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Equity - Narrative (Details)
 8 Months Ended 12 Months Ended 57 Months Ended 58 Months Ended
Aug. 01, 2025
shares
Dec. 31, 2025
USD ($)
period
director
$ / shares
shares
Dec. 31, 2025
USD ($)
period
director
$ / shares
shares
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2025
USD ($)
period
director
$ / shares
shares
Dec. 31, 2025
USD ($)
period
director
$ / shares
shares
Nov. 06, 2024
USD ($)
Mar. 26, 2024
USD ($)
May 04, 2023
USD ($)
Aug. 03, 2022
USD ($)
Apr. 07, 2021
shares
Feb. 22, 2021
USD ($)
Class of Stock [Line Items]                        
Number of independent directors | director   4 4   4 4            
Director's fee | $     $ 150,000                  
Directors fees paid in cash | $   $ 70,000 70,000   $ 70,000 $ 70,000            
Directors fees paid in common stock | $   $ 80,000 $ 80,000   $ 80,000 $ 80,000            
Capital available for issuance | $               $ 1,000,000,000.0        
Effective period               3 years        
Preferred shares authorized (in shares)   50,000,000.0 50,000,000.0   50,000,000.0 50,000,000.0            
Preferred stock, par value (in dollars per share) | $ / shares   $ 0.01 $ 0.01   $ 0.01 $ 0.01            
Preferred stock, shares outstanding (in shares)   9,120,000 9,120,000   9,120,000 9,120,000            
Quarterly periods required to grant preferred stock voting rights | period   6 6   6 6            
Number of directors | director     2                  
Percent of votes needed to pass   66.67% 66.67%   66.67% 66.67%            
ARC Home | Related Party                        
Class of Stock [Line Items]                        
Loan securitization, additional interest 21.40%                      
Share issued in connection with acquisition (in shares) 2,027,676                      
8.25% Series A Cumulative Redeemable Preferred Stock                        
Class of Stock [Line Items]                        
Preferred stock, shares issued (in shares)   1,700,000 1,700,000 1,700,000 1,700,000 1,700,000            
Preferred stock, shares outstanding (in shares)   1,663,000 1,663,000 1,700,000 1,663,000 1,663,000            
Series B Cumulative Reedmable Preferred Stock                        
Class of Stock [Line Items]                        
Preferred stock, shares issued (in shares)   3,700,000 3,700,000 3,700,000 3,700,000 3,700,000            
Preferred stock, shares outstanding (in shares)   3,728,000 3,728,000 3,700,000 3,728,000 3,728,000            
8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                        
Class of Stock [Line Items]                        
Preferred stock, shares issued (in shares)   3,700,000 3,700,000 3,700,000 3,700,000 3,700,000            
Preferred stock, shares outstanding (in shares)   3,729,000 3,729,000 3,700,000 3,729,000 3,729,000            
BTIG, LLC, JonesTrading Institutional Services LLC, Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co.                        
Class of Stock [Line Items]                        
Amount authorized | $             $ 75,000,000.0          
Issuance of common stock (in shares)     0 0                
Independent Director                        
Class of Stock [Line Items]                        
Dividend equivalent units vested (in shares)   2,919,000 2,919,000   2,919,000 2,919,000            
Non-Executive Chair                        
Class of Stock [Line Items]                        
Director's fee | $     $ 60,000                  
Directors fees paid in cash | $   $ 30,000 30,000   $ 30,000 $ 30,000            
Directors fees paid in common stock | $   $ 30,000 30,000   $ 30,000 $ 30,000            
Audit Committee Chairman                        
Class of Stock [Line Items]                        
Additional annual fees | $     25,000                  
Compensation And Nomination Committee Chairman                        
Class of Stock [Line Items]                        
Additional annual fees | $     10,000                  
Corporate Governance Committee Chairman                        
Class of Stock [Line Items]                        
Additional annual fees | $     $ 10,000                  
Restricted Stock | Independent Director                        
Class of Stock [Line Items]                        
Outstanding shares vested (in shares)   12,981,000 12,981,000   12,981,000 12,981,000            
Restricted stock unit conversion ratio     1                  
Restricted Stock and Restricted Stock Units                        
Class of Stock [Line Items]                        
Shares of restricted common stock under equity incentive plans (in shares)     64,500 205,224                
Capitalized equity based compensation expense | $     $ 700,000 $ 700,000                
2025 Equity Incentive Plan                        
Class of Stock [Line Items]                        
Number of shares authorized (in shares)   800,000 800,000   800,000 800,000            
Number of dividend equivalent units granted (in shares)   870                    
Shares available to be awarded under equity incentive plans (in shares)   994,510 994,510   994,510 994,510            
2025 Equity Incentive Plan | Restricted Stock                        
Class of Stock [Line Items]                        
Shares of restricted common stock under equity incentive plans (in shares)   25,401                    
2020 Equity Incentive Plan                        
Class of Stock [Line Items]                        
Number of shares authorized (in shares)   220,781 220,781   220,781 220,781            
Number of shares subject to issuance if forfeited or lapse (in shares)   130,000 130,000   130,000 130,000            
2021 Equity Incentive Plan                        
Class of Stock [Line Items]                        
Number of shares authorized (in shares)                     573,425  
Shares of restricted common stock under equity incentive plans (in shares)         0              
2022 Repurchase Program                        
Class of Stock [Line Items]                        
Authorized amount for stock repurchase | $                   $ 15,000,000.0    
Value of common stock remained authorized for future share repurchases | $   $ 1,500,000 $ 1,500,000   $ 1,500,000 $ 1,500,000            
Shares repurchased (in shares)     0 0                
2023 Repurchase Program                        
Class of Stock [Line Items]                        
Authorized amount for stock repurchase | $                 $ 15,000,000.0      
Value of common stock remained authorized for future share repurchases | $   $ 15,000,000.0 $ 15,000,000.0   $ 15,000,000.0 $ 15,000,000.0            
Preferred Repurchase Program                        
Class of Stock [Line Items]                        
Authorized amount for stock repurchase | $                       $ 20,000,000.0
Shares repurchased (in shares)           0