v3.20.1

Valuation (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) | [1] | $ 1,481,395 | $ 2,449,941
Investment in unconsolidated entities, at fair value | [1] | 65,397 | 71,850
Financial derivatives–assets, at fair value- |  | 31,752 | 16,788
Repurchase agreements, at fair value |  | 13,239 | 73,639
Investments sold short, at fair value- |  | (13,291) | (73,409)
Financial derivatives–liabilities, at fair value- |  | (47,772) | (27,621)
Other secured borrowings, at fair value | [1] | (549,668) | (594,396)
Fair Value, Measurements, Recurring |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investment in unconsolidated entities, at fair value |  | 65,397 | 71,850
Total assets |  | 3,022,133 | 3,951,005
Other secured borrowings, at fair value |  | (549,668) | (594,396)
Total liabilities |  | (610,731) | (695,426)
Fair Value, Measurements, Recurring | Investments Sold Short | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | (1,419) | (471)
Fair Value, Measurements, Recurring | Investments Sold Short | Government debt |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | (11,872) | (72,938)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (1,922) | (14,524)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (62) | (1,693)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (162) | (250)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (32,286) | (8,719)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (6,391) | (1,012)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (6,049) | (45)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (61) | (169)
Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (839) | (1,209)
Fair Value, Measurements, Recurring | Securities | Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 1,016,001 | 1,936,963
Fair Value, Measurements, Recurring | Securities | Non-Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 162,703 | 166,550
Fair Value, Measurements, Recurring | Securities | CMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 75,815 | 124,868
Fair Value, Measurements, Recurring | Securities | CLOs |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 169,273 | 170,443
Fair Value, Measurements, Recurring | Securities | Asset-backed securities, backed by consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 54,627 | 48,610
Fair Value, Measurements, Recurring | Securities | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 610 | 1,113
Fair Value, Measurements, Recurring | Securities | Corporate equity securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 712 | 1,394
Fair Value, Measurements, Recurring | Securities | U.S. Treasury securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 1,654 |
Fair Value, Measurements, Recurring | Loans | Residential mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 939,372 | 932,203
Fair Value, Measurements, Recurring | Loans | Commercial mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 303,300 | 274,759
Fair Value, Measurements, Recurring | Loans | Consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 194,803 | 186,954
Fair Value, Measurements, Recurring | Loans | Corporate loan [Member] |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 6,114 | 18,510
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 353 | 993
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 3,732 | 5,599
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 1,202 | 2
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 14,276 | 3,319
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 8,592 | 5,468
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 551 | 596
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 37 | 148
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 188 | 43
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 37 | 620
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Options |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 2,658 |
Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Warrants |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 126 |
Fair Value, Measurements, Recurring | Level 1 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investment in unconsolidated entities, at fair value |  | 0 | 0
Total assets |  | 37 | 148
Other secured borrowings, at fair value |  | 0 | 0
Total liabilities |  | (6,049) | (45)
Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Government debt |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (6,049) | (45)
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | Non-Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | CMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | CLOs |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | Asset-backed securities, backed by consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | Corporate equity securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Securities | U.S. Treasury securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 |
Fair Value, Measurements, Recurring | Level 1 | Loans | Residential mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Loans | Commercial mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Loans | Consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Loans | Corporate loan [Member] |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 37 | 148
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Options |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 |
Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Warrants |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 |
Fair Value, Measurements, Recurring | Level 2 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investment in unconsolidated entities, at fair value |  | 0 | 0
Total assets |  | 1,277,513 | 2,229,582
Other secured borrowings, at fair value |  | 0 | 0
Total liabilities |  | (54,175) | (100,549)
Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | (1,419) | (471)
Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Government debt |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | (11,872) | (72,938)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (1,922) | (14,524)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (62) | (1,693)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (162) | (250)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (32,286) | (8,719)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (6,391) | (1,012)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (61) | (169)
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | (773)
Fair Value, Measurements, Recurring | Level 2 | Securities | Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 995,020 | 1,917,059
Fair Value, Measurements, Recurring | Level 2 | Securities | Non-Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 68,506 | 76,969
Fair Value, Measurements, Recurring | Level 2 | Securities | CMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 55,539 | 95,063
Fair Value, Measurements, Recurring | Level 2 | Securities | CLOs |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 125,469 | 125,464
Fair Value, Measurements, Recurring | Level 2 | Securities | Asset-backed securities, backed by consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Securities | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Securities | Corporate equity securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Securities | U.S. Treasury securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 1,654 |
Fair Value, Measurements, Recurring | Level 2 | Loans | Residential mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Loans | Commercial mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Loans | Consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Loans | Corporate loan [Member] |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 3,732 | 5,599
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 1,202 | 2
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 14,276 | 3,319
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 8,592 | 5,468
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 551 | 596
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 188 | 43
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Options |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 2,658 |
Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Warrants |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 126 |
Fair Value, Measurements, Recurring | Level 3 |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investment in unconsolidated entities, at fair value |  | 65,397 | 71,850
Total assets |  | 1,744,583 | 1,721,275
Other secured borrowings, at fair value |  | (549,668) | (594,396)
Total liabilities |  | (550,507) | (594,832)
Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Government debt |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Investments sold short, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–liabilities, at fair value- |  | (839) | (436)
Fair Value, Measurements, Recurring | Level 3 | Securities | Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 20,981 | 19,904
Fair Value, Measurements, Recurring | Level 3 | Securities | Non-Agency RMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 94,197 | 89,581
Fair Value, Measurements, Recurring | Level 3 | Securities | CMBS |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 20,276 | 29,805
Fair Value, Measurements, Recurring | Level 3 | Securities | CLOs |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 43,804 | 44,979
Fair Value, Measurements, Recurring | Level 3 | Securities | Asset-backed securities, backed by consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 54,627 | 48,610
Fair Value, Measurements, Recurring | Level 3 | Securities | Corporate debt securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 610 | 1,113
Fair Value, Measurements, Recurring | Level 3 | Securities | Corporate equity securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 712 | 1,394
Fair Value, Measurements, Recurring | Level 3 | Securities | U.S. Treasury securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Securities, at fair value(1) |  | 0 |
Fair Value, Measurements, Recurring | Level 3 | Loans | Residential mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 939,372 | 932,203
Fair Value, Measurements, Recurring | Level 3 | Loans | Commercial mortgage loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 303,300 | 274,759
Fair Value, Measurements, Recurring | Level 3 | Loans | Consumer loans |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 194,803 | 186,954
Fair Value, Measurements, Recurring | Level 3 | Loans | Corporate loan [Member] |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Loans, at fair value |  | 6,114 | 18,510
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 353 | 993
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on corporate bonds |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Interest rate swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | TBA securities |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Futures |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Forwards |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Total return swaps |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 37 | $ 620
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Options |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | 0 |
Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Warrants |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |
Financial derivatives–assets, at fair value- |  | $ 0 |
[1] | Ellington Financial Inc.'s Condensed Consolidated Balance Sheet includes assets and liabilities of variable interest entities it has consolidated. See Note 9 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.

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