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Real Estate Securities - Additional Information (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
investment
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
investment
Jun. 30, 2019
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
investment
Investment Holdings [Line Items]            
Available-for-sale securities $ 173,737,000   $ 173,737,000     $ 239,334,000
Trading securities 142,699,000   142,699,000     $ 860,540,000
Trading securities acquired 10,000,000 $ 115,000,000 67,000,000 $ 269,000,000    
Trading securities sold 86,000,000 132,000,000 705,000,000 161,000,000    
Increase (decrease) in valuation of trading securities 42,000,000 18,000,000 (221,000,000) 40,000,000    
Available-for-sale securities purchased 0 4,000,000 31,000,000 9,000,000    
Available-for-sale securities sold 9,000,000 25,000,000 55,000,000 67,000,000    
Net realized gains on AFS securities $ 1,000,000 $ 3,000,000 $ 5,000,000 $ 9,000,000    
Number of AFS securities (in investments) | investment 94   94     107
Number of securities in unrealized loss position | investment 13   13     1
Number of securities in a continuous unrealized loss position for twelve consecutive months or longer (in investments) | investment 0   0     1
Gross unrealized losses $ 3,846,000   $ 3,846,000     $ 29,000
CECL credit allowance 1,471,000   1,471,000   $ 1,525,000 0
Interest Only Senior Trading Securities            
Investment Holdings [Line Items]            
Debt securities, trading 33,000,000   33,000,000     64,000,000
Unpaid principal balance 0   0     84,000,000
Certificated Servicing Strips            
Investment Holdings [Line Items]            
Debt securities, trading 14,000,000   14,000,000     36,000,000
Re-preforming Loans Securities [Member]            
Investment Holdings [Line Items]            
Debt securities, trading 11,000,000   11,000,000     55,000,000
Residential            
Investment Holdings [Line Items]            
Available-for-sale securities 150,000,000   150,000,000     230,000,000
AFS securities, contractual maturities 21,000,000   21,000,000      
Marketable securities, due from five to ten years 2,000,000   2,000,000      
CECL credit allowance 37,785,000   37,785,000   $ 37,717,000 32,940,000
Residential | Sequoia Choice            
Investment Holdings [Line Items]            
Available-for-sale securities 118,000,000   118,000,000     141,000,000
Residential | Other Third Party Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 33,000,000   33,000,000     90,000,000
Third Party Multifamily Mortgage-backed Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 23,000,000   23,000,000     9,000,000
Mezzanine            
Investment Holdings [Line Items]            
Available-for-sale securities 0   0     13,687,000
Gross unrealized losses 0   0     0
CECL credit allowance 0   0      
Mezzanine | Subordinate Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 0   0     13,687,000
Trading securities 3,514,000   3,514,000     538,489,000
Mezzanine | Sequoia securities            
Investment Holdings [Line Items]            
Trading securities 4,000,000   4,000,000     39,000,000
Mezzanine | Re-preforming Loans Securities [Member]            
Investment Holdings [Line Items]            
Trading securities 0   0     30,000,000
Mezzanine | Other Third Party Securities            
Investment Holdings [Line Items]            
Trading securities 0   0     104,000,000
Mezzanine | Third Party Multifamily Mortgage-backed Securities            
Investment Holdings [Line Items]            
Trading securities 0   0     395,000,000
Mezzanine | Trading securities            
Investment Holdings [Line Items]            
Unpaid principal balance 4,000,000   4,000,000     537,000,000
Residential Subordinate Securities | Trading securities            
Investment Holdings [Line Items]            
Unpaid principal balance 272,000,000   272,000,000     302,000,000
Subordinate Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 173,737,000   173,737,000     199,855,000
Gross unrealized losses 3,846,000   3,846,000     0
CECL credit allowance 1,471,000   1,471,000      
Subordinate Securities | Credit Risk Transfer (CRT) Securities            
Investment Holdings [Line Items]            
Trading securities 50,000,000   50,000,000     90,000,000
Subordinate Securities | Other Third Party Securities            
Investment Holdings [Line Items]            
Trading securities 52,000,000   52,000,000     82,000,000
Subordinate Securities | Third Party Multifamily Mortgage-backed Securities            
Investment Holdings [Line Items]            
Trading securities 49,000,000   49,000,000     76,000,000
Subordinate | Subordinate Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 173,737,000   173,737,000     199,855,000
Trading securities $ 106,325,000   $ 106,325,000     $ 171,984,000