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Use of Special Purpose Entities and Variable Interest Entities (Narrative) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Variable Interest Entity [Line Items]        
Residential whole loans, carrying value [1] $ 4,493,805 $ 4,493,805   $ 6,069,370
Residential whole loans, at fair value [1] 1,229,664 1,229,664   1,381,583
Residential whole loans, net 4,387,559 4,387,559   6,066,345
Total residential whole loans 5,600,000 5,600,000   7,400,000
Asset-backed Securities, Securitized Loans and Receivables        
Variable Interest Entity [Line Items]        
Proceeds from issuance of debt   1,193,969 $ 802,815  
Residential whole loans, carrying value 568,600 568,600   186,400
Residential whole loans, at fair value 521,200 521,200   567,400
Securitized debt 837,700 837,700   571,000
Asset-backed Securities, Securitized Loans and Receivables | Other Assets        
Variable Interest Entity [Line Items]        
Real estate owned at fair value 80,300 80,300   $ 137,800
Senior Bonds        
Variable Interest Entity [Line Items]        
Proceeds from issuance of debt 372,800 399,800    
Proceed from debt net of offering expenses and underwriting discount $ 372,800 $ 391,200    
[1] Includes approximately $568.6 million and $186.4 million of Residential whole loans, at carrying value and $521.2 million and $567.4 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at September 30, 2020 and December 31, 2019, respectively. Such assets can be used only to settle the obligations of each respective VIE.