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Residential Whole Loans (Details)
$ in Thousands
Jun. 30, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans $ 1,670,788  
Allowance for Credit Losses (31,035) $ (35,314)
Total Residential Whole Loans $ 8,139,786 $ 7,518,739
Number of loans | loan 24,756 23,843
Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for Credit Losses $ (31,035) $ (35,314)
Total Residential Whole Loans $ 1,639,753 $ 1,791,215
Number of loans | loan 6,682 7,126
Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for Credit Losses $ 0 $ 0
Total Residential Whole Loans $ 6,500,033 $ 5,727,524
Number of loans | loan 18,074 16,717
Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans $ 6,982,743 $ 6,287,650
Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,222,422 1,356,235
Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 5,760,321 4,931,415
Nonperforming    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 739,712 796,109
Nonperforming | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Nonperforming | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 739,712 796,109
Non-QM loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 912,826  
Non-QM loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 3,609,119 3,359,830
Non-QM loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 912,826 987,282
Non-QM loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 2,696,293 2,372,548
Transitional loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,748,257 1,417,220
Transitional loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 42,427 75,188
Transitional loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,705,830 1,342,032
Single-family rental loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 191,780  
Single-family rental loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,491,910 1,376,574
Single-family rental loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 191,780 210,833
Single-family rental loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,300,130 1,165,741
Seasoned performing loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 75,389  
Seasoned performing loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 75,389 82,932
Seasoned performing loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 75,389 82,932
Seasoned performing loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Agency eligible investor loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 58,068 51,094
Agency eligible investor loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Agency eligible investor loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 58,068 51,094
Purchased Credit Deteriorated Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 448,366 470,294
Purchased Credit Deteriorated Loans | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 448,366 470,294
Purchased Credit Deteriorated Loans | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Single Family Residential Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 926,700 784,900
Multi-Family Transitional Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans $ 821,500 $ 632,300