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Debt Obligations - Credit and Repurchase Facilities (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Jun. 30, 2024
Apr. 30, 2024
Mar. 31, 2024
Feb. 29, 2024
Debt Obligations            
Debt Carrying Value $ 3,257,719 $ 3,237,827        
Collateral Carrying Value $ 4,647,278 4,606,657        
Wtd. Avg. Note Rate 7.38%          
Outstanding principal balance repaid $ 31,400 43,100        
Structured Business            
Debt Obligations            
Debt Carrying Value 2,938,300 2,824,501        
Collateral Carrying Value $ 4,323,145 4,062,162        
Wtd. Avg. Note Rate 7.49%          
Deferred financing fees $ 6,100 4,800        
Structured Business | $1.9B joint repurchase facility            
Debt Obligations            
Maximum borrowing capacity 1,900,000          
Debt Carrying Value 692,187 868,077        
Collateral Carrying Value $ 1,131,634 1,371,436        
Wtd. Avg. Note Rate 7.36%          
Structured Business | $1B repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 1,000,000          
Debt Carrying Value 164,403 385,779        
Collateral Carrying Value $ 262,020 589,533        
Wtd. Avg. Note Rate 7.43%          
Structured Business | $1B repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 1,000,000       $ 1,000,000  
Debt Carrying Value 749,244 447,490        
Collateral Carrying Value $ 1,011,816 597,205        
Wtd. Avg. Note Rate 7.51%          
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 490,019 355,328        
Collateral Carrying Value $ 667,585 506,753        
Wtd. Avg. Note Rate 7.44%          
Structured Business | $400M credit facility            
Debt Obligations            
Maximum borrowing capacity $ 400,000          
Debt Carrying Value 131,818 0        
Collateral Carrying Value $ 198,666 0        
Wtd. Avg. Note Rate 8.21%          
Structured Business | $350M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 350,000       $ 350,000  
Debt Carrying Value 134,009 262,820        
Collateral Carrying Value $ 203,135 362,465        
Wtd. Avg. Note Rate 7.05%          
Length of extension option         1 year  
Structured Business | $250M credit facility            
Debt Obligations            
Maximum borrowing capacity $ 250,000       $ 250,000  
Debt Carrying Value 140,842 0        
Collateral Carrying Value $ 271,985 0        
Wtd. Avg. Note Rate 8.21%          
Length of extension option 1 year       1 year  
Structured Business | $250M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 250,000          
Debt Carrying Value 0 0        
Collateral Carrying Value $ 0 0        
Wtd. Avg. Note Rate 0.00%          
Length of extension option 1 year          
Structured Business | $250M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 250,000          
Debt Carrying Value 0 17,964        
Collateral Carrying Value $ 0 23,088        
Wtd. Avg. Note Rate 0.00%          
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 110,095 45,969        
Collateral Carrying Value $ 154,402 68,762        
Wtd. Avg. Note Rate 7.50%          
Structured Business | $200M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 200,000          
Debt Carrying Value 62,253 107,324        
Collateral Carrying Value $ 92,634 141,130        
Wtd. Avg. Note Rate 6.89%          
Structured Business | $150M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 150,000          
Debt Carrying Value 82,801 120,610        
Collateral Carrying Value $ 110,694 162,068        
Wtd. Avg. Note Rate 7.95%          
Structured Business | $143M loan specific credit facilities            
Debt Obligations            
Maximum borrowing capacity $ 143,000          
Debt Carrying Value 143,117 120,328        
Collateral Carrying Value $ 193,964 161,700        
Wtd. Avg. Note Rate 7.39%          
Structured Business | $100M credit facility            
Debt Obligations            
Maximum borrowing capacity $ 100,000     $ 100,000    
Debt Carrying Value 0 32,579        
Collateral Carrying Value $ 0 41,522        
Wtd. Avg. Note Rate 0.00%          
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 15,550 0        
Collateral Carrying Value $ 24,610 0        
Wtd. Avg. Note Rate 7.30%          
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 $ 21,962 31,033        
Collateral Carrying Value $ 0 0        
Wtd. Avg. Note Rate 6.64%          
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 $ 319,419 413,326        
Collateral Carrying Value $ 324,133 544,495        
Wtd. Avg. Note Rate 6.37%          
Deferred financing fees $ 200 300        
Agency Business | $100M credit facility            
Debt Obligations            
Maximum borrowing capacity 100,000          
Debt Carrying Value 17,514 0        
Collateral Carrying Value $ 17,550 0        
Wtd. Avg. Note Rate 6.31%          
Agency Business | $50M credit facility            
Debt Obligations            
Maximum borrowing capacity $ 50,000          
Debt Carrying Value 5,245 29,083        
Collateral Carrying Value $ 5,245 29,418        
Wtd. Avg. Note Rate 6.31%          
Agency Business | $750M ASAP agreement            
Debt Obligations            
Maximum borrowing capacity $ 750,000          
Debt Carrying Value 17,445 73,011        
Collateral Carrying Value $ 17,474 73,781        
Wtd. Avg. Note Rate 6.31%          
Agency Business | $500M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 500,000   $ 500,000      
Debt Carrying Value 197,646 115,730        
Collateral Carrying Value $ 198,148 241,895        
Wtd. Avg. Note Rate 6.33%          
Agency Business | $200M credit facility            
Debt Obligations            
Maximum borrowing capacity $ 200,000          
Debt Carrying Value 73,315 187,138        
Collateral Carrying Value $ 73,563 187,185        
Wtd. Avg. Note Rate 6.36%          
Agency Business | $100M joint repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 100,000          
Debt Carrying Value 7,921 7,833        
Collateral Carrying Value $ 11,329 11,350        
Wtd. Avg. Note Rate 7.58%          
Agency Business | $1M repurchase facility            
Debt Obligations            
Maximum borrowing capacity $ 1,000          
Debt Carrying Value 333 531        
Collateral Carrying Value $ 824 $ 866        
Wtd. Avg. Note Rate 7.30%          
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