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Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
$ / loan
Dec. 31, 2019
USD ($)
Liabilities    
Contingent consideration | $ $ 14,819 $ 28,484
Loan purchase and interest rate lock commitments    
Assets    
Loan purchase commitments, net | $ $ 196  
Loan purchase and interest rate lock commitments | Committed sales price | Minimum    
Assets    
Residential loans, measurement input 95.50  
Loan purchase and interest rate lock commitments | Committed sales price | Maximum    
Assets    
Residential loans, measurement input 95.50  
Loan purchase and interest rate lock commitments | Committed sales price | Weighted Average    
Assets    
Residential loans, measurement input 95.50  
Loan purchase and interest rate lock commitments | Pull-through rate | Minimum    
Assets    
Residential loans, measurement input 1  
Loan purchase and interest rate lock commitments | Pull-through rate | Maximum    
Assets    
Residential loans, measurement input 1  
Loan purchase and interest rate lock commitments | Pull-through rate | Weighted Average    
Assets    
Residential loans, measurement input 1  
ABS Issued    
Liabilities    
ABS issued | $ $ 2,102,295  
ABS Issued | Prepayment rate (annual CPR) | Minimum    
Liabilities    
ABS issued, measurement input 0.15  
ABS Issued | Prepayment rate (annual CPR) | Maximum    
Liabilities    
ABS issued, measurement input 0.43  
ABS Issued | Prepayment rate (annual CPR) | Weighted Average    
Liabilities    
ABS issued, measurement input 0.25  
ABS Issued | Discount rate | Minimum    
Liabilities    
ABS issued, measurement input 0.03  
ABS Issued | Discount rate | Maximum    
Liabilities    
ABS issued, measurement input 0.32  
ABS Issued | Discount rate | Weighted Average    
Liabilities    
ABS issued, measurement input 0.06  
ABS Issued | Default rate | Minimum    
Liabilities    
ABS issued, measurement input 0  
ABS Issued | Default rate | Maximum    
Liabilities    
ABS issued, measurement input 0.15  
ABS Issued | Default rate | Weighted Average    
Liabilities    
ABS issued, measurement input 0.01  
ABS Issued | Loss severity | Minimum    
Liabilities    
ABS issued, measurement input 0  
ABS Issued | Loss severity | Maximum    
Liabilities    
ABS issued, measurement input 0.50  
ABS Issued | Loss severity | Weighted Average    
Liabilities    
ABS issued, measurement input 0.19  
Freddie Mac SLST    
Liabilities    
ABS issued | $ $ 1,825,000  
Freddie Mac SLST | Prepayment rate (annual CPR) | Minimum    
Liabilities    
ABS issued, measurement input 0.06  
Freddie Mac SLST | Prepayment rate (annual CPR) | Maximum    
Liabilities    
ABS issued, measurement input 0.06  
Freddie Mac SLST | Prepayment rate (annual CPR) | Weighted Average    
Liabilities    
ABS issued, measurement input 0.06  
Freddie Mac SLST | Discount rate | Minimum    
Liabilities    
ABS issued, measurement input 0.03  
Freddie Mac SLST | Discount rate | Maximum    
Liabilities    
ABS issued, measurement input 0.17  
Freddie Mac SLST | Discount rate | Weighted Average    
Liabilities    
ABS issued, measurement input 0.04  
Freddie Mac SLST | Default rate | Minimum    
Liabilities    
ABS issued, measurement input 0.17  
Freddie Mac SLST | Default rate | Maximum    
Liabilities    
ABS issued, measurement input 0.18  
Freddie Mac SLST | Default rate | Weighted Average    
Liabilities    
ABS issued, measurement input 0.17  
Freddie Mac SLST | Loss severity | Minimum    
Liabilities    
ABS issued, measurement input 0.30  
Freddie Mac SLST | Loss severity | Maximum    
Liabilities    
ABS issued, measurement input 0.30  
Freddie Mac SLST | Loss severity | Weighted Average    
Liabilities    
ABS issued, measurement input 0.30  
Freddie Mac K-Series    
Liabilities    
ABS issued | $ $ 447,699  
Freddie Mac K-Series | IO prepayment rate (annual CPY/CPP) | Minimum    
Liabilities    
ABS issued, measurement input 1  
Freddie Mac K-Series | IO prepayment rate (annual CPY/CPP) | Maximum    
Liabilities    
ABS issued, measurement input 1  
Freddie Mac K-Series | IO prepayment rate (annual CPY/CPP) | Weighted Average    
Liabilities    
ABS issued, measurement input 1  
Freddie Mac K-Series | Discount rate | Minimum    
Liabilities    
ABS issued, measurement input 0.02  
Freddie Mac K-Series | Discount rate | Maximum    
Liabilities    
ABS issued, measurement input 0.20  
Freddie Mac K-Series | Discount rate | Weighted Average    
Liabilities    
ABS issued, measurement input 0.03  
Freddie Mac K-Series | Non-IO prepayment rate (annual CPR) | Minimum    
Liabilities    
ABS issued, measurement input 0  
Freddie Mac K-Series | Non-IO prepayment rate (annual CPR) | Maximum    
Liabilities    
ABS issued, measurement input 0  
Freddie Mac K-Series | Non-IO prepayment rate (annual CPR) | Weighted Average    
Liabilities    
ABS issued, measurement input 0  
CAFL    
Liabilities    
ABS issued | $ $ 2,086,870  
CAFL | Prepayment rate (annual CPR) | Minimum    
Liabilities    
ABS issued, measurement input 0  
CAFL | Prepayment rate (annual CPR) | Maximum    
Liabilities    
ABS issued, measurement input 0.05  
CAFL | Prepayment rate (annual CPR) | Weighted Average    
Liabilities    
ABS issued, measurement input 0  
CAFL | Discount rate | Minimum    
Liabilities    
ABS issued, measurement input 0.01  
CAFL | Discount rate | Maximum    
Liabilities    
ABS issued, measurement input 0.68  
CAFL | Discount rate | Weighted Average    
Liabilities    
ABS issued, measurement input 0.06  
Contingent Consideration    
Liabilities    
Contingent consideration | $ $ 14,819  
Contingent Consideration | Discount rate | Minimum    
Liabilities    
Contingent consideration, measurement input 0.23  
Contingent Consideration | Discount rate | Maximum    
Liabilities    
Contingent consideration, measurement input 0.23  
Contingent Consideration | Discount rate | Weighted Average    
Liabilities    
Contingent consideration, measurement input 0.23  
Contingent Consideration | Probability of outcomes | Minimum    
Liabilities    
Contingent consideration, measurement input 1  
Contingent Consideration | Probability of outcomes | Maximum    
Liabilities    
Contingent consideration, measurement input 1  
Contingent Consideration | Probability of outcomes | Weighted Average    
Liabilities    
Contingent consideration, measurement input 1  
Jumbo fixed-rate loans    
Assets    
Residential loans, at fair value | $ $ 86,053  
Jumbo fixed-rate loans | Dollar price | Minimum    
Assets    
Residential loans, measurement input 74.38  
Jumbo fixed-rate loans | Dollar price | Maximum    
Assets    
Residential loans, measurement input 99.50  
Jumbo fixed-rate loans | Dollar price | Weighted Average    
Assets    
Residential loans, measurement input 96.73  
Jumbo hybrid loans    
Assets    
Residential loans, at fair value | $ $ 97,956  
Jumbo hybrid loans | Dollar price | Minimum    
Assets    
Residential loans, measurement input 90.00  
Jumbo hybrid loans | Dollar price | Maximum    
Assets    
Residential loans, measurement input 99.00  
Jumbo hybrid loans | Dollar price | Weighted Average    
Assets    
Residential loans, measurement input 97.78  
Jumbo loans committed to sell    
Assets    
Residential loans, at fair value | $ $ 2,146,557  
Jumbo loans committed to sell | Whole loan committed sales price | Minimum    
Assets    
Residential loans, measurement input 95.00  
Jumbo loans committed to sell | Whole loan committed sales price | Maximum    
Assets    
Residential loans, measurement input 103.50  
Jumbo loans committed to sell | Whole loan committed sales price | Weighted Average    
Assets    
Residential loans, measurement input 98.32  
Legacy Sequoia    
Assets    
Residential loans, at fair value | $ $ 316,677  
Sequoia Choice    
Assets    
Residential loans, at fair value | $ 1,932,658  
Liabilities    
Fair value of securities owned | $ 148,000  
Freddie Mac SLST    
Assets    
Residential loans, at fair value | $ 2,131,125  
Liabilities    
Fair value of securities owned | $ 307,000  
Single-family rental loans    
Assets    
Residential loans, at fair value | $ $ 415,333  
Single-family rental loans | Prepayment rate (annual CPR) | Minimum    
Assets    
Residential loans, measurement input 0.05  
Single-family rental loans | Prepayment rate (annual CPR) | Maximum    
Assets    
Residential loans, measurement input 0.05  
Single-family rental loans | Prepayment rate (annual CPR) | Weighted Average    
Assets    
Residential loans, measurement input 0.05  
Single-family rental loans | Senior credit support | Minimum    
Assets    
MSR, measurement input 0.32  
Single-family rental loans | Senior credit support | Maximum    
Assets    
MSR, measurement input 0.47  
Single-family rental loans | Senior credit support | Weighted Average    
Assets    
MSR, measurement input 0.34  
Single-family rental loans | IO discount rate | Minimum    
Assets    
Residential loans, measurement input 0.14  
Single-family rental loans | IO discount rate | Maximum    
Assets    
Residential loans, measurement input 0.14  
Single-family rental loans | IO discount rate | Weighted Average    
Assets    
Residential loans, measurement input 0.14  
CAFL    
Assets    
Residential loans, at fair value | $ $ 2,248,665  
Liabilities    
Fair value of securities owned | $ $ 167,000  
Business purpose residential loans | Senior credit spread | Minimum    
Assets    
Residential loans, measurement input 0.0290  
Business purpose residential loans | Senior credit spread | Maximum    
Assets    
Residential loans, measurement input 0.0290  
Business purpose residential loans | Senior credit spread | Weighted Average    
Assets    
Residential loans, measurement input 0.0290  
Business purpose residential loans | Subordinate credit spread | Minimum    
Assets    
Residential loans, measurement input 0.0400  
Business purpose residential loans | Subordinate credit spread | Maximum    
Assets    
Residential loans, measurement input 0.2700  
Business purpose residential loans | Subordinate credit spread | Weighted Average    
Assets    
Residential loans, measurement input 0.0688  
Loan purchase and interest rate lock commitments | Mortgage servicing income | Minimum    
Assets    
Loan purchase commitments, measurement input 0.0008  
Loan purchase and interest rate lock commitments | Mortgage servicing income | Maximum    
Assets    
Loan purchase commitments, measurement input 0.0013  
Loan purchase and interest rate lock commitments | Mortgage servicing income | Weighted Average    
Assets    
Loan purchase commitments, measurement input 0.001  
Residential bridge loans    
Assets    
Residential loans, at fair value | $ $ 799,744  
Residential bridge loans | Discount rate | Minimum    
Assets    
Residential loans, measurement input 0.09  
Residential bridge loans | Discount rate | Maximum    
Assets    
Residential loans, measurement input 0.17  
Residential bridge loans | Discount rate | Weighted Average    
Assets    
Residential loans, measurement input 0.12  
Freddie Mac K-Series    
Assets    
Residential loans, at fair value | $ $ 470,484  
Liabilities    
Fair value of securities owned | $ 23,000  
Trading and AFS securities    
Assets    
Trading and AFS securities | $ $ 293,462  
Trading and AFS securities | Prepayment rate (annual CPR) | Minimum    
Assets    
Trading and AFS securities 0.06  
Trading and AFS securities | Prepayment rate (annual CPR) | Maximum    
Assets    
Trading and AFS securities 0.34  
Trading and AFS securities | Prepayment rate (annual CPR) | Weighted Average    
Assets    
Trading and AFS securities 0.12  
Trading and AFS securities | Discount rate | Minimum    
Assets    
Trading and AFS securities 0.05  
Trading and AFS securities | Discount rate | Maximum    
Assets    
Trading and AFS securities 0.51  
Trading and AFS securities | Discount rate | Weighted Average    
Assets    
Trading and AFS securities 0.17  
Trading and AFS securities | Default rate | Minimum    
Assets    
Trading and AFS securities 0  
Trading and AFS securities | Default rate | Maximum    
Assets    
Trading and AFS securities 0.07  
Trading and AFS securities | Default rate | Weighted Average    
Assets    
Trading and AFS securities 0.01  
Trading and AFS securities | Loss severity | Minimum    
Assets    
Trading and AFS securities 0  
Trading and AFS securities | Loss severity | Maximum    
Assets    
Trading and AFS securities 0.50  
Trading and AFS securities | Loss severity | Weighted Average    
Assets    
Trading and AFS securities 0.09  
Servicer advance investments    
Assets    
Mortgage servicing rights | $ $ 298,946  
Servicer advance investments | Minimum    
Assets    
Expected remaining life 2 years  
Servicer advance investments | Maximum    
Assets    
Expected remaining life 2 years  
Servicer advance investments | Weighted Average    
Assets    
Expected remaining life 2 years  
Servicer advance investments | Prepayment rate (annual CPR) | Minimum    
Assets    
MSR, measurement input 0.08  
Servicer advance investments | Prepayment rate (annual CPR) | Maximum    
Assets    
MSR, measurement input 0.14  
Servicer advance investments | Prepayment rate (annual CPR) | Weighted Average    
Assets    
MSR, measurement input 0.14  
Servicer advance investments | Discount rate | Minimum    
Assets    
MSR, measurement input 0.05  
Servicer advance investments | Discount rate | Maximum    
Assets    
MSR, measurement input 0.05  
Servicer advance investments | Discount rate | Weighted Average    
Assets    
MSR, measurement input 0.05  
MSRs    
Assets    
Mortgage servicing rights | $ $ 23,616  
MSRs | Prepayment rate (annual CPR) | Minimum    
Assets    
MSR, measurement input 0.08  
MSRs | Prepayment rate (annual CPR) | Maximum    
Assets    
MSR, measurement input 0.63  
MSRs | Prepayment rate (annual CPR) | Weighted Average    
Assets    
MSR, measurement input 0.21  
MSRs | Discount rate | Minimum    
Assets    
MSR, measurement input 0.13  
MSRs | Discount rate | Maximum    
Assets    
MSR, measurement input 0.13  
MSRs | Discount rate | Weighted Average    
Assets    
MSR, measurement input 0.13  
MSRs | Per loan annual cost to service | Minimum    
Assets    
MSR, measurement input 95  
MSRs | Per loan annual cost to service | Maximum    
Assets    
MSR, measurement input 95  
MSRs | Per loan annual cost to service | Weighted Average    
Assets    
MSR, measurement input 95  
Excess MSRs    
Assets    
Mortgage servicing rights | $ $ 31,788  
Excess MSRs | Prepayment rate (annual CPR) | Minimum    
Assets    
MSR, measurement input 0.09  
Excess MSRs | Prepayment rate (annual CPR) | Maximum    
Assets    
MSR, measurement input 0.14  
Excess MSRs | Prepayment rate (annual CPR) | Weighted Average    
Assets    
MSR, measurement input 0.11  
Excess MSRs | Discount rate | Minimum    
Assets    
MSR, measurement input 0.18  
Excess MSRs | Discount rate | Maximum    
Assets    
MSR, measurement input 0.26  
Excess MSRs | Discount rate | Weighted Average    
Assets    
MSR, measurement input 0.22  
Excess MSRs | Excess mortgage servicing income | Minimum    
Assets    
MSR, measurement input 0.0008  
Excess MSRs | Excess mortgage servicing income | Maximum    
Assets    
MSR, measurement input 0.0017  
Excess MSRs | Excess mortgage servicing income | Weighted Average    
Assets    
MSR, measurement input 0.0012  
Shared home appreciation options    
Assets    
Shared home appreciation options | $ $ 40,642  
Shared home appreciation options | Prepayment rate (annual CPR) | Minimum    
Assets    
Shared home appreciation options   0.10
Shared home appreciation options | Prepayment rate (annual CPR) | Maximum    
Assets    
Shared home appreciation options   0.30
Shared home appreciation options | Prepayment rate (annual CPR) | Weighted Average    
Assets    
Shared home appreciation options   0.23
Shared home appreciation options | Discount rate | Minimum    
Assets    
Shared home appreciation options 0.18  
Shared home appreciation options | Discount rate | Maximum    
Assets    
Shared home appreciation options 0.18  
Shared home appreciation options | Discount rate | Weighted Average    
Assets    
Shared home appreciation options 0.18  
Shared home appreciation options | Home price appreciation | Minimum    
Assets    
Shared home appreciation options   0.03
Shared home appreciation options | Home price appreciation | Maximum    
Assets    
Shared home appreciation options   0.03
Shared home appreciation options | Home price appreciation | Weighted Average    
Assets    
Shared home appreciation options   0.03
Guarantee asset    
Assets    
Guarantee asset | $ $ 905  
Guarantee asset | Prepayment rate (annual CPR) | Minimum    
Assets    
Guarantee asset 0.37  
Guarantee asset | Prepayment rate (annual CPR) | Maximum    
Assets    
Guarantee asset 0.37  
Guarantee asset | Prepayment rate (annual CPR) | Weighted Average    
Assets    
Guarantee asset 0.37  
Guarantee asset | Discount rate | Minimum    
Assets    
Guarantee asset 0.11  
Guarantee asset | Discount rate | Maximum    
Assets    
Guarantee asset 0.11  
Guarantee asset | Discount rate | Weighted Average    
Assets    
Guarantee asset 0.11  
REO    
Assets    
REO | $ $ 4,456  
REO | Loss severity | Minimum    
Assets    
REO, measurement input 0.03  
REO | Loss severity | Maximum    
Assets    
REO, measurement input 0.55  
REO | Loss severity | Weighted Average    
Assets    
REO, measurement input 0.32