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Residential Whole Loans - Interest Income Components (Details) - Residential whole loans - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income $ 303,468 $ 332,212 $ 358,161
Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 182,597 222,526 200,634
Nonperforming Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 80,741 73,448 114,181
Non-QM loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 96,948 136,527 116,282
Rehabilitation loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 33,129 49,484 54,419
Single-family rental loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 34,169 27,722 17,742
Seasoned performing loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 6,684 8,793 12,191
Agency eligible investor loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 11,667 0 0
Purchased Credit Deteriorated Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 40,130 36,238 43,346
Held at Carrying Value      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 169,618 258,764 243,980
Held at Carrying Value | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 129,488 222,526 200,634
Held at Carrying Value | Nonperforming Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 0 0 0
Held at Carrying Value | Non-QM loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 75,517 136,527 116,282
Held at Carrying Value | Rehabilitation loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 22,424 49,484 54,419
Held at Carrying Value | Single-family rental loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 24,863 27,722 17,742
Held at Carrying Value | Seasoned performing loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 6,684 8,793 12,191
Held at Carrying Value | Agency eligible investor loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 0 0 0
Held at Carrying Value | Purchased Credit Deteriorated Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 40,130 36,238 43,346
Held at Fair Value      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 133,850 73,448 114,181
Held at Fair Value | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 53,109 0 0
Held at Fair Value | Nonperforming Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 80,741 73,448 114,181
Held at Fair Value | Non-QM loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 21,431 0 0
Held at Fair Value | Rehabilitation loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 10,705 0 0
Held at Fair Value | Single-family rental loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 9,306 0 0
Held at Fair Value | Seasoned performing loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 0 0 0
Held at Fair Value | Agency eligible investor loans | Performing Financial Instruments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income 11,667 0 0
Held at Fair Value | Purchased Credit Deteriorated Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Interest income $ 0 $ 0 $ 0