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Principles of Consolidation - Income (Loss) from Consolidated VIEs (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Variable Interest Entity [Line Items]    
Interest income $ 198,081 $ 131,041
Interest expense (146,671) (99,276)
Net Interest Income 51,410 31,765
Investment fair value changes, net (870,832) 20,159
Total non-interest (loss) income, net (892,954) 47,779
General and administrative expenses (32,668) (23,159)
Other expenses 91,415 1,038
Net (Loss) Income (943,398) 54,464
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 124,528 67,043
Interest expense (102,072) (58,908)
Net Interest Income 22,456 8,135
Investment fair value changes, net (378,459) 13,805
Total non-interest (loss) income, net (378,459) 13,805
General and administrative expenses (31) (30)
Other expenses 1,882 (227)
Net (Loss) Income (354,152) 21,683
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 3,194 4,853
Interest expense (2,522) (4,115)
Net Interest Income 672 738
Investment fair value changes, net (391) (374)
Total non-interest (loss) income, net (391) (374)
General and administrative expenses 0 0
Other expenses 0 0
Net (Loss) Income 281 364
Sequoia Choice | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 25,083 25,662
Interest expense (21,510) (22,113)
Net Interest Income 3,573 3,549
Investment fair value changes, net (69,668) 3,265
Total non-interest (loss) income, net (69,668) 3,265
General and administrative expenses 0 0
Other expenses 0 0
Net (Loss) Income (66,095) 6,814
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 21,986 11,794
Interest expense (16,176) (8,747)
Net Interest Income 5,810 3,047
Investment fair value changes, net (142,161) 6,365
Total non-interest (loss) income, net (142,161) 6,365
General and administrative expenses 0 0
Other expenses 0 0
Net (Loss) Income (136,351) 9,412
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 40,172 21,388
Interest expense (38,348) (20,320)
Net Interest Income 1,824 1,068
Investment fair value changes, net (86,509) 3,119
Total non-interest (loss) income, net (86,509) 3,119
General and administrative expenses 0 0
Other expenses 0 0
Net (Loss) Income (84,685) 4,187
CAFL | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 30,010 0
Interest expense (21,939) 0
Net Interest Income 8,071 0
Investment fair value changes, net (67,846) 0
Total non-interest (loss) income, net (67,846) 0
General and administrative expenses 0 0
Other expenses 0 0
Net (Loss) Income (59,775) 0
Servicing Investment | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 4,083 3,346
Interest expense (1,577) (3,613)
Net Interest Income 2,506 (267)
Investment fair value changes, net (11,884) 1,430
Total non-interest (loss) income, net (11,884) 1,430
General and administrative expenses (31) (30)
Other expenses 1,882 (227)
Net (Loss) Income $ (7,527) $ 906