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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
Mar. 31, 2022
Dec. 31, 2021
Variable Interest Entity [Line Items]    
Total assets [1] $ 6,541,752 $ 5,658,301
Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 373,580 401,005
Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 110,208 120,021
Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 67,322 70,603
Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 196,050 210,381
ABS | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 38,705 39,679
ABS | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total 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]    
Total assets 38,705 39,679
ABS | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Non-Agency RMBS | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 28,617 30,924
Non-Agency RMBS | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 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]    
Total assets 28,617 30,924
Non-Agency RMBS | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Preferred equity investments in multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 292,712 300,819
Preferred equity investments in multi-family properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 110,208 120,021
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]    
Total 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]    
Total assets 182,504 180,798
Joint venture equity investments in multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 10,690 10,440
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]    
Total assets 0 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]    
Total assets 0 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]    
Total assets 10,690 10,440
Equity investments in entities that invest in residential properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 2,856 19,143
Equity investments in entities that invest in residential properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Equity investments in entities that invest in residential properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Equity investments in entities that invest in residential properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets $ 2,856 $ 19,143
[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 March 31, 2022 and December 31, 2021, assets of consolidated VIEs totaled $3,872,784 and $2,940,513, respectively, and the liabilities of consolidated VIEs totaled $3,030,539 and $2,235,665, respectively. See Note 7 for further discussion.