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Investments in RMBS, Summary (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
Security
Dec. 31, 2022
USD ($)
Security
Residential Mortgage-Backed Securities [Abstract]    
Carrying value $ 1,012,130 $ 931,431
RMBS [Member]    
Residential Mortgage-Backed Securities [Abstract]    
Original face value 1,097,720 1,051,613
Book value 1,004,803 960,418
Gross unrealized gains 16,166 4,227
Gross unrealized losses (8,839) (33,214)
Carrying value [1] $ 1,012,130 $ 931,431
Number of securities | Security 80 83
Weighted average coupon 4.64% 4.23%
Weighted average yield [2] 4.77% 4.29%
Weighted average maturity 28 years 29 years
Fannie Mae [Member] | Fair Value through OCI [Member]    
Residential Mortgage-Backed Securities [Abstract]    
Original face value $ 211,773 $ 550,740
Book value 187,746 497,038
Gross unrealized gains 2,970 2,843
Gross unrealized losses (1,607) (16,484)
Carrying value [1],[3] $ 189,109 $ 483,397
Number of securities | Security 15 45
Weighted average coupon 4.55% 4.27%
Weighted average yield [2] 4.70% 4.34%
Weighted average maturity 28 years 29 years
Fannie Mae [Member] | Fair Value through Earnings [Member]    
Residential Mortgage-Backed Securities [Abstract]    
Original face value $ 221,965  
Book value 208,487  
Gross unrealized gains 4,606  
Gross unrealized losses (1,076)  
Carrying value [1],[3] $ 212,017  
Number of securities | Security 17  
Weighted average coupon 4.78%  
Weighted average yield [2] 4.94%  
Weighted average maturity 28 years  
Freddie Mac [Member] | Fair Value through OCI [Member]    
Residential Mortgage-Backed Securities [Abstract]    
Original face value $ 262,695 $ 500,873
Book value 235,260 463,380
Gross unrealized gains 1,075 1,384
Gross unrealized losses (4,865) (16,730)
Carrying value [1],[3] $ 231,470 $ 448,034
Number of securities | Security 19 38
Weighted average coupon 4.45% 4.18%
Weighted average yield [2] 4.50% 4.24%
Weighted average maturity 28 years 29 years
Freddie Mac [Member] | Fair Value through Earnings [Member]    
Residential Mortgage-Backed Securities [Abstract]    
Original face value $ 401,287  
Book value 373,310  
Gross unrealized gains 7,515  
Gross unrealized losses (1,291)  
Carrying value [1],[3] $ 379,534  
Number of securities | Security 29  
Weighted average coupon 4.72%  
Weighted average yield [2] 4.88%  
Weighted average maturity 29 years  
[1] See Note 9 regarding the estimation of fair value, which approximates carrying value for all securities.
[2] The weighted average yield is based on the most recent gross monthly interest income, which is then annualized and divided by the book value of settled securities.
[3] The Company used an implied AAA rating for the Agency RMBS.