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Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets carried at fair value    
Investment securities available for sale: $ 0 $ 31
Derivative assets:    
Derivative assets 32,588 19,604
Derivative liabilities    
Derivative assets 3,828 6,510
Variation Margin 8,835 27,447
Interest rate caps    
Derivative assets:    
Derivative assets 3,049 6,510
Interest rate swaps    
Derivative assets:    
Derivative assets 28,760 13,094
Derivative liabilities    
Variation Margin 0 27,447
U.S. Treasury futures    
Derivative liabilities    
Variation Margin 265  
Credit default swaps    
Derivative liabilities    
Variation Margin 8,570  
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 142,915 147,116
Assets of disposal group held for sale 2,560 2,960
Total 6,417,570 5,350,498
Derivative liabilities    
Total 1,637,111 593,737
Fair Value, Measurements, Recurring | Senior unsecured notes    
Liabilities carried at fair value    
Senior unsecured notes 60,000 0
Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 3,049 6,510
Fair Value, Measurements, Recurring | Options    
Derivative assets:    
Derivative assets 779 0
Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures    
Derivative liabilities    
Variation Margin 11,600 27,400
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures | Central Clearing House    
Derivative liabilities    
Derivative liabilities 17,200 40,500
Derivative assets 28,800 13,100
Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 1,004,944 754,860
Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 667,218 827,535
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,831,029 1,501,908
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 2,613,842 1,989,324
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 58,237 24,493
Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 92,997 95,792
Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 844,032 593,737
Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 733,079 0
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 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 | Senior unsecured notes    
Liabilities carried at fair value    
Senior unsecured notes 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Options    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative liabilities    
Derivative liabilities 0 0
Level 1 | Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liabilities 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 | Multi-family loans    
Assets carried at fair value    
Multi-family loans 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 0 0
Assets of disposal group held for sale 2,560 2,960
Total 2,678,467 2,023,287
Derivative liabilities    
Total 793,079 0
Derivative assets 3,828 6,510
Level 2 | Fair Value, Measurements, Recurring | Senior unsecured notes    
Liabilities carried at fair value    
Senior unsecured notes 60,000 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 3,049 6,510
Level 2 | Fair Value, Measurements, Recurring | Options    
Derivative assets:    
Derivative assets 779 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative liabilities    
Derivative liabilities 0 0
Level 2 | Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liabilities 0 0
Level 2 | Fair Value, Measurements, Recurring | Derivative Asset    
Assets carried at fair value    
Assets of disposal group held for sale 2,600 3,000
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: 2,613,842 1,989,324
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 58,237 24,493
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 | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 733,079 0
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 142,915 147,116
Assets of disposal group held for sale 0 0
Total 3,739,103 3,327,211
Derivative liabilities    
Total 844,032 593,737
Level 3 | Fair Value, Measurements, Recurring | Senior unsecured notes    
Liabilities carried at fair value    
Senior unsecured notes 0 0
Level 3 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Options    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative liabilities    
Derivative liabilities 0 0
Level 3 | Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liabilities 0 0
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 1,004,944 754,860
Level 3 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 667,218 827,535
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,831,029 1,501,908
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 | Multi-family loans    
Assets carried at fair value    
Multi-family loans 92,997 95,792
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 844,032 593,737
Level 3 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST $ 0 $ 0