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Investment Securities Available For Sale, at Fair Value - Schedule of Investment Securities Available for Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Fair Value Option    
Amortized Cost $ 2,689,490 $ 1,983,318
Unrealized Gains 16,614 36,781
Unrealized Losses (34,025) (6,313)
Fair Value 2,672,079 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 2,689,490 1,983,353
Unrealized Gains 16,614 36,781
Unrealized Losses (34,025) (6,317)
Fair Value 2,672,079 2,013,817
Agency RMBS    
Fair Value Option    
Amortized Cost 2,634,169 1,961,221
Unrealized Gains 10,368 30,135
Unrealized Losses (30,695) (2,032)
Fair Value 2,613,842 1,989,324
Agency RMBS | Fixed rate    
Fair Value Option    
Amortized Cost 2,424,931 1,761,138
Unrealized Gains 9,385 21,581
Unrealized Losses (15,992) (1,829)
Fair Value 2,418,324 1,780,890
Agency RMBS | Fixed rate | Fannie Mae    
Fair Value Option    
Amortized Cost 1,367,506 1,084,702
Unrealized Gains 6,675 15,902
Unrealized Losses (6,053) (723)
Fair Value 1,368,128 1,099,881
Agency RMBS | Fixed rate | Freddie Mac    
Fair Value Option    
Amortized Cost 1,057,425 676,436
Unrealized Gains 2,710 5,679
Unrealized Losses (9,939) (1,106)
Fair Value 1,050,196 681,009
Agency RMBS | Adjustable rate    
Fair Value Option    
Amortized Cost 141,395 147,460
Unrealized Gains 983 1,741
Unrealized Losses (7) 0
Fair Value 142,371 149,201
Agency RMBS | Adjustable rate | Fannie Mae    
Fair Value Option    
Amortized Cost 104,818 110,036
Unrealized Gains 770 1,299
Unrealized Losses (7) 0
Fair Value 105,581 111,335
Agency RMBS | Adjustable rate | Freddie Mac    
Fair Value Option    
Amortized Cost 36,577 37,424
Unrealized Gains 213 442
Unrealized Losses 0 0
Fair Value 36,790 37,866
Agency RMBS | Interest-only    
Fair Value Option    
Amortized Cost 67,843 52,623
Unrealized Gains 0 6,813
Unrealized Losses (14,696) (203)
Fair Value 53,147 59,233
Agency RMBS | Interest-only | Freddie Mac    
Fair Value Option    
Amortized Cost 5,791 0
Unrealized Gains 0 0
Unrealized Losses (544) 0
Fair Value 5,247 0
Agency RMBS | Interest-only | Ginnie Mae    
Fair Value Option    
Amortized Cost 62,052 52,623
Unrealized Gains 0 6,813
Unrealized Losses (14,152) (203)
Fair Value 47,900 59,233
Non-Agency RMBS    
Fair Value Option    
Amortized Cost 55,321 22,097
Unrealized Gains 6,246 6,646
Unrealized Losses (3,330) (4,281)
Fair Value 58,237 24,462
CECL Securities    
Amortized Cost 0 35
Unrealized Gains 0 0
Unrealized Losses 0 (4)
Fair Value $ 0 $ 31