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Investment Securities Available For Sale, at Fair Value - Schedule of Investment Securities Available for Sale (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Fair Value Option    
Amortized Cost $ 2,244,116 $ 1,983,318
Unrealized Gains 22,574 36,781
Unrealized Losses (25,350) (6,313)
Fair Value 2,241,340 2,013,786
CECL Securities    
Amortized Cost 0 35
Unrealized Gains 0 0
Unrealized Losses 0 (4)
Fair Value 0 31
Total CECL Securities and Fair Value Option    
Amortized Cost 2,244,116 1,983,353
Unrealized Gains 22,574 36,781
Unrealized Losses (25,350) (6,317)
Fair Value 2,241,340 2,013,817
Agency RMBS    
Fair Value Option    
Amortized Cost 2,222,669 1,961,221
Unrealized Gains 16,131 30,135
Unrealized Losses (21,315) (2,032)
Fair Value   1,989,324
CECL Securities    
Fair Value 2,217,485  
Agency RMBS | Fixed rate    
Fair Value Option    
Amortized Cost 2,015,078 1,761,138
Unrealized Gains 14,390 21,581
Unrealized Losses (6,812) (1,829)
Fair Value 2,022,656 1,780,890
Agency RMBS | Fixed rate | Fannie Mae    
Fair Value Option    
Amortized Cost 1,152,811 1,084,702
Unrealized Gains 10,475 15,902
Unrealized Losses (2,349) (723)
Fair Value 1,160,937 1,099,881
Agency RMBS | Fixed rate | Freddie Mac    
Fair Value Option    
Amortized Cost 862,267 676,436
Unrealized Gains 3,915 5,679
Unrealized Losses (4,463) (1,106)
Fair Value 861,719 681,009
Agency RMBS | Adjustable rate    
Fair Value Option    
Amortized Cost 145,369 147,460
Unrealized Gains 1,741 1,741
Unrealized Losses 0 0
Fair Value 147,110 149,201
Agency RMBS | Adjustable rate | Fannie Mae    
Fair Value Option    
Amortized Cost 108,212 110,036
Unrealized Gains 1,301 1,299
Unrealized Losses 0 0
Fair Value 109,513 111,335
Agency RMBS | Adjustable rate | Freddie Mac    
Fair Value Option    
Amortized Cost 37,157 37,424
Unrealized Gains 440 442
Unrealized Losses 0 0
Fair Value 37,597 37,866
Agency RMBS | Interest-only    
Fair Value Option    
Amortized Cost 62,222 52,623
Unrealized Gains 0 6,813
Unrealized Losses (14,503) (203)
Fair Value 47,719 59,233
Agency RMBS | Interest-only | Ginnie Mae    
Fair Value Option    
Amortized Cost 62,222 52,623
Unrealized Gains 0 6,813
Unrealized Losses (14,503) (203)
Fair Value 47,719 59,233
Non-Agency RMBS    
Fair Value Option    
Amortized Cost 21,447 22,097
Unrealized Gains 6,443 6,646
Unrealized Losses (4,035) (4,281)
Fair Value 23,855 24,462
CECL Securities    
Amortized Cost 0 35
Unrealized Gains 0 0
Unrealized Losses 0 (4)
Fair Value $ 0 $ 31