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Residential Whole Loans - LTV on Loans (Details) - Residential whole loan
$ in Thousands
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB $ 9,346,212  
Business purpose loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 3,766,387 $ 4,098,044
Business purpose loans | Single-family transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 1,158,413 1,197,346
Business purpose loans | Multifamily transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 1,102,732 1,170,775
Business purpose loans | Single-family rental loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 1,505,242 1,729,923
Non-QM loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 4,264,091 3,934,798
Legacy RPL/NPL loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 1,250,859 1,355,280
Other loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
UPB 64,875 66,830
Financial Asset, Equal to or Greater than 60 Days Past Due    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value 561,201 572,799
UPB 626,349 621,641
Financial Asset, Equal to or Greater than 60 Days Past Due | Business purpose loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value 166,614 179,431
UPB 208,342 200,506
Financial Asset, Equal to or Greater than 60 Days Past Due | Business purpose loans | Single-family transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value 89,616 93,960
UPB $ 95,648 $ 99,341
LTV (as a percent) 0.84 0.66
Financial Asset, Equal to or Greater than 60 Days Past Due | Business purpose loans | Multifamily transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value $ 36,664 $ 19,812
UPB $ 60,732 $ 20,595
LTV (as a percent) 0.79 0.63
Financial Asset, Equal to or Greater than 60 Days Past Due | Business purpose loans | Single-family rental loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value $ 40,334 $ 65,659
UPB $ 51,962 $ 80,570
LTV (as a percent) 1.03 1.09
Financial Asset, Equal to or Greater than 60 Days Past Due | Non-QM loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value $ 145,875 $ 102,252
UPB $ 149,891 $ 104,454
LTV (as a percent) 0.65 0.64
Financial Asset, Equal to or Greater than 60 Days Past Due | Legacy RPL/NPL loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value $ 248,712 $ 290,928
UPB $ 268,116 $ 316,453
LTV (as a percent) 0.63 0.69
Financial Asset, Equal to or Greater than 60 Days Past Due | Other loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value / Fair Value $ 0 $ 188
UPB $ 0 $ 228
LTV (as a percent) 0 0.73