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Valuation (Significant Unobservable Inputs Rollforward) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Transfers into Level 3       $ 3,100
Assets, Transfers out of Level 3       (51,600)
Other secured borrowings, at fair value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gains (losses), liabilities $ (17)   $ 40  
Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets 5,700   6,100  
Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets 3,800   6,000  
Investment in unconsolidated entities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets 2,000   (200)  
Financial Derivatives - Assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets (56)   (300)  
Level 3        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,233,319 $ 758,723 1,094,815 661,588
Assets, Accreted Discounts/Amortized Premiums (8,631) (9,827) (19,524) (14,251)
Assets, Realized Gain (Loss) (258) 3,216 (2,591) 7,944
Assets, Change In Net Unrealized Gain/(Loss) 8,221 1,848 12,231 11,688
Assets, Purchases 200,759 223,767 496,611 386,854
Assets, Sales (110,689) (112,690) 274,911 (202,131)
Assets, Transfers into Level 3 15,320 3,073 24,384 9,301
Assets, Transfers out of Level 3 13,450 (51,604) 6,424 (44,487)
Assets, Ending Balance 1,324,591 816,506 1,324,591 816,506
Liabilities, Begining Balance 282,124 (113,775) (297,948) (125,105)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 0 0 0 0
Liabilities, Change In Net Unrealized Gain/(Loss) (17) 414 40 1,198
Liabilities Purchases/Payments 25,861 12,261 41,628 22,807
Liabilities, Sales/Issuance (219,536) 0 (219,536) 0
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance (475,816) (101,100) (475,816) (101,100)
Level 3 | Other secured borrowings, at fair value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance 282,124 (113,775) (297,948) (125,105)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 0 0 0 0
Liabilities, Change In Net Unrealized Gain/(Loss) (17) 414 40 1,198
Liabilities, Payments 25,861 12,261 41,628 22,807
Liabilities, Issuances (219,536) 0 (219,536) 0
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance (475,816) (101,100) (475,816) (101,100)
Change in unrealized gains (losses), liabilities   400   1,200
Level 3 | Securities | Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 6,389   7,293  
Assets, Accreted Discounts/Amortized Premiums (676)   (1,449)  
Assets, Realized Gain (Loss) (450)   (1,075)  
Assets, Change In Net Unrealized Gain/(Loss) 349   642  
Assets, Purchases 1,594   1,600  
Assets, Sales (236)   236  
Assets, Transfers into Level 3 4,889   5,596  
Assets, Transfers out of Level 3 825   1,337  
Assets, Ending Balance 11,034   11,034  
Level 3 | Securities | Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 94,670   91,291  
Assets, Accreted Discounts/Amortized Premiums 108   195  
Assets, Realized Gain (Loss) (384)   (650)  
Assets, Change In Net Unrealized Gain/(Loss) 2,909   2,358  
Assets, Purchases 2,050   17,595  
Assets, Sales (3,294)   20,220  
Assets, Transfers into Level 3 6,366   11,308  
Assets, Transfers out of Level 3 5,635   5,087  
Assets, Ending Balance 96,790   96,790  
Level 3 | Securities | CMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 5,137   803  
Assets, Accreted Discounts/Amortized Premiums 25   (23)  
Assets, Realized Gain (Loss) 50   0  
Assets, Change In Net Unrealized Gain/(Loss) 363   (7)  
Assets, Purchases 0   0  
Assets, Sales (374)   0  
Assets, Transfers into Level 3 1,077   5,505  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 6,278   6,278  
Level 3 | Securities | CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 21,438   14,915  
Assets, Accreted Discounts/Amortized Premiums 165   (483)  
Assets, Realized Gain (Loss) (1,151)   (1,676)  
Assets, Change In Net Unrealized Gain/(Loss) 772   1,660  
Assets, Purchases 0   831  
Assets, Sales 0   0  
Assets, Transfers into Level 3 2,988   1,975  
Assets, Transfers out of Level 3 6,990   0  
Assets, Ending Balance 17,222   17,222  
Level 3 | Securities | Asset-backed securities, backed by consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 24,108   22,800  
Assets, Accreted Discounts/Amortized Premiums (360)   (969)  
Assets, Realized Gain (Loss) (152)   (665)  
Assets, Change In Net Unrealized Gain/(Loss) 95   857  
Assets, Purchases 4,610   9,551  
Assets, Sales (3,282)   6,555  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 25,019   25,019  
Level 3 | Securities | Corporate debt securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 5,737   6,318  
Assets, Accreted Discounts/Amortized Premiums 6   22  
Assets, Realized Gain (Loss) (345)   (345)  
Assets, Change In Net Unrealized Gain/(Loss) (1)   (78)  
Assets, Purchases 2,449   2,832  
Assets, Sales (3,765)   4,668  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 4,081   4,081  
Level 3 | Securities | Corporate equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,469   1,534  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) (142)   (142)  
Assets, Change In Net Unrealized Gain/(Loss) 464   399  
Assets, Purchases 0   0  
Assets, Sales 0   0  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 1,791   1,791  
Level 3 | Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   755,654   658,448
Assets, Accreted Discounts/Amortized Premiums   (9,827)   (14,251)
Assets, Realized Gain (Loss)   3,055   7,697
Assets, Change In Net Unrealized Gain/(Loss)   2,326   12,237
Assets, Purchases   223,745   386,809
Assets, Sales   (112,507)   (201,839)
Assets, Transfers into Level 3   3,073   9,301
Assets, Transfers out of Level 3   (51,604)   (44,487)
Assets, Ending Balance   813,915   813,915
Change in unrealized gain (loss), assets   1,600   10,500
Level 3 | Investments | Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   6,128   6,173
Assets, Accreted Discounts/Amortized Premiums   (547)   (1,172)
Assets, Realized Gain (Loss)   18   57
Assets, Change In Net Unrealized Gain/(Loss)   (41)   229
Assets, Purchases   1,533   2,635
Assets, Sales   (569)   (957)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   (633)   (1,076)
Assets, Ending Balance   5,889   5,889
Level 3 | Investments | Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   111,862   101,297
Assets, Accreted Discounts/Amortized Premiums   (1,889)   156
Assets, Realized Gain (Loss)   211   2,719
Assets, Change In Net Unrealized Gain/(Loss)   (1,845)   (986)
Assets, Purchases   13,596   24,623
Assets, Sales   (10,999)   (29,439)
Assets, Transfers into Level 3   3,073   9,301
Assets, Transfers out of Level 3   (17,613)   (11,275)
Assets, Ending Balance   96,396   96,396
Level 3 | Investments | CMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   13,709   12,347
Assets, Accreted Discounts/Amortized Premiums   28   (163)
Assets, Realized Gain (Loss)   (104)   1,618
Assets, Change In Net Unrealized Gain/(Loss)   784   1,043
Assets, Purchases   0   8,046
Assets, Sales   (4,194)   (13,890)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   (1,462)   (240)
Assets, Ending Balance   8,761   8,761
Level 3 | Investments | CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   27,479   24,911
Assets, Accreted Discounts/Amortized Premiums   (377)   78
Assets, Realized Gain (Loss)   2   3
Assets, Change In Net Unrealized Gain/(Loss)   300   527
Assets, Purchases   11,442   21,537
Assets, Sales   (7,889)   (16,099)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   (24,848)   (24,848)
Assets, Ending Balance   6,109   6,109
Level 3 | Investments | Corporate debt securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   18,000   23,947
Assets, Accreted Discounts/Amortized Premiums   59   (56)
Assets, Realized Gain (Loss)   96   148
Assets, Change In Net Unrealized Gain/(Loss)   (761)   (396)
Assets, Purchases   448   905
Assets, Sales   (1,944)   (8,650)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   (7,048)   (7,048)
Assets, Ending Balance   8,850   8,850
Level 3 | Investments | Secured notes        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   0   0
Assets, Accreted Discounts/Amortized Premiums   92   92
Assets, Realized Gain (Loss)   0   0
Assets, Change In Net Unrealized Gain/(Loss)   (234)   (234)
Assets, Purchases   11,268   11,268
Assets, Sales   0   0
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   11,126   11,126
Level 3 | Investments | Corporate equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   50,869   37,465
Assets, Accreted Discounts/Amortized Premiums   0   0
Assets, Realized Gain (Loss)   1,182   1,182
Assets, Change In Net Unrealized Gain/(Loss)   (1)   4,325
Assets, Purchases   0   9,078
Assets, Sales   (7,282)   (7,282)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   44,768   44,768
Level 3 | Investments | Residential mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   240,781   182,472
Assets, Accreted Discounts/Amortized Premiums   (464)   (1,179)
Assets, Realized Gain (Loss)   637   583
Assets, Change In Net Unrealized Gain/(Loss)   (267)   (920)
Assets, Purchases   76,785   149,825
Assets, Sales   (24,000)   (37,309)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   293,472   293,472
Level 3 | Investments | Commercial mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   109,294   108,301
Assets, Accreted Discounts/Amortized Premiums   226   844
Assets, Realized Gain (Loss)   553   884
Assets, Change In Net Unrealized Gain/(Loss)   610   449
Assets, Purchases   20,132   24,119
Assets, Sales   (25,864)   (29,646)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   104,951   104,951
Level 3 | Investments | Consumer loans and asset-backed securities backed by consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   148,422   135,258
Assets, Accreted Discounts/Amortized Premiums   (6,955)   (12,851)
Assets, Realized Gain (Loss)   450   950
Assets, Change In Net Unrealized Gain/(Loss)   3,782   7,585
Assets, Purchases   83,069   125,203
Assets, Sales   (29,514)   (56,891)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   199,254   199,254
Level 3 | Investments | Real estate owned        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   29,110   26,277
Assets, Accreted Discounts/Amortized Premiums   0   0
Assets, Realized Gain (Loss)   10   (447)
Assets, Change In Net Unrealized Gain/(Loss)   (1)   615
Assets, Purchases   5,472   9,570
Assets, Sales   (252)   (1,676)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   34,339   34,339
Level 3 | Loans | Residential mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 583,252   496,829  
Assets, Accreted Discounts/Amortized Premiums (1,347)   (2,274)  
Assets, Realized Gain (Loss) 2,089   1,954  
Assets, Change In Net Unrealized Gain/(Loss) 2,257   4,158  
Assets, Purchases 103,844   261,446  
Assets, Sales (26,215)   98,233  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 663,880   663,880  
Level 3 | Loans | Commercial mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 239,623   195,301  
Assets, Accreted Discounts/Amortized Premiums 834   1,139  
Assets, Realized Gain (Loss) 1,413   1,414  
Assets, Change In Net Unrealized Gain/(Loss) (2,018)   (2,352)  
Assets, Purchases 47,555   96,412  
Assets, Sales (27,373)   31,880  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 260,034   260,034  
Level 3 | Loans | Consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 192,115   183,961  
Assets, Accreted Discounts/Amortized Premiums (7,386)   (15,958)  
Assets, Realized Gain (Loss) (1,455)   (3,510)  
Assets, Change In Net Unrealized Gain/(Loss) 857   2,699  
Assets, Purchases 16,626   70,882  
Assets, Sales (38,148)   75,465  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 162,609   162,609  
Level 3 | Loans | Corporate loan [Member]        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 0   0  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) 0   0  
Assets, Change In Net Unrealized Gain/(Loss) 0   0  
Assets, Purchases 5,000   5,000  
Assets, Sales 0   0  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 5,000   5,000  
Level 3 | Investment in unconsolidated entities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 58,148   72,298  
Assets, Accreted Discounts/Amortized Premiums 0   276  
Assets, Realized Gain (Loss) 124   1,684  
Assets, Change In Net Unrealized Gain/(Loss) 2,230   2,190  
Assets, Purchases 17,026   30,454  
Assets, Sales (7,852)   37,226  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 69,676   69,676  
Level 3 | Financial Derivatives - Assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   3,069   3,140
Assets, Accreted Discounts/Amortized Premiums   0   0
Assets, Realized Gain (Loss)   161   247
Assets, Change In Net Unrealized Gain/(Loss)   (478)   (549)
Assets, Purchases   22   45
Assets, Sales   (183)   (292)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   2,591   2,591
Change in unrealized gain (loss), assets   (500)   (500)
Level 3 | Financial Derivatives - Assets | Total return swaps        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 0   0  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) 17   17  
Assets, Change In Net Unrealized Gain/(Loss) 87   87  
Assets, Purchases 0   0  
Assets, Sales (17)   17  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 87   87  
Level 3 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,233 3,069 1,472 3,140
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) 128 161 403 247
Assets, Change In Net Unrealized Gain/(Loss) (143) (478) (382) (549)
Assets, Purchases 5 22 8 45
Assets, Sales (133) (183) 411 (292)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance $ 1,090 $ 2,591 $ 1,090 $ 2,591