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Residential Whole Loans (Residential Whole Loans) (Details)
$ in Thousands
Sep. 30, 2021
USD ($)
loan
Dec. 31, 2020
USD ($)
loan
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans $ 3,031,966  
Allowance for Credit Losses (44,102) $ (86,833)
Total Residential Whole Loans [1],[2] $ 7,081,462 $ 5,325,401
Number of loans | loan 22,668 18,734
Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for Credit Losses $ (44,102) $ (86,833)
Total Residential Whole Loans $ 2,987,864 $ 4,108,499
Number of loans | loan 10,361 13,112
Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for Credit Losses $ 0 $ 0
Total Residential Whole Loans $ 4,093,598 $ 1,216,902
Number of loans | loan 12,307 5,622
Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans $ 5,409,497 $ 3,521,624
Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 2,456,736 3,521,624
Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 2,952,761 0
Nonperforming    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,140,837 1,216,902
Nonperforming | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Nonperforming | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,140,837 1,216,902
Non-QM loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,683,025  
Non-QM loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 2,835,572 2,357,185
Non-QM loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,683,025 2,357,185
Non-QM loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,152,547 0
Rehabilitation loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 294,622  
Rehabilitation loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 596,224 581,801
Rehabilitation loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 294,622 581,801
Rehabilitation loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 301,602 0
Single-family rental loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 368,927  
Single-family rental loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 741,062 446,374
Single-family rental loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 368,927 446,374
Single-family rental loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 372,135 0
Seasoned performing loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 110,162  
Seasoned performing loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 110,162 136,264
Seasoned performing loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 110,162 136,264
Seasoned performing loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Agency eligible investor loans | Performing    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,126,477 0
Agency eligible investor loans | Performing | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 0 0
Agency eligible investor loans | Performing | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 1,126,477 0
Purchased credit deteriorated loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 575,230 673,708
Purchased credit deteriorated loans | Carrying Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans 575,230 673,708
Purchased credit deteriorated loans | Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans $ 0 $ 0
[1] Includes approximately $2.3 billion and $1.8 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at September 30, 2021 and December 31, 2020, respectively. Such assets can be used only to settle the obligations of each respective VIE.
[2] See Note 6 for information regarding the Company’s pledged assets.