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Residential Whole Loans - Net Gain/(Loss) on Residential Whole Loans Measured at Fair Value (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings $ 143,416 $ (132,894) $ 148,333 $ (134,423)
Residential whole loan        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 143,416 (132,894) 148,333 (134,423)
Residential whole loan | Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 26,679 (35,676) 13,092 (35,096)
Residential whole loan | Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 2,401 688 (1,720) 1,085
Residential whole loan | Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings (15,384) 2,550 (42,457) 4,624
Residential whole loan | Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 39,662 (38,914) 57,269 (40,805)
Residential whole loan | Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 94,489 (78,560) 124,058 (76,832)
Residential whole loan | Legacy RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 18,923 (15,426) 9,002 (19,928)
Residential whole loan | Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings $ 3,325 $ (3,232) $ 2,181 $ (2,567)