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Net Interest Income - Components of Interest Income and Interest Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income $ 52,323 $ 45,358 $ 154,548 $ 303,941
Derivatives 0 0 0 868
Interest expense 21,292 19,829 61,702 202,807
Total net interest income 31,031 25,529 92,846 101,134
Convertible Notes        
Interest expense 2,810 2,759 8,382 8,234
Unsecured Debt        
Senior unsecured notes 1,598 0 2,734 0
Subordinated debentures        
Subordinated debentures 458 483 1,374 1,714
Residential loans        
Interest income 20,480 16,006 60,295 55,157
Consolidated SLST | VIE, Primary Beneficiary        
Interest income 10,245 10,896 31,042 34,542
Interest expense 7,116 7,562 21,371 24,255
Residential loans held in securitization trusts        
Interest income 11,008 3,802 28,909 4,725
Total residential loans        
Interest income 41,733 30,704 120,246 94,424
Preferred equity and mezzanine loan investments        
Interest income 3,449 5,300 11,980 15,875
Consolidated K-Series | VIE, Primary Beneficiary        
Interest income 0 0 0 151,841
Interest expense 0 0 0 129,762
Total multi-family loans        
Interest income 3,449 5,300 11,980 167,716
Investment securities available for sale, at fair value        
Investment securities available for sale 7,129 9,282 22,279 41,309
Other        
Other 12 72 43 492
Mortgages payable on operating real estate 1,147 0 1,886 0
Repurchase agreements        
Interest expense 3,110 5,341 10,884 33,453
Residential loan securitizations        
Interest expense 5,053 2,160 14,788 2,527
Non-Agency RMBS Re-Securitization        
Interest expense 0 1,524 283 1,994
Total collateralized debt obligations        
Interest expense $ 12,169 $ 11,246 $ 36,442 $ 158,538