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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
Mar. 31, 2024
Mar. 31, 2023
Variable Interest Entity [Line Items]    
Interest income $ 204,740 $ 178,516
Interest expense (180,530) (152,079)
Net Interest Income 24,210 26,437
Investment fair value changes, net 21,837 (4,392)
HEI income, net 9,031 4,265
Realized gains, net 409 (2)
Total non-interest income, net 50,339 21,098
Net Income 30,262 4,620
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 150,720 119,549
Interest expense (123,503) (91,408)
Net Interest Income 27,217 28,141
Investment fair value changes, net 21,101 916
HEI income, net 2,888 425
Other income 305 172
Realized gains, net 314  
Total non-interest income, net 24,608 1,513
General and administrative expenses (65) 10
Other expenses (556) (577)
Net Income 51,204 29,087
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 2,298 2,543
Interest expense (2,194) (2,504)
Net Interest Income 104 39
Investment fair value changes, net (218) (94)
HEI income, net 0 0
Other income 0 0
Realized gains, net 0  
Total non-interest income, net (218) (94)
General and administrative expenses 0 0
Other expenses 0 0
Net Income (114) (55)
Sequoia | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 60,680 34,644
Interest expense (56,628) (30,055)
Net Interest Income 4,052 4,589
Investment fair value changes, net 5,346 2,442
HEI income, net 0 0
Other income 0 0
Realized gains, net 0  
Total non-interest income, net 5,346 2,442
General and administrative expenses 0 0
Other expenses 0 0
Net Income 9,398 7,031
CAFL | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 60,994 54,437
Interest expense (43,283) (39,542)
Net Interest Income 17,711 14,895
Investment fair value changes, net 13,503 (9,682)
HEI income, net 0 0
Other income 305 172
Realized gains, net 314  
Total non-interest income, net 14,122 (9,510)
General and administrative expenses 0 0
Other expenses 0 0
Net Income 31,833 5,385
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 14,616 15,493
Interest expense (13,980) (11,218)
Net Interest Income 636 4,275
Investment fair value changes, net 3,730 8,934
HEI income, net 0 0
Other income 0 0
Realized gains, net 0  
Total non-interest income, net 3,730 8,934
General and administrative expenses (14) 0
Other expenses 0 0
Net Income 4,352 13,209
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 4,581 4,618
Interest expense (4,199) (4,241)
Net Interest Income 382 377
Investment fair value changes, net 243 363
HEI income, net 0 0
Other income 0 0
Realized gains, net 0  
Total non-interest income, net 243 363
General and administrative expenses 0 0
Other expenses 0 0
Net Income 625 740
Servicing Investment | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 7,551 7,814
Interest expense (3,219) (3,848)
Net Interest Income 4,332 3,966
Investment fair value changes, net (1,503) (1,047)
HEI income, net 0 0
Other income 0 0
Realized gains, net 0  
Total non-interest income, net (1,503) (1,047)
General and administrative expenses (51) 10
Other expenses (556) (577)
Net Income 2,222 2,352
HEI | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Interest income 0 0
Interest expense 0 0
Net Interest Income 0 0
Investment fair value changes, net 0 0
HEI income, net 2,888 425
Other income 0 0
Realized gains, net 0  
Total non-interest income, net 2,888 425
General and administrative expenses 0 0
Other expenses 0 0
Net Income $ 2,888 $ 425