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Residential Whole Loans - Narrative (Details)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
loan
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Total Residential whole loans [1],[2] $ 9,027,371     $ 9,027,371 $ 9,041,292
Interest income $ 2,900     9,200  
Average increase in weighted life 51 months        
Loan carrying value $ 100     100  
Term Extension          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of loan modifications | loan 1       3
Average increase in weighted life         43 months
Term Extension from Previous 12 Months          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loan carrying value $ 300     $ 300  
90 or more | Term Extension from Previous 12 Months          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of loan modifications | loan       2  
Nonperforming          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Interest income 1,900     $ 1,900  
Without Associated Credit Losses          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Financing receivable, nonaccrual 42,900     42,900 $ 51,600
Residential whole loan          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Total Residential whole loans 9,027,371     9,027,371 9,041,292
Financing receivable, sale 235,600 $ 12,400      
Gain (loss) on sale of receivables 5,900 400      
Reversal of previously recorded unrealized losses or gains (5,800) (200)      
Gain from sale of loans 100 $ 200      
Financing receivable, nonaccrual 618,200     618,200 624,100
Residential whole loan | Non-QM and Single-Family Rental Loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Financing receivable, sale     $ 171,000    
Gain (loss) on sale of receivables     (21,700)    
Reversal of previously recorded unrealized losses or gains     23,700    
Gain from sale of loans     $ 2,000    
Residential whole loan | Non-QM loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Total Residential whole loans $ 4,171,055     $ 4,171,055 $ 3,700,052
[1] Includes approximately $6.3 billion and $5.7 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at September 30, 2024 and December 31, 2023, respectively. Such assets can be used only to settle the obligations of each respective VIE.
[2] See Note 6 for information regarding the Company’s pledged assets.