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Secured Financing Agreements - Narrative (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Repurchase Agreement Counterparty [Line Items]    
Repurchase agreements outstanding $ 2,686,522 $ 3,434,765
Margin cash collateral pledged to repurchase agreement counterparties $ 15,304 $ 33,415
Securities sold under agreements to repurchase, haircut 7.50% 7.50%
Decrease in share price (as a percent) 50.00%  
Weighted average maturity 5 years  
Securities sold under agreements to repurchase, weighted average borrowing rate 5.14% 5.14%
Nomura    
Repurchase Agreement Counterparty [Line Items]    
Amount at risk $ 304,000 $ 308,000
Warehouse Agreement Borrowings    
Repurchase Agreement Counterparty [Line Items]    
Unused warehouse credit facilities $ 2,100,000  
Repurchase Agreements | Nomura | Stockholders' Equity, Total | Credit Concentration Risk | Asset Pledged as Collateral    
Repurchase Agreement Counterparty [Line Items]    
Concentration risk (as a percent) 12.00% 12.00%
Weighted average maturity 454 days 582 days
Minimum | Warehouse Agreement Borrowings    
Repurchase Agreement Counterparty [Line Items]    
Maturity dates of credit facility 30 days  
Maximum | Warehouse Agreement Borrowings    
Repurchase Agreement Counterparty [Line Items]    
Maturity dates of credit facility 1 year  
Not Subject to Additional Margin Requirements Upon Change in Fair Value of Collateral Pledged    
Repurchase Agreement Counterparty [Line Items]    
Repurchase agreements outstanding $ 1,200,000 $ 1,200,000
Not Subject to Additional Margin Requirements Until Drop in Fair Value of Collateral    
Repurchase Agreement Counterparty [Line Items]    
Repurchase agreements outstanding $ 316,000 $ 365,000
Agency RMBS - Interest-only    
Repurchase Agreement Counterparty [Line Items]    
Securities sold under agreements to repurchase, haircut   20.00%
Agency MBS - Commercial    
Repurchase Agreement Counterparty [Line Items]    
Securities sold under agreements to repurchase, haircut 5.10% 7.80%
Non-agency MBS and Loans held for investment    
Repurchase Agreement Counterparty [Line Items]    
Securities sold under agreements to repurchase, haircut 25.10% 25.70%
Secured Financing Agreements, at fair value    
Repurchase Agreement Counterparty [Line Items]    
Repurchase agreements outstanding $ 374,929 $ 382,838
Secured financing agreements 353,817 374,172
Fair value of pledged collateral $ 414,000 $ 418,000