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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets carried at fair value    
Investment securities available for sale $ 1,413,081 $ 818,976
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Residential mortgage loans, at fair value 87,153 17,769
Investments in unconsolidated entities 42,823 60,332
Total 11,201,324 7,987,218
Liabilities carried at fair value    
Total 9,189,459 6,625,394
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 0 4,506
Liabilities carried at fair value    
Total 0 107
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 1,366,005 920,870
Liabilities carried at fair value    
Total 0 391
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 51,212 79,390
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Residential mortgage loans, at fair value 87,153 17,769
Investments in unconsolidated entities 42,823 60,332
Total 9,835,319 7,061,842
Liabilities carried at fair value    
Total 9,189,459 6,624,896
Agency RMBS | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 1,169,536 526,363
Agency RMBS | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
Agency RMBS | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 1,169,536 526,363
Agency RMBS | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
Non-Agency RMBS | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 102,125 163,284
Non-Agency RMBS | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
Non-Agency RMBS | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 102,125 163,284
Non-Agency RMBS | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
U.S. Treasury securities | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 2,887
U.S. Treasury securities | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 2,887
U.S. Treasury securities | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
U.S. Treasury securities | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
CMBS | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 141,420 126,442
CMBS | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 0 0
CMBS | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 93,498 82,545
CMBS | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investment securities available for sale 47,922 43,897
Multi-family loans held in securitization trusts | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Multi-family loans held in securitization trusts 9,657,421 6,939,844
Multi-family loans held in securitization trusts | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Multi-family loans held in securitization trusts | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Multi-family loans held in securitization trusts | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Multi-family loans held in securitization trusts 9,657,421 6,939,844
Multi-family collateralized debt obligations, at fair value | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 9,189,459 6,624,896
Multi-family collateralized debt obligations, at fair value | Level 1 | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Multi-family collateralized debt obligations, at fair value | Level 2 | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Multi-family collateralized debt obligations, at fair value | Level 3 | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 9,189,459 6,624,896
TBA Securities | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 148,139
TBA Securities | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
TBA Securities | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 148,139
TBA Securities | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
U.S. Treasury futures | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Derivative liabilities 0 107
U.S. Treasury futures | Level 1 | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Derivative liabilities 0 107
U.S. Treasury futures | Level 2 | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Derivative liabilities 0 0
U.S. Treasury futures | Level 3 | Fair Value, Measurements, Recurring    
Liabilities carried at fair value    
Derivative liabilities 0 0
Interest rate swap futures | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 444
Interest rate swap futures | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 444
Interest rate swap futures | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Interest rate swap futures | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Interest rate swaps | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 846 108
Liabilities carried at fair value    
Derivative liabilities 0 391
Interest rate swaps | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Liabilities carried at fair value    
Derivative liabilities 0 0
Interest rate swaps | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 846 108
Liabilities carried at fair value    
Derivative liabilities 0 391
Interest rate swaps | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Liabilities carried at fair value    
Derivative liabilities 0 0
Swaptions | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 431
Swaptions | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Swaptions | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 431
Swaptions | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Eurodollar futures | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 1,175
Eurodollar futures | Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 1,175
Eurodollar futures | Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets 0 0
Eurodollar futures | Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Derivative assets $ 0 $ 0