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Repurchase Agreements - Narrative (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
counterparty
Dec. 31, 2019
USD ($)
counterparty
Mar. 31, 2019
USD ($)
Financial Instruments Owned and Pledged as Collateral [Line Items]      
Average days to maturity 15 days 73 days  
Interest payable $ 3,700 $ 8,800  
Advance rate 75.10%    
Average haircut 24.90%    
Repurchase agreements, number of counterparties | counterparty 6 14  
Cash and cash equivalents $ 172,513 $ 118,763 $ 65,359
Unencumbered investment securities $ 527,314 535,827  
Liquidation proceeds, percentage 98.10%    
Residential loans      
Financial Instruments Owned and Pledged as Collateral [Line Items]      
Repurchase agreements, number of counterparties | counterparty 1    
Deferred finance costs, gross $ 700 800  
Non-Agency RMBS      
Financial Instruments Owned and Pledged as Collateral [Line Items]      
Average haircut 29.00%    
Unencumbered investment securities $ 402,564 168,063  
CMBS      
Financial Instruments Owned and Pledged as Collateral [Line Items]      
Average haircut 21.00%    
Unencumbered investment securities $ 82,406 $ 235,199  
Loans      
Financial Instruments Owned and Pledged as Collateral [Line Items]      
Weighted average interest rate 2.88% 2.72%