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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets carried at fair value    
Investment securities available for sale $ 1,583,965 $ 1,512,252
Interest rate swaps    
Assets carried at fair value    
Derivative assets   1,800
Liabilities carried at fair value    
Derivative labilities 12,800 8,500
Variation margin 27,700 8,500
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 92,961 73,833
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 875,566 737,523
Investments in unconsolidated entities 36,575 32,994
Total 16,839,315 13,972,879
Liabilities carried at fair value    
Total 13,547,195 11,022,248
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 14,873 10,263
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 1,023,938 1,037,730
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 314,086 214,037
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 245,941 260,485
Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 14,328,336 11,679,847
Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 13,547,195 11,022,248
Fair Value, Measurements, Recurring | Level 1    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 0 0
Liabilities carried at fair value    
Total 0 0
Fair Value, Measurements, Recurring | Level 1 | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Fair Value, Measurements, Recurring | Level 1 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 1 | CMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Fair Value, Measurements, Recurring | Level 1 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Fair Value, Measurements, Recurring | Level 2    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 1,598,838 1,469,815
Liabilities carried at fair value    
Total 0 0
Fair Value, Measurements, Recurring | Level 2 | Interest rate swaps    
Assets carried at fair value    
Derivative assets 14,873 10,263
Fair Value, Measurements, Recurring | Level 2 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 1,023,938 1,037,730
Fair Value, Measurements, Recurring | Level 2 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 314,086 214,037
Fair Value, Measurements, Recurring | Level 2 | CMBS    
Assets carried at fair value    
Investment securities available for sale 245,941 207,785
Fair Value, Measurements, Recurring | Level 2 | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Fair Value, Measurements, Recurring | Level 2 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Fair Value, Measurements, Recurring | Level 3    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 875,566 737,523
Investments in unconsolidated entities 36,575 32,994
Total 15,240,477 12,503,064
Liabilities carried at fair value    
Total 13,547,195 11,022,248
Fair Value, Measurements, Recurring | Level 3 | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Fair Value, Measurements, Recurring | Level 3 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 3 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 3 | CMBS    
Assets carried at fair value    
Investment securities available for sale 0 52,700
Fair Value, Measurements, Recurring | Level 3 | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 14,328,336 11,679,847
Fair Value, Measurements, Recurring | Level 3 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations $ 13,547,195 $ 11,022,248