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Repurchase Agreements - Narrative (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
counterparty
Dec. 31, 2023
USD ($)
counterparty
Mar. 31, 2023
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 226,939 $ 187,107 $ 227,753
Securities borrowed $ 151,073    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 7 7  
Repurchase agreements, number of counterparties | counterparty 2    
Financings under repurchase agreements, aggregate outstanding balance $ 353,100    
Accrued interest payable $ 16,800 $ 13,600  
Weighted average advance rate 93.70% 93.40%  
Average interest rate haircut 6.30% 6.60%  
Average days to maturity 40 days 46 days  
Weighted average interest rate 5.55% 5.66%  
Interest rate caps      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreements, number of counterparties | counterparty 1    
Residential loans      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 186,800    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 5    
Residential Loans, Real Estate Owned and Single-Family Rental Properties      
Assets Sold under Agreements to Repurchase [Line Items]      
Accrued interest payable $ 2,900 $ 3,700  
Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 85,101    
Average interest rate haircut 4.70%    
Non-Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 65,972    
Average interest rate haircut 56.50%    
Repurchase agreements      
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 212,600    
Securities borrowed $ 151,100    
Atlas SP      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreement percentage at risk 6.39%    
Bank of America      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreement percentage at risk 5.02%