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Fair Value of Financial Instruments - Valuation for Level 3 Liabilities (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Feb. 28, 2015
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance at beginning of period   $ 6,818,901 $ 6,624,896 $ 6,818,901 $ 8,048,053
Total losses (realized/unrealized)          
Included in earnings     (82,650) (57,687) (133,245)
Purchases/(Sales)     2,784,377 0 (1,009,942)
Paydowns     (137,164) (136,318) (85,965)
Balance at the end of period     9,189,459 6,624,896 6,818,901
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Liabilities of consolidated VIEs     9,436,421 6,902,536  
Consolidated K-Series          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Liabilities of consolidated VIEs     2,800,000    
PO Security          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Proceeds from sale of investments $ 44,300        
Gain on sale of investments 1,500        
Multi-family loans held in securitization trusts          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Deconsolidation 1,100,000 $ 0 0   1,075,529
Multi-family collateralized debt obligations, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Deconsolidation $ 1,000,000   $ 0 $ 0 $ 1,009,942