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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 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Variable Interest Entity [Line Items]        
Interest income $ 138,695 $ 129,946 $ 267,000 $ 328,027
Interest expense (108,065) (102,666) (210,617) (249,337)
Net Interest Income 30,630 27,280 56,383 78,690
Investment fair value changes, net 49,480 152,228 94,567 (718,604)
Total non-interest income (loss), net 114,409 173,376 248,662 (719,578)
General and administrative expenses (40,594) (28,520) (84,145) (57,202)
Net Income (Loss) 90,025 165,444 187,282 (777,954)
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 98,917 88,824 193,788 213,352
Interest expense (74,845) (67,104) (145,789) (169,176)
Net Interest Income 24,072 21,720 47,999 44,176
Investment fair value changes, net 44,238 87,591 59,943 (290,868)
Total non-interest income (loss), net 44,238 87,591 59,943 (290,868)
General and administrative expenses (52) (712) (90) (743)
Other expenses (112) (1,065) (442) 817
Net Income (Loss) 68,146 107,534 107,410 (246,618)
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 1,169 2,685 2,517 5,879
Interest expense (755) (1,518) (1,630) (4,040)
Net Interest Income 414 1,167 887 1,839
Investment fair value changes, net (216) (230) (915) (621)
Total non-interest income (loss), net (216) (230) (915) (621)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 198 937 (28) 1,218
Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 14,492 22,564 29,975 47,647
Interest expense (11,374) (19,117) (23,480) (40,627)
Net Interest Income 3,118 3,447 6,495 7,020
Investment fair value changes, net 4,906 39,752 9,804 (29,916)
Total non-interest income (loss), net 4,906 39,752 9,804 (29,916)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 8,024 43,199 16,299 (22,896)
CAFL | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 54,849 32,978 103,722 62,988
Interest expense (43,201) (24,446) (81,054) (46,385)
Net Interest Income 11,648 8,532 22,668 16,603
Investment fair value changes, net 3,697 16,313 3,411 (51,533)
Total non-interest income (loss), net 3,697 16,313 3,411 (51,533)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 15,345 24,845 26,079 (34,930)
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 19,506 21,187 39,665 43,173
Interest expense (13,927) (15,846) (28,395) (32,022)
Net Interest Income 5,579 5,341 11,270 11,151
Investment fair value changes, net 36,316 26,866 40,433 (115,295)
Total non-interest income (loss), net 36,316 26,866 40,433 (115,295)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 41,895 32,207 51,703 (104,144)
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 4,860 4,870 9,646 45,042
Interest expense (4,478) (4,380) (8,834) (42,728)
Net Interest Income 382 490 812 2,314
Investment fair value changes, net 1,855 1,599 10,776 (84,910)
Total non-interest income (loss), net 1,855 1,599 10,776 (84,910)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 2,237 2,089 11,588 (82,596)
Servicing Investment | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 4,041 4,540 8,263 8,623
Interest expense (1,110) (1,797) (2,396) (3,374)
Net Interest Income 2,931 2,743 5,867 5,249
Investment fair value changes, net (2,320) 3,291 (3,566) (8,593)
Total non-interest income (loss), net (2,320) 3,291 (3,566) (8,593)
General and administrative expenses (52) (712) (90) (743)
Other expenses (112) (1,065) (442) 817
Net Income (Loss) $ 447 $ 4,257 $ 1,769 $ (3,270)