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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment Based On:
Year
Summary Compensation Table Total for PEO (1)
Compensation Actually Paid to PEO (1) (2)
Average Summary Compensation Table Total for Non-PEO NEOs (3)
Average Compensation Actually Paid to Non-PEO NEOs (3) (4)
Total Shareholder Return (5)
Peer Group Total Shareholder Return (6)
Net (Loss) Income Attributable to Company's Common Stockholders ($ in Thousands)
Economic Return on Adjusted Book Value (7)
2023$5,646,654 $3,503,505 $2,307,213 $1,263,951 $63.85 $96.48 $(90,035)(12.8)%
2022$4,770,331 $3,545,666 $1,539,435 $956,995 $67.38 $83.64 $(340,577)(7.4)%
2021$5,384,052 $4,233,385 $2,667,344 $2,145,690 $85.05 $113.97 $144,176 8.7 %
2020$4,320,874 $1,243,566 $2,110,067 $1,063,478 $76.86 $98.56 $(329,696)(14.5)%
2019$4,968,870 $6,436,416 $2,574,041 $2,624,620 $120.31 $121.33 $144,835 16.9 %
        
Named Executive Officers, Footnote Amounts include compensation paid to Mr. Serrano as Chief Executive Officer for the year ended December 31, 2023 and as Chief Executive Officer and President for the year ended December 31, 2022 and to Mr. Mumma as Chief Executive Officer for the years ended December 31, 2019 through December 31, 2021. Mr. Mumma served as our Executive Chairman for the year ended December 31, 2022.Amounts include compensation paid to Messrs. Mah and Reese and Ms. Nario-Eng for the year ended December 31, 2023, Messrs. Mumma and Reese and Ms. Nario-Eng for the year ended December 31, 2022 and to Messrs. Serrano and Reese and Ms. Nario-Eng for the years ended December 31, 2019 through December 31, 2021. Mr. Mah became an NEO on January 1, 2023.        
Peer Group Issuers, Footnote Peer Group referenced for purpose of the Total Stockholder Return comparison consists of the FTSE National Association of Real Estate Investment Trusts Mortgage REIT Index.        
PEO Total Compensation Amount $ 5,646,654 $ 4,770,331 $ 5,384,052 $ 4,320,874 $ 4,968,870
PEO Actually Paid Compensation Amount $ 3,503,505 3,545,666 4,233,385 1,243,566 6,436,416
Adjustment To PEO Compensation, Footnote The following table reconciles Summary Compensation Table Total to Compensation Actually Paid for our PEO for the years ended December 31, 2023, 2022, 2021, 2020 and 2019:
20232022202120202019
Reported Summary Compensation Table Total$5,646,654 $4,770,331 $5,384,052 $4,320,874 $4,968,870 
Adjustments:
Deduction for amounts reported under the Stock Awards Column of Summary Compensation Table(3,112,565)(2,397,554)(3,169,451)(2,511,426)(2,777,717)
Increase for fair value at year-end of awards granted during year that remain unvested as of year-end2,074,360 2,020,131 3,377,393 1,903,641 3,340,950 
(Deduction) increase for change in fair value of awards granted in prior years that are outstanding and unvested as of year-end(586,166)(822,869)(705,433)(1,184,365)863,361 
(Deduction) increase for change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year(518,778)(24,373)(653,176)(1,285,158)40,952 
Total Adjustments(2,143,149)(1,224,665)(1,150,667)(3,077,308)1,467,546 
Compensation Actually Paid$3,503,505 $3,545,666 $4,233,385 $1,243,566 $6,436,416 
        
Non-PEO NEO Average Total Compensation Amount $ 2,307,213 1,539,435 2,667,344 2,110,067 2,574,041
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,263,951 956,995 2,145,690 1,063,478 2,624,620
Adjustment to Non-PEO NEO Compensation Footnote The following table reconciles Average Summary Compensation Table Total to Average Compensation Actually Paid for our non-PEOs for the years ended December 31, 2023, 2022, 2021, 2020 and 2019:
20232022202120202019
Reported Average Summary Compensation Table Total$2,307,213 $1,539,435 $2,667,344 $2,110,067 $2,574,041 
Adjustments:
Deduction for amounts reported under the Stock Awards Column of Summary Compensation Table(1,037,522)(474,366)(1,447,278)(1,150,102)(1,468,061)
Increase for fair value at year-end of awards granted during year that remain unvested as of year-end691,453 383,690 1,543,897 863,102 1,357,383 
(Deduction) increase for change in fair value of awards granted in prior years that are outstanding and unvested as of year-end(180,960)(433,587)(334,265)(544,555)157,789 
(Deduction) increase for change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year(177,659)(58,177)(284,008)(215,034)3,468 
Deduction for fair value at prior year-end of awards granted in prior years that failed to meet the applicable vesting conditions(338,574)— — — — 
Total Adjustments(1,043,262)(582,440)(521,654)(1,046,589)50,579 
Average Compensation Actually Paid$1,263,951 $956,995 $2,145,690 $1,063,478 $2,624,620 
        
Compensation Actually Paid vs. Total Shareholder Return
Total Shareholder Return

The following graph illustrates the relationship between compensation actually paid to our NEOs and Company and peer group total shareholder return on a cumulative basis assuming investment of $100 on December 31, 2018:


108255
        
Compensation Actually Paid vs. Net Income
Net Income Attributable to Company's Common Stockholders

The following graph illustrates the relationship between compensation actually paid to our NEOs and our net income attributable to Company's common stockholders on an annual basis:


108498
        
Compensation Actually Paid vs. Company Selected Measure
Economic Return on Adjusted Book Value

The following graph illustrates the relationship between compensation actually paid to our NEOs and our economic return on adjusted book value on an annual basis:


108705
        
Tabular List, Table
•Economic return on adjusted book value per common share;
•Undepreciated earnings (loss) per common share;
•Total stockholder return;
•Net interest spread; and
•G&A expense ratio.
        
Total Shareholder Return Amount $ 63.85 67.38 85.05 76.86 120.31
Peer Group Total Shareholder Return Amount 96.48 83.64 113.97 98.56 121.33
Net Income (Loss) $ (90,035,000) $ (340,577,000) $ 144,176,000 $ (329,696,000) $ 144,835,000
Company Selected Measure Amount (0.128) (0.074) 0.087 (0.145) 0.169
PEO Name Mr. Serrano   Mr. Mumma Mr. Mumma Mr. Mumma
Additional 402(v) Disclosure Total Shareholder Return and Peer Group Total Shareholder Return assumes $100 invested at December 31, 2018.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Economic return on adjusted book value per common share        
Non-GAAP Measure Description Economic return on adjusted book value is based on the periodic change in adjusted book value per common share, a non-GAAP financial measure, plus dividends declared per common share, if any, during the period. Adjusted book value represents a non-GAAP financial measure. See Annex A -"Non-GAAP Financial Measures" for a reconciliation of GAAP book value to adjusted book value.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Undepreciated earnings (loss) per common share        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total stockholder return        
Measure:: 4          
Pay vs Performance Disclosure          
Name Net interest spread; and        
Measure:: 5          
Pay vs Performance Disclosure          
Name G&A expense ratio        
PEO | Adjustment, Deduction for amounts reported under the Stock Awards Column of Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards $ (3,112,565) $ (2,397,554) $ (3,169,451) $ (2,511,426) $ (2,777,717)
PEO | Adjustment, Increase for fair value at year-end of awards granted during year that remain unvested as of year-end [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards 2,074,360 2,020,131 3,377,393 1,903,641 3,340,950
PEO | Adjustment, (Deduction) increase for change in fair value of awards granted in prior years that are outstanding and unvested as of year-end [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards (586,166) (822,869) (705,433) (1,184,365) 863,361
PEO | Adjustment, (Deduction) increase for change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards (518,778) (24,373) (653,176) (1,285,158) 40,952
PEO | Adjustment, Equity Award Adjustment [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,143,149) (1,224,665) (1,150,667) (3,077,308) 1,467,546
Non-PEO NEO | Adjustment, Deduction for amounts reported under the Stock Awards Column of Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards (1,037,522) (474,366) (1,447,278) (1,150,102) (1,468,061)
Non-PEO NEO | Adjustment, Increase for fair value at year-end of awards granted during year that remain unvested as of year-end [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards 691,453 383,690 1,543,897 863,102 1,357,383
Non-PEO NEO | Adjustment, (Deduction) increase for change in fair value of awards granted in prior years that are outstanding and unvested as of year-end [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards (180,960) (433,587) (334,265) (544,555) 157,789
Non-PEO NEO | Adjustment, (Deduction) increase for change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards (177,659) (58,177) (284,008) (215,034) 3,468
Non-PEO NEO | Adjustment, Equity Award Adjustment [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,043,262) (582,440) (521,654) (1,046,589) 50,579
Non-PEO NEO | Adjustment, Deduction for fair value at prior year-end of awards granted in prior years that failed to meet the applicable vesting conditions [Member]          
Pay vs Performance Disclosure          
Adjustment To Compensation Amount, Equity Awards $ (338,574) $ 0 $ 0 $ 0 $ 0