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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
Sep. 30, 2024
Dec. 31, 2023
Assets carried at fair value    
Investment securities available for sale: $ 0 $ 31
Derivative assets:    
Derivative assets 10,788 19,604
Derivative liabilities    
Derivative assets 1,481 6,510
Variation Margin 44,492 27,447
Interest rate caps    
Derivative assets:    
Derivative assets 1,481 6,510
Interest rate swaps    
Derivative assets:    
Derivative assets 9,307 13,094
Derivative liabilities    
Variation Margin 35,207 27,447
Credit default swaps    
Derivative liabilities    
Variation Margin 9,285  
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 146,833 147,116
Assets of disposal group held for sale 308 2,960
Total 7,398,650 5,350,498
Derivative liabilities    
Total 1,961,128 593,737
Fair Value, Measurements, Recurring | Senior unsecured notes    
Liabilities carried at fair value    
Senior unsecured notes 60,900 0
Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 1,481 6,510
Fair Value, Measurements, Recurring | Interest rate swaps    
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 44,500 27,400
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures | Central Clearing House    
Derivative liabilities    
Derivative liabilities 53,800 40,500
Derivative assets 9,300 13,100
Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 700,855 827,535
Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 1,008,583 754,860
Liabilities carried at fair value    
Consolidated SLST 845,811 593,737
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 2,067,706 1,501,908
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 2,967,966 1,989,324
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 68,216 24,493
Fair Value, Measurements, Recurring | U.S. Treasury securities    
Assets carried at fair value    
Investment securities available for sale: 349,088 0
Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 87,614 95,792
Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 981,779 0
Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization    
Liabilities carried at fair value    
Consolidated SLST 72,638 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 | Interest rate swaps    
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 | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 0 0
Liabilities carried at fair value    
Consolidated SLST 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 | U.S. Treasury securities    
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 | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization    
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 308 2,960
Total 3,387,059 2,023,287
Derivative liabilities    
Total 1,115,317 0
Derivative assets 1,481 6,510
Level 2 | Fair Value, Measurements, Recurring | Senior unsecured notes    
Liabilities carried at fair value    
Senior unsecured notes 60,900 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 1,481 6,510
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
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 300 3,000
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 | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 0 0
Liabilities carried at fair value    
Consolidated SLST 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: 2,967,966 1,989,324
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 68,216 24,493
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury securities    
Assets carried at fair value    
Investment securities available for sale: 349,088 0
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 | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 981,779 0
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization    
Liabilities carried at fair value    
Consolidated SLST 72,638 0
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Equity investments 146,833 147,116
Assets of disposal group held for sale 0 0
Total 4,011,591 3,327,211
Derivative liabilities    
Total 845,811 593,737
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 | Interest rate swaps    
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 | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 700,855 827,535
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 1,008,583 754,860
Liabilities carried at fair value    
Consolidated SLST 845,811 593,737
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 2,067,706 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 | U.S. Treasury securities    
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 87,614 95,792
Level 3 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization    
Liabilities carried at fair value    
Consolidated SLST $ 0 $ 0