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PLEDGED ASSETS - Assets Pledged to Counterparties (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Pledged Assets [Line Items]    
Accrued interest receivable $ 14,853 $ 18,859
Restricted cash 130,199 65,299
Total Assets Pledged To Counterparties 4,758,342 6,620,228
Repurchase Agreement [Member]    
Pledged Assets [Line Items]    
Restricted cash 113,589 57,264
Total Assets Pledged To Counterparties 4,705,252 6,582,440
Derivative [Member]    
Pledged Assets [Line Items]    
Restricted cash 16,610 8,035
Total Assets Pledged To Counterparties 53,090 37,788
Residential Mortgage Backed Securities [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable 14,819 18,817
Residential Mortgage Backed Securities [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 4,369,564 6,294,102
Residential Mortgage Backed Securities [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 207,283 212,270
Residential Mortgage Backed Securities [Member] | Repurchase Agreement [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable 14,816 18,804
Residential Mortgage Backed Securities [Member] | Repurchase Agreement [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 4,369,564 6,294,102
Residential Mortgage Backed Securities [Member] | Repurchase Agreement [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 207,283 212,270
Residential Mortgage Backed Securities [Member] | Derivative [Member]    
Pledged Assets [Line Items]    
Accrued interest receivable 3 13
Residential Mortgage Backed Securities [Member] | Derivative [Member] | Pass Through Certificate [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 0 0
Residential Mortgage Backed Securities [Member] | Derivative [Member] | Structured Finance [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 0 0
US Treasury Notes    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 36,477 29,740
US Treasury Notes | Repurchase Agreement [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value 0 0
US Treasury Notes | Derivative [Member]    
Pledged Assets [Line Items]    
Financial Instruments, Owned and Pledged as Collateral, at Fair Value $ 36,477 $ 29,740