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Net Interest Income - Schedule of Components of Interest Income and Interest Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income $ 65,195 $ 68,920 $ 179,871 $ 195,441
Interest expense 48,406 38,563 130,145 88,767
Total net interest income 16,789 30,357 49,726 106,674
Convertible notes        
Interest expense 0 0 0 438
Senior unsecured notes        
Senior unsecured notes 1,620 1,608 4,852 4,818
Subordinated debentures        
Subordinated debentures 1,078 704 3,063 1,713
Residential loans        
Interest income 11,574 32,374 40,817 89,875
Consolidated SLST | VIE, Primary Beneficiary        
Interest income 8,370 9,013 25,543 27,648
Interest expense 5,957 6,611 18,238 18,796
Residential loans held in securitization trusts        
Interest income 24,183 20,437 74,041 55,923
Total residential loans        
Interest income 44,127 61,824 140,401 173,446
Multi-family loans        
Interest income 2,712 2,862 7,890 8,646
Investment securities available for sale        
Investment securities available for sale 17,203 3,916 27,862 12,922
Other        
Other 1,153 318 3,718 427
Repurchase agreements        
Interest expense 24,169 18,448 54,084 35,625
Residential Loan Securitizations        
Interest expense 15,582 11,192 49,908 27,377
Total collateralized debt obligations        
Interest expense $ 21,539 $ 17,803 $ 68,146 $ 46,173