Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table]
Class of Financing Receivable [Axis]
Class of Financing Receivable [Axis]
Class of Financing Receivable [Domain]
Class of Financing Receivable [Domain]
Purchased credit impaired loans
Credit Impaired Loans [Member]
Credit Impaired Loans [Member]
Settled Whole Loans
Settled Whole Loans [Member]
Settled Whole Loans [Member]
Financial Asset, Period Past Due [Axis]
Financial Asset, Period Past Due [Axis]
Financial Asset, Period Past Due [Domain]
Financial Asset, Period Past Due [Domain]
Current
Financial Asset, 1 to 29 Days Past Due [Member]
30-59
Financial Asset, 30 to 59 Days Past Due [Member]
60-89
Financial Asset, 60 to 89 Days Past Due [Member]
90 or more
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financial Instrument [Axis]
Financial Instrument [Axis]
Financial Instruments [Domain]
Financial Instruments [Domain]
Non-QM Loans
Non-QM Loans [Member]
Non-QM Loans [Member]
Rehabilitation loans
Rehabilitation Loans [Member]
Rehabilitation Loans [Member]
Single-family rental loans
Single-Family Rental Loans [Member]
Single-Family Rental Loans [Member]
Seasoned performing loans
Seasoned Performing Loans [Member]
Seasoned Performing Loans [Member]
Certain Rehabilitation Loans
Certain Rehabilitation Loans [Member]
Certain Rehabilitation Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchased Performing Loans
Purchased Performing Loans
Purchased Performing Loans
Purchased Credit Deteriorated Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net
Residential whole loans, at carrying value, total or weighted average
Financing Receivable, before Allowance for Credit Loss
Amortized Cost Basis
Financing Receivable, Amortized Cost Basis
Financing Receivable, Amortized Cost Basis
Unpaid Principal Balance (“UPB”)
Unpaid Principal Balance
Unpaid Principal Balance
Weighted Average Coupon
Financing Receivable, Weighted Average Interest Rate
Financing Receivable, Weighted Average Interest Rate
Weighted Average Term to Maturity (Months)
Financing Receivable, Weighted Average Term to Maturity
Financing Receivable, Weighted Average Term to Maturity
Weighted Average LTV Ratio
Ratio Loan-To-Value
The LTV of which the Company has assessed its residential whole loans at carrying value will have a higher likelihood of default than newly originated mortgage loans
Weighted Average FICO Scores
Weighted Average FICO Scores
Weighted Average FICO Scores
Other Liabilities [Abstract]
Other Liabilities
Other Liabilities [Table Text Block]
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments
Fair Value Disclosures [Text Block]
Statement of Financial Position [Abstract]
Statement [Table]
Statement [Table]
Class of Stock [Axis]
Class of Stock [Axis]
Class of Stock [Domain]
Class of Stock [Domain]
Series B Preferred Stock
Series B Preferred Stock [Member]
Series C Preferred Stock
Series C Preferred Stock [Member]
Non-Agency MBS Transferred to Consolidated VIEs
Variable Interest Entity, Primary Beneficiary [Member]
Statement [Line Items]
Statement [Line Items]
Assets:
Assets [Abstract]
Residential whole loans, at carrying value ($4,556,213 and $4,847,782 pledged as collateral, respectively) (1)
Residential Whole Loans, Carrying Value
Residential Whole Loans, Carrying Value
Residential whole loans, at fair value ($691,660 and $794,684 pledged as collateral, respectively) (1)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value
Allowance for credit losses on residential whole loans held at carrying value
Allowance for Loan and Lease Losses, Real Estate
Total residential whole loans, net
Mortgage Loans on Real Estate, Commercial and Consumer, Net
Residential mortgage securities, at fair value ($148,210 and $3,966,591 pledged as collateral, respectively)
Debt Securities, Available-for-sale
Mortgage servicing rights (“MSR”) related assets ($255,035 and $1,217,002 pledged as collateral, respectively)
Servicing Asset at Fair Value, Amount
Cash and cash equivalents
Cash and Cash Equivalents, at Carrying Value
Restricted cash
Restricted Cash and Cash Equivalents
Other assets
Other Assets
Total Assets
Assets
Liabilities:
Liabilities [Abstract]
Financing agreements ($4,194,324 and $0 held at fair value, respectively)
Financing Agreements, Fair Value and Carrying Value
Financing Agreements, Fair Value and Carrying Value
Other liabilities
Other Liabilities
Total Liabilities
Liabilities
Commitments and contingencies (See Note 10)
Commitments and Contingencies
Stockholders’ Equity:
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock
Preferred Stock, Value, Issued
Common stock, $.01 par value; 874,300 and 886,950 shares authorized; 453,244 and 452,369 shares issued and outstanding, respectively
Common Stock, Value, Issued
Additional paid-in capital, in excess of par
Additional Paid in Capital
Accumulated deficit
Retained Earnings (Accumulated Deficit)
Accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax
Total Stockholders’ Equity
Stockholders' Equity Attributable to Parent
Total Liabilities and Stockholders’ Equity
Liabilities and Equity
Other Assets [Abstract]
Derivative [Table]
Derivative [Table]
Swap
Swap [Member]
Hedging Designation [Axis]
Hedging Designation [Axis]
Hedging Designation [Domain]
Hedging Designation [Domain]
Hedging
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative [Line Items]
Derivative, terminated amount
Derivative, Terminated Amount
Derivative, Terminated Amount
Reclassification of hedge gain (loss) from AOCI
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax
Loss on derivative
Derivative, Loss on Derivative
Collateral Positions
-- None. No documentation exists for this element. --
Collateral Positions
Collateral Positions [Text Block]
Disclosure of both assets pledged as collateral, and assets held as collateral. Assets pledged as collateral are financial instruments held by the entity for its own account for trading or investment purposes and pledged to counterparties as collateral for financing transactions. Assets held as collateral are financial instruments that have been pledged by counterparties sunder financing and lending arrangements, pursuant to which the entity has the right by agreement or custom to sell or re-pledge such securities.
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization
Nature of Operations [Text Block]
Fair Value, Recurring and Nonrecurring [Table]
Fair Value, Recurring and Nonrecurring [Table]
Measurement Input Type [Axis]
Measurement Input Type [Axis]
Measurement Input Type [Domain]
Measurement Input Type [Domain]
Discount rate
Measurement Input, Discount Rate [Member]
Prepayment rate
Measurement Input, Prepayment Rate [Member]
Default rate
Measurement Input, Default Rate [Member]
Loss severity
Measurement Input, Loss Severity [Member]
Asset Class [Axis]
Asset Class [Axis]
Asset Class [Domain]
Asset Class [Domain]
Residential whole loans, at fair value
Loans Receivable [Member]
Fair Value Hierarchy and NAV [Axis]
Fair Value Hierarchy and NAV [Axis]
Fair Value Hierarchy and NAV [Domain]
Fair Value Hierarchy and NAV [Domain]
Level 3
Fair Value, Inputs, Level 3 [Member]
Valuation Approach and Technique [Axis]
Valuation Approach and Technique [Axis]
Valuation Approach and Technique [Domain]
Valuation Approach and Technique [Domain]
Discounted cash flow
Valuation, Income Approach [Member]
Liquidation model
Liquidation Model [Member]
Liquidation Model [Member]
Statistical Measurement [Axis]
Statistical Measurement [Axis]
Statistical Measurement [Domain]
Statistical Measurement [Domain]
Minimum
Minimum [Member]
Maximum
Maximum [Member]
Weighted Average
Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Residential whole loans, at fair value
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value, Level 3, Excluding Loan Purchase Price
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value, Level 3, Excluding Loan Purchase Price
Measurement input
Alternative Investment, Measurement Input
Annual change in home prices
Fair Value Inputs, Annual Change in Home Prices
Fair Value Inputs, Annual Change in Home Prices
Liquidation timeline (in years)
Fair Value Inputs, Liquidation Timeline
Fair Value Inputs, Liquidation Timeline
Current value of underlying properties
Fair Value Inputs, Value of Underlying Property
Fair Value Inputs, Value of Underlying Property
Purchases excluded from level 2 fair value
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value, Purchases Excluded from Level 3 Fair Value Methodology Disclosures
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value, Purchases Excluded from Level 3 Fair Value Methodology Disclosures
Simple average amount
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value Excluding Unsettled Purchases, Simple Average Amount
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value Excluding Unsettled Purchases, Simple Average Amount
Other Assets
Other Assets Disclosure [Text Block]
Compensation Related Costs [Abstract]
Schedule of expenses related to equity-based compensation
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
Schedule of expenses related to deferred compensation plans
Schedule of Compensation Cost for Deferred Compensation Arrangement with Individual [Table Text Block]
Tabular disclosure of the entity's expenses related to deferred compensation plans.
Schedule of aggregate income deferred by participants and associated liability under deferred compensation plans
Schedule of Deferred Compensation Arrangement with Individual Deferred Income and Associated Liability [Table Text Block]
Tabular disclosure of the aggregate amount of income deferred by participants in deferred compensation plans and the entity's associated liability for such deferrals.
Statement of Cash Flows [Abstract]
Cash Flows From Operating Activities:
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]
Net income/(loss)
Net Income (Loss) Attributable to Parent
Adjustments to reconcile net income to net cash provided by operating activities:
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Loss on sales of residential whole loans
Residential Whole Loans, Gain (Loss)
Residential Whole Loans, Gain (Loss)
Gain on sales of residential mortgage securities, MSR-related assets, and other assets
Debt Securities, Gain (Loss)
Gain on sales of real estate owned
Gains (Losses) on Sales of Other Real Estate
Gain on liquidation of residential whole loans
Gain on Liquidation of Residential Whole Loans
Gain on Liquidation of Residential Whole Loans
Impairment and other losses on securities available-for-sale and other assets
Impairment and Other Losses On Securities Available-for-Sale And Other Assets
Impairment and Other Losses On Securities Available-for-Sale And Other Assets
Loss on terminated swaps previously designated as hedges for accounting purposes
Gain (Loss) on Sale of Derivatives
Accretion of purchase discounts on residential mortgage securities, residential whole loans and MSR-related assets
Accretion of Purchase Discounts
The sum of the periodic adjustments of the differences between securities' or loans' face values and purchase prices that are charged against earnings. This is called accretion if the security or loan was purchased at a discount . As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.
Amortization of purchase premiums on residential mortgage securities and residential whole loans, and amortization of terminated hedging instruments
Amortization of Purchase Premiums
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called amortization if the security was purchased at a premium . As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.
Depreciation and amortization on real estate, fixed assets and other assets
Depreciation, Depletion and Amortization, Nonproduction
Equity-based compensation expense
Share-based Payment Arrangement, Noncash Expense
Unrealized losses/(gains) on residential whole loans at fair value
Unrealized Gain (Loss) on Investments
Provision for credit and valuation losses on residential whole loans and other financial instruments
Provision for Credit and Valuation Losses on Residential Whole Loans And Other Financial Instruments At Carrying Value
Provision for Credit and Valuation Losses on Residential Whole Loans And Other Financial Instruments At Carrying Value
Unrealized losses on residential mortgage securities and interest rate swap agreements (“Swaps”) and other
Unrealized Losses (Gains) on Securities Held At Fair Value and Swaps Not Designated as Hedges
Unrealized Losses (Gains) on Securities Held At Fair Value and Swaps Not Designated as Hedges
Decrease/(increase) in other assets
Increase (Decrease) in Other Operating Assets
(Decrease)/increase in other liabilities
Increase (Decrease) in Other Operating Liabilities
Net cash provided by operating activities
Net Cash Provided by (Used in) Operating Activities
Cash Flows From Investing Activities:
Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]
Purchases of residential whole loans, loan related investments and capitalized advances
Payments to Acquire Loans Held-for-investment
Proceeds from sales of residential whole loans
Proceeds From Sale of Residential Whole Loans
Proceeds From Sale of Residential Whole Loans
Principal payments on residential whole loans
Proceeds from Principal Repayments on Loans and Leases Held-for-investment
Principal payments on residential mortgage securities and MSR-related assets
Proceeds from Maturities, Prepayments and Calls of Other Investments
Proceeds from sales of residential mortgage securities, MSR-related assets, and other assets
Proceeds from Sale of Debt Securities, Available-for-sale
Purchases of residential mortgage securities and MSR-related assets
Payments to Acquire Investments
Proceeds from sales of real estate owned
Proceeds From Real Estate Owned
Proceeds From Real Estate Owned
Purchases of real estate owned and capital improvements
Purchase of Real Estate Owned and Capital Improvements
Purchase of Real Estate Owned and Capital Improvements
Additions to leasehold improvements, furniture and fixtures
Payments to Acquire Property, Plant, and Equipment
Net cash provided by/(used in) investing activities
Net Cash Provided by (Used in) Investing Activities
Cash Flows From Financing Activities:
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]
Principal payments on financing agreements with mark-to-market collateral provisions
Principal Payments on Securities Sold under Agreements to Repurchase and Other Advances
The cash outflow from investments sold under the agreement to repurchase such investments and other advances.
Proceeds from borrowings under financing agreements with mark-to-market collateral provisions
Proceeds from Securities Sold under Agreements to Repurchase With Mark to Market Collateral Provisions
Proceeds from Securities Sold under Agreements to Repurchase With Mark to Market Collateral Provisions
Proceeds from borrowings under financing agreements with non-mark-to-market collateral provisions
Proceeds from Securities Sold under Agreements to Repurchase With Non Mark to Market Collateral Provisions
Proceeds from Securities Sold under Agreements to Repurchase With Non Mark to Market Collateral Provisions
Proceeds from issuance of senior secured credit agreement
Proceeds from Senior Credit Agreements
Proceeds from Senior Credit Agreements
Principal payments on securitized debt
Repayments of Other Debt
Proceeds from issuance of convertible senior notes
Proceeds from Convertible Debt
Payments made for settlements and unwinds of Swaps
Payments Made for Margin Calls on Repurchase Agreements and Derivatives
Payment made for Margin Calls on Repurchase Agreements and the sale price of options, swaps, futures, forward contracts, and other derivative instruments.
Proceeds from issuance of series C preferred stock
Proceeds from Issuance of Redeemable Preferred Stock
Payments made for costs related to series C preferred stock issuance
Payments of Stock Issuance Costs
Proceeds from issuances of common stock
Proceeds from Issuance of Common Stock
Proceeds from the issuance of warrants
Proceeds from Issuance of Warrants
Dividends paid on preferred stock
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Dividends paid on common stock and dividend equivalents
Payments of Ordinary Dividends, Common Stock
Net cash (used in)/provided by financing activities
Net Cash Provided by (Used in) Financing Activities
Net increase in cash, cash equivalents and restricted cash
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
Cash, cash equivalents and restricted cash at beginning of period
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Cash, cash equivalents and restricted cash at end of period
Supplemental Disclosure of Cash Flow Information
Supplemental Cash Flow Information [Abstract]
Interest Paid
Interest Paid, Excluding Capitalized Interest, Operating Activities
Non-cash Investing and Financing Activities:
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Transfer from residential whole loans to real estate owned
Real Estate Owned, Transfer to Real Estate Owned
Dividends and dividend equivalents declared and unpaid
Dividends Payable
Payable for unsettled residential whole loan purchases
Noncash Payable for Unsettled Loan Purchases
Noncash Payable for Unsettled Loan Purchases
Income Statement [Abstract]
Interest Income:
Interest and Dividend Income, Operating [Abstract]
Residential whole loans held at carrying value
Interest and Fee Income, Loans, Commercial and Residential, Real Estate
Residential mortgage securities
Interest Income, Securities, Mortgage Backed
MSR-related assets
Interest Income, Other
Other interest-earning assets
Other Operating Income
Cash and cash equivalent investments
Interest Income, Deposits with Financial Institutions
Interest Income
Interest and Dividend Income, Operating
Interest Expense:
Interest Expense [Abstract]
Asset backed and other collateralized financing arrangements
Interest Expense, Asset-Backed and Collateralized Financing Agreements
Interest Expense, asset-backed and collateralized financing agreements
Other interest expense
Interest Expense, Debt
Interest Expense
Interest Expense
Net Interest (Expense)/Income
Interest Income (Expense), Net
Reversal/(Provision) for credit and valuation losses on residential whole loans and other financial instruments
Provision for Credit and Valuation Losses on Residential Whole Loans and Other Financial Instruments
Provision for Credit and Valuation Losses on Residential Whole Loans and Other Financial Instruments
Net Interest Income/(Expense) after Provision for Credit and Valuation Losses
Interest Income (Expense), after Provision for Loan Loss
Other Income, net:
Noninterest Income [Abstract]
Impairment and other losses on securities available-for-sale and other assets
Net realized gain/(loss) on sales of residential mortgage securities and residential whole loans
Debt Securities and Loans, Realized Gain (Loss), Excluding Other-than-temporary Impairment
Debt Securities and Loans, Realized Gain (Loss), Excluding Other-than-temporary Impairment
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings
Debt Securities, Unrealized Gain (Loss), Residential Mortgage Securities Measured at Fair Value
Debt Securities, Unrealized Gain (Loss), Residential Mortgage Securities Measured at Fair Value
Net gain/(loss) on residential whole loans measured at fair value through earnings
Mortgage Loans on Real Estate, Gain (Loss) on Loans at Fair Value
Mortgage Loans on Real Estate, Gain (Loss) on Loans at Fair Value
Loss on terminated swaps previously designated as hedges for accounting purposes
Gain (Loss) on Derivative Instruments, Net, Pretax
Other, net
Other Operating Income (Expense), Net
Other Income/(Loss), net
Noninterest Income
Operating and Other Expense:
Costs and Expenses [Abstract]
Compensation and benefits
Labor and Related Expense
Other general and administrative expense
Other General and Administrative Expense
Loan servicing and other related operating expenses
Other Cost and Expense, Operating
Costs associated with restructuring/forbearance agreement
Restructuring, Settlement and Impairment Provisions
Operating and Other Expense
Costs and Expenses
Net Income/(Loss)
Less Preferred Stock Dividend Requirement
Preferred Stock Dividends, Income Statement Impact
Net Income/(Loss) Available to Common Stock and Participating Securities
Net Income (Loss) Available to Common Stockholders, Basic and Participating Securities
Net Income (Loss) Available to Common Stockholders, Basic and Participating Securities
Basic Earnings per Common Share (usd per share)
Earnings Per Share, Basic
Diluted Earnings per Common Share (usd per share)
Earnings Per Share, Diluted
Accounting Policies [Abstract]
Number of days considered to classify loans delinquent
Number of Days Considered to Classify Loans Delinquent
Represents the number of days considered to classify loans delinquent.
Overnight money market funds
Money Market Funds, at Carrying Value
Measurement Frequency [Axis]
Measurement Frequency [Axis]
Measurement Frequency [Domain]
Measurement Frequency [Domain]
Recurring basis
Fair Value, Recurring [Member]
Residential Whole Loans, at Fair Value
Term Notes Backed by MSR-Related Collateral
Other Investments [Member]
Legacy Non-Agency MBS
Legacy Non-Agency MBS [Member]
MBS issued prior to 2008
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
Purchases and capitalized advances
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases
Changes in fair value recorded in Net gain on residential whole loans measured at fair value through earnings
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings
Collection of principal, net of liquidation gains/(losses)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Collection Of Principal
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Collection Of Principal
Changes in unrealized gain/(losses)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)
Sales and repurchases
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Repurchases
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Repurchases
Transfer to REO
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net
Balance at end of period
Residential whole loans held at fair value for which the closing price of the purchase transaction had not occurred
Residential Whole Loans Held at Fair Value, Purchase Transaction Committed in Previous Period, Closed in Subsequent Period
Residential Whole Loans Held at Fair Value, Purchase Transaction Committed in Previous Period, Closed in Subsequent Period
Disclosure of Repurchase Agreements [Abstract]
Financing Agreements [Table]
Financing Agreements [Table]
Financing Agreements [Table]
Senior secured credit agreement
Senior Secured Credit Agreement [Member]
Senior Secured Credit Agreement [Member]
Agreements with mark-to-market collateral provisions
Agreements With Mark-To-Market Collateral Provisions [Member]
Agreements With Mark-To-Market Collateral Provisions [Member]
Agreements with non-mark-to-market collateral provisions
Agreements With Non-Mark-To-Market Collateral Provisions [Member]
Agreements With Non-Mark-To-Market Collateral Provisions [Member]
Non Mark to Market Financing Facilities
Non Mark to Market Financing Facilities [Member]
Non Mark to Market Financing Facilities [Member]
Non Mark to Market Financing Facilities on Rehabilitation Loans
Non Mark to Market Financing Facilities on Rehabilitation Loans [Member]
Non Mark to Market Financing Facilities on Rehabilitation Loans [Member]
Financing Agreements [Line Items]
Financing Agreements [Line Items]
[Line Items] for Financing Agreements [Table]
Agreement amount
Financing Agreements, Unpaid Principal Balance
Financing Agreements, Unpaid Principal Balance
Financial instruments
Debt instrument term
Debt Instrument, Term
Debt outstanding
Long-term Debt, Gross
Real Estate Owned [Roll Forward]
Other Real Estate [Roll Forward]
Balance at beginning of period
Real Estate Investments, Net
Adjustments to record at lower of cost or fair value
Real Estate Owned, Valuation Allowance, Amounts Applied
Transfer from residential whole loans
Purchases and capital improvements, net
Real Estate Investments, Additions
Real Estate Investments, Additions
Disposals
Real Estate Investments, Disposals
Real Estate Investments, Disposals
Balance at end of period
Number of properties
Number of Real Estate Properties
Gain recorded on transfer from residential whole loans to real estate owned
Gain recorded on transfer from residential whole loans to real estate owned
Gain recorded on transfer from residential whole loans to real estate owned
Properties sold during period
Number of Real Estate Properties Sold During Period
Number of Real Estate Properties Sold During Period
Proceeds from sale of real estate
Proceeds from Sale of Real Estate
Gain on sales of real estate owned
Commitments and Contingencies Disclosure [Abstract]
Other Commitments [Table]
Other Commitments [Table]
Corporate Loans and Other
Corporate Loans 2 [Member]
Corporate Loans 2 [Member]
Other Commitments [Line Items]
Other Commitments [Line Items]
Commitment to lend
Financing Receivable, Commitment to Lend
Financing Receivable, Commitment to Lend
Amount drawn
Financing Receivable, Amount Drawn
Financing Receivable, Amount Drawn
REO
Capital contributions made to loan origination partners
Capital Contributions to Loan Origination Partners
Capital Contributions to Loan Origination Partners
Other interest-earning assets
Other Interest Earning Assets
Interest receivable
Interest Receivable
Other MBS and loan related receivables
Principal Receivable, Advances, Suspense Accounts and Other
Principal Receivable, Advances, Suspense Accounts and Other
Other
Prepaid Expense and Other Assets
Total Other Assets
Real estate held-for-investment
Real Estate Held for Investment
Real Estate Held for Investment
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities [Table]
Schedule of Available-for-sale Securities [Table]
Term notes backed by MSR-related collateral
Term Notes backed by MSR Related Collateral [Member]
Term Notes backed by MSR Related Collateral [Member]
Corporate Loan
Corporate Loan [Member]
Corporate Loan [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale [Line Items]
Term notes backed by MSR related collateral
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value
Amortized costs
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Amortized Costs
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Amortized Costs
Gross unrealized gains
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Gross Unrealized Gains
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Gross Unrealized Gains
Weighted average yield
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Weighted Average Yield
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Weighted Average Yield
Weighted average to maturity
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Weighted Average to Maturity
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Weighted Average to Maturity
Proceeds from sale of MSR
Proceeds from Sale of Mortgage Servicing Rights (MSR)
Realized losses
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Gross Realized Losses
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Gross Realized Losses
Impairment
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Impairment
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, Impairment
Interest coupon rate
Financing Receivable, Interest Coupon Rate
Financing Receivable, Interest Coupon Rate
Debt term
Financing Receivable, Remaining Term
Financing Receivable, Remaining Term
Commitment period on undrawn amount
Financing Receivable, Commitment Period on Undrawn Amount
Financing Receivable, Commitment Period on Undrawn Amount
Commitment fee on undrawn amount
Financing Receivable, Commitment Fee Income Rate
Financing Receivable, Commitment Fee Income Rate
Agency MBS, at fair value
US Government Agencies Debt Securities [Member]
Restricted cash
Restricted Cash [Member]
Represents cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.
Derivative Instrument [Axis]
Derivative Instrument [Axis]
Derivative Contract [Domain]
Derivative Contract [Domain]
Interest Rate Contract
Interest Rate Contract [Member]
Swaps, at fair value
Interest Rate Swap [Member]
Variable Rate [Axis]
Variable Rate [Axis]
Variable Rate [Domain]
Variable Rate [Domain]
LIBOR
London Interbank Offered Rate (LIBOR) [Member]
Non-Hedging
Not Designated as Hedging Instrument [Member]
Derivative by Maturity [Axis]
Derivative by Maturity [Axis]
Categorization of derivative instruments by maturity periods.
Derivative by Maturity [Domain]
Derivative by Maturity [Domain]
Identification of the periods of maturities for groups of derivatives.
Over 3 months to 6 months
Derivative Maturity Over 3 Months to 6 Months [Member]
Period of maturity for derivative instruments which mature over 3 months and within 6 months from the reporting date.
Over 6 months to 12 months
Derivative Maturity over 6 Months to 12 Months [Member]
Period of maturity for derivative instruments which mature over 6 months and within 12 months from the reporting date.
Over 12 months to 24 months
Derivative Maturity Over 12 Months to 24 Months [Member]
Period of maturity for derivative instruments which mature over 12 months and within 24 months from the reporting date.
Over 24 months to 36 months
Derivative Maturity Over 24 Months to 36 Months [Member]
Period of maturity for derivative instruments which mature over 24 months and within 36 months from the reporting date.
Over 36 months to 48 months
Derivative Maturity Over 36 Months to 48 Months [Member]
Period of maturity for derivative instruments which mature over 36 months and within 48 months from the reporting date.
Assets pledged
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position
Derivative, variable interest rate, term
Derivative, Variable Interest Rate, Term
Derivative, Variable Interest Rate, Term
Aggregate notional amount of derivatives
Derivative, Notional Amount
Weighted average fixed-pay rate
Derivative, Average Fixed Interest Rate
Weighted Average Variable Interest Rate
Derivative, Average Variable Interest Rate
Interest (expense)/income attributable to Swaps
Interest Income (Expense), Nonoperating, Net
Weighted average Swap rate paid
Derivative, Weighted Average Interest Rate Paid
Represents the weighted average interest rate paid related to derivatives.
Weighted average Swap rate received
Derivative, Weighted Average Interest Rate Received
Represents the weighted average interest rate received related to derivatives.
Loss on derivative
Realized loss
Derivative Instruments Not Designated as Hedging Instruments, Loss
AOCI from derivative hedging instruments:
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
Balance at beginning of period
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax
Net loss on Swaps
Unrealized Gain (Loss) on Derivatives
Reclassification adjustment for losses/(gains) related to hedging instruments included in net income
Other Comprehensive Income (Loss), Amortization of De-Designated Hedging Instruments, after Reclassification and Tax
Other Comprehensive Income (Loss), Amortization of De-Designated Hedging Instruments, after Reclassification and Tax
Balance at end of period
Dividends and dividend equivalents payable
Dividends and Dividend Equivalents Payable
Dividends and Dividend Equivalents Payable
Accrued interest payable
Interest Payable
Accrued expenses and other
Accrued Liabilities and Other Liabilities
Total Other Liabilities
Use of Special Purpose Entities and Variable Interest Entities
-- None. No documentation exists for this element. --
Summary of key details related to securitization transactions
Schedule of Securitization Transactions [Table Text Block]
Tabular disclosure of key details related to securitization transactions.
Number of reportable segments
Number of Reportable Segments
Number of operating segments
Number of Operating Segments
Schedule of Long-term Debt Instruments [Table]
Schedule of Long-term Debt Instruments [Table]
Debt Instrument [Axis]
Debt Instrument [Axis]
Debt Instrument, Name [Domain]
Debt Instrument, Name [Domain]
Convertible Senior Note Due 2024
Convertible Senior Note Due 2024 [Member]
Convertible Senior Note Due 2024 [Member]
Senior Note Due 2042
Senior Note Due 2042 [Member]
Senior Note Due 2042 [Member]
Debt Instrument [Line Items]
Debt Instrument [Line Items]
Stated interest rate
Debt Instrument, Interest Rate, Stated Percentage
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income/(Loss):
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Unrealized gains on securities available-for-sale
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax
Reclassification adjustment for MBS sales included in net income
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax
Reclassification adjustment for impairments included in net income
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Income Loss, Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities
Derivative hedging instrument fair value changes, net
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax
Other Comprehensive Income/(Loss)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
Comprehensive income before preferred stock dividends
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Dividends required on preferred stock
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities
Comprehensive Income (Loss) to Common Stockholders and Participating Securities
Comprehensive Income (Loss) after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).
Repurchase financing period, low end of range
Repurchase Agreements Financing Period, Low End of Range
Represents the low end of the range of the typical period for repurchase financing agreements.
Repurchase financing period, high end of range
Repurchase Agreements Financing Period, High End of Range
Represents the high end of the range of the typical period for repurchase financing agreements.
Repurchase financings collateralized by residential whole loans, high end
Repurchase Agreements Financing Collateralized, Period, High End of Range
Repurchase Agreements Financing Collateralized, Period, High End of Range
Earnings Per Share [Abstract]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]
Antidilutive Securities [Axis]
Antidilutive Securities [Axis]
Antidilutive Securities, Name [Domain]
Antidilutive Securities, Name [Domain]
RSUs
Restricted Stock Units (RSUs) [Member]
Warrant
Warrant [Member]
Anti-dilutive securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic Earnings/(Loss) per Share:
Earnings Per Share, Basic [Abstract]
Net income/(loss) to common stockholders
Dividends declared on preferred stock
Dividends, Preferred Stock
Dividends, dividend equivalents and undistributed earnings allocated to participating securities
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic and Diluted
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic and Diluted
Net income/(loss) to common stockholders - basic
Net Income (Loss) Available to Common Stockholders, Basic
Basic weighted average common shares outstanding (in shares)
Weighted Average Number of Shares Outstanding, Basic
Basic (Loss)/Earnings per Share (usd per share)
Diluted Earnings/(Loss) per Share:
Earnings Per Share, Diluted [Abstract]
Net income/(loss) to common stockholders - basic
Interest expense on Convertible Senior Notes
Interest on Convertible Debt, Net of Tax
Net income/(loss) to common stockholders - diluted
Net Income (Loss) Available to Common Stockholders, Diluted
Basic weighted average common shares outstanding (in shares)
Effect of assumed Convertible Senior Notes conversion to common shares (in shares)
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities
Effect of Warrants (in shares)
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants
Diluted weighted average common shares outstanding (in shares)
Weighted Average Number of Shares Outstanding, Diluted
Diluted EPS (usd per share)
Anti-dilutive securities excluded from diluted earnings per share calculations (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Weighted average grant date fair value (in dollars per share)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
Non-Agency MBS
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Expected to Recover Par
Non-Agency MBS Expected to Recover Par [Member]
Non-Agency MBS Expected to Recover Par [Member]
Total MBS
Collateralized Mortgage Backed Securities [Member]
CRT in Loss Positions Only, Fair Value Option
CRT in Loss Positions Only, Fair Value Option [Member]
CRT in Loss Positions Only, Fair Value Option [Member]
Fair Value
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract [Abstract]
Available For Sale Securities Continuous Unrealized Loss Position Fair Value Abstract [Abstract]
Less than 12 Months
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months
12 Months or more
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer
Total
Debt Securities, Available-for-sale, Unrealized Loss Position
Unrealized Losses
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss
12 Months or more
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Total
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss
Number of Securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Less than 12 months (in security)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions
12 months or more (in security)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions
Available-for-sale securities
Gross unrealized losses
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax
MSR-related assets
MSR Related Assets [Member]
MSR Related Assets [Member]
AOCI from AFS Securities:
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Unrealized gain on AFS securities at beginning of period
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax
Unrealized (loss)/gain on AFS securities, net
Reclassification adjustment for MBS sales included in net income
Reclassification adjustment for impairment included in net income
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax
Change in AOCI from AFS securities
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment Excluding Cumulative Effect, Net of Tax, Portion Attributable to Parent
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment Excluding Cumulative Effect, Net of Tax, Portion Attributable to Parent
Balance at end of period
Financing Agreements
Financing Agreements [Table Text Block]
[Table Text Block] for Financing Agreements [Table]
Financing agreements with non-mark-to-market collateral provisions and associated assets pledged as collateral
Finance Agreements With Non Mark to Market Collateral Provisions and Associated Assets Pledged as Collateral [Table Text Block]
Finance Agreements With Non Mark to Market Collateral Provisions and Associated Assets Pledged as Collateral [Table Text Block]
Schedule of Company's borrowings under repurchase agreements and associated assets pledged as collateral
Schedule of Borrowings under Repurchase Agreements and Assets Pledged as Collateral [Table Text Block]
Tabular disclosure of information pertaining to the company's borrowings under repurchase agreements and associated assets pledged as collateral.
Schedule of repricing information about borrowings under repurchase agreements
Schedule of Repurchase Agreements by Repricing Period [Table Text Block]
Tabular disclosure of the amounts and weighted average interest rates of repurchase agreements by length of time until interest rate reset.
Schedule of information about counterparty for repurchase agreements for which the entity had greater than 5% of stockholders' equity at risk
Schedule of Repurchase Agreement Counterparties with whom the Repurchase Agreements Exceeds 5 Percent of Stockholders Equity [Table Text Block]
Tabular disclosure, as of the balance sheet date, of the amount at risk under repurchase agreements with any individual counterparty or group of related counterparties which exceeds 5 percent of stockholders' equity. This includes the name of each counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the repurchase agreements with each. The amount at risk under repurchase agreements is defined as the difference between (a) the amount loaned to the Company through repurchase agreements and repurchase agreements underlying Linked Transactions, including interest payable, and (b) the cash and the fair value of the securities pledged by the Company as collateral and MBS underlying Linked Transactions, including accrued interest receivable on such securities.
Commitments and Contingencies
Commitments and Contingencies Disclosure [Text Block]
Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table]
Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table]
Derivative Instruments
Derivatives, Fair Value [Line Items]
Notional Amount
Derivative Liability, Notional Amount
Fair Value
Derivative Liability, Fair Value, Amount Not Offset Against Collateral
Convertible Debt
Convertible Debt [Member]
Additional Convertible Senior Notes
Additional Convertible Senior Notes [Member]
Additional Convertible Senior Notes [Member]
Proceeds from issuance of Series C Preferred Stock
Proceed from debt net of offering expenses and underwriting discount
Proceeds from Debt, Net of Issuance Costs
Conversion ratio
Debt Instrument, Convertible, Conversion Ratio
Debt instrument, face amount
Debt Instrument, Face Amount
Conversion price
Debt Instrument, Convertible, Conversion Price
Effective interest rate
Debt Instrument, Interest Rate, Effective Percentage
Schedule of fair value measurement inputs and valuation techniques
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
Schedule of significant unobservable inputs used in fair value measurement of residential whole loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Schedule of carrying value and fair value of financial instruments
Fair Value, by Balance Sheet Grouping [Table Text Block]
Basis of Presentation and Consolidation
Consolidation, Policy [Policy Text Block]
Residential Whole Loans (including Residential Whole Loans transferred to consolidated VIEs)
Financing Receivable [Policy Text Block]
Residential Mortgage Securities
Marketable Securities, Policy [Policy Text Block]
MSR-Related Assets
Mortgage Banking Activity [Policy Text Block]
Cash and Cash Equivalents
Cash and Cash Equivalents, Policy [Policy Text Block]
Restricted Cash
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]
Real Estate Owned (REO)
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block]
Depreciation
Regulatory Depreciation and Amortization, Policy [Policy Text Block]
Loan Securitization and Other Debt Issuance Costs
Deferred Charges, Policy [Policy Text Block]
Financing Arrangements
Repurchase and Resale Agreements Policy [Policy Text Block]
Equity-Based Compensation
Share-based Payment Arrangement [Policy Text Block]
Earnings per Common Share (EPS)
Earnings Per Share, Policy [Policy Text Block]
Comprehensive Income/(Loss)
Stockholders' Equity, Policy [Policy Text Block]
U.S. Federal Income Taxes
Income Tax, Policy [Policy Text Block]
Derivative Financial Instruments
Derivatives, Policy [Policy Text Block]
Fair Value Measurements and the Fair Value Option for Financial Assets and Financial Liabilities
Fair Value of Financial Instruments, Policy [Policy Text Block]
Variable Interest Entities
Consolidation, Variable Interest Entity, Policy [Policy Text Block]
Offering Costs Related to Issuance and Redemption of Preferred Stock
Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block]
New Accounting Standards and Interpretations
New Accounting Pronouncements, Policy [Policy Text Block]
Other Liabilities
Other Liabilities Disclosure [Text Block]
Offsetting [Abstract]
Offsetting Assets and Liabilities
Offsetting Assets and Liabilities [Text Block]
The entire disclosure for derivatives and other financial assets and liabilities that are subject to offsetting, including master netting arrangements.
Financing Receivable, Allowance for Credit Loss [Table]
Financing Receivable, Allowance for Credit Loss [Table]
Cumulative Effect, Period of Adoption [Axis]
Cumulative Effect, Period of Adoption [Axis]
Cumulative Effect, Period of Adoption [Domain]
Cumulative Effect, Period of Adoption [Domain]
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment [Member]
Purchased Credit Deteriorated Loans
Purchased Credit Deteriorated Loans [Member]
Purchased Credit Deteriorated Loans [Member]
Unfunded Loan Commitment
Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses at December 31, 2019
Financing Receivable, Allowance for Credit Loss
Transition adjustment on adoption of ASU 2016-13
Financing Receivable, Allowance for Credit Loss, Adoption of New Accounting Principle
Financing Receivable, Allowance for Credit Loss, Adoption of New Accounting Principle
Current provision
Financing Receivable, Credit Loss, Expense (Reversal)
Write-offs
Financing Receivable, Allowance for Credit Loss, Writeoff
Valuation adjustment on loans held for sale
Financing Receivable, Valuation Allowance Adjustment
Financing Receivable, Valuation Allowance Adjustment
Allowance for credit and valuation losses at March 31, 2020
Commitment to lend, unfunded
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend
Residential whole loans, at carrying value
Gross up of the amortized cost basis of Purchased Credit Deteriorated Loans
Financing Receivable, Gross Up of Amortized Cost of Purchased Credit Deteriorated Loans
Financing Receivable, Gross Up of Amortized Cost of Purchased Credit Deteriorated Loans
Schedule of Variable Interest Entities [Table]
Schedule of Variable Interest Entities [Table]
Senior notes
Senior Notes [Member]
Senior Support Certificates
Rated and Non-Rated Certificates [Member]
Rated and Non-Rated Certificates [Member]
Asset-backed Securities, Securitized Loans and Receivables
Asset-backed Securities, Securitized Loans and Receivables [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity [Line Items]
Aggregate fair value
Residential Whole Loans, Aggregate Fair Value
Residential Whole Loans, Aggregate Fair Value
Principal amount of Securitized debt
Outstanding amount of Senior Bonds, at carrying value
Senior Bonds Outstanding, Carrying Value
Senior Bonds Outstanding, Carrying Value
Outstanding amount of Senior Bonds, at fair value
Senior Bonds Outstanding, Fair Value
Senior Bonds Outstanding, Fair Value
Outstanding amount of Senior Bonds
Other Secured Financings
Weighted average interest rate
Debt, Weighted Average Interest Rate
Weighted average contractual maturity of Senior Bonds
Cash received
Proceeds from Issuance of Debt
Debt issuance cost
Debt Issuance Cost, Gross, Noncurrent
Proceeds from Senior bond sold with Step up feature
Proceeds From Senior Bonds Sold with Step Up Feature
Proceeds From Senior Bonds Sold with Step Up Feature
Debt instrument, basis spread on variable rate
Debt Instrument, Basis Spread on Variable Rate
Debt instrument, coupon step-up period
Debt Instrument, Coupon Step-Up Period
Debt Instrument, Coupon Step-Up Period
Purchased Performing Loans
Purchased Performing Loans [Member]
Purchased Performing Loans [Member]
Residential whole loans
Residential Whole Loans [Member]
Residential Whole Loans [Member]
Interest income
Interest and Fee Income, Loans and Leases
Repurchase Agreement Borrowings
Securities Sold under Agreements to Repurchase [Member]
Assets Sold under Agreements to Repurchase, Remaining Period before Interest Rate Reset [Axis]
Assets Sold under Agreements to Repurchase, Remaining Period before Interest Rate Reset [Axis]
Information by periods before interest rate reset for a group of securities or other assets sold under repurchase agreements.
Assets Sold under Agreements to Repurchase, Remaining Period before Interest Rate Reset [Domain]
Assets Sold under Agreements to Repurchase, Remaining Period before Interest Rate Reset [Domain]
Identifies the period before interest rate reset for a group of securities or other assets sold under repurchase agreements.
Within 30 days
Interest Rate Reset within 30 Days [Member]
Period until interest rate reset for a group of securities or other assets sold under repurchase agreements for which the time until interest rate reset is within 30 days from the reporting date.
Over 30 days to 3 months
Interest Rate Reset Over 30 Days to 3 Months [Member]
Period until interest rate reset for a group of securities or other assets sold under repurchase agreements for which the time until interest rate reset is over 30 days to 3 months from the reporting date.
Over 3 months to 12 months
Interest Rate Reset Over 3 Months to 12 Months [Member]
Period until interest rate reset for a group of securities or other assets sold under repurchase agreements for which the time until interest rate reset is over 3 months to 12 months from the reporting date.
Over 12 months
Interest Rate Reset Over 12 Months [Member]
Period until interest rate reset for a group of securities or other assets sold under repurchase agreements for which the time until interest rate reset is over 12 months from the reporting date.
Other financing agreements
Financing Agreements, Liabilities
Financing Agreements, Liabilities
Weighted Average Interest Rate
Assets Sold under Agreements to Repurchase, Interest Rate
Less debt issuance costs
Unamortized Debt Issuance Expense
Total repurchase agreements less debt issuance costs
Finance Agreement, Net of Debt Issuance Costs
Finance Agreement, Net of Debt Issuance Costs
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets [Table]
Other Assets [Table]
Other Assets [Table]
Equity Components [Axis]
Equity Components [Axis]
Equity Component [Domain]
Equity Component [Domain]
Preferred Stock
Preferred Stock [Member]
Other Assets [Axis]
Other Assets [Axis]
Other Assets [Axis]
Other Assets [Domain]
Other Assets [Domain]
[Domain] for Other Assets [Axis]
Loan Originators
Loan Originators [Member]
Loan Originators [Member]
Other Assets [Line Items]
Other Assets [Line Items]
[Line Items] for Other Assets [Table]
Equity method investments
Equity Method Investments
Equity investment, convertible notes
Equity Investment, Convertible Notes
Equity Investment, Convertible Notes
Impairment on investment
Equity Method Investment, Other than Temporary Impairment
Company’s residential whole loans at carrying value are serviced by entities the Company has an investment in
Loans Serviced Through Equity Investment Ventures
Loans Serviced Through Equity Investment Ventures
Sales Proceeds
Proceeds from Sale of Mortgage-backed Securities (MBS), Available-for-sale
Gains/(Losses)
Gain (Loss) on Sales of Mortgage Backed Securities (MBS)
Financing Agreements
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]
Schedule of Repurchase Agreement Counterparty [Table]
Schedule of Repurchase Agreement Counterparty [Table]
Counterparty Name [Axis]
Counterparty Name [Axis]
Counterparty Name [Domain]
Counterparty Name [Domain]
Barclays Bank
Barclays Bank [Member]
Barclays Bank [Member]
Credit Suisse
Credit Suisse [Member]
Credit Suisse [Member]
Wells Fargo
Wells Fargo [Member]
Represents the counterparty, Wells Fargo.
Wells Fargo Bank, NA
Wells Fargo Bank [Member]
Represents the counterparty, Wells Fargo Bank.
Wells Fargo Securities LLC
Wells Fargo Securities Llc [Member]
Represents the counterparty, Wells Fargo Securities LLC.
Athene
Athene [Member]
Athene [Member]
Goldman Sachs
Goldman Sachs [Member]
Goldman Sachs [Member]
Goldman Sachs Lending Partners
Goldman Sachs Lending Partners [Member]
Goldman Sachs Lending Partners [Member]
Goldman Sachs Bank USA
Goldman Sachs Bank USA [Member]
Goldman Sachs Bank USA [Member]
Repurchase agreements counterparty risk
Repurchase Agreement Counterparty [Line Items]
Number of counterparties
Repurchase Agreements Number of Counterparties
Represents the number of parties with whom the entity had repurchase agreements on the balance sheet date.
Threshold of stockholders' equity at risk with single counterparty to repurchase agreements or linked transactions (greater than) (percent)
Repurchase Agreement Counterparty, Risk as Percentage of Stockholders' Equity
Represents the percentage of stockholders' equity at risk with respect to repurchase agreements with any single counterparty, used as a threshold for disclosure.
Amount at Risk
Repurchase Agreement Counterparty, Amount at Risk
Weighted Average Months to Maturity for Repurchase Agreements
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements
Percent of Stockholders’ Equity
Repurchase Agreement Counterparty, Risk Minimum as Percentage of Stockholders' Equity
Represents the minimum percentage of stockholders' equity at risk with respect to repurchase agreements with any single counterparty.
Total Residential whole loans, at carrying value
Total Residential whole loans at carrying value, net
Residential Whole Loans, Net
Residential Whole Loans, Net
Number of loans
Residential Whole Loans
Residential whole loans arising from the Company’s 100% equity interest in certificates issued by certain trusts established to acquire the loans.
Stockholders' Equity Note [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table]
Reclassification out of Accumulated Other Comprehensive Income [Table]
Reclassification out of Accumulated Other Comprehensive Income [Axis]
Reclassification out of Accumulated Other Comprehensive Income [Axis]
Reclassification out of Accumulated Other Comprehensive Income [Domain]
Reclassification out of Accumulated Other Comprehensive Income [Domain]
Amounts Reclassified from AOCI
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Including Noncontrolling Interest [Member]
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Amounts Reclassified from AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on sale of securities
Debt Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment
Impairment recognized in earnings
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
Total Swaps designated as cash flow hedges
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax
Amortization of de-designated hedging instruments
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax
Total reclassifications for period
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax
Schedule of Operating Leased Assets [Table]
Schedule of Operating Leased Assets [Table]
Long-Lived Tangible Asset [Axis]
Long-Lived Tangible Asset [Axis]
Long-Lived Tangible Asset [Domain]
Long-Lived Tangible Asset [Domain]
Corporate headquarters
Corporate Headquarters [Member]
Represents the entity's corporate headquarters in New York, New York.
New Corporate Headquarters Location
New Corporate Headquarters Location [Member]
New Corporate Headquarters Location [Member]
Lease Commitments
Operating Leased Assets [Line Items]
Number of operating leases
Operating Leases, Number of Operating Leases
Represents the number of operating leases.
Lease cost
Lease, Cost
Lease term
Lessee, Operating Lease, Term of Contract
Renewal term
Lessee, Operating Lease, Renewal Term
Lease liability
Lessee, Operating Lease, Liability, to be Paid
Loans in Unrealized Loss Position
Loans in Unrealized Loss Position [Member]
Loans in Unrealized Loss Position [Member]
RPL/NPL MBS
Mortgage Backed Securities, Other [Member]
Minimum term of fixed rate mortgages underlying MBS
Mortgage Backed Securities, Period of Fixed Rate Mortgages Minimum
Represents the minimum period of the fixed rate mortgages which act as security for mortgage backed securities in the entity's portfolio.
Maximum term of fixed rate mortgages underlying MBS
Mortgage Backed Securities, Period of Fixed Rate Mortgages Maximum
Mortgage Backed Securities, Period of Fixed Rate Mortgages Maximum
Available-for-sale, unrealized loss position, accumulated loss
Schedule of reconciliation of the earnings and shares used in calculating basic and diluted EPS
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Stockholder's Equity [Table]
Stockholder's Equity [Table]
Disclosure of information pertaining to changes in stockholders' equity during the period.
Subsequent Event Type [Axis]
Subsequent Event Type [Axis]
Subsequent Event Type [Domain]
Subsequent Event Type [Domain]
Subsequent Event
Subsequent Event [Member]
Balance Sheet Location [Axis]
Balance Sheet Location [Axis]
Balance Sheet Location [Domain]
Balance Sheet Location [Domain]
Debt
Debt [Member]
Exercise Price Range [Axis]
Exercise Price Range [Axis]
Exercise Price Range [Domain]
Exercise Price Range [Domain]
Exercise Price Range One
Exercise Price Range One [Member]
Exercise Price Range One [Member]
Exercise Price Range Two
Exercise Price Range Two [Member]
Exercise Price Range Two [Member]
Sale of Stock [Axis]
Sale of Stock [Axis]
Sale of Stock [Domain]
Sale of Stock [Domain]
At The Market
At The Market [Member]
At The Market [Member]
Plan Name [Axis]
Plan Name [Axis]
Plan Name [Domain]
Plan Name [Domain]
DRSPP
Discount Waiver Direct Stock Purchase and Dividend Reinvestment Plan [Member]
Represents the Discount Waiver, Direct Stock Purchase and Dividend Reinvestment Plan ("DRSPP") of the entity through which existing stockholders and new investors can purchase shares of common stock through the automatic reinvestment of dividends and/or optional cash investments.
Stockholders' Equity
Stockholders' Equity [Line Items]
-- None. No documentation exists for this element. --
Preferred Stock, dividend rate
Preferred Stock, Dividend Rate, Percentage
Preferred stock, shares issued
Preferred Stock, Shares Issued
Preferred stock, par value (in dollars per share)
Preferred Stock, Par or Stated Value Per Share
Preferred stock, liquidation preference (in dollars per share)
Preferred Stock, Liquidation Preference Per Share
Preferred stock, redemption price (in dollars per share)
Preferred Stock, Redemption Price Per Share
Maximum quarters without dividends to get voting rights, in quarters
Maximum Times Series B Receives No Dividends in Order for Voting Rights
Maximum Times Series B Receives No Dividends in Order for Voting Rights
Number of additional directors that can be elected by preferred stock holders
Preferred Stock, Voting Rights, Number of Additional Directors that Can be Elected
The number of additional directors that can be elected by the preferred stock holders on getting the voting rights.
Percentage required for making material changes
Preferred Stock, Voting Rights, Percentage Required for Making Material and Adverse Changes to Terms Minimum
The minimum percentage of preferred stock holders' affirmative vote necessary to make certain material and adverse changes to the terms of the preferred stock.
Dividend declared per share, preferred stock (in dollars per share)
Preferred Stock, Dividends Per Share, Declared
Amount of preferred dividends in arrears
Preferred Stock, Amount of Preferred Dividends in Arrears
Amount of preferred dividends in arrears (USD per share)
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears
Common stock, cash dividends declared (in dollars per share)
Common Stock, Dividends, Per Share, Declared
Shares reclassified to redeemable capital stock (in shares)
Shares Reclassified to Redeemable Capital Stock, Shares
Shares Reclassified to Redeemable Capital Stock, Shares
Proceeds from issuance of redeemable preferred stock
Aggregate number of shares of common stock authorized (in shares)
Common Stock, Shares Authorized
Shares of common stock authorized and available for issuance (in shares)
Common Stock, Capital Shares Reserved for Future Issuance
Common shares issued through DRSPP (in shares)
Stock Issued During Period, Shares, Dividend Reinvestment Plan
Net proceeds from shares issued through DRSPP
Stock Issued During Period, Value, Dividend Reinvestment Plan
At-the-market, maximum potential proceeds
At The Market, Potential Proceeds
At The Market, Potential Proceeds
Sales commission of gross sales price
Sales Commission of Gross Sales Price
Sales Commission of Gross Sales Price
Number of shares issued (in shares)
Sale of Stock, Number of Shares Issued in Transaction
Value remaining outstanding for future offerings
Shares Outstanding for Future Offerings
Shares Outstanding for Future Offerings
Number of shares authorized to be repurchased under the Repurchase Program (in shares)
Stock Repurchase Program, Number of Shares Authorized to be Repurchased
Number of remaining shares authorized to be repurchased under the Repurchase Program (in shares)
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased
Number of shares called by warrant (in shares)
Class of Warrant or Right, Number of Securities Called by Warrants or Rights
Warrant exercise price (usd per share)
Class of Warrant or Right, Exercise Price of Warrants or Rights
Proceeds from issuance of warrants
Statement of Stockholders' Equity [Abstract]
Revision of Prior Period [Axis]
Revision of Prior Period [Axis]
Revision of Prior Period [Domain]
Revision of Prior Period [Domain]
Revision of Prior Period, Accounting Standards Update, Adjustment
Revision of Prior Period, Accounting Standards Update, Adjustment [Member]
Common Stock
Common Stock [Member]
Additional Paid-in Capital
Additional Paid-in Capital [Member]
Accumulated Deficit
Retained Earnings [Member]
Accumulated Other Comprehensive Income
AOCI Attributable to Parent [Member]
Increase (Decrease) in Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance (in shares)
Shares, Issued
Balance
Issuance of stock, net of expenses (in shares)
Stock Issued During Period, Shares, New Issues
Issuance of stock, net of expenses
Stock Issued During Period, Value, New Issues
Repurchase of shares of common stock (in shares)
Stock Repurchased and Retired During Period, Shares
Repurchase of shares of common stock
Stock Repurchased and Retired During Period, Value
Equity based compensation expense
APIC, Share-based Payment Arrangement, Increase for Cost Recognition
Accrued dividends attributable to stock-based awards
Adjustments to Additional Paid in Capital, Other
Dividends declared on common stock ($0.20 per share)
Dividends, Common Stock
Dividends declared on preferred stock ($0.46875 per share)
Dividends attributable to dividend equivalents
Dividends, Dividend Equivalent Rights
Aggregate cash, stock, and paid-in-kind dividends declared on dividend equivalent rights during the period. Dividend equivalent rights relate to participating securities representing unvested share-based payment awards that contain nonforfeitable rights to dividends.
Change in unrealized gains on MBS, net
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent
Derivative hedging instrument fair value changes and amortization, net
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent
Financing receivable, sale
Financing Receivable, Sale
Warrants Issued
Adjustments to Additional Paid in Capital, Warrant Issued
Balance (in shares)
Balance
Adjustments related to tax withholding for share-based compensation
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation
Shares paid for tax withholding for share based compensation (in shares)
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation
Summary of Significant Accounting Policies
Significant Accounting Policies [Text Block]
Preferred Stock
Preferred Stock 7.50% Series B Cumulative Redeemable - Liquidation Preference $25.00 per Share
Preferred Stock, liquidation preference per share (in dollars per share)
Fair value of securities pledged as collateral under repurchase agreements
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value
Accrued interest on assets
Pledged Financial Instruments, Not Separately Reported, Securities Pledged Aggregate Fair Value and Accrued Interest
Sum of the fair values as of the date of the latest financial statement presented of securities pledged as collateral and the amount of interest receivable on the securities pledged as collateral.
Coupon payments and other income received
Residential Whole Loans, Fair Value, Net Income (Loss), Coupon Payments Received
Residential Whole Loans, Fair Value, Net Income (Loss), Coupon Payments Received
Net unrealized gains/(losses)
Residential Whole Loans, Fair Value, Net Income (Loss), Unrealized Gains (Losses), Net
Residential Whole Loans, Fair Value, Net Income (Loss), Unrealized Gains (Losses), Net
Net gain on transfers to REO
Residential Whole Loans, Fair Value, Net Income (Loss), Gain (Loss) on Transfers to REO
Residential Whole Loans, Fair Value, Net Income (Loss), Gain (Loss) on Transfers to REO
Total
Residential Whole Loans
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Debt, Interest Rate Range [Axis]
Debt, Interest Rate Range [Axis]
Debt, Interest Rate Range [Axis]
Debt, Interest Rate Range [Domain]
Debt, Interest Rate Range [Domain]
[Domain] for Debt, Interest Rate Range [Axis]
First Three Years
First Three Years [Member]
First Three Years [Member]
After Third Year
After Third Year [Member]
After Third Year [Member]
Long-term Debt, Type [Axis]
Long-term Debt, Type [Axis]
Long-term Debt, Type [Domain]
Long-term Debt, Type [Domain]
Senior Secured Term Loan Facility
Senior Secured Term Loan Facility [Member]
Senior Secured Term Loan Facility [Member]
Original issue discount, term loan
Original Issue Discount, Term Loan
Original Issue Discount, Term Loan
Optional prepayment rate prior to 3rd anniversary
Interest Rate, Optional Prepayment Rate
Interest Rate, Optional Prepayment Rate
Interest rate increase on third anniversary
Debt Stated Rate, Increase on Third Anniversary
Debt Stated Rate, Increase on Third Anniversary
Additional interest rate increase on each subsequent anniversary of the Funding Date
Debt Instrument, Interest Rate, Increase on Each Anniversary Subsequent to Funding Date
Debt Instrument, Interest Rate, Increase on Each Anniversary Subsequent to Funding Date
Increase upon of default status
Debt Instrument, Interest Rate, Increase for Default Status
Debt Instrument, Interest Rate, Increase for Default Status
Optional prepayment amount
Optional Prepayment Amount
Optional Prepayment Amount
Schedule of changes in balances of each component of the entity's AOCI
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Information about the significant amounts reclassified out of the entity's AOCI
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
Collateral Held [Axis]
Collateral Held [Axis]
Collateral Held [Domain]
Collateral Held [Domain]
Collateral Pledged
Collateral Pledged [Member]
Residential whole loans, carrying value
Loans Pledged as Collateral
Residential whole loans, fair value
Pledged Assets Separately Reported, Loans Pledged as Collateral, at Fair Value
Securities, at fair value, pledged as collateral
Debt Securities, Available-for-sale, Restricted
MSR-Related Assets, pledged as collateral (in dollars)
Servicing Rights Pledged As Collateral
Servicing Rights Pledged As Collateral
Financial agreements held at fair value
Financial Instruments, Owned and Pledged as Collateral, at Fair Value
Preferred stock, shares authorized
Preferred Stock, Shares Authorized
Preferred stock, dividend rate (as a percent)
Preferred stock, shares outstanding
Preferred Stock, Shares Outstanding
Preferred stock, aggregate liquidation preference (in dollars)
Preferred Stock, Liquidation Preference, Value
Common stock, par value (in dollars per share)
Common Stock, Par or Stated Value Per Share
Common stock, shares authorized
Common stock, shares issued
Common Stock, Shares, Issued
Common stock, shares outstanding
Common Stock, Shares, Outstanding
Residential Mortgage Securities and MSR-Related Assets
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
Stockholders' Equity
Stockholders' Equity Note Disclosure [Text Block]
Other
Other, Financing Agreement, Fair Value [Member]
Other, Financing Agreement, Fair Value [Member]
Total Financing agreements, at fair value
Financing Agreements, Fair Value [Member]
Financing Agreements, Fair Value [Member]
Repurchase agreements
Repurchase Agreements [Member]
Securitized debt
Secured Debt [Member]
Convertible senior notes
Convertible Senior Notes [Member]
Convertible Senior Notes [Member]
Total Financing agreements at carrying value
Financing Agreements, Carrying Value [Member]
Financing Agreements, Carrying Value [Member]
Unpaid Principal Balance
Amortized Cost Balance
Financing Agreements, Amortized Cost
Financing Agreements, Amortized Cost
Fair value / Carrying Value
Schedule of Deferred Compensation Arrangement with Individual, Share-based Payments [Table]
Schedule of Deferred Compensation Arrangement with Individual, Share-based Payments [Table]
Type of Deferred Compensation [Axis]
Equity-Based Arrangements, Individual Contracts, Type of Deferred Compensation [Axis]
Equity-Based Arrangements, Individual Contracts, Type of Deferred Compensation [Domain]
Equity-Based Arrangements, Individual Contracts, Type of Deferred Compensation [Domain]
Deferred Compensation Plans
Deferred Compensation, Share-based Payments [Member]
Savings Plan
Savings Plan [Member]
Represents the tax-qualified employee savings plan sponsored by the entity.
Title of Individual [Axis]
Title of Individual [Axis]
Title of Individual [Domain]
Title of Individual [Domain]
Non-employee directors
Director [Member]
Deferred Compensation Activity
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Number of officers having employment agreements with the company
Employment Agreements Number of Officers
Represents the number of officers having employment agreements with the company.
Deferrable compensation by the employee, maximum
Deferred Compensation Arrangement with Individual Compensation Deferrable Percentage, Maximum
Represents the maximum percentage of certain compensation that may be deferred by the senior officers and non-employee directors pursuant to Deferred Plans.
Non-employee directors
Deferred Compensation Arrangement with Individual, Compensation Expense
Undistributed Income Deferred
Deferred Compensation Arrangement with Individual Undistributed Income Deferred
Represents undistributed income deferred by participants under a deferred compensation arrangement as of the balance sheet date.
Liability Under Deferred Plans
Deferred Compensation Arrangement with Individual, Recorded Liability
Employer contribution percentage on first 3 percent of eligible compensation deferred by employees (percent)
Deferred Compensation Arrangement with Individual Employer Matching Contribution on First Tier of Eligible Compensation
Represents the percentage of the employer's matching contribution on the first tier of eligible compensation deferred by employees.
Percentage of eligible compensation deferred by employees qualifying for 100 percent matching contribution (percent)
Deferred Compensation Arrangement with Individual Percentage of First Eligible Compensation for Employer Contribution Match
Represents the percentage of the first tier of eligible compensation deferred by employees and receiving the highest level of employer match.
Employer contribution percentage on next 2 percent of eligible compensation deferred by employees (percent)
Deferred Compensation Arrangement with Individual Employer Matching Contribution on Second Tier of Eligible Compensation
Represents the percentage of the employer's matching contribution on the second tier of eligible compensation deferred by employees.
Percentage of eligible compensation deferred by employees qualifying for 50 percent matching contribution (percent)
Deferred Compensation Arrangement with Individual Percentage of Next Eligible Compensation for Employer Contribution Match
Represents the percentage of the second tier of eligible compensation deferred by employees and receiving the second level of employer match.
Percentage of employer matching contributions that vest immediately (percent)
Matching Contribution by Employer Vesting Percent
The percentage of employer matching contributions under a deferred compensation arrangement that vest immediately.
Expenses for matching contributions
Deferred Compensation Arrangement with Individual, Contributions by Employer
Less than 60 Days Past Due:
Financing Receivables, Less Than 60 Days Past Due [Member]
Financing Receivables, Less Than 60 Days Past Due [Member]
60 Days to 89 Days Past Due:
Financing Receivables, 60 Or More Days Past Due [Member]
Financing Receivables, 60 Or More Days Past Due [Member]
90 Days or More Past Due:
Outstanding principal balance
Residential whole loans at fair value outstanding principal balance
Residential whole loans at fair value outstanding principal balance
Number of loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans
Total Residential whole loans, at fair value
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value, Excluding Unsettled Loans
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value, Excluding Unsettled Loans
Fair value of financial instruments pledged against the repurchase agreements and other advances
Securities Sold under Agreements to Repurchase, Fair Value of Collateral
Fair value of securities pledged against the swaps
Derivative Liability, Fair Value of Collateral
Credit Loss [Abstract]
Financing Receivable, Credit Quality Indicator [Table]
Financing Receivable, Credit Quality Indicator [Table]
Debt-to-Value [Axis]
Debt-to-Value [Axis]
Debt-to-Value [Domain]
Debt-to-Value [Domain]
Debt-to-Value Ratio, Less than 80 Percent
Debt-to-Value Ratio, Less than 80 Percent [Member]
Debt-to-Value Ratio, 80 to 100 Percent
Debt-to-Value Ratio, 80 to 100 Percent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Credit Quality Indicator [Line Items]
2020
Financing Receivable, Year One, Originated, Current Fiscal Year
2019
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year
2018
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year
2017
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year
2016
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year
Prior
Financing Receivable, Originated, More than Five Years before Current Fiscal Year
Gross write-offs, 2018
Financing Receivable, Originated Two Years before Latest Fiscal Year, Gross Write-Offs
Financing Receivable, Originated Two Years before Latest Fiscal Year, Gross Write-Offs
Gross write-offs, prior
Financing Receivable, Originated Five or More Years before Latest Fiscal Year, Gross Write-Offs
Financing Receivable, Originated Five or More Years before Latest Fiscal Year, Gross Write-Offs
Net write-offs, 2018
Financing Receivable, Originated Two Years before Latest Fiscal Year, Net Write-Offs
Financing Receivable, Originated Two Years before Latest Fiscal Year, Net Write-Offs
Net write-offs, 2018
Financing Receivable, Originated Five or More Years before Latest Fiscal Year, Net Write-Offs
Financing Receivable, Originated Five or More Years before Latest Fiscal Year, Net Write-Offs
Six Months Ended June 30, 2020 Gross write-offs
Total Recoveries
Financing Receivable, Allowance for Credit Loss, Recovery
Six Months Ended June 30, 2020 Net write-offs
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery
Ratio Loan-To-Value
EPS Calculation
Earnings Per Share [Text Block]
Percentage of annual REIT taxable income distributed to stockholders
Percentage Of Annual R E I T Taxable Income Distributed to Stockholders
Represents the percentage of annual REIT taxable income that the entity intends to distribute to its stockholders.
REIT income tax expense
Income Tax Expense (Benefit)
Deferred income tax expense (benefit)
Deferred Income Tax Expense (Benefit)
Valuation allowance decrease
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
Cover [Abstract]
Entities [Table]
Entities [Table]
Common Stock, par value $0.01 per share
7.50% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share
7.50% Series B Cumulative RedeemablePreferred Stock [Member]
7.50% Series B Cumulative RedeemablePreferred Stock [Member]
6.50% Series C Cumulative Redeemable Preferred Stock [Member]
6.50% Series C Cumulative Redeemable Preferred Stock [Member]
6.50% Series C Cumulative Redeemable Preferred Stock [Member]
8.00% Senior Notes due 2042
Entity Information [Line Items]
Entity Information [Line Items]
Document Type
Document Type
Document Quarterly Report
Document Quarterly Report
Document Transition Report
Document Transition Report
Document Period End Date
Document Period End Date
Entity File Number
Entity File Number
Entity Registrant Name
Entity Registrant Name
Entity Central Index Key
Entity Central Index Key
Current Fiscal Year End Date
Current Fiscal Year End Date
Document Fiscal Year Focus
Document Fiscal Year Focus
Document Fiscal Period Focus
Document Fiscal Period Focus
Amendment Flag
Amendment Flag
Entity Incorporation, State or Country Code
Entity Incorporation, State or Country Code
Entity Tax Identification Number
Entity Tax Identification Number
Entity Address, Address Line One
Entity Address, Address Line One
Entity Address, City or Town
Entity Address, City or Town
Entity Address, State or Province
Entity Address, State or Province
Entity Address, Postal Zip Code
Entity Address, Postal Zip Code
City Area Code
City Area Code
Local Phone Number
Local Phone Number
Title of 12(b) Security
Title of 12(b) Security
Trading Symbol
Trading Symbol
Security Exchange Name
Security Exchange Name
Entity Current Reporting Status
Entity Current Reporting Status
Entity Interactive Data Current
Entity Interactive Data Current
Entity Filer Category
Entity Filer Category
Entity Small Business
Entity Small Business
Entity Emerging Growth Company
Entity Emerging Growth Company
Entity Shell Company
Entity Shell Company
Entity Common Stock, Shares Outstanding
Entity Common Stock, Shares Outstanding
Use of Special Purpose Entities and Variable Interest Entities
Special Purpose Entities and Variable Interest Entities Disclosure [Text Block]
Represents the disclosure of special purpose entities and variable interest entities of the reporting entity.
Subsequent Events [Abstract]
Subsequent Events
Subsequent Events [Text Block]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Equity Compensation Plan
Equity Compensation Plan 2010 [Member]
It represents the 2010 Equity Compensation Plan.
Award Type [Axis]
Award Type [Axis]
Award Type [Domain]
Award Type [Domain]
Restricted shares of common stock
Restricted Stock [Member]
Dividend Equivalent Rights
Dividend Equivalent Rights [Member]
A DER is a right to receive a distribution equal to dividend distributions that would be paid on a share of the company's common stock.
Share based compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares authorized for grant
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized
Shares available for grant (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant
Maximum number of common shares that can be granted to participant in any one year
Share Based Compensation Arrangement by Share Based Payment Award, Maximum Number of Shares Per Participant
The highest quantity of shares a participant can be awarded in any one year under the plan.
Period during which a participant can be awarded the maximum number of shares allowable under the Plan
Share Based Compensation Arrangement by Share Based Payment Award, Maximum Number of Shares Per Participant Period
Represents the period during which an employee can be awarded the maximum number of shares allowable under the Plan.
Maximum percentage of common shares that can be owned or deemed to be owned by a participant (more than)
Share Based Compensation Arrangement by Share Based Payment Award, Maximum Percentage of Shares Per Participant
The maximum percentage of common shares that can be owned or deemed to be owned by a participant. If the maximum ownership or deemed ownership is attained no awards may be granted to that participant.
Awards granted (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
Forfeitures (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period
Unrecognized compensation cost
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount
Period for recognizing unrecognized compensation cost
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition
Share-based awards outstanding (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number
Equivalent rights payment
Share Based Compensation Arrangement by Share Based Payment Award, Dividend, Equivalent Rights Payment
Aggregate payments on account of dividend equivalent rights during the period. Dividend equivalent rights relate to participating securities representing share-based payment awards that contain nonforfeitable rights to dividends.
Fair Value, by Balance Sheet Grouping [Table]
Fair Value, by Balance Sheet Grouping [Table]
Fair Value, Nonrecurring
Fair Value, Nonrecurring [Member]
Measurement Basis [Axis]
Measurement Basis [Axis]
Fair Value Measurement [Domain]
Fair Value Measurement [Domain]
Portion at Fair Value Measurement
Portion at Fair Value Measurement [Member]
Carrying Value
Reported Value Measurement [Member]
Estimated Fair Value
Estimate of Fair Value Measurement [Member]
Carrying value and estimated fair value of financial instruments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Residential whole loans, carrying value
Residential whole loans, at fair value
MSR-related assets
Cash and cash equivalents
Cash and Cash Equivalents, Fair Value Disclosure
Financial Liabilities (2):
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Financing agreements with mark-to-market collateral provisions
Securitized debt
Convertible Senior Notes
Convertible Debt
Senior notes
Senior Notes
Schedule of information about MBS and CRT Securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]
Schedule of Sale of Residential Mortgage Securities
Schedule of Sale of Residential Mortgage Securities [Table Text Block]
Schedule of Sale of Residential Mortgage Securities [Table Text Block]
Schedule of information about MBS and CRT Securities that were in an unrealized loss position
Schedule of Unrealized Loss on Investments [Table Text Block]
Schedule of Credit Losses
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table Text Block]
Schedule of changes in the components of the purchase discount on Non-Agency MBS
Schedule of Changes In Purchase Discounts Non Agency M B S [Table Text Block]
Tabular disclosure of the changes in the components of the entity's purchase discount on mortgage backed securities not guaranteed by U.S. Government agencies and corporations between purchase discount designated as Credit Reserve and OTTI and accretable purchase discount.
Schedule of impact of AFS on AOCI
Schedule of Accumulated Other Comprehensive Income Mortgage Backed Securities [Table Text Block]
Tabular disclosure of the impact of available-for-sale securities on accumulated other comprehensive income.
Schedule of interest income on MBS, CRT Securities and MSR Related Assets
Interest and Other Income [Table Text Block]
Schedule of Assets Sold under Agreements to Repurchase [Table]
Schedule of Assets Sold under Agreements to Repurchase [Table]
MSR Asset Financing
MSR Asset Financing [Member]
MSR Asset Financing [Member]
Residential whole loans
RPL/NPL MBS
MSR-related assets
Other Interest Earning Assets
Other Interest Earning Assets [Member]
Other Interest Earning Assets [Member]
Loan Securitization
Loan Securitization [Member]
Loan Securitization [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Assets Sold under Agreements to Repurchase [Line Items]
Carrying Value
Securities Sold under Agreements to Repurchase
Weighted average haircut (percent)
Haircut on Securities Weighted Average Percentage
The weighted average percentage amount by which the collateral value is contractually required to exceed the loan amount on the Company's repurchase agreements borrowings.
Financing agreements
Unamortized debt issuance expense
Cash pledged as collateral
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash
Accumulated Other Comprehensive Income (Loss) [Table]
Accumulated Other Comprehensive Income (Loss) [Table]
Total AOCI
Net Unrealized Gain/(Loss) on AFS Securities
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Net (Loss)/Gain on Swaps
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Components of accumulated other comprehensive income/(loss)
OCI before reclassifications
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax
Amounts reclassified from AOCI
Vesting period of restricted share units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period
Period for measuring market condition of award
Share Based Compensation Arrangement by Share Based Payment Award Market Condition Period
Represents the period over which changes in the entity's closing stock price and dividends declared on the entity's common stock are measured to determine stockholder returns that represent a market condition upon which an employee's right to exercise an award is contingent.
Accounting Standards Update and Change in Accounting Principle [Table]
Accounting Standards Update and Change in Accounting Principle [Table]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for loan loss
Jp Morgan Chase
Jp Morgan Chase [Member]
Jp Morgan Chase [Member]
Investment Secondary Categorization [Axis]
Investment Secondary Categorization [Axis]
Investments by Secondary Categorization [Domain]
Investments by Secondary Categorization [Domain]
Discount Designated as Credit Reserve
Discount Designated as Credit Reserves and Other than Temporary Impairment [Member]
Represent the portion of purchase discount designated as credit reserves and other than temporary impairment which are not expected to be accreted into interest income.
Accretable Discount
Accretable Discount [Member]
Represents the accretable purchase discount related to available-for-sale securities.
Changes in the components of the purchase discount on Non-Agency MBS
Available For Sale Securities, Purchase Discount [Roll Forward]
-- None. No documentation exists for this element. --
Balance at beginning of period
Available For Sale Securities, Discount
Represent the total amount of purchase discount related to available-for-sale securities.
Impact of RMBS Issuer Settlement
Available For Sale Securities, Changes in Purchase Discount Due to Settlements
Available For Sale Securities, Changes in Purchase Discount Due to Settlements
Accretion of discount
Investment Income, Amortization of Discount
Realized credit losses
Purchases
Available For Sale Securities, Changes in Purchase Discount Due to Purchases
Represents the changes in the purchase discount on available-for-sale securities due to purchases during the period.
Sales/Redemptions
Available For Sale Securities Changes in Purchase Discount Due to Sales
Represents the changes in the purchase discount on available-for-sale securities due to sales during the period.
Net impairment losses recognized in earnings
Available For Sale Securities Changes in Purchase Discount Due to Net Impairment Losses Recognized in Earnings
Represents the changes in the purchase discount on available-for-sale securities due to net impairment losses recognized in earnings during the period.
Transfers/release of credit reserve
Available For Sale Securities, Purchase Discount Designated as Credit Reserves Reallocated to Accretable Purchase Discount
Represent the amount of purchase discount on available-for-sale securities designated as credit reserves reallocated during the period to accretable purchase discount.
Balance at end of period
Proceeds from legal settlements
Proceeds from Legal Settlements
Allocated expense
Share-based Payment Arrangement, Expense
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table]
Debt Securities, Available-for-sale, Allowance for Credit Loss [Table]
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Allowance for credit losses at beginning of period
Debt Securities, Available-for-sale, Allowance for Credit Loss
Securities with no prior loss allowance
Debt Securities, Available-for-sale, Allowance for Credit Loss, Credit Loss, Expense (Reversal), No Prior Allowance
Debt Securities, Available-for-sale, Allowance for Credit Loss, Credit Loss, Expense (Reversal), No Prior Allowance
Securities with a prior loss allowance
Debt Securities, Available-for-sale, Allowance for Credit Loss, Credit Loss, Expense (Reversal), With A Prior Loss Allowance
Debt Securities, Available-for-sale, Allowance for Credit Loss, Credit Loss, Expense (Reversal), With A Prior Loss Allowance
Write-offs, including allowance related to securities the Company intends to sell
Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff
Allowance for credit losses at end of period
Unfunded commitment for rehabilitation loans
Unfunded Commitment
Unfunded Commitment
Repurchase loans allowance
Repurchase Loans, Allowance
Repurchase Loans, Allowance
Senior Notes
Senior Subordinated Notes [Member]
Proceeds from issuance of debt
Redemption price as percentage of principal amount
Debt Instrument, Redemption Price, Percentage
Coupon interest
Coupon Interest Securities Mortgage Backed
Represents the coupon interest income derived from securities backed by a pool of mortgages or trust deeds.
Effective yield adjustment
Effective Yield Adjustment Securities Mortgage Backed
Represents the following effective yield adjustments pertaining to mortgage backed securities. (1) For Agency MBS, this reflects net premium amortization and discount accretion based on actual prepayment activity. (2) For Non-Agency MBS, this is the difference between the net income calculated using the net yield, which is based on management's estimates of future cash flows, less the current coupon yield.
Interest income
Accretion Income
Accretion Income
Accretion Income
Expected to Recover Less Than Par
Non-Agency MBS Expected to Recover Less Than Par [Member]
Non-Agency MBS Expected to Recover Less Than Par [Member]
CRT, Fair Value Option
CRT, Fair Value Option [Member]
CRT, Fair Value Option [Member]
Agency MBS, Fair Value Option
Agency MBS, Fair Value Option [Member]
Agency MBS, Fair Value Option [Member]
Loans Insured or Guaranteed by Government Authorities [Axis]
Loans Insured or Guaranteed by Government Authorities [Axis]
Loans Insured or Guaranteed by Government Authorities [Domain]
Loans Insured or Guaranteed by Government Authorities [Domain]
Fannie Mae
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Freddie Mac
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Ginnie Mae
Government National Mortgage Association Certificates and Obligations (GNMA) [Member]
Principal/ Current Face
Investment Owned, Balance, Principal Amount
Purchase Premiums
Available For Sale Securities, Purchase Premiums
Represents the amount of unamortized purchase premiums related to available-for-sale securities.
Accretable Purchase Discounts
Available For Sale Securities, Accretable Purchase Discounts
Represents the amount of unamortized accretable purchase discounts related to available-for-sale securities.
Discount Designated as Credit Reserve and OTTI
Available For Sale Securities, Discount Designated as Credit Reserve and Other than Temporary Impairments
Represent the amount of purchase discount designated as credit reserves and not expected to be accreted into interest income. Also includes other than temporary impairments which are not expected to be accreted into interest income.
Amortized Cost
Debt Securities, Available-for-sale, Amortized Cost
Gross Unrealized Gains
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax
Gross Unrealized Losses
Net Unrealized Gain/(Loss)
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax
Fair Value
Percentage of current face amount of Non-Agency MBS to be recovered
Percentage of Current Face Amount of Non-Agency MBS Expected to be Recovered
Represents the percentage of current face amount of non-agency MBS expected to be recovered.
Principal payments receivable
Available For Sale Securities, Principal Payments Receivable
Represents the principal payment receivable with respect to available-for-sale securities.
Debt securities, fair value option
Debt Securities, Fair Value Option
Debt Securities, Fair Value Option
Subsequent Event [Table]
Subsequent Event [Table]
Subsequent Event [Line Items]
Subsequent Event [Line Items]
Senior Bonds
Other Assets
Other Assets [Member]
Real estate owned at fair value
Real Estate Owned At Fair Value
Real Estate Owned At Fair Value
Residential whole loans, net
Total residential whole loans
Loans, Including Fair Value Loans, Credit Impaired Loans and Other Loans at Carrying Value
Loans, Including Fair Value Loans, Credit Impaired Loans and Other Loans at Carrying Value
Schedule of other assets
Schedule of Other Assets [Table Text Block]
Schedule of activity for real estate owned
Other Real Estate, Roll Forward [Table Text Block]
Schedule of derivative instruments and balance sheet location
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
Schedule of assets pledged as collateral against derivative contracts
Schedule of Collateral Pledged Against Derivative Contracts [Table Text Block]
Tabular disclosure of assets held by the entity and pledged as collateral against derivative contracts.
Schedule of information about swaps
Schedule of Derivative Instruments [Table Text Block]
Schedule of interest expense and the weighted average interest rate paid and received on swaps
Schedule of Interest Expense Weighted Average Interest Rates Paid Received [Table Text Block]
Tabular disclosure of the net impact of derivative hedging instruments on the entity's interest expense and the weighted average rates paid and received during the current period.
Schedule of impact of hedging instruments on AOCI
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Schedule of Real Estate Properties [Table]
Schedule of Real Estate Properties [Table]
Real Estate Properties [Line Items]
Real Estate Properties [Line Items]
Number of real estate owned properties
Real estate owned
Residential Whole Loans acquired through foreclosure ordered in lieu
Real Estate Acquired Through Foreclosure
Mortgage loans in process of foreclosure
Mortgage Loans in Process of Foreclosure, Amount
Level 1
Fair Value, Inputs, Level 1 [Member]
Level 2
Fair Value, Inputs, Level 2 [Member]
Components of financial instruments carried at fair value
Assets:
Assets, Fair Value Disclosure [Abstract]
Total assets carried at fair value
Assets, Fair Value Disclosure
Liabilities:
Liabilities, Fair Value Disclosure [Abstract]
Liabilities carried at fair value
Financial Liabilities Fair Value Disclosure
Other
Other Liabilities, Fair Value Disclosure
Total liabilities carried at fair value
Financial and Nonfinancial Liabilities, Fair Value Disclosure
Equity Compensation, Employment Agreements and Other Benefit Plans
Compensation Related Costs, General [Text Block]
Residential Whole Loans, at Carrying Value
Residential Whole Loans, at Carrying Value [Table Text Block]
Residential Whole Loans, at Carrying Value [Table Text Block]
Schedule of Interest Income Components
Schedule of Interest Income Components [Table Text Block]
Schedule of Interest Income Components [Table Text Block]
Financing Receivable Credit Quality Indicators
Financing Receivable Credit Quality Indicators [Table Text Block]
Schedule of Credit Losses
Financing Receivable, Allowance for Credit Loss [Table Text Block]
Residential Whole Loans, Fair Value
Residential Whole Loans, Fair Value [Table Text Block]
Residential Whole Loans, Fair Value [Table Text Block]
Residential Whole Loans, Fair Value, Component of Net gain on residential whole loans
Residential Whole Loans, Fair Vale, Component of Net Income [Table Text Block]
Residential Whole Loans, Fair Vale, Component of Net Income [Table Text Block]
Schedule of Property, Plant and Equipment [Table]
Property, Plant and Equipment [Table]
Furniture, fixtures, computers and related hardwares
Property, Plant and Equipment, Other Types [Member]
Building
Building [Member]
Estimated useful life of long-lived assets
Property, Plant and Equipment [Line Items]
Estimated useful life
Property, Plant and Equipment, Useful Life
Non-QM Loans Related to Reversed Valuation Allowance
Non-QM Loans Related to Reversed Valuation Allowance [Member]
Non-QM Loans Related to Reversed Valuation Allowance [Member]
Realized loss on sale of financing receivable
Realized Loss on Sale of Financing Receivable
Realized Loss on Sale of Financing Receivable
Loss on sale of financing receivable
Gain (Loss) on Sale of Financing Receivable
Valuation allowance adjustment
Financing receivable, nonaccrual
Financing Receivable, Nonaccrual
Interest income
Financing Receivable, Nonaccrual, Interest Income
Unpaid principal balance of loans
Financing Receivable, Unpaid Principal Balance
Financing Receivable, Unpaid Principal Balance
Other real estate, fair value
Other Real Estate, Fair Value
Other Real Estate, Fair Value