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Residential Investor Loans - Narrative (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
securitization
Sep. 30, 2024
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Real estate owned, variable rate (as a percent)         37.00%  
Real estate owned, fixed rate (as a percent)         0.63  
Investment fair value changes, net $ (6,971)     $ (12,202) $ (96,863) $ 10,733
AFS 284,372   $ 211,474   284,372  
Principal payments on real estate securities         15,756 5,331
Mortgage banking activities, net 40,132     39,569 114,042 73,049
Fee income, net 4,579     4,788 $ 9,139 7,452
Securitization entity | securitization         3  
Unsecuritized residential investor bridge loan modifications (UPB)         $ 130,149  
Estimated Fair Value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans 307,111       307,111  
Carrying Value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans 358,269       358,269  
Carrying Value | Non-Accrual of Contractual Coupon Interest            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans 229,136       229,136  
Carrying Value | Non-Accrual of Deferred Interest Only            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans $ 129,133       129,133  
Simple Modifications (Extensions)            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Unsecuritized residential investor bridge loan modifications (UPB)         126,254  
Financing receivable, previously modified         4,000  
Complex Modifications            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Unsecuritized residential investor bridge loan modifications (UPB)         $ 3,895  
Contractual interest rate 10.73%       10.73%  
Financing receivable, previously modified         $ 38,000  
CoreVest Mortgage Banking            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Mortgage banking activities, net $ 11,413     12,854 38,776 32,262
Commitment To Fund Residential Investor Bridge Loan            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Funding commitment 261,000       261,000  
Commitment To Fund Residential Investor Bridge Loan | Corporate Joint Venture            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Funding commitment 84,000       84,000  
Commitment To Fund Residential Bridge Loan            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Funding commitment 35,000       35,000  
Residential Investor Bridge, Unsecuritized            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair value of loans 101,000       101,000  
Principal payments on real estate securities 625,196     67,655 1,007,770 277,170
Legacy Bridge Loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair value of loans 484,000 $ 484,000     484,000  
Investment fair value changes, net   6,000        
Servicer advance financing            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Investment fair value changes, net (1,000)     (4,000) (6,000) 4,000
Subordinate Securities            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
AFS 284,372   140,242   284,372  
Subordinate Securities | Legacy Investments            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
AFS $ 182,000 $ 182,000     $ 182,000  
Residential Investor Term Loans | Minimum            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Financing receivable, term 5 years       5 years  
Residential Investor Term Loans | Maximum            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Financing receivable, term 30 years       30 years  
Bridge Loans | Minimum            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Residential bridge loans held-for-investment, original maturities (in months)         8 months  
Bridge Loans | Maximum            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Residential bridge loans held-for-investment, original maturities (in months)         36 months  
Total Residential Investor Loans            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair value of loans $ 3,857,597   4,587,090   $ 3,857,597  
Total Residential Investor Loans | Residential Investor Bridge, Unsecuritized            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair value of loans 625,932   1,120,281   625,932  
Residential Investor Bridge            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Loans sold 114,000       416,000  
Principal payments on real estate securities 6,000     $ 13,000 38,000 $ 34,000
Unsecuritized residential investor bridge loan modifications (UPB) 130,000   353,000      
Residential Investor Bridge | Non-Accrual of Contractual Coupon Interest            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans     151,000      
Residential Investor Bridge | Non-Accrual of Deferred Interest Only            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans     192,000      
Residential Investor Bridge | Estimated Fair Value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans     282,000      
Residential Investor Bridge | Carrying Value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Total Non-Accrual Loans     343,000      
Residential Investor Bridge | Simple Modifications (Extensions)            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Unsecuritized residential investor bridge loan modifications (UPB)     $ 167,000      
Contractual interest rate     8.64%      
Financing receivable, modified, weighted average interest rate, deferred     0.0539      
Financing receivable, previously modified     $ 24,000      
Residential Investor Bridge | Complex Modifications            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Unsecuritized residential investor bridge loan modifications (UPB)     186,000      
Financing receivable, previously modified     103,000      
Held-for-sale at fair value            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair value of loans 783,271   237,224   783,271  
Held-for-sale at fair value | Residential Investor Bridge, Unsecuritized            
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]            
Fair value of loans $ 625,932   $ 78,587   $ 625,932