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Use of Special Purpose Entities and Variable Interest Entities (Narrative) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Variable Interest Entity [Line Items]        
Residential whole loans, carrying value [1] $ 4,813,119 $ 4,813,119   $ 6,069,370
Residential whole loans, at fair value [1] 1,200,981 1,200,981   1,381,583
Residential whole loans, net 4,676,530 4,676,530   6,066,345
Total residential whole loans 5,900,000 5,900,000   7,400,000
Asset-backed Securities, Securitized Loans and Receivables        
Variable Interest Entity [Line Items]        
Debt instrument, face amount 27,000 27,000    
Proceeds from issuance of debt 18,400 821,175 $ 802,815  
Residential whole loans, carrying value 181,400 181,400   186,400
Residential whole loans, at fair value 506,700 506,700   567,400
Securitized debt 516,100 516,100   571,000
Asset-backed Securities, Securitized Loans and Receivables | Other Assets        
Variable Interest Entity [Line Items]        
Real estate owned at fair value 98,700 98,700   137,800
Senior Bonds | Asset-backed Securities, Securitized Loans and Receivables        
Variable Interest Entity [Line Items]        
Debt instrument, face amount $ 829,817 $ 829,817   $ 802,817
[1]
Includes approximately $181.4 million and $186.4 million of Residential whole loans, at carrying value and $506.7 million and $567.4 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at June 30, 2020 and December 31, 2019, respectively. Such assets can be used only to settle the obligations of each respective VIE.