XML 96 R85.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Residential Consumer Loans - Characteristics of Residential Consumer Loans Held-for-Investment (Details) - Held-for-investment at fair value
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
loan
Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 1,017 1,059
Unpaid principal balance $ 146,688 $ 156,053
Fair value of loans $ 131,859 $ 139,739
Weighted average coupon 6.59% 6.54%
Number of loans in foreclosure | loan 5 7
Unpaid principal balance of loans in foreclosure $ 1,086 $ 1,848
Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 7,078 6,070
Unpaid principal balance $ 6,294,974 $ 5,242,860
Fair value of loans $ 5,640,341 $ 4,640,464
Weighted average coupon 4.52% 4.08%
Number of loans in foreclosure | loan 6 5
Unpaid principal balance of loans in foreclosure $ 5,335 $ 3,386
Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 10,187 10,302
Unpaid principal balance $ 1,593,040 $ 1,614,974
Fair value of loans $ 1,332,686 $ 1,359,242
Weighted average coupon 4.50% 4.50%
Number of loans in foreclosure | loan 286 292
Unpaid principal balance of loans in foreclosure $ 47,490 $ 47,654
Financing Receivables, Equal to Greater than 90 Days Past Due | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans with 90+ day delinquencies | loan 15 16
Fair value of loans with 90+ day delinquencies $ 4,328 $ 4,141
Financing Receivables, Equal to Greater than 90 Days Past Due | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans with 90+ day delinquencies | loan 14 11
Fair value of loans with 90+ day delinquencies $ 11,904 $ 8,882
Financing Receivables, Equal to Greater than 90 Days Past Due | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans with 90+ day delinquencies | loan 743 796
Fair value of loans with 90+ day delinquencies $ 125,401 $ 132,307