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Secured Financing Agreements - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Repurchase Agreement Counterparty [Line Items]          
Secured Financing Agreements, Unpaid Principal/Notional $ 3,228,748   $ 3,228,748   $ 2,432,115
Margin cash collateral pledged to repurchase agreement counterparties $ 13,449   $ 13,449   $ 22,930
Securities sold under agreements to repurchase, haircut 7.50%   7.50%   7.50%
Decrease in share price (as a percent)     50.00%    
Weighted average maturity     3 years    
Securities sold under agreements to repurchase, weighted average borrowing rate     5.10%   5.10%
Gains (losses) on extinguishment of debt $ 0 $ 0 $ 0 $ 6,348  
Nomura          
Repurchase Agreement Counterparty [Line Items]          
Amount at risk 495,000   495,000   $ 433,000
Warehouse Agreement Borrowings          
Repurchase Agreement Counterparty [Line Items]          
Unused warehouse credit facilities 1,900,000   $ 1,900,000    
Repurchase Agreements | Nomura | Stockholders' Equity, Total | Credit Concentration Risk | Asset Pledged as Collateral          
Repurchase Agreement Counterparty [Line Items]          
Concentration risk (as a percent)     18.00%   17.00%
Weighted average maturity     172 days   412 days
Minimum | Warehouse Agreement Borrowings          
Repurchase Agreement Counterparty [Line Items]          
Maturity dates of credit facility     3 months    
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]          
Secured Financing Agreements, Unpaid Principal/Notional 869,000   $ 869,000   $ 924,000
Not Subject to Additional Margin Requirements Until Drop in Fair Value of Collateral          
Repurchase Agreement Counterparty [Line Items]          
Secured Financing Agreements, Unpaid Principal/Notional $ 519,000   $ 519,000   $ 546,000
Agency RMBS - Interest-only          
Repurchase Agreement Counterparty [Line Items]          
Securities sold under agreements to repurchase, haircut 5.40%   5.40%    
Agency CMBS - Project loans          
Repurchase Agreement Counterparty [Line Items]          
Securities sold under agreements to repurchase, haircut 5.60%   5.60%   5.20%
Non-agency MBS and Loans held for investment          
Repurchase Agreement Counterparty [Line Items]          
Securities sold under agreements to repurchase, haircut 26.20%   26.20%   26.10%
Secured Financing Agreements, at fair value          
Repurchase Agreement Counterparty [Line Items]          
Secured Financing Agreements, Unpaid Principal/Notional $ 345,107   $ 345,107   $ 362,215
Fair value of pledged collateral 399,000   399,000   401,000
Secured financing agreements 338,782   338,782   350,238
Gains (losses) on extinguishment of debt $ 0   $ 0   $ (2,000)