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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 | 6 Months Ended |
--- | --- | ---
Jun. 30, 2020 USD ($) $ / loan | Dec. 31, 2019
Loan purchase and interest rate lock commitments |  |
Liabilities |  |
Loan purchase commitments, net | $ 177 |
Loan purchase and interest rate lock commitments | Committed sales price | Minimum |  |
Liabilities |  |
Loan purchase commitments, measurement input | 96.10 |
Loan purchase and interest rate lock commitments | Committed sales price | Maximum |  |
Liabilities |  |
Loan purchase commitments, measurement input | 101.28 |
Loan purchase and interest rate lock commitments | Committed sales price | Weighted Average |  |
Liabilities |  |
Loan purchase commitments, measurement input | 100.11 |
Loan purchase and interest rate lock commitments | Pull-through rate | Minimum |  |
Liabilities |  |
Loan purchase commitments, measurement input | 1 |
Loan purchase and interest rate lock commitments | Pull-through rate | Maximum |  |
Liabilities |  |
Loan purchase commitments, measurement input | 1 |
Loan purchase and interest rate lock commitments | Pull-through rate | Weighted Average |  |
Liabilities |  |
Loan purchase commitments, measurement input | 1 |
ABS Issued |  |
Liabilities |  |
ABS issued | $ 2,162,134 |
ABS Issued | Prepayment rate (annual CPR) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.10 |
ABS Issued | Prepayment rate (annual CPR) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.50 |
ABS Issued | Prepayment rate (annual CPR) | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.24 |
ABS Issued | Discount rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.02 |
ABS Issued | Discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.25 |
ABS Issued | Discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.04 |
ABS Issued | Default rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0 |
ABS Issued | Default rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.40 |
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 | 0.32 |
Freddie Mac SLST |  |
Liabilities |  |
ABS issued | $ 1,812,008 |
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 | 0.02 |
Freddie Mac SLST | Discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.14 |
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 | $ 464,691 |
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 | 0.01 |
Freddie Mac K-Series | Discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.19 |
Freddie Mac K-Series | Discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.02 |
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 | $ 2,417,253 |
CAFL | Prepayment rate (annual CPR) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0 |
CAFL | Prepayment rate (annual CPR) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.03 |
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 | 0.74 |
CAFL | Discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.04 |
Jumbo loans committed to sell |  |
Assets |  |
Loans receivable, fair value | $ 20,199 |
Jumbo loans committed to sell | Whole loan committed sales price | Minimum |  |
Assets |  |
Loans held-for-sale, measurement input | $ / loan | 101.00 |
Jumbo loans committed to sell | Whole loan committed sales price | Maximum |  |
Assets |  |
Loans held-for-sale, measurement input | $ / loan | 101.00 |
Jumbo loans committed to sell | Whole loan committed sales price | Weighted Average |  |
Assets |  |
Loans held-for-sale, measurement input | $ / loan | 101.00 |
Legacy Sequoia |  |
Assets |  |
Loans receivable, fair value | $ 304,632 |
Sequoia Choice |  |
Assets |  |
Loans receivable, fair value | 2,064,388 |
Liabilities |  |
Fair value of securities owned | 208,000 |
Freddie Mac SLST |  |
Assets |  |
Loans receivable, fair value | 2,145,111 |
Liabilities |  |
Fair value of securities owned | 334,000 |
Single-family rental loans |  |
Assets |  |
Loans receivable, fair value | $ 379,795 |
Single-family rental loans | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.03 |
Single-family rental loans | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.03 |
Single-family rental loans | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.03 |
Single-family rental loans | Senior credit support | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.31 |
Single-family rental loans | Senior credit support | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.36 |
Single-family rental loans | Senior credit support | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.34 |
Single-family rental loans | IO discount rate | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.10 |
Single-family rental loans | IO discount rate | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.10 |
Single-family rental loans | IO discount rate | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.10 |
CAFL |  |
Assets |  |
Loans receivable, fair value | $ 2,615,038 |
Liabilities |  |
Fair value of securities owned | 203,000 |
Residential bridge loans |  |
Assets |  |
Loans receivable, fair value | $ 787,367 |
Residential bridge loans | Discount rate | Minimum |  |
Assets |  |
Loans held-for-investment, measurement input | 0.08 |
Residential bridge loans | Discount rate | Maximum |  |
Assets |  |
Loans held-for-investment, measurement input | 0.17 |
Residential bridge loans | Discount rate | Weighted Average |  |
Assets |  |
Loans held-for-investment, measurement input | 0.11 |
Freddie Mac K-Series |  |
Assets |  |
Loans receivable, fair value | $ 489,075 |
Liabilities |  |
Fair value of securities owned | $ 24,000 |
Business purpose residential loans | Senior credit spread | Minimum |  |
Assets |  |
Loans receivable, measurement input | $ / loan | 0.0230 |
Business purpose residential loans | Senior credit spread | Maximum |  |
Assets |  |
Loans receivable, measurement input | $ / loan | 0.0230 |
Business purpose residential loans | Senior credit spread | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | $ / loan | 0.0230 |
Business purpose residential loans | Subordinate credit spread | Minimum |  |
Assets |  |
Loans receivable, measurement input | $ / loan | 0.0300 |
Business purpose residential loans | Subordinate credit spread | Maximum |  |
Assets |  |
Loans receivable, measurement input | $ / loan | 0.2450 |
Business purpose residential loans | Subordinate credit spread | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | $ / loan | 0.0772 |
Loan purchase and interest rate lock commitments | Mortgage servicing income | Minimum |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 0.0008 |
Loan purchase and interest rate lock commitments | Mortgage servicing income | Maximum |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 0.0013 |
Loan purchase and interest rate lock commitments | Mortgage servicing income | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 0.0010 |
Trading and AFS securities |  |
Assets |  |
Trading and AFS securities | $ 316,436 |
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 | 0.65 |
Trading and AFS securities | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Trading and AFS securities | 0.17 |
Trading and AFS securities | Discount rate | Minimum |  |
Assets |  |
Trading and AFS securities | 0.04 |
Trading and AFS securities | Discount rate | Maximum |  |
Assets |  |
Trading and AFS securities | 0.21 |
Trading and AFS securities | Discount rate | Weighted Average |  |
Assets |  |
Trading and AFS securities | 0.10 |
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 | 0.15 |
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 | 0.16 |
Servicer advance investments |  |
Assets |  |
Servicing asset | $ 266,948 |
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 |  |
Servicing asset, measurement input | 0.08 |
Servicer advance investments | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.14 |
Servicer advance investments | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.14 |
Servicer advance investments | Discount rate | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.05 |
Servicer advance investments | Discount rate | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.05 |
Servicer advance investments | Discount rate | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.05 |
MSRs |  |
Assets |  |
Servicing asset | $ 19,661 |
MSRs | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.08 |
MSRs | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.62 |
MSRs | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.21 |
MSRs | Discount rate | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.12 |
MSRs | Discount rate | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.12 |
MSRs | Discount rate | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.12 |
MSRs | Per loan annual cost to service | Minimum |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 95 |
MSRs | Per loan annual cost to service | Maximum |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 95 |
MSRs | Per loan annual cost to service | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 95 |
Excess MSRs |  |
Assets |  |
Servicing asset | $ 36,197 |
Excess MSRs | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.10 |
Excess MSRs | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.14 |
Excess MSRs | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.12 |
Excess MSRs | Discount rate | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.15 |
Excess MSRs | Discount rate | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.20 |
Excess MSRs | Discount rate | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.18 |
Excess MSRs | Excess mortgage servicing income | Minimum |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 0.0009 |
Excess MSRs | Excess mortgage servicing income | Maximum |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 0.0017 |
Excess MSRs | Excess mortgage servicing income | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | $ / loan | 0.0012 |
Shared home appreciation options |  |
Assets |  |
Shared home appreciation options | $ 40,851 |
Shared home appreciation options | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Shared home appreciation options |  | 0.08
Shared home appreciation options | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Shared home appreciation options |  | 0.28
Shared home appreciation options | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Shared home appreciation options |  | 0.21
Shared home appreciation options | Discount rate | Minimum |  |
Assets |  |
Shared home appreciation options | 0.17 |
Shared home appreciation options | Discount rate | Maximum |  |
Assets |  |
Shared home appreciation options | 0.17 |
Shared home appreciation options | Discount rate | Weighted Average |  |
Assets |  |
Shared home appreciation options | 0.17 |
Shared home appreciation options | Home price appreciation | Minimum |  |
Assets |  |
Shared home appreciation options |  | 0.01
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 | $ 781 |
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 | 0.13 |
Guarantee asset | Discount rate | Maximum |  |
Assets |  |
Guarantee asset | 0.13 |
Guarantee asset | Discount rate | Weighted Average |  |
Assets |  |
Guarantee asset | 0.13 |
REO |  |
Assets |  |
REO | $ 1,712 |
REO | Loss severity | Minimum |  |
Assets |  |
REO, measurement input | 0.03 |
REO | Loss severity | Maximum |  |
Assets |  |
REO, measurement input | 0.86 |
REO | Loss severity | Weighted Average |  |
Assets |  |
REO, measurement input | 0.19 |

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- Definition Debt Securities, Trading And Available-for-sale, Fair Value Disclosure + References No definition available. + Details
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- Definition Home Appreciation Options, Fair value Disclosure + References No definition available. + Details
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- Definition Loan Purchase Commitments, Fair Value Disclosure + References No definition available. + Details
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- Definition Value of input used to measure derivative liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition The fair value as of the balance sheet date of firm holdings in private equity, mezzanine, venture capital, merchant banking, real estate and special situations investments. Includes both pledged (to counterparties as collateral for financing transactions) and unpledged holdings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969 + Details
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- Definition Value of input used to measure loan, held for sale. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- Definition Carrying amount of other real estate not separately disclosed, including, but not limited to, real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. This does not include real estate assets taken in settlement of troubled loans through surrender or foreclosure. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.10(4)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition Value of input used to measure real estate owned by financial institution by financial institution which is not directly related to its business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Aggregate amount of servicing assets that are subsequently measured at fair value and servicing assets that are subsequently measured using the amortization method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 + Details
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- Definition Value of input used to measure servicing asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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