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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, 2020
Dec. 31, 2019
Assets carried at fair value    
Investment securities available for sale $ 323,399 $ 1,760,812
Interest rate swaps    
Liabilities carried at fair value    
Derivative labilities   (29,000)
Variation margin   44,800
Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 901,899
Agency CMBS    
Assets carried at fair value    
Investment securities available for sale 0 20,277
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investments in unconsolidated entities 218,706 83,882
Preferred equity and mezzanine loan investments 183,154 0
Total 3,828,346 22,681,286
Liabilities carried at fair value    
Total 1,077,980 17,777,280
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 15,878
Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 1,290,005 1,328,886
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 922,877
Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale 0 50,958
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 375,765 715,314
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 182,925 267,777
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale 45,007 49,214
Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 1,177,298 1,429,754
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 355,486 0
Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 17,816,746
Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 0 16,724,451
Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 1,077,980 1,052,829
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investments in unconsolidated entities 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 0 0
Level 1 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Level 1 | Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 0 0
Level 2    
Assets carried at fair value    
Investment securities available for sale 603,697 2,006,140
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investments in unconsolidated entities 0  
Total 603,697 2,022,018
Liabilities carried at fair value    
Total 0 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 15,878
Level 2 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 922,877
Level 2 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale 0 50,958
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 375,765 715,314
Level 2 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 182,925 267,777
Level 2 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale 45,007 49,214
Level 2 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 2 | Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Level 2 | Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 0 0
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 218,706 191,359
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Investments in unconsolidated entities 218,706 83,882
Preferred equity and mezzanine loan investments 183,154 0
Total 3,224,649 20,659,268
Liabilities carried at fair value    
Total 1,077,980 17,777,280
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 1,290,005 1,328,886
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Agency CMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value   1,429,754
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 355,486 0
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 17,816,746
Level 3 | Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 0 16,724,451
Level 3 | Fair Value, Measurements, Recurring | Residential collateralized debt obligations, at fair value    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value $ 1,077,980 $ 1,052,829