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Collateralized Debt Obligations - Schedule of Debt (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Maximum    
Debt Instrument [Line Items]    
Debt instrument, interest rate increases, months after issuance 48 months  
Minimum    
Debt Instrument [Line Items]    
Debt instrument, interest rate increases, months after issuance 24 months  
Step-Up Interest Rate One    
Debt Instrument [Line Items]    
Debt instrument, interest rate increase, non-redemption 1.00%  
Step-Up Interest Rate Two    
Debt Instrument [Line Items]    
Debt instrument, interest rate increase, non-redemption 1.50%  
Step-Up Interest Rate Three    
Debt Instrument [Line Items]    
Debt instrument, interest rate increase, non-redemption 2.00%  
Step-Up Interest Rate Four    
Debt Instrument [Line Items]    
Debt instrument, interest rate increase, non-redemption 3.00%  
Collateralized debt obligations | Secured debt    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 3,070,314 $ 1,944,948
Carrying value 2,978,444 1,870,517
Consolidated SLST | Collateralized debt obligations | Secured debt    
Debt Instrument [Line Items]    
Outstanding Face Amount 867,004 652,933
Carrying value $ 811,591 $ 593,737
Weighted average interest rate (as a percent) 3.49% 2.75%
Consolidated SLST | Collateralized debt obligations | Secured debt | Interest Rate Step-Up    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 1,600,000  
Residential loan securitizations at amortized cost, net | Collateralized debt obligations | Secured debt    
Debt Instrument [Line Items]    
Outstanding Face Amount 850,547 $ 1,292,015
Carrying value $ 842,764 $ 1,276,780
Weighted average interest rate (as a percent) 4.35% 4.00%
Residential loan securitizations at fair value | Collateralized debt obligations | Secured debt    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 1,281,896  
Carrying value $ 1,253,332  
Weighted average interest rate (as a percent) 5.72%  
Unrealized gain (losses) recognized on CDOs $ (1,500)  
Non-Agency RMBS Re-Securitization At Fair Value | Collateralized debt obligations | Secured debt    
Debt Instrument [Line Items]    
Outstanding Face Amount 70,867  
Carrying value $ 70,757  
Weighted average interest rate (as a percent) 7.38%