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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period $ 6,013,378 $ 4,956,772 $ 5,676,430 $ 4,222,584
Purchases and originations 734,748 674,202 1,071,563 1,788,245
Draws 132,914 82,482 251,991 143,822
Changes in fair value recorded in Net gain/(loss) on residential whole loans measured at fair value through earnings (129,797) (158,507) (2,193) (381,919)
Repayments (293,792) (280,662) (527,226) (482,747)
Loan sales (900) (8,949) (1,477) (10,496)
Transfer to REO (14,586) (13,290) (27,123) (27,441)
Balance at end of period $ 6,441,965 5,252,048 $ 6,441,965 5,252,048
Unsettled residential whole loans   $ 28,900   $ 28,900