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Secured Financing Agreements - Schedule of Secured Financing Agreements (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: $ 3,228,748 $ 2,432,115
Repurchase Agreements    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 3,235,072 2,444,091
Average balance of Secured financing agreements secured by: 2,867,382 2,836,314
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: 4,553,156 3,539,416
Repurchase Agreements | Agency RMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 837,204 0
Average balance of Secured financing agreements secured by: $ 472,153 1,551
Average borrowing rate of Secured financing agreements secured by: 5.43%  
Average remaining maturity of Secured financing agreements secured by: 9 days  
Average original maturity of Secured financing agreements secured by: 36 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: $ 887,721 0
Repurchase Agreements | Agency CMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 29,627 68,502
Average balance of Secured financing agreements secured by: $ 37,507 $ 139,746
Average borrowing rate of Secured financing agreements secured by: 5.34% 5.60%
Average remaining maturity of Secured financing agreements secured by: 7 days 32 days
Average original maturity of Secured financing agreements secured by: 28 days 86 days
Repurchase Agreements | Agency CMBS | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements: $ 30,464 $ 74,345
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: 2,368,241 2,375,589
Average balance of Secured financing agreements secured by: $ 2,357,722 $ 2,695,017
Average borrowing rate of Secured financing agreements secured by: 7.17% 7.56%
Average remaining maturity of Secured financing agreements secured by: 298 days 418 days
Average original maturity of Secured financing agreements secured by: 320 days 445 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: $ 3,634,971 $ 3,465,071