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Residential Loans - Characteristics of Loans Held-for-Investment (Details) - Held-for-investment at fair value
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
loan
Dec. 31, 2021
USD ($)
loan
Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 1,447 1,583
Unpaid principal balance $ 234,213 $ 264,057
Fair value of loans $ 208,788 $ 230,455
Weighted average coupon (as a percent) 2.27% 1.87%
Number of loans in foreclosure | loan 11 10
Unpaid principal balance of loans in foreclosure $ 1,483 $ 2,188
Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 4,738 4,300
Unpaid principal balance $ 3,988,148 $ 3,605,469
Fair value of loans $ 3,525,459 $ 3,628,465
Weighted average coupon (as a percent) 3.26% 3.39%
Number of loans in foreclosure | loan 5 2
Unpaid principal balance of loans in foreclosure $ 5,004 $ 1,624
Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 11,285 11,986
Unpaid principal balance $ 1,796,594 $ 1,932,241
Fair value of loans $ 1,631,285 $ 1,888,230
Weighted average coupon (as a percent) 4.50% 4.51%
Number of loans in foreclosure | loan 257 241
Unpaid principal balance of loans in foreclosure $ 45,536 $ 43,637
Financing Receivables, Equal to Greater than 90 Days Past Due | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans with 90+ day delinquencies | loan 29 32
Fair value of loans with 90+ day delinquencies $ 5,107 $ 7,482
Financing Receivables, Equal to Greater than 90 Days Past Due | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans with 90+ day delinquencies | loan 14 18
Fair value of loans with 90+ day delinquencies $ 12,008 $ 15,124
Financing Receivables, Equal to Greater than 90 Days Past Due | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans with 90+ day delinquencies | loan 1,370 1,208
Fair value of loans with 90+ day delinquencies $ 236,941 $ 212,961