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Investments in RMBS, Unrealized Loss Positions (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
Security
Dec. 31, 2022
USD ($)
Security
RMBS, Unrealized Loss Positions [Abstract]    
Carrying value $ 1,012,130 $ 931,431
RMBS [Member]    
RMBS, Unrealized Loss Positions [Abstract]    
Original face value 1,097,720 1,051,613
Book value 1,004,803 960,418
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
RMBS [Member] | Unrealized Loss Positions [Member]    
RMBS, Unrealized Loss Positions [Abstract]    
Original face value $ 290,139 $ 848,768
Book value 257,666 767,412
Gross unrealized losses (6,472) (33,214)
Carrying value [1] $ 251,194 $ 734,198
Number of securities | Security 20 67
Weighted average coupon 4.14% 4.06%
Weighted average yield [2] 4.21% 4.10%
Weighted average maturity 28 years 29 years
RMBS [Member] | Less than Twelve Months [Member] | Unrealized Loss Positions [Member]    
RMBS, Unrealized Loss Positions [Abstract]    
Original face value $ 126,949 $ 848,768
Book value 109,425 767,412
Gross unrealized losses (813) (33,214)
Carrying value [1],[3] $ 108,612 $ 734,198
Number of securities | Security 8 67
Weighted average coupon 4.23% 4.06%
Weighted average yield [2] 4.35% 4.10%
Weighted average maturity 28 years 29 years
RMBS [Member] | Twelve or More Months [Member] | Unrealized Loss Positions [Member]    
RMBS, Unrealized Loss Positions [Abstract]    
Original face value $ 163,190  
Book value 148,241  
Gross unrealized losses (5,659)  
Carrying value [1],[3] $ 142,582  
Number of securities | Security 12  
Weighted average coupon 4.08%  
Weighted average yield [2] 4.10%  
Weighted average maturity 28 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.