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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 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period $ 6,441,964 $ 5,252,047 $ 5,676,430 $ 4,222,584
Purchases and originations 635,646 591,184 1,707,209 2,379,428
Draws 166,937 106,633 418,928 250,455
Changes in fair value recorded in Net gain/(loss) on residential whole loans measured at fair value through earnings (129,661) (241,093) (131,856) (623,012)
Repayments (309,214) (236,236) (836,440) (718,983)
Loan sales (2,243) 0 (3,720) (10,496)
Transfer to REO (10,007) (9,565) (37,129) (37,006)
Balance at end of period $ 6,793,422 $ 5,462,970 $ 6,793,422 $ 5,462,970