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Secured Financing Agreements - Schedule of Secured Financing Agreements (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: $ 2,686,522 $ 3,434,765
Debt issuance costs, net 2,000 1,000
Repurchase Agreements    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 2,707,634 3,443,431
Average balance of Secured financing agreements secured by: 3,051,451 3,208,136
Repurchase Agreements | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements 3,898,631 4,699,722
Repurchase Agreements | Agency RMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 0 3,946
Average balance of Secured financing agreements secured by: $ 2,881 $ 11,714
Average borrowing rate of Secured financing agreements secured by: 0.00% 4.70%
Average remaining maturity of Secured financing agreements secured by:   17 days
Average original maturity of Secured financing agreements secured by:   60 days
Repurchase Agreements | Agency RMBS | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements $ 0 $ 6,662
Repurchase Agreements | Agency MBS - Project Loans    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 100,899 355,934
Average balance of Secured financing agreements secured by: $ 190,448 $ 376,551
Average borrowing rate of Secured financing agreements secured by: 5.23% 4.49%
Average remaining maturity of Secured financing agreements secured by: 26 days 25 days
Average original maturity of Secured financing agreements secured by: 121 days 42 days
Repurchase Agreements | Agency MBS - Project Loans | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements $ 103,135 $ 382,547
Repurchase Agreements | Non-agency MBS and Loans held for investment    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 2,606,735 3,083,551
Average balance of Secured financing agreements secured by: $ 2,858,122 $ 2,819,871
Average borrowing rate of Secured financing agreements secured by: 7.34% 6.86%
Average remaining maturity of Secured financing agreements secured by: 479 days 474 days
Average original maturity of Secured financing agreements secured by: 585 days 499 days
Repurchase Agreements | Non-agency MBS and Loans held for investment | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements $ 3,795,496 $ 4,310,513