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Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Variable Interest Entity [Line Items]    
Interest income $ 128,305 $ 198,081
Interest expense (102,552) (146,671)
Net Interest Income 25,753 51,410
Investment fair value changes, net 45,087 (870,832)
Total non-interest income (loss), net 134,253 (892,954)
General and administrative expenses (43,551) (28,682)
Net Income (Loss) 97,257 (943,398)
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 94,871 124,528
Interest expense (72,102) (102,072)
Net Interest Income 22,769 22,456
Investment fair value changes, net 15,705 (378,459)
Total non-interest income (loss), net 15,705 (378,459)
General and administrative expenses (38) (31)
Other expenses (330) 1,882
Net Income (Loss) 38,106 (354,152)
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 1,348 3,194
Interest expense (875) (2,522)
Net Interest Income 473 672
Investment fair value changes, net (699) (391)
Total non-interest income (loss), net (699) (391)
General and administrative expenses 0 0
Other expenses 0 0
Net Income (Loss) (226) 281
Sequoia Choice | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 15,483 25,083
Interest expense (12,106) (21,510)
Net Interest Income 3,377 3,573
Investment fair value changes, net 4,898 (69,668)
Total non-interest income (loss), net 4,898 (69,668)
General and administrative expenses 0 0
Other expenses 0 0
Net Income (Loss) 8,275 (66,095)
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 20,159 21,986
Interest expense (14,468) (16,176)
Net Interest Income 5,691 5,810
Investment fair value changes, net 4,117 (142,161)
Total non-interest income (loss), net 4,117 (142,161)
General and administrative expenses 0 0
Other expenses 0 0
Net Income (Loss) 9,808 (136,351)
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 4,786 40,172
Interest expense (4,356) (38,348)
Net Interest Income 430 1,824
Investment fair value changes, net 8,921 (86,509)
Total non-interest income (loss), net 8,921 (86,509)
General and administrative expenses 0 0
Other expenses 0 0
Net Income (Loss) 9,351 (84,685)
CAFL | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 48,873 30,010
Interest expense (39,011) (21,939)
Net Interest Income 9,862 8,071
Investment fair value changes, net (286) (67,846)
Total non-interest income (loss), net (286) (67,846)
General and administrative expenses 0 0
Other expenses 0 0
Net Income (Loss) 9,576 (59,775)
Servicing Investment | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 4,222 4,083
Interest expense (1,286) (1,577)
Net Interest Income 2,936 2,506
Investment fair value changes, net (1,246) (11,884)
Total non-interest income (loss), net (1,246) (11,884)
General and administrative expenses (38) (31)
Other expenses (330) 1,882
Net Income (Loss) $ 1,322 $ (7,527)