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Fair Value of Financial Instruments - Level 3 Assets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Unsettled residential whole loans $ 28,900  
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 4,222,583 $ 1,216,902
Purchases and originations 1,114,043 0
Draws 61,340 0
Changes in fair value recorded in Net gain on residential whole loans measured at fair value through earnings (223,412) 32,088
Repayments (202,084) (25,571)
Sales and repurchases (1,547) 0
Transfer to REO (14,151) (15,422)
Balance at end of period $ 4,956,772 $ 1,207,997