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Residential Whole Loans - Additional Credit Related Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]            
Ratio loan- to-value (as a percent)         80.00%  
As is value of collateral | Single-family transitional loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
Unpaid Principal Balance (“UPB”) $ 467,200       $ 467,200 $ 332,500
Settled Whole Loans | Single-family transitional loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
Ratio loan- to-value (as a percent)         74.00%  
Residential whole loan            
Financing Receivable, Credit Quality Indicator [Line Items]            
Gross write-offs 5,262 $ 379 $ 2,292 $ 2,567    
Ratio loan- to-value (as a percent)         64.00%  
Unpaid Principal Balance (“UPB”) 9,658,048       $ 9,658,048  
Residential whole loan | Business purpose loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total 4,017,444       $ 4,017,444 $ 3,996,292
Ratio loan- to-value (as a percent)         68.00% 67.00%
Unpaid Principal Balance (“UPB”) 4,124,228       $ 4,124,228 $ 4,098,044
Residential whole loan | Business purpose loans | Single-family transitional loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
Gross write-offs 81 416 1,785 2,003    
Ratio loan- to-value (as a percent)         67.00% 66.00%
Unpaid Principal Balance (“UPB”) 1,226,736       $ 1,226,736 $ 1,197,346
Residential whole loan | Non-QM loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total 3,995,591       $ 3,995,591 $ 3,805,577
Gross write-offs 0 0 206 0    
Ratio loan- to-value (as a percent)         64.00% 65.00%
Unpaid Principal Balance (“UPB”) 4,183,917       $ 4,183,917 $ 3,934,798
Residential whole loan | Legacy RPL/NPL loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
Total 1,133,056       $ 1,133,056 $ 1,204,095
Gross write-offs 170 $ 22 $ 301 $ 113    
Ratio loan- to-value (as a percent)         56.00% 59.00%
Unpaid Principal Balance (“UPB”) 1,284,232       $ 1,284,232 $ 1,355,280
Carrying Value | Residential whole loan            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 50,944       50,944  
2020 191,018       191,018  
Prior 1,184,938       1,184,938  
Total 1,426,900       1,426,900  
Gross write-offs, 2022         0  
Gross write-offs, 2021         13  
Gross write-offs, 2020         (4)  
Gross write-offs, prior         5,632  
Gross write-offs         5,641  
Carrying Value | Residential whole loan | Debt-to-Value Ratio, Less Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 49,563       49,563  
2020 180,040       180,040  
Prior 1,120,150       1,120,150  
Total 1,349,753       1,349,753  
Carrying Value | Residential whole loan | Debt-to-Value Ratio, Greater Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 1,381       1,381  
2020 10,978       10,978  
Prior 64,788       64,788  
Total 77,147       77,147  
Carrying Value | Residential whole loan | Business purpose loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 7,866       7,866  
2020 21,522       21,522  
Prior 127,940       127,940  
Total 157,328       157,328 207,680
Gross write-offs, 2022         0  
Gross write-offs, 2021         13  
Gross write-offs, 2020         (4)  
Gross write-offs, prior         5,440  
Gross write-offs         5,449  
Carrying Value | Residential whole loan | Business purpose loans | Debt-to-Value Ratio, Less Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 7,866       7,866  
2020 18,446       18,446  
Prior 123,464       123,464  
Total 149,776       149,776  
Carrying Value | Residential whole loan | Business purpose loans | Debt-to-Value Ratio, Greater Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 0       0  
2020 3,076       3,076  
Prior 4,476       4,476  
Total 7,552       7,552  
Carrying Value | Residential whole loan | Non-QM loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 43,078       43,078  
2020 169,496       169,496  
Prior 579,172       579,172  
Total 791,746       791,746 843,884
Gross write-offs, 2022         0  
Gross write-offs, 2021         0  
Gross write-offs, 2020         0  
Gross write-offs, prior         0  
Gross write-offs         0  
Carrying Value | Residential whole loan | Non-QM loans | Debt-to-Value Ratio, Less Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 41,697       41,697  
2020 161,594       161,594  
Prior 575,433       575,433  
Total 778,724       778,724  
Carrying Value | Residential whole loan | Non-QM loans | Debt-to-Value Ratio, Greater Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 1,381       1,381  
2020 7,902       7,902  
Prior 3,739       3,739  
Total 13,022       13,022  
Carrying Value | Residential whole loan | Legacy RPL/NPL loans            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 0       0  
2020 0       0  
Prior 477,826       477,826  
Total 477,826       477,826 $ 498,671
Gross write-offs, 2022         0  
Gross write-offs, 2021         0  
Gross write-offs, 2020         0  
Gross write-offs, prior         192  
Gross write-offs         192  
Carrying Value | Residential whole loan | Legacy RPL/NPL loans | Debt-to-Value Ratio, Less Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 0       0  
2020 0       0  
Prior 421,253       421,253  
Total 421,253       421,253  
Carrying Value | Residential whole loan | Legacy RPL/NPL loans | Debt-to-Value Ratio, Greater Than 80 Percent            
Financing Receivable, Credit Quality Indicator [Line Items]            
2022 0       0  
2021 0       0  
2020 0       0  
Prior 56,573       56,573  
Total $ 56,573       $ 56,573