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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Variable Interest Entity [Line Items]        
Interest income $ 178,981 $ 167,455 $ 357,497 $ 356,855
Interest expense (152,885) (126,967) (304,964) (263,265)
Net Interest Income 26,096 40,488 52,533 93,590
Investment fair value changes, net (4,596) (87,972) (4,723) (94,092)
Total non-interest income (loss), net 17,170 (110,983) 38,268 (92,224)
Net Income (Loss) 2,873 (99,966) 7,493 (69,051)
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 122,683 118,492 242,232 258,808
Interest expense (93,955) (90,784) (185,363) (198,254)
Net Interest Income 28,728 27,708 56,869 60,554
Investment fair value changes, net 2,047 (67,765) 3,388 (66,394)
Other income 212 255 384 345
Total non-interest income (loss), net 2,259 (67,510) 3,772 (66,049)
General and administrative expenses 3 44 (7) 75
Other expenses (1,904) (235) (2,481) (786)
Net Income (Loss) 29,080 (40,081) 58,167 (6,356)
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 2,740 1,108 5,283 2,120
Interest expense (2,659) (967) (5,163) (1,668)
Net Interest Income 81 141 120 452
Investment fair value changes, net (10) (336) (104) (1,050)
Other income 0 0 0 0
Total non-interest income (loss), net (10) (336) (104) (1,050)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 71 (195) 16 (598)
Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 37,478 31,923 72,122 64,021
Interest expense (33,994) (28,329) (64,049) (56,500)
Net Interest Income 3,484 3,594 8,073 7,521
Investment fair value changes, net 928 (5,886) 3,370 (9,708)
Other income 0 0 0 0
Total non-interest income (loss), net 928 (5,886) 3,370 (9,708)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 4,412 (2,292) 11,443 (2,187)
CAFL | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 54,583 56,608 109,020 133,942
Interest expense (38,545) (41,923) (78,087) (100,403)
Net Interest Income 16,038 14,685 30,933 33,539
Investment fair value changes, net 11,601 (22,109) 1,919 (19,445)
Other income 212 255 384 345
Total non-interest income (loss), net 11,813 (21,854) 2,303 (19,100)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 27,851 (7,169) 33,236 14,439
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 15,273 16,553 30,766 33,753
Interest expense (10,650) (13,372) (21,868) (27,457)
Net Interest Income 4,623 3,181 8,898 6,296
Investment fair value changes, net (16,563) (35,940) (7,629) (32,904)
Other income 0 0 0 0
Total non-interest income (loss), net (16,563) (35,940) (7,629) (32,904)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) (11,940) (32,759) 1,269 (26,608)
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 4,698 4,732 9,316 9,485
Interest expense (4,311) (4,351) (8,552) (8,722)
Net Interest Income 387 381 764 763
Investment fair value changes, net 385 (190) 748 74
Other income 0 0 0 0
Total non-interest income (loss), net 385 (190) 748 74
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 772 191 1,512 837
Servicing Investment | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 7,911 7,568 15,725 15,487
Interest expense (3,796) (1,842) (7,644) (3,504)
Net Interest Income 4,115 5,726 8,081 11,983
Investment fair value changes, net 5,253 (4,505) 4,206 (7,973)
Other income 0 0 0 0
Total non-interest income (loss), net 5,253 (4,505) 4,206 (7,973)
General and administrative expenses 3 44 (7) 75
Other expenses (1,904) (235) (2,481) (786)
Net Income (Loss) 7,461 942 9,813 3,149
HEI | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 0 0 0 0
Interest expense 0 0 0 0
Net Interest Income 0 0 0 0
Investment fair value changes, net 453 1,201 878 4,612
Other income 0 0 0 0
Total non-interest income (loss), net 453 1,201 878 4,612
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) $ 453 $ 1,201 $ 878 $ 4,612