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Repurchase Agreements - Borrowings Under Financing Arrangements and Associated Assets Pledged as Collateral (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Outstanding Repurchase Agreements $ 3,516,611 $ 1,862,063    
Carrying Value of Repurchase Agreements 4,012,225 2,471,113    
Fair Value of Collateral Pledged $ 3,841,738 $ 3,084,303 $ 3,525,080 $ 3,575,601
Weighted average months to maturity 26 days 46 days    
Single-Family Rental - Operating        
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Fair Value of Collateral Pledged $ 134,600 $ 146,700    
Residential loans and real estate owned        
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Carrying Value of Repurchase Agreements 428,399 534,754    
Fair Value of Collateral Pledged 524,600      
Residential Loans        
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Fair Value of Collateral Pledged   658,300    
Residential loans        
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Maximum Aggregate Uncommitted Principal Amount 2,775,000 2,225,000    
Outstanding Repurchase Agreements 496,410 611,055    
Net Deferred Finance Costs (796) (2,005)    
Fair Value of Collateral Pledged $ 659,183 $ 805,082    
Weighted Average Rate 6.70% 7.87%    
Weighted average months to maturity 9 years 7 months 20 days 13 years 10 months 20 days    
Residential loans | Carrying Value of Repurchase Agreements        
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Carrying Value of Repurchase Agreements $ 495,614 $ 609,050    
Residential loans | Repurchase Agreement, Non Mark-to Market        
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]        
Outstanding Repurchase Agreements $ 15,000 $ 179,100    
Weighted Average Rate 7.09% 8.19%    
Weighted average months to maturity 8 months 14 months