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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets carried at fair value    
Investment securities available for sale $ 1,743,869 $ 1,512,252
Interest rate swaps    
Assets carried at fair value    
Derivative assets   1,800
Liabilities carried at fair value    
Derivative labilities 27,800 8,500
Variation margin 41,900 8,500
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 166,983 73,833
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 1,061,954 737,523
Investments in unconsolidated entities 88,108 32,994
Total 17,481,903 13,972,879
Liabilities carried at fair value    
Total 13,772,726 11,022,248
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 14,047 10,263
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 994,200 1,037,730
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 432,840 214,037
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 292,090 260,485
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale 24,739 0
Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 14,573,925 11,679,847
Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 13,772,726 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 | ABS    
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 1,757,916 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 14,047 10,263
Fair Value, Measurements, Recurring | Level 2 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 994,200 1,037,730
Fair Value, Measurements, Recurring | Level 2 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 432,840 214,037
Fair Value, Measurements, Recurring | Level 2 | CMBS    
Assets carried at fair value    
Investment securities available for sale 292,090 207,785
Fair Value, Measurements, Recurring | Level 2 | ABS    
Assets carried at fair value    
Investment securities available for sale 24,739 0
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 1,061,954 737,523
Investments in unconsolidated entities 88,108 32,994
Total 15,723,987 12,503,064
Liabilities carried at fair value    
Total 13,772,726 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 | ABS    
Assets carried at fair value    
Investment securities available for sale 0 0
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 14,573,925 11,679,847
Fair Value, Measurements, Recurring | Level 3 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations $ 13,772,726 $ 11,022,248