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Principles of Consolidation - Schedule of Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Variable Interest Entity [Line Items]      
Interest income $ 724,462 $ 707,854 $ 574,926
Interest expense (631,519) (552,400) (426,749)
Net Interest Income 92,943 155,454 148,177
Investment fair value changes, net (44,400) (178,272) 114,624
HEI income, net 35,117 2,714 13,425
Total non-interest income (loss), net 72,688 (162,679) 393,804
General and administrative expenses (128,295) (140,908) (165,218)
Net (Loss) Income (2,274) (163,520) 319,613
Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 500,398 495,956 400,292
Interest expense (386,315) (380,213) (310,795)
Net Interest Income 114,083 115,743 89,497
Investment fair value changes, net 2,277 (149,489) 89,903
HEI income, net 4,368 2,915 218
Other income 1,078 1,014 72
Total non-interest income (loss), net 7,723 (145,560) 90,193
General and administrative expenses (210) (189) (283)
Other expenses (5,796) (1,695) (1,689)
Net (Loss) Income 115,800 (31,701) 177,718
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 10,326 5,672 4,709
Interest expense (9,980) (5,206) (3,040)
Net Interest Income 346 466 1,669
Investment fair value changes, net (160) (1,302) (1,558)
HEI income, net 0 0 0
Other income 0 0 0
Total non-interest income (loss), net (160) (1,302) (1,558)
General and administrative expenses 0 0 0
Other expenses 0 0 0
Net (Loss) Income 186 (836) 111
Sequoia | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 161,720 126,120 74,025
Interest expense (144,325) (111,060) (59,949)
Net Interest Income 17,395 15,060 14,076
Investment fair value changes, net 218 (23,818) 14,176
HEI income, net 0 0 0
Other income 0 0 0
Total non-interest income (loss), net 218 (23,818) 14,176
General and administrative expenses 0 0 0
Other expenses 0 0 0
Net (Loss) Income 17,613 (8,758) 28,252
Net investments in consolidated CAFL Term entities | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 217,497 248,220 207,202
Interest expense (156,925) (184,069) (160,618)
Net Interest Income 60,572 64,151 46,584
Investment fair value changes, net 2,071 (34,749) 8,521
HEI income, net 0 0 0
Other income 1,078 1,014 72
Total non-interest income (loss), net 3,149 (33,735) 8,593
General and administrative expenses 0 0 0
Other expenses 0 0 0
Net (Loss) Income 63,721 30,416 55,177
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 60,750 65,821 76,287
Interest expense (43,652) (52,901) (64,635)
Net Interest Income 17,098 12,920 11,652
Investment fair value changes, net (13,446) (76,777) 62,374
HEI income, net 0 0 0
Other income 0 0 0
Total non-interest income (loss), net (13,446) (76,777) 62,374
General and administrative expenses 0 0 0
Other expenses 0 0 0
Net (Loss) Income 3,652 (63,857) 74,026
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 18,645 18,938 19,266
Interest expense (17,110) (17,407) (17,686)
Net Interest Income 1,535 1,531 1,580
Investment fair value changes, net 1,541 110 11,599
HEI income, net 0 0 0
Other income 0 0 0
Total non-interest income (loss), net 1,541 110 11,599
General and administrative expenses 0 0 0
Other expenses 0 0 0
Net (Loss) Income 3,076 1,641 13,179
Servicing Investment | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 31,460 31,185 18,803
Interest expense (14,323) (9,570) (4,867)
Net Interest Income 17,137 21,615 13,936
Investment fair value changes, net 12,053 (12,953) (5,209)
HEI income, net 0 0 0
Other income 0 0 0
Total non-interest income (loss), net 12,053 (12,953) (5,209)
General and administrative expenses (210) (189) (283)
Other expenses (5,796) (1,695) (1,689)
Net (Loss) Income 23,184 6,778 6,755
HEI | Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Interest income 0 0 0
Interest expense 0 0 0
Net Interest Income 0 0 0
Investment fair value changes, net 0 0 0
HEI income, net 4,368 2,915 218
Other income 0 0 0
Total non-interest income (loss), net 4,368 2,915 218
General and administrative expenses 0 0 0
Other expenses 0 0 0
Net (Loss) Income $ 4,368 $ 2,915 $ 218