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Securities, at Fair Value - Composition of Agency MBS Portfolio (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]    
Fair  Value [1] $ 746,090 $ 333,364
5.00% Coupon    
Debt Securities, Available-for-sale [Line Items]    
Coupon rate (in percent) 5.00%  
Current Face $ 76,360  
Weighted Average Purchase Price (in percent) 100.20%  
Weighted Average Market Price (in percent) 99.10%  
Fair  Value $ 75,650  
Weighted Average Loan Age (Months) 9 months  
CPR (in percent) 2.40%  
5.50% Coupon    
Debt Securities, Available-for-sale [Line Items]    
Coupon rate (in percent) 5.50%  
Current Face $ 277,885  
Weighted Average Purchase Price (in percent) 100.40%  
Weighted Average Market Price (in percent) 100.70%  
Fair  Value $ 279,851  
Weighted Average Loan Age (Months) 11 months  
CPR (in percent) 5.20%  
6.00% Coupon    
Debt Securities, Available-for-sale [Line Items]    
Coupon rate (in percent) 6.00%  
Current Face $ 177,842  
Weighted Average Purchase Price (in percent) 100.00%  
Weighted Average Market Price (in percent) 101.70%  
Fair  Value $ 180,841  
Weighted Average Loan Age (Months) 7 months  
CPR (in percent) 4.20%  
6.50% Coupon    
Debt Securities, Available-for-sale [Line Items]    
Coupon rate (in percent) 650.00%  
Current Face $ 22,213  
Weighted Average Purchase Price (in percent) 100.10%  
Weighted Average Market Price (in percent) 102.70%  
Fair  Value $ 22,802  
Weighted Average Loan Age (Months) 4 months  
CPR (in percent) 1.40%  
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Current Face $ 554,300 131,165
Weighted Average Purchase Price (in percent) 100.30%  
Weighted Average Market Price (in percent) 100.90%  
Fair  Value $ 559,144 $ 131,700
Weighted Average Loan Age (Months) 9 months  
CPR (in percent) 4.30%  
[1] See Note 6 for information regarding the Company’s pledged assets.