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Mortgage-Backed Securities - Collateral Characteristics (Details) - USD ($)
$ / shares in Units, $ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 10,660,492 $ 12,211,298
Residential Mortgage-Backed Securities | Non-Agency RMBS - Senior    
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 1,340,949 $ 1,560,135
Weighted Average Amortized Cost Basis (in dollars per share) $ 48.75 $ 50.65
Weighted Average Fair Value (in dollars per share) $ 78.62 $ 81.90
Weighted Average Coupon 4.40% 4.50%
Weighted Average Yield at Period-End 17.60% 16.90%
Residential Mortgage-Backed Securities | Non-Agency RMBS - Subordinated    
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 849,256 $ 905,674
Weighted Average Amortized Cost Basis (in dollars per share) $ 67.92 $ 62.46
Weighted Average Fair Value (in dollars per share) $ 76.37 $ 67.43
Weighted Average Coupon 3.80% 3.80%
Weighted Average Yield at Period-End 6.70% 6.30%
Residential Mortgage-Backed Securities | Non-Agency RMBS - Senior interest-only    
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 4,225,195 $ 5,628,240
Weighted Average Amortized Cost Basis (in dollars per share) $ 4.77 $ 4.43
Weighted Average Fair Value (in dollars per share) $ 4.43 $ 4.66
Weighted Average Coupon 1.60% 1.50%
Weighted Average Yield at Period-End 12.80% 16.20%
Residential Mortgage-Backed Securities | Agency RMBS - Interest-only    
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 1,067,557 $ 1,262,963
Weighted Average Amortized Cost Basis (in dollars per share) $ 9.97 $ 9.41
Weighted Average Fair Value (in dollars per share) $ 6.17 $ 7.18
Weighted Average Coupon 1.30% 1.70%
Weighted Average Yield at Period-End 0.70% 1.60%
Commercial Mortgage Backed Securities | Agency MBS - Commercial    
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 825,894 $ 1,527,621
Weighted Average Amortized Cost Basis (in dollars per share) $ 101.87 $ 101.81
Weighted Average Fair Value (in dollars per share) $ 112.16 $ 112.23
Weighted Average Coupon 4.30% 4.10%
Weighted Average Yield at Period-End 4.10% 3.80%
Commercial Mortgage Backed Securities | Agency CMBS - Interest-only    
Investment Holdings [Line Items]    
Principal or Notional Value at Period-End (dollars in thousands) $ 2,351,641 $ 1,326,665
Weighted Average Amortized Cost Basis (in dollars per share) $ 5.60 $ 1.78
Weighted Average Fair Value (in dollars per share) $ 5.78 $ 1.95
Weighted Average Coupon 0.70% 0.60%
Weighted Average Yield at Period-End 5.30% 8.40%