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Principles of Consolidation - Schedule of Income (Loss) from Consolidated VIEs (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Variable Interest Entity [Line Items]        
Interest income $ 225,417 $ 178,981 $ 430,157 $ 357,497
Interest expense (200,124) (152,885) (380,654) (304,964)
Net Interest Income 25,293 26,096 49,503 52,533
Investment fair value changes, net 1,098 (13,517) 22,935 (17,909)
HEI income, net 15,839 8,921 24,870 13,186
Realized gains, net 0 1,056 409 1,054
Total non-interest income, net 42,154 17,170 92,493 38,268
Net Income 15,534 2,873 45,796 7,493
VIEs        
Variable Interest Entity [Line Items]        
Interest income 166,032 122,683 316,752 242,232
Interest expense (136,581) (93,955) (260,085) (185,363)
Net Interest Income 29,451 28,728 56,667 56,869
Investment fair value changes, net 12,883 1,594 33,984 3,388
HEI income, net 4,176 453 7,064  
Other income 428 212 733 384
Realized gains, net     314  
Total non-interest income, net 17,487 2,259 42,095 3,772
General and administrative expenses (53) (3) (118) 7
Other expenses (2,974) (1,904) (3,530) (2,481)
Net Income 43,911 29,080 95,114 58,167
Sequoia | VIEs        
Variable Interest Entity [Line Items]        
Interest income 80,881 40,218 143,859 77,405
Interest expense (74,373) (36,653) (133,195) (69,212)
Net Interest Income 6,508 3,565 10,664 8,193
Investment fair value changes, net 4,322 918 9,450 3,266
HEI income, net 0 0 0  
Other income 0 0 0 0
Realized gains, net     0  
Total non-interest income, net 4,322 918 9,450 3,266
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income 10,830 4,483 20,114 11,459
CAFL | VIEs        
Variable Interest Entity [Line Items]        
Interest income 58,881 54,583 119,875 109,020
Interest expense (41,279) (38,545) (84,562) (78,087)
Net Interest Income 17,602 16,038 35,313 30,933
Investment fair value changes, net 2,597 11,601 16,100 1,919
HEI income, net 0 0 0  
Other income 428 212 733 384
Realized gains, net     314  
Total non-interest income, net 3,025 11,813 17,147 2,303
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income 20,627 27,851 52,460 33,236
Freddie Mac SLST | VIEs        
Variable Interest Entity [Line Items]        
Interest income 14,308 15,273 28,924 30,766
Interest expense (13,610) (10,650) (27,591) (21,868)
Net Interest Income 698 4,623 1,333 8,898
Investment fair value changes, net (5,137) (16,563) (1,407) (7,629)
HEI income, net 0 0 0  
Other income 0 0 0 0
Realized gains, net     0  
Total non-interest income, net (5,137) (16,563) (1,407) (7,629)
General and administrative expenses (14) 0 (28) 0
Other expenses 0 0 0 0
Net Income (4,453) (11,940) (102) 1,269
Freddie Mac K-Series | VIEs        
Variable Interest Entity [Line Items]        
Interest income 4,559 4,698 9,140 9,316
Interest expense (4,177) (4,311) (8,376) (8,552)
Net Interest Income 382 387 764 764
Investment fair value changes, net 452 385 695 748
HEI income, net 0 0 0  
Other income 0 0 0 0
Realized gains, net     0  
Total non-interest income, net 452 385 695 748
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income 834 772 1,459 1,512
Servicing Investment | VIEs        
Variable Interest Entity [Line Items]        
Interest income 7,403 7,911 14,954 15,725
Interest expense (3,142) (3,796) (6,361) (7,644)
Net Interest Income 4,261 4,115 8,593 8,081
Investment fair value changes, net 10,649 5,253 9,146 4,206
HEI income, net 0 0 0  
Other income 0 0 0 0
Realized gains, net     0  
Total non-interest income, net 10,649 5,253 9,146 4,206
General and administrative expenses (39) (3) (90) 7
Other expenses (2,974) (1,904) (3,530) (2,481)
Net Income 11,897 7,461 14,119 9,813
HEI | VIEs        
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 0 0 0 878
HEI income, net 4,176 453 7,064  
Other income 0 0 0 0
Realized gains, net     0  
Total non-interest income, net 4,176 453 7,064 878
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income $ 4,176 $ 453 $ 7,064 $ 878