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Secured Financing Agreements - Schedule of Secured Financing Agreements (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: $ 2,384,678 $ 2,432,115
Repurchase Agreements    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 2,403,678 2,444,091
Average balance of Secured financing agreements secured by: 2,421,953 2,836,314
Repurchase Agreements | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements: 3,553,582 3,539,416
Repurchase Agreements | Agency RMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Average balance of Secured financing agreements secured by: 0 1,551
Repurchase Agreements | Agency CMBS    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 36,434 68,502
Average balance of Secured financing agreements secured by: $ 44,632 $ 139,746
Average borrowing rate of Secured financing agreements secured by: 5.47% 5.60%
Average remaining maturity of Secured financing agreements secured by: 34 days 32 days
Average original maturity of Secured financing agreements secured by: 45 days 86 days
Repurchase Agreements | Agency CMBS | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements: $ 38,644 $ 74,345
Repurchase Agreements | Non-agency MBS and Loans held for investment    
Assets Sold under Agreements to Repurchase [Line Items]    
Secured financing agreements outstanding principal secured by: 2,367,244 2,375,589
Average balance of Secured financing agreements secured by: $ 2,377,321 $ 2,695,017
Average borrowing rate of Secured financing agreements secured by: 7.51% 7.56%
Average remaining maturity of Secured financing agreements secured by: 378 days 418 days
Average original maturity of Secured financing agreements secured by: 401 days 445 days
Repurchase Agreements | Non-agency MBS and Loans held for investment | Asset Pledged as Collateral    
Assets Sold under Agreements to Repurchase [Line Items]    
MBS pledged as collateral at fair value on Secured financing agreements: $ 3,514,938 $ 3,465,071