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Subsequent Events (Details) - USD ($)
 2 Months Ended 3 Months Ended
Jun. 15, 2020
Apr. 27, 2020
May 31, 2020
Mar. 31, 2020
Mar. 31, 2019
Jun. 26, 2020
Jun. 19, 2020
Apr. 24, 2020
Apr. 10, 2020
Mar. 24, 2020
Dec. 31, 2019
Subsequent Event [Line Items]                      
Proceeds from sale of debt securities available-for-sale       $ 1,009,316,000 $ 208,306,000            
Residential whole loans, carrying value [1],[2]       5,934,042,000             $ 6,069,370,000
MSR-related assets       738,054,000             1,217,002,000
Available-for-sale securities       1,927,454,000             3,983,519,000
Repurchase agreements       7,768,180,000             9,139,821,000
Cash and cash equivalents       116,465,000             70,629,000
Cash on deposit with repurchase agreement counterparties       216,902,000             64,035,000
Subsequent Event                      
Subsequent Event [Line Items]                      
Secured debt             $ 29,100,000        
Proceeds from sale of residential mortgage assets     $ 3,200,000,000                
Secured debt decrease     3,900,000,000                
Proceeds from sale of debt securities available-for-sale     2,400,000,000                
Proceeds from sale of term notes back by MSR-related collateral     574,900,000                
Proceeds from sale of other interest earning assets     15,600,000                
Available-for-salesecurities, realized gains     177,500,000                
Unrealized gain on securities     57,000,000.0                
Proceeds from sale of residential whole loans     845,200,000                
Available-for-sale securities, gross realized losses     128,400,000                
Realized loss, net of reversal     58,200,000                
Residential whole loans, net     6,600,000,000                
Residential whole loans, carrying value     6,200,000,000                
MSR-related assets     235,400,000                
Available-for-sale securities     136,400,000                
Repurchase agreements     $ 3,800,000,000                
Debt to equity ratio     190.00%                
Cash and cash equivalents             343,600,000        
Cash on deposit with repurchase agreement counterparties             $ 103,500,000        
Repurchase Agreement Financing Arrangements                      
Subsequent Event [Line Items]                      
Secured debt                   $ 9,500,000,000  
Initial FBA | Subsequent Event                      
Subsequent Event [Line Items]                      
Secured debt                 $ 5,800,000,000    
Second FBA | Subsequent Event                      
Subsequent Event [Line Items]                      
Secured debt               $ 5,300,000,000      
Cash payment to counterparties   $ 150,000,000                  
Investment Agreement | Subsequent Event                      
Subsequent Event [Line Items]                      
Warrant, number of securities callable by each warrant (in shares)           37,039,106          
Participating Counterparties | Initial FBA | Subsequent Event                      
Subsequent Event [Line Items]                      
Secured debt                 $ 4,800,000,000    
Secured debt as a percent                 83.00%    
Collateralized financings                 $ 1,300,000,000    
Participating Counterparties | Second FBA | Subsequent Event                      
Subsequent Event [Line Items]                      
Secured debt   $ 4,400,000,000                  
Secured debt as a percent   84.00%                  
Term Loan Facility | Subsequent Event                      
Subsequent Event [Line Items]                      
Maximum borrowing capacity $ 500,000,000                    
Original issue discount, term loan 1.00%                    
Stated interest rate 11.00%                    
Optional prepayment rate prior to 3rd anniversary 3.00%                    
Interest rate increase on third anniversary 1.00%                    
Additional interest rate increase on each subsequent anniversary of the Funding Date 1.00%                    
Increase upon of default status 2.00%                    
Optional Prepayment Amount $ 250,000,000                    
Asset Level Debt Facility | Subsequent Event                      
Subsequent Event [Line Items]                      
Maximum borrowing capacity           $ 1,650,000,000          
Amount of shares agreed to be purchased by counterparty           4.90%          
Aggregate gross purchase price per Agreement           $ 50,000,000          
Agency MBS                      
Subsequent Event [Line Items]                      
Available-for-sale securities       553,413,000             1,664,582,000
Repurchase agreements       522,209,000             1,557,675,000
Agency MBS | Subsequent Event                      
Subsequent Event [Line Items]                      
Proceeds from sale of debt securities available-for-sale     $ 533,100,000                
Non-Agency MBS                      
Subsequent Event [Line Items]                      
Available-for-sale securities       1,119,940,000             2,063,529,000
Repurchase agreements       1,003,122,000             1,121,802,000
Non-Agency MBS | Subsequent Event                      
Subsequent Event [Line Items]                      
Proceeds from sale of debt securities available-for-sale     1,100,000,000                
CRT securities                      
Subsequent Event [Line Items]                      
Available-for-sale securities       254,101,000             255,408,000
Repurchase agreements       $ 297,628,000             $ 203,569,000
CRT securities | Subsequent Event                      
Subsequent Event [Line Items]                      
Proceeds from sale of debt securities available-for-sale     $ 207,400,000                
First Three Years | Term Loan Facility | Subsequent Event                      
Subsequent Event [Line Items]                      
Stated interest rate 3.75%                    
After Third Year | Term Loan Facility | Subsequent Event                      
Subsequent Event [Line Items]                      
Stated interest rate 4.50%                    
[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