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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 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Variable Interest Entity [Line Items]        
Interest income $ 177,074 $ 177,662 $ 534,571 $ 534,517
Interest expense (156,723) (142,727) (461,687) (405,992)
Net Interest Income 20,351 34,935 72,884 128,525
Investment fair value changes, net (31,430) (57,697) (36,153) (151,789)
Total non-interest (loss) income, net (9,594) (37,135) 28,674 (129,359)
Net Loss (30,810) (50,411) (23,317) (119,462)
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 123,527 123,161 365,759 381,969
Interest expense (94,793) (93,643) (280,157) (291,897)
Net Interest Income 28,734 29,518 85,602 90,072
Investment fair value changes, net (39,714) (61,237) (36,326) (127,631)
Other income 377 286 761 631
Total non-interest (loss) income, net (39,337) (60,951) (35,565) (127,000)
General and administrative expenses (89) (55) (82) (130)
Other expenses (1,526) (372) (4,007) (1,158)
Net Loss (12,218) (31,860) 45,948 (38,216)
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 2,596 1,475 7,879 3,595
Interest expense (2,487) (1,486) (7,650) (3,154)
Net Interest Income 109 (11) 229 441
Investment fair value changes, net (215) (328) (319) (1,378)
Other income 0 0 0 0
Total non-interest (loss) income, net (215) (328) (319) (1,378)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Loss (106) (339) (90) (937)
Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 40,180 31,587 112,302 95,608
Interest expense (35,810) (27,541) (99,859) (84,041)
Net Interest Income 4,370 4,046 12,443 11,567
Investment fair value changes, net (4,966) (10,936) (1,596) (20,644)
Other income 0 0 0 0
Total non-interest (loss) income, net (4,966) (10,936) (1,596) (20,644)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Loss (596) (6,890) 10,847 (9,077)
CAFL | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 52,940 61,439 161,960 195,381
Interest expense (38,273) (44,804) (116,360) (145,207)
Net Interest Income 14,667 16,635 45,600 50,174
Investment fair value changes, net (6,562) (4,527) (4,643) (23,972)
Other income 377 286 761 631
Total non-interest (loss) income, net (6,185) (4,241) (3,882) (23,341)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Loss 8,482 12,394 41,718 26,833
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 15,065 16,098 45,831 49,851
Interest expense (10,523) (12,829) (32,392) (40,286)
Net Interest Income 4,542 3,269 13,439 9,565
Investment fair value changes, net (32,388) (41,892) (40,017) (74,796)
Other income 0 0 0 0
Total non-interest (loss) income, net (32,388) (41,892) (40,017) (74,796)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Loss (27,846) (38,623) (26,578) (65,231)
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 4,677 4,762 13,993 14,247
Interest expense (4,290) (4,377) (12,842) (13,099)
Net Interest Income 387 385 1,151 1,148
Investment fair value changes, net 390 316 1,138 390
Other income 0 0 0 0
Total non-interest (loss) income, net 390 316 1,138 390
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Loss 777 701 2,289 1,538
Servicing Investment | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 8,069 7,800 23,794 23,287
Interest expense (3,410) (2,606) (11,054) (6,110)
Net Interest Income 4,659 5,194 12,740 17,177
Investment fair value changes, net 3,059 (3,286) 7,265 (11,259)
Other income 0 0 0 0
Total non-interest (loss) income, net 3,059 (3,286) 7,265 (11,259)
General and administrative expenses (89) (55) (82) (130)
Other expenses (1,526) (372) (4,007) (1,158)
Net Loss 6,103 1,481 15,916 4,630
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 968 (584) 1,846 4,028
Other income 0 0 0 0
Total non-interest (loss) income, net 968 (584) 1,846 4,028
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Loss $ 968 $ (584) $ 1,846 $ 4,028