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Debt Obligations - Credit and Repurchase Facilities (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Apr. 30, 2024
Mar. 31, 2024
Feb. 29, 2024
Debt Obligations          
Debt Carrying Value $ 3,160,384 $ 3,237,827      
Collateral Carrying Value $ 4,509,926 4,606,657      
Wtd. Avg. Note Rate 7.83%        
Outstanding principal balance repaid $ 36,700 43,100      
Structured Business          
Debt Obligations          
Debt Carrying Value 2,825,213 2,824,501      
Collateral Carrying Value $ 4,168,998 4,062,162      
Wtd. Avg. Note Rate 7.96%        
Deferred financing fees $ 6,500 4,800      
Structured Business | $1.9B joint repurchase facility          
Debt Obligations          
Maximum borrowing capacity 1,900,000        
Debt Carrying Value 668,522 868,077      
Collateral Carrying Value $ 1,097,067 1,371,436      
Wtd. Avg. Note Rate 7.85%        
Structured Business | $1B repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 1,000,000        
Debt Carrying Value 291,605 385,779      
Collateral Carrying Value $ 465,061 589,533      
Wtd. Avg. Note Rate 7.83%        
Structured Business | $1B repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 1,000,000     $ 1,000,000  
Debt Carrying Value 668,484 447,490      
Collateral Carrying Value $ 912,135 597,205      
Wtd. Avg. Note Rate 8.29%        
Expiration period after the lender provides written notice 6 months        
Line of credit facility, repurchase period 6 months        
Structured Business | $649M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 649,000        
Debt Carrying Value 454,926 355,328      
Collateral Carrying Value $ 620,340 506,753      
Wtd. Avg. Note Rate 7.81%        
Structured Business | $350M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 350,000     $ 350,000  
Debt Carrying Value 151,611 262,820      
Collateral Carrying Value $ 228,535 362,465      
Wtd. Avg. Note Rate 7.53%        
Length of extension option       1 year  
Structured Business | $250M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 250,000     $ 250,000  
Debt Carrying Value 112,647 0      
Collateral Carrying Value $ 217,110 0      
Wtd. Avg. Note Rate 8.70%        
Length of extension option       1 year  
Structured Business | $250M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 250,000        
Debt Carrying Value 13,922 17,964      
Collateral Carrying Value $ 23,088 23,088      
Wtd. Avg. Note Rate 7.30%        
Structured Business | $250M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 250,000        
Debt Carrying Value 0 0      
Collateral Carrying Value $ 0 0      
Wtd. Avg. Note Rate 0.00%        
Structured Business | $200M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 200,000        
Debt Carrying Value 92,144 45,969      
Collateral Carrying Value $ 133,503 68,762      
Wtd. Avg. Note Rate 7.99%        
Structured Business | $200M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 200,000        
Debt Carrying Value 73,338 107,324      
Collateral Carrying Value $ 95,568 141,130      
Wtd. Avg. Note Rate 7.35%        
Structured Business | $166M loan specific credit facilities          
Debt Obligations          
Maximum borrowing capacity $ 166,000        
Debt Carrying Value 138,010 120,328      
Collateral Carrying Value $ 188,562 161,700      
Wtd. Avg. Note Rate 7.16%        
Structured Business | $150M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 150,000        
Debt Carrying Value 112,076 120,610      
Collateral Carrying Value $ 149,727 162,068      
Wtd. Avg. Note Rate 8.45%        
Structured Business | $100M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 100,000   $ 100,000    
Debt Carrying Value 6,775 32,579      
Collateral Carrying Value $ 13,692 41,522      
Wtd. Avg. Note Rate 7.13%        
Structured Business | $50M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 50,000        
Debt Carrying Value 0 29,200      
Collateral Carrying Value $ 0 36,500      
Wtd. Avg. Note Rate 0.00%        
Structured Business | $40M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 40,000        
Debt Carrying Value 15,518 0      
Collateral Carrying Value $ 24,610 0      
Wtd. Avg. Note Rate 7.79%        
Structured Business | $35M working capital facility          
Debt Obligations          
Maximum borrowing capacity $ 35,000        
Debt Carrying Value 0 0      
Collateral Carrying Value $ 0 0      
Wtd. Avg. Note Rate 0.00%        
Structured Business | Repurchase facility - securities          
Debt Obligations          
Debt Carrying Value $ 25,635 31,033      
Collateral Carrying Value $ 0 0      
Wtd. Avg. Note Rate 7.13%        
Structured Business | $500M repurchase facility          
Debt Obligations          
Maximum borrowing capacity         $ 500,000
Structured Business | $200M credit facility          
Debt Obligations          
Maximum borrowing capacity       $ 200,000  
Agency Business          
Debt Obligations          
Debt Carrying Value $ 335,171 413,326      
Collateral Carrying Value $ 340,928 544,495      
Wtd. Avg. Note Rate 6.76%        
Deferred financing fees $ 200 300      
Agency Business | $100M credit facility          
Debt Obligations          
Maximum borrowing capacity 100,000        
Debt Carrying Value 30,005 0      
Collateral Carrying Value $ 30,010 0      
Wtd. Avg. Note Rate 6.79%        
Agency Business | $50M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 50,000        
Debt Carrying Value 6,165 29,083      
Collateral Carrying Value $ 6,166 29,418      
Wtd. Avg. Note Rate 6.68%        
Agency Business | $750M ASAP agreement          
Debt Obligations          
Maximum borrowing capacity $ 750,000        
Debt Carrying Value 53,516 73,011      
Collateral Carrying Value $ 54,095 73,781      
Wtd. Avg. Note Rate 6.48%        
Agency Business | $500M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 500,000        
Debt Carrying Value 140,797 115,730      
Collateral Carrying Value $ 141,410 241,895      
Wtd. Avg. Note Rate 6.82%        
Agency Business | $200M credit facility          
Debt Obligations          
Maximum borrowing capacity $ 200,000        
Debt Carrying Value 96,237 187,138      
Collateral Carrying Value $ 97,064 187,185      
Wtd. Avg. Note Rate 6.73%        
Agency Business | $100M joint repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 100,000        
Debt Carrying Value 7,920 7,833      
Collateral Carrying Value $ 11,345 11,350      
Wtd. Avg. Note Rate 7.74%        
Agency Business | $1M repurchase facility          
Debt Obligations          
Maximum borrowing capacity $ 1,000        
Debt Carrying Value 531 531      
Collateral Carrying Value $ 838 $ 866      
Wtd. Avg. Note Rate 7.80%        
Structured and Agency Business | $3 Billion joint repurchase facility          
Debt Obligations          
Maximum borrowing capacity         $ 3,000,000
Structured and Agency Business | $2 Billion joint repurchase facility          
Debt Obligations          
Maximum borrowing capacity       $ 2,000,000