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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, 2019
Dec. 31, 2018
Assets carried at fair value    
Investment securities, available for sale, at fair value $ 2,006,140 $ 1,512,252
Interest rate swaps    
Assets carried at fair value    
Derivative assets   1,800
Liabilities carried at fair value    
Variation margin 44,800 8,500
Derivative in liability position (29,000) 8,500
Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 922,877 1,037,730
Agency CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 50,958 0
ABS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 49,214 0
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 1,429,754 737,523
Investments in unconsolidated entities 83,882 32,994
Total 22,681,286 13,972,879
Liabilities carried at fair value    
Total 17,777,280 11,022,248
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 15,878 10,263
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 922,877 1,037,730
Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 50,958 0
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 715,314 214,037
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 267,777 260,485
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 49,214 0
Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 17,816,746 11,679,847
Fair Value, Measurements, Recurring | Residential mortgage loans held in securitization trust, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 1,328,886 0
Fair Value, Measurements, Recurring | Multi-Family CDOs    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 16,724,451 11,022,248
Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 1,052,829 0
Level 1 | Fair Value, Measurements, Recurring    
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
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential mortgage loans held in securitization trust, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 0 0
Level 1 | Fair Value, Measurements, Recurring | Multi-Family CDOs    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 2,022,018 1,469,815
Liabilities carried at fair value    
Total 0 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 15,878 10,263
Level 2 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 922,877 1,037,730
Level 2 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 50,958 0
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 715,314 214,037
Level 2 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 267,777 207,785
Level 2 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 49,214 0
Level 2 | Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential mortgage loans held in securitization trust, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 0 0
Level 2 | Fair Value, Measurements, Recurring | Multi-Family CDOs    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 191,359 73,833
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Distressed and other residential mortgage loans, at fair value 1,429,754 737,523
Investments in unconsolidated entities 83,882 32,994
Total 20,659,268 12,503,064
Liabilities carried at fair value    
Total 17,777,280 11,022,248
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 52,700
Level 3 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities, available for sale, at fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 17,816,746 11,679,847
Level 3 | Fair Value, Measurements, Recurring | Residential mortgage loans held in securitization trust, at fair value    
Assets carried at fair value    
Loans held in securitization trusts 1,328,886 0
Level 3 | Fair Value, Measurements, Recurring | Multi-Family CDOs    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 16,724,451 11,022,248
Level 3 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Multi-family collateralized debt obligations $ 1,052,829 $ 0