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Collateralized Debt Obligations - Schedule of Mortgages Payable in Consolidated VIEs (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Minimum      
Debt Instrument [Line Items]      
Debt instrument, interest rate increases, months after issuance 24 months    
Maximum      
Debt Instrument [Line Items]      
Debt instrument, interest rate increases, months after issuance 48 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 3.00%    
Collateralized Debt Obligations | Secured Debt      
Debt Instrument [Line Items]      
Outstanding Face Amount $ 3,263,329   $ 3,070,314
Carrying Value 3,186,814   2,978,444
Collateralized Debt Obligations | Secured Debt | Consolidated SLST      
Debt Instrument [Line Items]      
Outstanding Face Amount 852,049   867,004
Carrying Value $ 805,273   $ 811,591
Weighted average interest rate 3.40%   3.49%
Collateralized Debt Obligations | Secured Debt | Consolidated SLST | Interest Rate Step-Up      
Debt Instrument [Line Items]      
Outstanding Face Amount $ 1,800,000    
Collateralized Debt Obligations | Secured Debt | Residential loan securitizations      
Debt Instrument [Line Items]      
Outstanding Face Amount 1,578,586   $ 1,281,896
Carrying Value $ 1,554,353   $ 1,253,332
Weighted average interest rate 5.73%   5.72%
Unrealized (losses) gains recognized on CDOs $ (4,700) $ 1,600  
Collateralized Debt Obligations | Secured Debt | Residential loan securitizations at amortized cost, net      
Debt Instrument [Line Items]      
Outstanding Face Amount 763,188   $ 850,547
Carrying Value $ 757,673   $ 842,764
Weighted average interest rate 4.38%   4.35%
Collateralized Debt Obligations | Secured Debt | Non-Agency RMBS re-securitization at fair value      
Debt Instrument [Line Items]      
Outstanding Face Amount $ 69,506   $ 70,867
Carrying Value $ 69,515   $ 70,757
Weighted average interest rate 7.38%   7.38%