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Investment Securities - Schedule of Investments in RMBS and CMBS at Fair Value (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value $ 235,024 $ 300,243
Securities Sold Under Agreements to Repurchase (54,041) (50,555)
Due to broker 153,819 201,994
Mezzanine    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (2,394) (5,440)
Subordinate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (12,354) (19,829)
Interest Only/Excess    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Retained RMBS in VIEs | VIE - Primary Beneficiary    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (39,293) (25,286)
Retained RMBS in VIEs | VIE - Primary Beneficiary | Eliminations    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 178,300 163,900
Total AOMT RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (54,041) (50,555)
Fannie Mae    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Freddie Mac    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Total Whole Pool Agency RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Total RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (54,041) (50,555)
Mezzanine    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 13,246 12,735
Allocated Capital 10,852 7,295
Subordinate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 56,382 73,548
Allocated Capital 44,028 53,719
Interest Only/Excess    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 10,258 12,508
Allocated Capital 10,258 12,508
Retained RMBS in VIEs | VIE - Primary Beneficiary    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 0 0
Allocated Capital (39,293) (25,286)
Total AOMT RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 79,886 98,791
Allocated Capital 25,845 48,236
Fannie Mae    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 126,970 161,878
Allocated Capital 126,970 161,878
Freddie Mac    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 28,168 39,574
Allocated Capital 28,168 39,574
Total Whole Pool Agency RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 155,138 201,452
Allocated Capital 155,138 201,452
Total RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 235,024 300,243
Allocated Capital $ 180,983 $ 249,688