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Financings - Narrative (Details)
1 Months Ended 12 Months Ended
Aug. 31, 2019
USD ($)
May 31, 2019
USD ($)
Mar. 31, 2019
USD ($)
Mar. 31, 2018
USD ($)
Oct. 31, 2017
USD ($)
Nov. 30, 2015
USD ($)
Dec. 31, 2019
USD ($)
item
Dec. 31, 2018
USD ($)
Sep. 30, 2019
USD ($)
Borrowings Under Repurchase Agreements                  
Number of counterparties to master repurchase agreement | item             34    
Number of counterparties from whom the Company had borrowings | item             21    
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 2,824,877,000 $ 2,818,837,000  
Less unamortized debt issuance costs             76,000 0  
Borrowings under repurchase agreements             $ 2,824,801,000 $ 2,818,837,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             2.61% 3.45%  
Weighted Average Remaining Maturity (days)             179 days 54 days  
Securitized debt, at fair value             $ 1,477,454,000 $ 949,626,000  
Securitized debt             $ 1,057,000    
Convertible Debt | Six Point Seventy Five Percent Convertible Senior Unsecured Notes                  
Borrowings Under Repurchase Agreements                  
Convertible senior unsecured notes, earliest redemption period by company 3 months       3 months   3 months    
Certain characteristics of the Company's repurchase agreements                  
Principal Balance $ 40,000,000.0       $ 115,000,000.0   $ 205,000,000.0    
Convertible Debt | Three Point Seventy Five Percent Convertible Senior Unsecured Notes                  
Certain characteristics of the Company's repurchase agreements                  
Convertible senior unsecured notes, conversion ratio         0.0831947        
Repurchase Agreements                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 535,991,000 $ 0  
Long-term Debt, Weighted Average Interest Rate, at Point in Time             3.45% 0.00%  
Weighted Average Remaining Maturity (days)             805 days 0 years  
Whole-Loans and Securitized Commercial Loan | Repurchase Agreements                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 374,143,000 $ 0  
Long-term Debt, Weighted Average Interest Rate, at Point in Time             3.27% 0.00%  
Weighted Average Remaining Maturity (days)             898 days 0 years  
Commercial Loans | Repurchase Agreements                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 161,848,000 $ 0  
Long-term Debt, Weighted Average Interest Rate, at Point in Time             3.88% 0.00%  
Weighted Average Remaining Maturity (days)             590 days 0 years  
VIE                  
Certain characteristics of the Company's repurchase agreements                  
Securitized debt, at fair value             $ 1,477,454,000 $ 949,626,000  
CMSC Trust                  
Certain characteristics of the Company's repurchase agreements                  
Commercial pass-through certificates, amount             25,000,000.0    
Trust certificates issued             24,000,000.0    
Financing receivable, gross             24,048,000 24,456,000  
Trust certificates, at fair value             $ 24,100,000    
Debt instrument, interest rate, effective percentage             8.90%    
RETL Trust                  
Certain characteristics of the Company's repurchase agreements                  
Trust certificates issued             $ 598,500,000    
Financing receivable, gross             674,331,000 988,609,000  
RETL Trust | Secured Debt                  
Certain characteristics of the Company's repurchase agreements                  
Principal Balance             674,331,000    
Fair value             676,435,000    
RETL Trust | Secured Debt | Class C                  
Certain characteristics of the Company's repurchase agreements                  
Principal Balance             308,400,000    
Payments to acquire securitized debt             30,600,000    
Fair value             309,171,000    
RETL Trust | Secured Debt | Commercial Mortgage Pass-Through Certificate, Class A                  
Certain characteristics of the Company's repurchase agreements                  
Principal Balance             219,431,000    
Fair value             219,567,000    
RETL Trust | Affiliated Entity                  
Certain characteristics of the Company's repurchase agreements                  
Trust certificates issued             60,600,000    
RETL Trust | Third Party                  
Certain characteristics of the Company's repurchase agreements                  
Trust certificates issued             537,900,000    
Arroyo Trust | Secured Debt                  
Certain characteristics of the Company's repurchase agreements                  
Principal Balance                 $ 801,114,000
Fair value                 795,811,000
MRCD Trust                  
Certain characteristics of the Company's repurchase agreements                  
Trust certificates issued             83,600,000    
Financing receivable, gross             245,000,000.0 0  
MRCD Trust | Secured Debt                  
Certain characteristics of the Company's repurchase agreements                  
Principal Balance             245,000,000    
Fair value             208,547,000    
MRCD Trust | Secured Debt | Commercial Mortgage Pass-Through Certificate, Class A                  
Certain characteristics of the Company's repurchase agreements                  
Principal Balance             234,500,000    
Payments to acquire securitized debt             150,900,000    
Fair value             198,104,000    
Repurchase Agreements                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 2,288,886,000 $ 2,818,837,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             2.41% 3.45%  
Weighted Average Remaining Maturity (days)             32 days 54 days  
Repurchase Agreements | Subtotal Agency RMBS                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 348,274,000 $ 14,650,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             1.99% 3.09%  
Weighted Average Remaining Maturity (days)             52 days 21 days  
Repurchase Agreements | Agency CMBS                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 1,352,248,000 $ 1,392,649,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             2.05% 2.71%  
Weighted Average Remaining Maturity (days)             26 days 40 days  
Repurchase Agreements | Non-Agency RMBS                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 30,481,000 $ 30,922,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             3.56% 4.06%  
Weighted Average Remaining Maturity (days)             9 days 18 days  
Repurchase Agreements | Non-Agency CMBS                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 190,390,000 $ 134,814,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             3.05% 4.05%  
Weighted Average Remaining Maturity (days)             35 days 48 days  
Repurchase Agreements | Whole-Loans and Securitized Commercial Loan                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 102,029,000 $ 863,356,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             3.51% 4.08%  
Weighted Average Remaining Maturity (days)             27 days 93 days  
Repurchase Agreements | Residential Bridge Loans                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 29,869,000 $ 204,754,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             3.93% 4.50%  
Weighted Average Remaining Maturity (days)             28 days 25 days  
Repurchase Agreements | Commercial Loans                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 62,746,000 $ 131,788,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             4.04% 4.55%  
Weighted Average Remaining Maturity (days)             28 days 26 days  
Repurchase Agreements | Securitized Commercial Loans                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 116,087,000 $ 7,543,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             3.93% 4.30%  
Weighted Average Remaining Maturity (days)             49 days 15 days  
Repurchase Agreements | Other securities                  
Certain characteristics of the Company's repurchase agreements                  
Repurchase Agreement Borrowings             $ 56,762,000 $ 38,361,000  
Weighted Average Interest Rate on Borrowings Outstanding at end of period             3.23% 4.18%  
Weighted Average Remaining Maturity (days)             34 days 26 days  
Securitized Commercial Loans | VIE                  
Certain characteristics of the Company's repurchase agreements                  
Securitized debt             $ 681,643,000 $ 949,626,000  
Securitized Commercial Loans | CMSC Trust                  
Certain characteristics of the Company's repurchase agreements                  
Amount acquired, eliminated in consolidation           $ 14,000,000.0 13,500,000    
Securitized debt, at fair value             10,600,000    
Securitized Commercial Loans | CMSC Trust | Securitized Debt                  
Certain characteristics of the Company's repurchase agreements                  
Securitized debt, at fair value             10,600,000    
Securitized Commercial Loans | RETL Trust                  
Certain characteristics of the Company's repurchase agreements                  
Amount acquired, eliminated in consolidation     $ 65,300,000 $ 67,800,000          
Securitized Commercial Loans | MRCD Trust                  
Certain characteristics of the Company's repurchase agreements                  
Amount acquired, eliminated in consolidation             161,400,000    
Residential Whole Loans, at Fair Value | VIE                  
Certain characteristics of the Company's repurchase agreements                  
Borrowings under repurchase agreements             209,900,000 618,700,000  
Residential Whole Loans, at Fair Value | Arroyo Mortgage Trust 2019-2                  
Certain characteristics of the Company's repurchase agreements                  
Borrowings under repurchase agreements             919,000,000.0   919,000,000.0
Residential Whole Loans, at Fair Value | Arroyo Mortgage Trust 2019-2 | Arroyo Trust                  
Certain characteristics of the Company's repurchase agreements                  
Transfer of residential mortgage-backed securitization   $ 945,500,000              
Residential Whole Loans, at Fair Value | Arroyo Trust | Secured Debt                  
Certain characteristics of the Company's repurchase agreements                  
Fair value             $ 814,000,000.0    
Debt instrument, collateral balance percentage             20.00%    
Residential Facility                  
Certain characteristics of the Company's repurchase agreements                  
Line of credit facility, maximum borrowing capacity                 $ 700,000,000.0
Commercial Facility                  
Certain characteristics of the Company's repurchase agreements                  
Line of credit facility, maximum borrowing capacity             $ 200.0    
Estimate of Fair Value Measurement                  
Certain characteristics of the Company's repurchase agreements                  
Securitized debt             681,643,000 $ 949,626,000  
Estimate of Fair Value Measurement | RETL Trust | Secured Debt | Class C                  
Certain characteristics of the Company's repurchase agreements                  
Securitized debt             600,500,000    
Estimate of Fair Value Measurement | MRCD Trust | Secured Debt | Commercial Mortgage Pass-Through Certificate, Class A                  
Certain characteristics of the Company's repurchase agreements                  
Securitized debt             $ 70,600,000