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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Classification and Carrying Value of Unconsolidated VIEs (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Variable Interest Entity [Line Items]    
Assets [1] $ 4,912,809 $ 4,655,587
Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 448,019 465,913
Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 119,812 163,593
Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 73,193 43,225
Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 255,014 259,095
ABS | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 41,485 43,225
ABS | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0 0
ABS | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 41,485 43,225
ABS | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0 0
Non-Agency RMBS | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 31,708  
Non-Agency RMBS | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0  
Non-Agency RMBS | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 31,708  
Non-Agency RMBS | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0  
Preferred equity investments in multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 347,447 341,266
Preferred equity investments in multi-family properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 119,812 158,501
Preferred equity investments in multi-family properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0 0
Preferred equity investments in multi-family properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 227,635 182,765
Joint venture equity investments in multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 10,290  
Joint venture equity investments in multi-family properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0  
Joint venture equity investments in multi-family properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0  
Joint venture equity investments in multi-family properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 10,290  
Mezzanine loans on multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets   5,092
Mezzanine loans on multi-family properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets   5,092
Mezzanine loans on multi-family properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets   0
Mezzanine loans on multi-family properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets   0
Equity investments in entities that invest in residential properties and loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 17,089 76,330
Equity investments in entities that invest in residential properties and loans | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0 0
Equity investments in entities that invest in residential properties and loans | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets 0 0
Equity investments in entities that invest in residential properties and loans | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Assets $ 17,089 $ 76,330
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of September 30, 2021 and December 31, 2020, assets of consolidated VIEs totaled $2,217,348 and $2,150,984, respectively, and the liabilities of consolidated VIEs totaled $1,793,066 and $1,667,306, respectively. See Note 7 for further discussion.