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Net Interest Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Total interest income $ 46,220 $ 45,358 $ 47,970 $ 210,613 $ 199,772 $ 179,602 $ 167,258 $ 147,982 $ 350,161 $ 694,614 $ 455,799
Derivatives                 868 711 831
Interest expense 20,264 19,829 19,444 163,531 155,773 147,631 141,567 121,779 223,068 566,750 377,071
Total net interest income $ 25,956 $ 25,529 $ 28,526 $ 47,082 $ 43,999 $ 31,971 $ 25,691 $ 26,203 127,093 127,864 78,728
Convertible notes                      
Interest expense                 10,997 10,813 10,643
Subordinated debentures                      
Subordinated debentures                 2,187 2,865 2,743
VIE, Primary Beneficiary                      
Total net interest income                   1,819  
Residential Loans                      
Interest income                 69,170 63,031 19,659
Consolidated SLST | VIE, Primary Beneficiary                      
Interest income                 45,194 4,764 0
Interest expense                 31,663 2,945 0
Residential loans held in securitization trusts                      
Interest income                 12,612 3,222 8,910
Total residential loans                      
Interest income                 126,976 71,017 28,569
Preferred equity and mezzanine loan investments                      
Interest income                 20,899 20,899 21,036
Consolidated K-Series | VIE, Primary Beneficiary                      
Interest income                 151,841 535,226 358,712
Interest expense                 129,762 457,130 313,102
Total multi-family loans                      
Interest income                 172,740 556,125 379,748
Investment securities available for sale                      
Investment securities available for sale                 49,925 65,486 47,147
Other                      
Other                 520 1,986 335
Repurchase agreements                      
Repurchase agreements and other interest bearing liabilities                 37,334 90,110 43,219
Residential loan securitizations                      
Interest expense                 6,967 1,682 3,623
Non-Agency RMBS and CMBS re-securitizations                      
Interest expense                 3,290 494 2,910
Total collateralized debt obligations                      
Interest expense                 $ 171,682 $ 462,251 $ 319,635