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Other Investments - Additional Information (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
numberOfInvestment
Investment
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
numberOfInvestment
partnership
Investment
Sep. 30, 2022
USD ($)
Dec. 31, 2018
partnership
Dec. 31, 2022
USD ($)
Net Investment Income [Line Items]            
Number of partnerships consolidated | partnership     2   2  
Collateral amounts $ 1,775,977,000   $ 1,775,977,000     $ 1,379,856,000
Investment fair value changes, net (31,430,000) $ (57,697,000) (36,153,000) $ (151,789,000)    
Investments 6,000,000   6,000,000      
Other income, net 2,346,000 4,027,000 11,060,000 17,016,000    
Interest income 177,074,000 177,662,000 534,571,000 534,517,000    
MSR income, net 1,747,000 2,890,000 6,173,000 12,569,000    
Strategic investments            
Net Investment Income [Line Items]            
Investment fair value changes, net 100,000 1,000,000 (3,000,000) 11,000,000    
Other income, net $ (2,000,000) $ (300,000) $ (3,000,000) $ (400,000)    
Strategic investments | RWT Horizons            
Net Investment Income [Line Items]            
Number of investments made | Investment 35   35      
Investments $ 23,000,000   $ 23,000,000      
Strategic investments | Churchill Finance            
Net Investment Income [Line Items]            
Number of investments made | numberOfInvestment 7,000   7,000      
Strategic investments | BPL Bridge Loans            
Net Investment Income [Line Items]            
Investments $ 1,600,000   $ 1,600,000      
Sale of investments $ 29,000,000          
Equity method investment, ownership percentage 20.00%   20.00%      
MSRs            
Net Investment Income [Line Items]            
Mortgage servicing rights $ 26,033,000   $ 26,033,000     25,421,000
Aggregate principal balance 2,070,000,000.00   2,070,000,000.00     2,190,000,000
MSR income, net 2,000,000   6,000,000      
Servicer advance financing            
Net Investment Income [Line Items]            
Collateral amounts 185,000,000   185,000,000      
Income (loss) from equity method investments 5,000,000   16,000,000      
Investment fair value changes, net 4,000,000   6,000,000      
Held-for-sale residential loans            
Net Investment Income [Line Items]            
Mortgage servicing rights 219,813,000   219,813,000     269,259,000
Servicing asset, unpaid principal balance on underlying loan 10,450,000,000   10,450,000,000      
Excess MSRs            
Net Investment Income [Line Items]            
Mortgage servicing rights 38,427,000   38,427,000     $ 39,035,000
Investment fair value changes, net (1,000,000)   (1,000,000)      
Interest income 3,000,000   11,000,000      
Fair value option elected aggregate carrying amount, asset $ 0   $ 0