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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets carried at fair value    
Investment securities available for sale $ 1,904,018 $ 1,512,252
Interest rate swaps    
Assets carried at fair value    
Derivative assets   1,800
Liabilities carried at fair value    
Derivative labilities (40,400) 8,500
Variation margin 61,100 8,500
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 170,150 73,833
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 1,116,128 737,523
Investments in unconsolidated entities 76,249 32,994
Total 18,980,332 13,972,879
Liabilities carried at fair value    
Total 14,978,199 11,022,248
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 20,673 10,263
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 955,838 1,037,730
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 621,528 214,037
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 278,398 260,485
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale 48,254 0
Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 15,863,264 11,679,847
Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 14,978,199 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 1,924,691 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 20,673 10,263
Fair Value, Measurements, Recurring | Level 2 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 955,838 1,037,730
Fair Value, Measurements, Recurring | Level 2 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 621,528 214,037
Fair Value, Measurements, Recurring | Level 2 | CMBS    
Assets carried at fair value    
Investment securities available for sale 278,398 207,785
Fair Value, Measurements, Recurring | Level 2 | ABS    
Assets carried at fair value    
Investment securities available for sale 48,254 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 1,116,128 737,523
Investments in unconsolidated entities 76,249 32,994
Total 17,055,641 12,503,064
Liabilities carried at fair value    
Total 14,978,199 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 15,863,264 11,679,847
Fair Value, Measurements, Recurring | Level 3 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations $ 14,978,199 $ 11,022,248