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Business Purpose Residential Loans (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
loan
Dec. 31, 2019
USD ($)
loan
Mar. 31, 2020
USD ($)
loan
Mar. 31, 2019
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Purchases of held-for-sale loans     $ 2,665,447 $ 989,977
Proceeds from sales of held-for-sale loans     $ 2,733,285 851,331
Number of loans transferred | loan     1  
Transfer to REO     $ 6,363 5,035
Commitment To Fund Residential Bridge Loan        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Commitment to fund loan $ 223,000   223,000  
Business purpose residential loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Proceeds from loan originations     487,000  
Market valuations gains (losses), net     (200)  
Fee income     8,000  
Loans, at fair value 3,463,742 $ 3,506,743 3,463,742  
Residential bridge loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Proceeds from loan originations to third parties     21,000  
Loans, at fair value $ 799,744 $ 745,006 799,744  
Single-Family Rental, Held-for-sale at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans | loan 222 201    
Loan principal $ 440,000 $ 322,000 440,000  
Loans, at fair value $ 415,000 $ 332,000 415,000  
Purchases of held-for-sale loans     260,000  
Gain (loss) on investments     $ 10,000 1,000
Weighted average coupon rate 4.93%   4.93%  
Contract maturities     7 years  
Weighted average original loan-to-value (LTV) 70.00%   70.00%  
Weighted-average debt service coverage ratio     1.38  
Number of loans in foreclosure | loan 1 1 1  
Loans held-for-investment, in foreclosure $ 100 $ 100 $ 100  
Loans maturity one     5 years  
Loans maturity two     7 years  
Loans maturity three     10 years  
Residential Bridge, Held-for-sale at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value 0 0 $ 0  
Held-for-sale at fair value, Total        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value $ 415,333 $ 331,565 415,333  
Single-family rental loans held-for-investment        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Transfer from Investments     38,000  
Residential Bridge, Held-for-investment at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans | loan 3,053 2,653    
Loan principal $ 833,000 $ 743,000 833,000  
Loans, at fair value $ 799,744 745,006 799,744  
Purchases of held-for-sale loans     206,000  
Gain (loss) on investments     $ (39,000) (300)
Weighted average coupon rate 7.95%   7.95%  
Weighted average original loan-to-value (LTV) 69.00%   69.00%  
Unpaid principal balance on delinquent or foreclosure loans $ 21,000 $ 12,000 $ 21,000  
Number of loans in foreclosure | loan 16 31 16  
Loans held-for-investment, in foreclosure $ 24,000 $ 14,000 $ 24,000  
Transfer to REO     $ 1,000  
Weighted average original FICO score 728   728  
Residential Bridge, Held-for-investment at fair value | Minimum        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Contract maturities     6 months  
Residential Bridge, Held-for-investment at fair value | Maximum        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Contract maturities     24 months  
Held-for-investment at fair value, Total        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value $ 3,048,409 $ 3,175,178 $ 3,048,409  
Business Purpose Mortgage Banking Activities        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Market valuations gains (losses), net     $ (3,934) $ 86
Financing Receivables, Equal to Greater than 90 Days Past Due | Single-Family Rental, Held-for-sale at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans past due | loan 2 2 2  
Loans held-for-investment, delinquent greater than 90 days $ 1,000 $ 2,000 $ 1,000  
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Bridge, Held-for-investment at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans past due | loan 11 15 11  
Loans held-for-investment, delinquent greater than 90 days $ 36,000 $ 9,000 $ 36,000  
Unpaid principal balance on delinquent or foreclosure loans 32,000 7,000 32,000  
Redwood        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value 415,333 569,185 415,333  
Redwood | Single-Family Rental, Held-for-sale at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value $ 415,333 $ 331,565 415,333  
Redwood | Single-family rental loans held-for-investment        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans | loan 0 107    
Loan principal   $ 231,000    
Loans, at fair value $ 0 237,620 0  
Gain (loss) on investments     $ (23,000)  
Number of loans in foreclosure | loan 0   0  
CoreVest        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value $ 2,248,665 2,192,552 $ 2,248,665  
CoreVest | Single-Family Rental, Held-for-sale at fair value        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value 0 0 0  
CoreVest | Single-family rental loans held-for-investment        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Loans, at fair value $ 2,248,665 $ 2,192,552 2,248,665  
CAFL | Single family rental loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Proceeds from sales of held-for-sale loans     26,000  
CAFL | Single-family rental loans held-for-investment        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans | loan 889 783    
Loan principal $ 2,370,000 $ 2,080,000 2,370,000  
Loans, at fair value $ 2,250,000 $ 2,190,000 2,250,000  
Gain (loss) on investments     $ (272,000)  
Weighted average coupon rate 5.60%   5.60%  
Contract maturities     6 years  
Weighted average original loan-to-value (LTV) 68.00%   68.00%  
Weighted-average debt service coverage ratio     1.36  
Number of loans in foreclosure | loan 7 5 7  
Loans held-for-investment, in foreclosure $ 10,000 $ 9,000 $ 10,000  
Loans maturity one     5 years  
Loans maturity two     7 years  
Loans maturity three     10 years  
CAFL | Financing Receivables, Equal to Greater than 90 Days Past Due | Single-family rental loans held-for-investment        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Number of loans past due | loan 14 18 14  
Loans held-for-investment, delinquent greater than 90 days $ 24,000 $ 29,000 $ 24,000