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Repurchase Agreements (Repurchase Agreements and Associated Assets Pledged as Collateral) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Repurchase Agreements    
Repurchase agreements $ 9,139,821 $ 7,879,087
Fair value pledged as collateral 11,300,000 9,500,000
Aggregate fair value 57,200 33,100
Agency MBS    
Repurchase Agreements    
Repurchase agreements 1,557,675 2,384,357
Fair value pledged as collateral $ 1,656,373 $ 2,572,597
Weighted average haircut rate 4.46% 4.60%
Non-Agency MBS    
Repurchase Agreements    
Repurchase agreements $ 1,121,802 $ 1,447,585
Fair value pledged as collateral $ 1,420,797 $ 1,871,650
Weighted average haircut rate 20.27% 21.38%
RPL/NPL MBS    
Repurchase Agreements    
Repurchase agreements $ 495,091 $ 1,084,532
Fair value pledged as collateral $ 635,005 $ 1,377,250
Weighted average haircut rate 21.52% 21.31%
CRT securities    
Repurchase Agreements    
Repurchase agreements $ 203,569 $ 391,586
Fair value pledged as collateral $ 252,175 $ 480,315
Weighted average haircut rate 18.84% 20.01%
Residential whole loans, at fair value    
Repurchase Agreements    
Repurchase agreements $ 4,743,094 $ 2,020,508
Fair value pledged as collateral $ 5,986,267 $ 2,441,931
Weighted average haircut rate 20.07% 16.55%
Term Notes Backed by MSR-Related Collateral    
Repurchase Agreements    
Repurchase agreements $ 962,515 $ 474,127
Fair value pledged as collateral $ 1,217,002 $ 611,807
Weighted average haircut rate 21.18% 21.88%
Other Interest Earning Assets    
Repurchase Agreements    
Repurchase agreements $ 57,198 $ 76,419
Fair value pledged as collateral $ 61,708 $ 81,494
Weighted average haircut rate 22.01% 21.15%
Repurchase agreements    
Repurchase Agreements    
Weighted average remaining term-to-interest rate reset of borrowings under repurchase agreements 40 days 31 days
Effective repricing period 10 months 8 months
Repurchase agreements $ 9,140,944 $ 7,879,114
Unamortized debt issuance expense 1,123 27
Loan Securitization    
Repurchase Agreements    
Fair value pledged as collateral 238,800 27,000
Residential Loans At Fair Value | Assets Pledged Under Repurchase Agreements    
Repurchase Agreements    
Fair value 5,000,000 1,700,000
Amortized cost 4,800,000 1,600,000
Aggregate fair value $ 794,700 $ 738,600