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Mortgage Loans - Schedule of Mortgage Loan Portfolio (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]        
Beginning carrying value [1]     $ 864,551  
Ending carrying value [1] $ 403,056   403,056  
Mortgage loans held-for-investment, net        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]        
Beginning carrying value 413,916 $ 961,277 864,551 $ 989,084
Mortgage loans acquired 0 313 0 14,401
Accretion recognized 6,288 12,696 26,338 38,906
Payments received on loans, net (16,175) (33,537) (55,792) (105,120)
Net reclassifications (to)/from mortgage loans held-for-sale, net     (428,029) 0
Mark to market on loans held-for-sale 0 0 0 0
Reclassifications to REO 0 (1,339) (1,696) (1,348)
Sale of mortgage loans 0 0 0 0
Net change in the allowance for credit losses 0 (330) (1,112) 3,157
Other (973) 0 (1,204) 0
Ending carrying value 403,056 939,080 403,056 939,080
Mortgage loans held-for-sale, net        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]        
Beginning carrying value 108,868 0 55,718 0
Mortgage loans acquired 0 0 0 0
Accretion recognized 0 0 0 0
Payments received on loans, net (1,500) 0 (7,550) 0
Net reclassifications (to)/from mortgage loans held-for-sale, net     428,029 0
Mark to market on loans held-for-sale (1,712) 0 (55,507) 0
Reclassifications to REO 0 0 (345) 0
Sale of mortgage loans (74,341) 0 (388,590) 0
Net change in the allowance for credit losses 0 0 0 0
Other 0 0 (440) 0
Ending carrying value $ 31,315 $ 0 $ 31,315 $ 0
[1] Mortgage loans held-for-investment, net includes $400.6 million and $628.6 million of loans at September 30, 2024 and December 31, 2023, respectively, transferred to securitization trusts. These loans can only be used to settle obligations of the trusts. Secured borrowings consist of notes issued by the trusts that can only be settled with the assets and cash flows of the specific trust. The creditors do not have recourse to the Company. See Note 9 — Debt. Mortgage loans held-for-investment, net are net of an allowance of zero and $3.4 million at September 30, 2024 and December 31, 2023, respectively.