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Investment Securities Available For Sale, at Fair Value - Schedule of Investment Securities Available for Sale (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost $ 4,618,661 $ 3,886,897
Unrealized Gains 51,719 18,959
Unrealized Losses (23,568) (77,312)
Fair Value 4,646,812 3,828,544
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 4,532,616 3,163,035
Unrealized Gains 46,108 12,861
Unrealized Losses (20,004) (39,084)
Fair Value 4,558,720 3,136,812
Non-Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 60,703 66,203
Unrealized Gains 5,611 6,098
Unrealized Losses (2,527) (2,614)
Fair Value 63,787 69,687
U.S. Treasury securities    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 25,342 657,659
Unrealized Gains 0 0
Unrealized Losses (1,037) (35,614)
Fair Value 24,305 622,045
Fixed rate | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 4,325,156 2,949,038
Unrealized Gains 41,378 11,733
Unrealized Losses (6,080) (21,711)
Fair Value 4,360,454 2,939,060
Fixed rate | Fannie Mae | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 2,252,190 1,483,619
Unrealized Gains 24,074 7,819
Unrealized Losses (2,451) (7,991)
Fair Value 2,273,813 1,483,447
Fixed rate | Freddie Mac | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 2,072,966 1,465,419
Unrealized Gains 17,304 3,914
Unrealized Losses (3,629) (13,720)
Fair Value 2,086,641 1,455,613
Adjustable rate | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 126,208 130,119
Unrealized Gains 2,246 285
Unrealized Losses 0 (822)
Fair Value 128,454 129,582
Adjustable rate | Fannie Mae | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 94,785 97,267
Unrealized Gains 1,776 265
Unrealized Losses 0 (631)
Fair Value 96,561 96,901
Adjustable rate | Freddie Mac | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 31,423 32,852
Unrealized Gains 470 20
Unrealized Losses 0 (191)
Fair Value 31,893 32,681
Interest-only | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 81,252 83,878
Unrealized Gains 2,484 843
Unrealized Losses (13,924) (16,551)
Fair Value 69,812 68,170
Interest-only | Freddie Mac | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 5,006 5,251
Unrealized Gains 0 0
Unrealized Losses (770) (459)
Fair Value 4,236 4,792
Interest-only | Ginnie Mae | Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 76,246 78,627
Unrealized Gains 2,484 843
Unrealized Losses (13,154) (16,092)
Fair Value $ 65,576 $ 63,378