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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets carried at fair value    
Investment securities available for sale: $ 31 $ 23,645
Derivative assets:    
Interest rate caps 19,604 2,473
Derivative liabilities:    
Derivative assets 6,510 2,473
Variation Margin 27,447  
Interest rate caps    
Derivative assets:    
Interest rate caps 6,510  
Interest rate swaps    
Derivative assets:    
Interest rate caps 13,094 2,473
Derivative liabilities:    
Variation Margin 27,447  
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 147,116 179,746
Assets of disposal group held for sale 2,960 38,428
Total 5,350,498 3,932,820
Derivative liabilities:    
Total 593,737 634,495
Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Interest rate caps 6,510 2,473
Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative liabilities:    
Derivative liability 0 0
Fair Value, Measurements, Recurring | Interest rate swaps | Central Clearing House    
Derivative liabilities:    
Derivative liability 40,500  
Derivative assets 13,100  
Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 754,860 827,582
Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 827,535 1,081,384
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,501,908 1,616,114
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 1,989,324 0
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 24,493 68,570
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale: 0 30,133
Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale: 0 856
Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 95,792 87,534
Fair Value, Measurements, Recurring | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST CDOs 593,737 634,495
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 0 0
Assets of disposal group held for sale 0 0
Total 0 0
Derivative liabilities:    
Total 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Interest rate caps 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative liabilities:    
Derivative liability 0 0
Level 1 | Fair Value, Measurements, Recurring | 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    
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 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 1 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 1 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale: 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 | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST CDOs 0 0
Level 2    
Derivative liabilities:    
Derivative assets 6,510 2,473
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 0 0
Assets of disposal group held for sale 2,960 29,418
Total 2,023,287 131,450
Derivative liabilities:    
Total 0 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Interest rate caps 6,510 2,473
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative liabilities:    
Derivative liability 0 0
Level 2 | Fair Value, Measurements, Recurring | Derivative Asset    
Assets carried at fair value    
Assets of disposal group held for sale 3,000 29,400
Level 2 | Fair Value, Measurements, Recurring | 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    
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 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 1,989,324 0
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 24,493 68,570
Level 2 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale: 0 30,133
Level 2 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale: 0 856
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 | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST CDOs 0 0
Level 3    
Assets carried at fair value    
Fair Value 147,116 179,746
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 147,116 179,746
Assets of disposal group held for sale 0 9,010
Total 3,327,211 3,801,370
Derivative liabilities:    
Total 593,737 634,495
Level 3 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Interest rate caps 0 0
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative liabilities:    
Derivative liability 0 0
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 754,860 827,582
Level 3 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 827,535 1,081,384
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,501,908 1,616,114
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 3 | Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 3 | Fair Value, Measurements, Recurring | ABS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 95,792 87,534
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST CDOs | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST CDOs $ 593,737 634,495
Level 3 | Fair Value, Measurements, Recurring | Equity investments    
Assets carried at fair value    
Assets of disposal group held for sale   $ 9,000