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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest $ 25,073 $ 29,520
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 225,300 239,631
Total 4,434,715 4,136,097
Liabilities carried at fair value    
Total 754,264 839,419
Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 1,721,218 1,703,290
Fair Value, Measurements, Recurring | Residential loans | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 969,853 1,070,882
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,262,356 801,429
Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 110,208 120,021
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 75,499 128,019
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 31,576 33,146
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 38,705 39,679
Fair Value, Measurements, Recurring | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 754,264 839,419
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 0 0
Total 0 0
Liabilities carried at fair value    
Total 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 | Consolidated SLST | VIE, Primary Beneficiary    
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    
Assets carried at fair value    
Multi-family loans 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0
Level 1 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0
Level 1 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 0 0
Level 2    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 145,780 200,844
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 0 0
Total 145,780 200,844
Liabilities carried at fair value    
Total 0 0
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 | Consolidated SLST | VIE, Primary Beneficiary    
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    
Assets carried at fair value    
Multi-family loans 0 0
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 75,499 128,019
Level 2 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 31,576 33,146
Level 2 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 38,705 39,679
Level 2 | Fair Value, Measurements, Recurring | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value 0 0
Level 3    
Assets carried at fair value    
Equity investments 225,300 239,631
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 225,300 239,631
Total 4,288,935 3,935,253
Liabilities carried at fair value    
Total 754,264 839,419
Level 3 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 1,721,218 1,703,290
Level 3 | Fair Value, Measurements, Recurring | Residential loans | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 969,853 1,070,882
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,262,356 801,429
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 110,208 120,021
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0
Level 3 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0
Level 3 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Collateralized debt obligations, at fair value $ 754,264 $ 839,419