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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets carried at fair value    
Investment securities available for sale $ 1,290,015 $ 1,413,081
Level 3    
Assets carried at fair value    
Investments in unconsolidated entities 53,737 51,212
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Residential mortgage loans, at fair value 169,197 87,153
Investments in unconsolidated entities 45,152 42,823
Total 10,860,267 11,210,579
Liabilities carried at fair value    
Total 8,838,841 9,189,459
Fair Value, Measurements, Recurring | Interest rate swaps    
Assets carried at fair value    
Derivative assets 10,543 10,101
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 1,101,344 1,169,536
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 54,057 102,125
Fair Value, Measurements, Recurring | CMBS    
Assets carried at fair value    
Investment securities available for sale 134,614 141,420
Fair Value, Measurements, Recurring | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 9,345,360 9,657,421
Fair Value, Measurements, Recurring | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 8,838,841 9,189,459
Fair Value, Measurements, Recurring | Level 1    
Assets carried at fair value    
Residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 0 0
Liabilities carried at fair value    
Total 0 0
Fair Value, Measurements, Recurring | Level 1 | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Fair Value, Measurements, Recurring | Level 1 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 1 | CMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Fair Value, Measurements, Recurring | Level 1 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Fair Value, Measurements, Recurring | Level 2    
Assets carried at fair value    
Residential mortgage loans, at fair value 0 0
Investments in unconsolidated entities 0 0
Total 1,250,424 1,375,260
Liabilities carried at fair value    
Total 0 0
Fair Value, Measurements, Recurring | Level 2 | Interest rate swaps    
Assets carried at fair value    
Derivative assets 10,543 10,101
Fair Value, Measurements, Recurring | Level 2 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 1,101,344 1,169,536
Fair Value, Measurements, Recurring | Level 2 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 54,057 102,125
Fair Value, Measurements, Recurring | Level 2 | CMBS    
Assets carried at fair value    
Investment securities available for sale 84,480 93,498
Fair Value, Measurements, Recurring | Level 2 | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 0 0
Fair Value, Measurements, Recurring | Level 2 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations 0 0
Fair Value, Measurements, Recurring | Level 3    
Assets carried at fair value    
Residential mortgage loans, at fair value 169,197 87,153
Investments in unconsolidated entities 45,152 42,823
Total 9,609,843 9,835,319
Liabilities carried at fair value    
Total 8,838,841 9,189,459
Fair Value, Measurements, Recurring | Level 3 | Interest rate swaps    
Assets carried at fair value    
Derivative assets 0 0
Fair Value, Measurements, Recurring | Level 3 | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 3 | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale 0 0
Fair Value, Measurements, Recurring | Level 3 | CMBS    
Assets carried at fair value    
Investment securities available for sale 50,134 47,922
Fair Value, Measurements, Recurring | Level 3 | Multi-family loans held in securitization trusts    
Assets carried at fair value    
Multi-family loans held in securitization trusts 9,345,360 9,657,421
Fair Value, Measurements, Recurring | Level 3 | Multi-family collateralized debt obligations    
Liabilities carried at fair value    
Multi-family collateralized debt obligations $ 8,838,841 $ 9,189,459