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Secured Financing Agreements - Schedule of Secured Financing Agreements (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding secured by: $ 3,800,000 $ 4,600,000
Debt issuance costs, net 3,000 8,000
Repurchase Agreements    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding secured by: 3,788,336 4,636,847
MBS pledged as collateral at fair value on Repurchase agreements: 5,018,442 6,696,214
Average balance of Secured financing agreements secured by: 4,110,855 7,316,345
Repurchase Agreements | Agency RMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding secured by: 24,700 69,180
MBS pledged as collateral at fair value on Repurchase agreements: 26,618 86,160
Average balance of Secured financing agreements secured by: $ 54,242 $ 1,407,713
Average borrowing rate of Secured financing agreements secured by: 0.67% 0.90%
Average remaining maturity of Secured financing agreements secured by: 4 days 12 days
Average original maturity of Secured financing agreements secured by: 32 days 14 days
Repurchase Agreements | Agency CMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding secured by: $ 795,873 $ 1,333,799
MBS pledged as collateral at fair value on Repurchase agreements: 835,984 1,382,783
Average balance of Secured financing agreements secured by: $ 1,040,018 $ 1,818,721
Average borrowing rate of Secured financing agreements secured by: 0.16% 0.21%
Average remaining maturity of Secured financing agreements secured by: 13 days 11 days
Average original maturity of Secured financing agreements secured by: 30 days 30 days
Repurchase Agreements | Non-agency MBS and Loans held for investment    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding secured by: $ 2,967,763 $ 3,233,868
MBS pledged as collateral at fair value on Repurchase agreements: 4,155,840 5,227,271
Average balance of Secured financing agreements secured by: $ 3,016,595 $ 4,089,911
Average borrowing rate of Secured financing agreements secured by: 2.76% 4.78%
Average remaining maturity of Secured financing agreements secured by: 316 days 458 days
Average original maturity of Secured financing agreements secured by: 333 days 492 days