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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, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings $ 41,293 $ 143,416 $ 129,284 $ 148,333
Residential whole loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 41,293 143,416 129,284 148,333
Residential whole loans | Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 31,465 94,489 104,783 124,058
Residential whole loans | Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings 7,169 26,679 19,985 13,092
Residential whole loans | 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 16,878 39,662 45,888 57,269
Residential whole loans | 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 (1,770) 2,401 (16,488) (1,720)
Residential whole loans | 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 (7,939) (15,384) (9,415) (42,457)
Residential whole loans | 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 1,769 18,923 1,885 9,002
Residential whole loans | Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net gain/(loss) on residential whole loans measured at fair value through earnings $ 890 $ 3,325 $ 2,631 $ 2,181