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Condensed Quarterly Financial Data (Unaudited) (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Text Block [Abstract]                      
Interest income $ 49,390,000 $ 40,146,000 $ 45,890,000 $ 40,079,000 $ 39,067,000 $ 43,075,000 $ 39,281,000 $ 52,108,000 $ 175,505,000 $ 173,531,000 $ 159,901,000
Interest expense (10,918,000) (10,604,000) (11,166,000) (11,342,000) (11,952,000) (12,937,000) (14,686,000) (22,090,000) (44,030,000) (61,665,000) (78,479,000)
Interest Income (Expense), Net 38,472,000 29,542,000 34,724,000 28,737,000 27,115,000 30,138,000 24,595,000 30,018,000 131,475,000 111,866,000 81,422,000
Realized gains (losses) on securities and loans, financial derivatives, and real estate owned, net 5,229,000 4,527,000 (1,658,000) 10,132,000 (9,551,000) (192,000) (27,927,000) 204,000      
Unrealized gains (losses) on securities and loans, financial derivatives, and real estate owned, net (31,462,000) (1,385,000) 3,003,000 8,138,000 42,547,000 24,032,000 52,057,000 (144,079,000)      
Base management fee to affiliate (Net of fee rebates) 3,115,000 3,675,000 3,355,000 3,277,000 3,178,000 2,981,000 2,906,000 2,443,000 13,422,000 [1] 11,508,000 [1] 7,988,000
Incentive Fee Expense 3,246,000 5,255,000 7,157,000 0 0 0 0 0 15,658,000 0 116,000
Servicing expense 1,280,000 1,182,000 974,000 986,000 1,736,000 2,379,000 2,493,000 2,531,000 4,422,000 9,139,000 8,632,000
Debt issuance costs related to Other secured borrowings, at fair value 1,586,000 0 2,039,000 1,665,000 1,819,000 0 2,075,000 0 5,290,000 3,894,000 3,536,000
Other 3,113,000 1,697,000 1,818,000 2,204,000 1,782,000 1,199,000 707,000 1,423,000 8,832,000 5,111,000 5,609,000
Professional fees 1,979,000 1,202,000 1,037,000 1,198,000 1,186,000 1,209,000 1,333,000 1,277,000 5,416,000 5,005,000 4,853,000
Compensation expense 1,357,000 1,554,000 1,412,000 1,420,000 962,000 1,085,000 941,000 788,000 5,743,000 3,776,000 3,649,000
Other expenses 1,764,000 1,682,000 1,633,000 1,579,000 1,531,000 1,625,000 1,497,000 1,752,000 6,658,000 6,405,000 4,354,000
Operating Expenses 17,440,000 16,247,000 19,425,000 12,329,000 12,194,000 10,478,000 11,952,000 10,214,000 65,441,000 44,838,000 38,737,000
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 8,528,000 19,423,000 21,007,000 36,638,000 47,122,000 40,753,000 36,338,000 (122,392,000) 85,596,000 1,821,000 54,526,000
Income Tax Expense (Benefit) (4,000) (2,009,000) 3,140,000 2,017,000 7,888,000 2,494,000 1,542,000 (547,000) 3,144,000 11,377,000 1,558,000
Earnings (losses) from investments in unconsolidated entities 30,318,000 2,549,000 18,602,000 6,635,000 27,344,000 11,443,000 5,643,000 (6,497,000) 58,104,000 37,933,000 10,209,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 38,850,000 23,981,000 36,469,000 41,256,000 66,578,000 49,702,000 40,439,000 (128,342,000) 140,556,000 28,377,000 63,177,000
Net income (loss) attributable to non-controlling interests 2,284,000 1,476,000 1,874,000 1,459,000 1,475,000 1,559,000 1,220,000 (885,000) 7,093,000 3,369,000 5,244,000
Dividends on preferred stock 2,295,000 1,941,000 1,940,000 1,941,000 1,941,000 1,940,000 1,941,000 1,941,000 8,117,000 7,763,000 1,466,000
Net income (loss) attributable to common stockholders $ 34,271,000 $ 20,564,000 $ 32,655,000 $ 37,856,000 $ 63,162,000 $ 46,203,000 $ 37,278,000 $ (129,398,000) $ 125,346,000 $ 17,245,000 $ 56,467,000
Basic and Diluted (USD per share) $ 0.61 $ 0.41 $ 0.75 $ 0.86 $ 1.44 $ 1.06 $ 0.85 $ (3.04) $ 2.58 $ 0.39 $ 1.76
Other, net $ 13,729,000 $ 2,986,000 $ 4,363,000 $ 1,960,000 $ (795,000) $ (2,747,000) $ (435,000) $ 1,679,000 $ 23,038,000 $ (2,298,000) $ 5,350,000
Noninterest Income $ (12,504,000) $ 6,128,000 $ 5,708,000 $ 20,230,000 $ 32,201,000 $ 21,093,000 $ 23,695,000 $ (142,196,000) $ 19,562,000 $ (65,207,000) $ 11,841,000
[1] See Note 13 for further details on management fee rebates.