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Fair Value of Financial Instruments - Level 3 Assets (Details) - Recurring basis - Level 3 - Residential whole loans, at fair value - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period $ 4,956,772 $ 1,207,997 $ 4,222,584 $ 1,216,902
Purchases and originations 674,202 837,859 1,788,245 837,859
Draws 82,482 423 143,822 423
Changes in fair value recorded in Net gain on residential whole loans measured at fair value through earnings (158,507) 6,226 (381,919) 38,313
Repayments (280,662) (38,932) (482,747) (64,502)
Sales and repurchases (8,949) 430 (10,496) 430
Transfer to REO (13,290) (10,423) (27,441) (25,845)
Balance at end of period 5,252,048 2,003,580 5,252,048 2,003,580
Unsettled residential whole loans $ 28,900 $ 131,300 $ 28,900 $ 131,300