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Use of Special Purpose Entities and Variable Interest Entities (Narrative) (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Variable Interest Entity [Line Items]    
Residential whole loans, carrying value [1],[2] $ 5,934,042 $ 6,069,370
Residential whole loans, at fair value [2] 1,243,792 1,381,583
Securitized debt 533,733 570,952
Residential whole loans, net 5,716,031 6,066,345
Total residential whole loans 7,000,000 7,400,000
Asset-backed Securities, Securitized Loans and Receivables    
Variable Interest Entity [Line Items]    
Residential whole loans, carrying value 185,900 186,400
Residential whole loans, at fair value 516,400 567,400
Securitized debt 533,733 570,952
Asset-backed Securities, Securitized Loans and Receivables | Other Assets    
Variable Interest Entity [Line Items]    
Real estate owned at fair value $ 129,100 $ 137,800
[1]
Includes Non-QM loans held-for-sale with an amortized cost of $965.5 million and a net carrying value of $895.3 million at March 31, 2020.
[2] Includes approximately $185.9 million and $186.4 million of Residential whole loans, at carrying value and $516.4 million and $567.4 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at March 31, 2020 and December 31, 2019, respectively. Such assets can be used only to settle the obligations of each respective VIE