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Consolidated Securitization Vehicles and Other Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Assets and Liabilities Related to the Consolidated VIEs The table below reflects the assets and liabilities recorded in the Consolidated Statements of Financial Condition related to the consolidated VIEs as of September 30, 2021 and December 31, 2020.
 September 30, 2021December 31, 2020
 (dollars in thousands)
Assets:  
Non-Agency RMBS, at fair value (1)
$424,320 $505,479 
Loans held for investment, at fair value10,382,307 11,591,598 
Accrued interest receivable48,436 53,804 
Other assets10,738 14,136 
Total Assets:$10,865,801 $12,165,017 
Liabilities:  
Securitized debt, collateralized by Non-Agency RMBS$92,204 $113,433 
Securitized debt at fair value, collateralized by Loans held for investment7,290,663 7,923,523 
Accrued interest payable15,452 23,677 
Other liabilities2,179 2,477 
Total Liabilities:7,400,498 8,063,110 
(1) December 31, 2020 balance includes allowance for credit losses of $117 thousand.
Schedule of Income, OTTI and Expense Amounts Related to Consolidated VIEs
Income and expense amounts related to consolidated VIEs recorded in the Consolidated Statements of Operations is presented in the tables below.
 For the Quarters ended
 September 30, 2021September 30, 2020
 (dollars in thousands)
Interest income, Assets of consolidated VIEs$138,984 $171,442 
Interest expense, Non-recourse liabilities of VIEs43,525 74,753 
Net interest income$95,459 $96,689 
(Increase) decrease in provision for credit losses$(365)$126 
Servicing fees$6,561 $8,291 
 For the Nine Months ended
 September 30, 2021September 30, 2020
 (dollars in thousands)
Interest income, Assets of consolidated VIEs$446,198 $515,250 
Interest expense, Non-recourse liabilities of VIEs159,666 210,198 
Net interest income$286,532 $305,052 
(Increase) decrease in provision for credit losses$(117)$(91)
Servicing fees$20,244 $24,673