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Residential Whole Loans - Interest Income Components (Details) - Residential whole loans - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income $ 140,951 $ 154,568 $ 284,042 $ 305,878
Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 83,019 70,267 164,558 135,531
Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 40,741 62,781 84,259 130,950
Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 18,151 21,747 37,665 44,144
Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 15,817 23,726 31,371 49,544
Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 6,773 17,308 15,223 37,262
Seasoned RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 16,748 21,076 34,319 38,455
Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 443 444 906 942
Held at Carrying Value        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 15,287 20,498 31,456 41,238
Held at Carrying Value | Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 7,536 9,334 15,721 19,420
Held at Carrying Value | Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 1,304 3,908 2,879 7,521
Held at Carrying Value | Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 1,063 1,794 2,698 3,693
Held at Carrying Value | Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 241 2,114   3,828
Interest income     181  
Held at Carrying Value | Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 0 0 0 0
Held at Carrying Value | Seasoned RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 6,447 7,256 12,856 14,297
Held at Carrying Value | Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 0 0 0 0
Held at Fair Value        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 125,664 134,070 252,586 264,640
Held at Fair Value | Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 75,483 60,933 148,837 116,111
Held at Fair Value | Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 39,437 58,873 81,380 123,429
Held at Fair Value | Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 17,088 19,953 34,967 40,451
Held at Fair Value | Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 15,576 21,612 31,190 45,716
Held at Fair Value | Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 6,773 17,308 15,223 37,262
Held at Fair Value | Seasoned RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 10,301 13,820 21,463 24,158
Held at Fair Value | Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income $ 443 $ 444 $ 906 $ 942