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Residential Whole Loans - Allowance for Credit Losses (Details) - Residential whole loans - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance $ 10,665 $ 20,451  
Current provision/(reversal) 145 (460)  
Write-offs (616) (379)  
Ending balance 10,194 19,612  
Business purpose loans      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans 3,139,060   $ 3,396,181
Business purpose loans | Single-family transitional loans      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance 1,389 2,587  
Current provision/(reversal) (88) (472)  
Write-offs (436) (416)  
Ending balance 865 1,699  
Business purpose loans | Single-family transitional loans | Collateral Dependent Methodology      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans 11,000 21,900  
Business purpose loans | Single-family rental loans      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans 1,312,993   1,356,400
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance 366 4,355  
Current provision/(reversal) 614 228  
Write-offs 0 59  
Ending balance 980 4,642  
Business purpose loans | Single-family rental loans | Collateral Dependent Methodology      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans   10,600  
Non-QM loans      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans 4,540,553   4,291,086
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance 2,125 1,871  
Current provision/(reversal) (197) (190)  
Write-offs 0 0  
Ending balance 1,928 1,681  
Legacy RPL/NPL loans      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans 1,061,802   $ 1,082,549
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance 6,785 11,638  
Current provision/(reversal) (184) (26)  
Write-offs (180) (22)  
Ending balance 6,421 11,590  
Legacy RPL/NPL loans | Collateral Dependent Methodology      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Loans $ 37,000 $ 50,500