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Residential Loans - Characteristics of Loans Held-for-Investment (Details) - Held-for-investment at fair value
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
loan
Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 1,222 1,304
Unpaid principal balance $ 189,757 $ 204,404
Fair value of loans $ 170,000 $ 184,932
Weighted average coupon (as a percent) 5.57% 4.51%
Number of loans in foreclosure | loan 10 11
Unpaid principal balance of loans in foreclosure $ 2,336 $ 1,166
Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 5,287 4,624
Unpaid principal balance $ 4,449,021 $ 3,847,091
Fair value of loans $ 3,831,538 $ 3,190,417
Weighted average coupon (as a percent) 3.56% 3.25%
Number of loans in foreclosure | loan 3 5
Unpaid principal balance of loans in foreclosure $ 2,308 $ 4,654
Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of loans | loan 10,748 10,882
Unpaid principal balance $ 1,695,479 $ 1,719,236
Fair value of loans $ 1,464,345 $ 1,457,058
Weighted average coupon (as a percent) 4.50% 4.50%
Number of loans in foreclosure | loan 418 427
Unpaid principal balance of loans in foreclosure $ 74,676 $ 72,440
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 26 30
Fair value of loans with 90+ day delinquencies $ 5,856 $ 6,824
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 7 10
Fair value of loans with 90+ day delinquencies $ 5,147 $ 7,799
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 1,033 1,211
Fair value of loans with 90+ day delinquencies $ 174,559 $ 209,397