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Quarterly Financial Data (unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]                      
Interest income $ 128,936 $ 110,249 $ 107,723 $ 108,891 $ 102,339 $ 91,382 $ 93,981 $ 78,385 $ 455,799 $ 366,087 $ 319,306
Interest expense 107,063 90,646 90,223 89,139 87,299 78,062 78,273 64,467 377,071 308,101 254,668
NET INTEREST INCOME 21,873 19,603 17,500 19,752 15,040 13,320 15,708 13,918 78,728 57,986 64,638
Other income:                      
Recovery of (provision for) loan losses (2,492) 840 437 (42) 1,288 563 (300) 188 (1,257) 1,739 838
Realized (loss) gain on investment securities and related hedges, net 20 299 (8,654) (3,423)         (11,758) 3,888 (3,645)
Realized (loss) gain on distressed residential mortgage loans at carrying value, net (3,677) 1,806 2,021 (773) (62) 4,059 1,114 (1,223)      
Net (loss) gain on distressed and other residential mortgage loans at fair value 8,128 643 97 (166)         8,702 1,678 0
Unrealized gain on investment securities and related hedges, net (15,469) 2,275 12,606 11,692 5,025 6,689 2,364 11,971 11,104 1,955 7,070
Net gain on distressed and other residential mortgage loans at fair value         961 717 0 0      
Unrealized gain on multi-family loans and debt held in securitization trusts, net 5,714 12,303 12,019 7,545 268 1,192 (1,051) 1,546 37,581 18,872 3,032
Income from operating real estate and real estate held for sale in consolidated variable interest entities 1,404 1,380 1,253 2,126 2,535 2,429 2,316 0 6,163 7,280 0
Unrealized gain on multi-family loans and debt held in securitization trusts, net         13,688 2,353 1,447 1,384      
Other income 7,589 4,757 228 3,994 1,515 6,916 2,282 2,839      
Total other income 1,217 24,303 20,007 20,953 25,218 24,918 8,172 16,705 66,480 75,013 41,238
General, administrative and operating expenses 14,091 9,912 8,769 8,698 8,288 10,996 11,589 10,204 22,868 18,357 15,246
Income from operations before income taxes 8,999 33,994 28,738 32,007 31,970 27,242 12,291 20,419      
Income tax benefit (511) (454) (13) (79) 1,169 507 442 1,237 (1,057) 3,355 3,095
Net income 9,510 34,448 28,751 32,086 30,801 26,735 11,849 19,182 104,795 88,567 67,560
Net loss (income) attributable to non-controlling interest in consolidated variable interest entities 91 (475) 943 (2,468) (184) 1,110 2,487 0 (1,909) 3,413 (9)
NET INCOME ATTRIBUTABLE TO COMPANY 9,601 33,973 29,694 29,618 30,617 27,845 14,336 19,182 102,886 91,980 67,551
Preferred stock dividends (5,925) (5,925) (5,925) (5,925) (5,985) (3,225) (3,225) (3,225) (23,700) (15,660) (12,900)
NET INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ 3,676 $ 28,048 $ 23,769 $ 23,693 $ 24,632 $ 24,620 $ 11,111 $ 15,957 $ 79,186 $ 76,320 $ 54,651
Basic earnings per common share (in dollars per share) $ 0.02 $ 0.21 $ 0.21 $ 0.21 $ 0.22 $ 0.22 $ 0.10 $ 0.14 $ 0.62 $ 0.68 $ 0.50
Diluted earnings per common share (in dollars per share) 0.02 0.20 0.20 0.20 0.21 0.21 0.10 0.14 $ 0.61 $ 0.66 $ 0.50
Dividends declared per common share (in dollars per share) $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2      
Weighted average shares outstanding-basic (in shares) 148,871 132,413 115,211 112,018 111,871 111,886 111,863 111,721 127,243 111,836 109,594
Weighted average shares outstanding-diluted (in shares) 149,590 152,727 135,164 131,761 131,565 131,580 111,863 126,602 147,450 130,343 109,594