="true" name="ResidentialConsumerLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" abstract="false" name="FairValueOptionAssetsAggregateCarryingAmountDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_RedwoodTrustInc.Member" abstract="true" name="RedwoodTrustInc.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_SequoiaChoiceSecuritizationEntitiesMember" abstract="true" name="SequoiaChoiceSecuritizationEntitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialConsumerLoansHeldForInvestmentAtFairValueMember" abstract="true" name="ResidentialConsumerLoansHeldForInvestmentAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_LoansHeldForSaleWeightedAverageCouponRate" abstract="false" name="LoansHeldForSaleWeightedAverageCouponRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rwt_FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" abstract="false" name="FairValueOptionLoansHeldAsAssetsAggregateAmountInForeclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FairValueOptionLoansHeldAsAssetsAverageForeclosureBalance" abstract="false" name="FairValueOptionLoansHeldAsAssetsAverageForeclosureBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_UnconsolidatedAspireSecuritizationMember" abstract="true" name="UnconsolidatedAspireSecuritizationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_PrincipalBalanceOfLoansAcquiredDuringPeriod" abstract="false" name="PrincipalBalanceOfLoansAcquiredDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_PrincipalBalanceofLoansSoldDuringPeriod" abstract="false" name="PrincipalBalanceofLoansSoldDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_PrincipalBalanceOfLoansTransferredToHeldForInvestment" abstract="false" name="PrincipalBalanceOfLoansTransferredToHeldForInvestment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoansHeldForInvestmentAverageLoanBalanceUPB" abstract="false" name="LoansHeldForInvestmentAverageLoanBalanceUPB" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoansHeldForInvestmentWeightedAverageCouponRate" abstract="false" name="LoansHeldForInvestmentWeightedAverageCouponRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rwt_LoansHeldForSaleAtFairValueMember" abstract="true" name="LoansHeldForSaleAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_LoansHeldForInvestmentAtFairValueMember" abstract="true" name="LoansHeldForInvestmentAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="rwt_ResidentialInvestorTermSecuritizedMember" abstract="true" name="ResidentialInvestorTermSecuritizedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialInvestorBridgeUnsecuritizedMember" abstract="true" name="ResidentialInvestorBridgeUnsecuritizedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialInvestorBridgeSecuritizedMember" abstract="true" name="ResidentialInvestorBridgeSecuritizedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialInvestorTermLoansMember" abstract="true" name="ResidentialInvestorTermLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BridgeLoansMember" abstract="true" name="BridgeLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_CommitmentToFundResidentialInvestorBridgeLoanMember" abstract="true" name="CommitmentToFundResidentialInvestorBridgeLoanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ExtendedMaturityAndCovenantTermsMember" abstract="true" name="ExtendedMaturityAndCovenantTermsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ContractualInterestRateReductionAndDeferralOfInterestMember" abstract="true" name="ContractualInterestRateReductionAndDeferralOfInterestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableNonaccrualAxis" abstract="true" name="FinancingReceivableNonaccrualAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="rwt_FinancingReceivableNonaccrualDomain" abstract="true" name="FinancingReceivableNonaccrualDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableNonaccrualContractualCouponInterestMember" abstract="true" name="FinancingReceivableNonaccrualContractualCouponInterestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableNonaccrualDeferredInterestMember" abstract="true" name="FinancingReceivableNonaccrualDeferredInterestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FinancingReceivableTerm" abstract="false" name="FinancingReceivableTerm" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" abstract="false" name="RealEstateOwnedHeldForInvestmentOriginalMaturityTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityVariableRate" abstract="false" name="RealEstateOwnedHeldForInvestmentOriginalMaturityVariableRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rwt_RealEstateOwnedHeldForInvestmentOriginalMaturityFixedRate" abstract="false" name="RealEstateOwnedHeldForInvestmentOriginalMaturityFixedRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="rwt_FinancingReceivableModifiedInPeriodPreviouslyModifiedAmount" abstract="false" name="FinancingReceivableModifiedInPeriodPreviouslyModifiedAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_LoanTransferFromHeldForSaleToHeldInPortfolioNetOfSubstitutions" abstract="false" name="LoanTransferFromHeldForSaleToHeldInPortfolioNetOfSubstitutions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_BusinessPurposeLoansHeldForInvestmentFairValueOfLoansTransfers" abstract="false" name="BusinessPurposeLoansHeldForInvestmentFairValueOfLoansTransfers" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoansHeldForSaleMember" abstract="true" name="SingleFamilyRentalLoansHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" abstract="true" name="SingleFamilyRentalLoansHeldForInvestmentAtFairValueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BusinessPurposeBridgeLoansMember" abstract="true" name="BusinessPurposeBridgeLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_LoanManagedAndSecuritizedOrAssetBackedFinancingArrangementPrincipalOutstandingAverage" abstract="false" name="LoanManagedAndSecuritizedOrAssetBackedFinancingArrangementPrincipalOutstandingAverage" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FinancingReceivableLoansHeldAtAmortizedCost" abstract="false" name="FinancingReceivableLoansHeldAtAmortizedCost" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_FinancingReceivablesWeightedAverageInterestRate" abstract="false" name="FinancingReceivablesWeightedAverageInterestRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rwt_FinancingReceivableContractMaturities" abstract="false" name="FinancingReceivableContractMaturities" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="rwt_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAverage" abstract="false" name="FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAverage" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ResidentialTermSingleFamilyRentalMember" abstract="true" name="ResidentialTermSingleFamilyRentalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialTermMultifamilyMember" abstract="true" name="ResidentialTermMultifamilyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialTermDebtServiceCoverageRatioMember" abstract="true" name="ResidentialTermDebtServiceCoverageRatioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_TermLoansSingleFamilyRentalMember" abstract="true" name="TermLoansSingleFamilyRentalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_TermLoansMultifamilyMember" abstract="true" name="TermLoansMultifamilyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_TermLoansDebtServiceCoverageRatioMember" abstract="true" name="TermLoansDebtServiceCoverageRatioMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeRenovateBuildForRentMember" abstract="true" name="ResidentialBridgeRenovateBuildForRentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BridgeLoansRenovateBuildForRentMember" abstract="true" name="BridgeLoansRenovateBuildForRentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeResidentialTransitionLoansMember" abstract="true" name="ResidentialBridgeResidentialTransitionLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BridgeLoansResidentialTransitionLoansMember" abstract="true" name="BridgeLoansResidentialTransitionLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeMultifamilyMember" abstract="true" name="ResidentialBridgeMultifamilyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BridgeLoansMultifamilyMember" abstract="true" name="BridgeLoansMultifamilyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeThirdPartyOriginatedMember" abstract="true" name="ResidentialBridgeThirdPartyOriginatedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BridgeLoansThirdPartyOriginatedMember" abstract="true" name="BridgeLoansThirdPartyOriginatedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeLoansMember" abstract="true" name="ResidentialBridgeLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_ResidentialBridgeSingleAssetBridgeMember" abstract="true" name="ResidentialBridgeSingleAssetBridgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_BridgeLoansSingleAssetBridgeMember" abstract="true" name="BridgeLoansSingleAssetBridgeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="rwt_EquityMethodInvestmentsCommitmentAmount" abstract="false" name="EquityMethodInvestmentsCommitmentAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_EquityMethodInvestmentsAggregateCommitedCapital" abstract="false" name="EquityMethodInvestmentsAggregateCommitedCapital" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_StockholdersEquityNoteTable" abstract="true" name="StockholdersEquityNoteTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="rwt_AtTheMarketOfferingsMember" abstract="true" name="AtTheMarketOfferingsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_DirectStockPurchasesAndDividendReinvestmentPlanMember" abstract="true" name="DirectStockPurchasesAndDividendReinvestmentPlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FirstTrancheWarrantsMember" abstract="true" name="FirstTrancheWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_SecondTrancheWarrantsMember" abstract="true" name="SecondTrancheWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_StockholdersEquityNoteLineItems" abstract="true" name="StockholdersEquityNoteLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="rwt_StockIssuanceProgramRemainingAuthorizedIssuanceAmount" abstract="false" name="StockIssuanceProgramRemainingAuthorizedIssuanceAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_PreferredStockDividendRatePercentageSpreadOnTreasuryRate" abstract="false" name="PreferredStockDividendRatePercentageSpreadOnTreasuryRate" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" abstract="false" name="StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="rwt_SettlementInCommonStockMember" abstract="true" name="SettlementInCommonStockMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_SettlementInCashMember" abstract="true" name="SettlementInCashMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="rwt_FixedCompensationExpense" abstract="false" name="FixedCompensationExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_VariableCompensationExpense" abstract="false" name="VariableCompensationExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OtherCorporateCosts" abstract="false" name="OtherCorporateCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OfficeCosts" abstract="false" name="OfficeCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_ShareBasedPaymentArrangementExpenseAdjusted" abstract="false" name="ShareBasedPaymentArrangementExpenseAdjusted" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="rwt_OrganizationalRealignmentCosts" abstract="false" name="OrganizationalRealignmentCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
