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Investment Securities Available For Sale, at Fair Value - Schedule of Investment Securities Available for Sale (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Fair Value Option    
Amortized Cost $ 1,622,345 $ 81,788
Unrealized Gains 8,900 9,495
Unrealized Losses (52,966) (15,369)
Fair Value 1,578,279 75,914
CECL Securities    
Amortized Cost 25,763 25,616
Unrealized Gains 0 0
Unrealized Losses (1,827) (1,971)
Fair Value 23,936 23,645
Total CECL Securities and Fair Value Option    
Amortized Cost 1,648,108 107,404
Unrealized Gains 8,900 9,495
Unrealized Losses (54,793) (17,340)
Fair Value 1,602,215 99,559
Agency RMBS    
Fair Value Option    
Amortized Cost 1,574,286 0
Unrealized Gains 171 0
Unrealized Losses (39,453) 0
Fair Value 1,535,004 0
Agency RMBS | Fixed rate    
Fair Value Option    
Amortized Cost 1,459,901 0
Unrealized Gains 64 0
Unrealized Losses (37,170) 0
Fair Value 1,422,795 0
Agency RMBS | Fixed rate | Fannie Mae    
Fair Value Option    
Amortized Cost 868,656 0
Unrealized Gains 64 0
Unrealized Losses (18,193) 0
Fair Value 850,527 0
Agency RMBS | Fixed rate | Freddie Mac    
Fair Value Option    
Amortized Cost 591,245 0
Unrealized Gains 0 0
Unrealized Losses (18,977) 0
Fair Value 572,268 0
Agency RMBS | Adjustable rate    
Fair Value Option    
Amortized Cost 72,180 0
Unrealized Gains 0 0
Unrealized Losses (1,558) 0
Fair Value 70,622 0
Agency RMBS | Adjustable rate | Fannie Mae    
Fair Value Option    
Amortized Cost 43,377 0
Unrealized Gains 0 0
Unrealized Losses (1,036) 0
Fair Value 42,341 0
Agency RMBS | Adjustable rate | Freddie Mac    
Fair Value Option    
Amortized Cost 28,803 0
Unrealized Gains 0 0
Unrealized Losses (522) 0
Fair Value 28,281 0
Agency RMBS | Interest-only    
Fair Value Option    
Amortized Cost 42,205 0
Unrealized Gains 107 0
Unrealized Losses (725) 0
Fair Value 41,587 0
Agency RMBS | Interest-only | Ginnie Mae    
Fair Value Option    
Amortized Cost 42,205 0
Unrealized Gains 107 0
Unrealized Losses (725) 0
Fair Value 41,587 0
Non-Agency RMBS    
Fair Value Option    
Amortized Cost 42,059 48,958
Unrealized Gains 8,729 9,436
Unrealized Losses (13,161) (13,469)
Fair Value 37,627 44,925
CECL Securities    
Amortized Cost 25,763 25,616
Unrealized Gains 0 0
Unrealized Losses (1,827) (1,971)
Fair Value 23,936 23,645
CMBS    
Fair Value Option    
Amortized Cost 6,000 32,033
Unrealized Gains 0 0
Unrealized Losses (352) (1,900)
Fair Value 5,648 30,133
ABS    
Fair Value Option    
Amortized Cost 0 797
Unrealized Gains 0 59
Unrealized Losses 0 0
Fair Value $ 0 $ 856