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Repurchase Agreements - Narrative (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
counterparty
Dec. 31, 2024
USD ($)
counterparty
Mar. 31, 2024
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 177,072 $ 167,422 $ 226,939
Securities borrowed $ 256,775    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 11 9  
Repurchase agreements, number of counterparties | counterparty 5    
Financings under repurchase agreements, aggregate outstanding balance $ 344,400    
Accrued interest payable $ 28,200 $ 28,400  
Weighted average advance rate 95.80% 96.00%  
Average interest rate haircut 4.20% 4.00%  
Average days to maturity 35 days 26 days  
Weighted average interest rate 4.49% 4.84%  
Residential Loans      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 100,200    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 6    
Residential Loans, Real Estate Owned and Single-Family Rental Properties      
Assets Sold under Agreements to Repurchase [Line Items]      
Accrued interest payable $ 2,400 $ 2,500  
Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 216,096    
Average interest rate haircut 3.90%    
Non-Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 40,679    
Average interest rate haircut 27.70%    
U.S. Treasury securities      
Assets Sold under Agreements to Repurchase [Line Items]      
Average interest rate haircut 1.00%    
Repurchase Agreements      
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 173,100    
Securities borrowed $ 256,800    
Atlas SP      
Assets Sold under Agreements to Repurchase [Line Items]      
Repurchase agreement percentage at risk 5.82%