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Fair Value of Financial Instruments (Level 3 Assets) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Excluded amount, unsettled purchases, residential whole loans, at fair value   $ 194,700
Residential whole loans held at fair value for which the closing price of the purchase transaction had not occurred $ 70,600  
Recurring basis | Level 3 | Residential whole loans, at fair value    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 1,471,263 1,325,115
Purchases 234,979 500,004
Changes in unrealized gain/(losses) 47,848 36,725
Collection of principal (152,011) (199,203)
Repurchases (1,337) (1,807)
Transfer to REO (219,159) (189,571)
Balance at end of period 1,381,583 1,471,263
Recurring basis | Level 3 | Term Notes Backed by MSR-Related Collateral    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 538,499 381,804
Purchases 573,137 548,404
Collection of principal (12,897) (390,898)
Changes in unrealized gain/(losses) 5,391 (811)
Transfer to Level 2 (1,104,130) 0
Balance at end of period $ 0 538,499
Residential whole loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Excluded amount, unsettled purchases, residential whole loans, at fair value   $ 194,700