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Investment in Securities (Summary of Investment in Securities) (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Securities, Available-for-sale [Line Items]    
Current Principal $ 1,802,133  
Unamortized Premium (Discount) (106,592)  
Amortized Cost 1,808,453  
Gross Unrealized Gains 38,995  
Gross Unrealized Losses (8,428)  
Investment Owned At Fair Value, Net 1,839,020  
Securities, at fair value 1,875,929  
Securities sold short, at fair value $ (36,909) $ (850,577)
Fair Value   $ 2,939,311
Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.25%  
Weighted Average Yield 4.24%  
Weighted average life 5 years 128 days  
Long    
Securities, Available-for-sale [Line Items]    
Current Principal $ 1,838,327  
Unamortized Premium (Discount) (106,399)  
Amortized Cost 1,844,840  
Gross Unrealized Gains 38,994  
Gross Unrealized Losses (7,905)  
Securities, at fair value $ 1,875,929  
Long | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.20%  
Weighted Average Yield 4.29%  
Weighted average life 5 years 124 days  
Long | 15-year fixed-rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 176,990  
Unamortized Premium (Discount) 3,542  
Amortized Cost 180,532  
Gross Unrealized Gains 1,710  
Gross Unrealized Losses (250)  
Securities, at fair value $ 181,992  
Long | 15-year fixed-rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.09%  
Weighted Average Yield 2.41%  
Weighted average life 3 years 99 days  
Long | 20-year fixed-rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 820  
Unamortized Premium (Discount) 53  
Amortized Cost 873  
Gross Unrealized Gains 8  
Gross Unrealized Losses 0  
Securities, at fair value $ 881  
Long | 20-year fixed-rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.54%  
Weighted Average Yield 3.00%  
Weighted average life 4 years 274 days  
Long | 30-year fixed-rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 1,132,923  
Unamortized Premium (Discount) 55,885  
Amortized Cost 1,188,808  
Gross Unrealized Gains 13,225  
Gross Unrealized Losses (2,593)  
Securities, at fair value $ 1,199,440  
Long | 30-year fixed-rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.24%  
Weighted Average Yield 3.13%  
Weighted average life 5 years 234 days  
Long | Adjustable rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 10,772  
Unamortized Premium (Discount) 387  
Amortized Cost 11,159  
Gross Unrealized Gains 83  
Gross Unrealized Losses (62)  
Securities, at fair value $ 11,180  
Long | Adjustable rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.98%  
Weighted Average Yield 2.26%  
Weighted average life 2 years 204 days  
Long | Reverse mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 123,557  
Unamortized Premium (Discount) 8,606  
Amortized Cost 132,163  
Gross Unrealized Gains 2,325  
Gross Unrealized Losses (22)  
Securities, at fair value $ 134,466  
Long | Reverse mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.45%  
Weighted Average Yield 2.86%  
Weighted average life 6 years 307 days  
Long | Interest only securities    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 35,775  
Gross Unrealized Gains 1,920  
Gross Unrealized Losses (647)  
Securities, at fair value $ 37,048  
Long | Interest only securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 2.40%  
Weighted Average Yield 9.03%  
Weighted average life 3 years 183 days  
Long | Non-Agency RMBS    
Securities, Available-for-sale [Line Items]    
Current Principal $ 250,196  
Unamortized Premium (Discount) (106,851)  
Amortized Cost 143,345  
Gross Unrealized Gains 12,937  
Gross Unrealized Losses (2,668)  
Securities, at fair value $ 153,614  
Long | Non-Agency RMBS | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.63%  
Weighted Average Yield 6.66%  
Weighted average life 5 years 95 days  
Long | CMBS    
Securities, Available-for-sale [Line Items]    
Current Principal $ 71,217  
Unamortized Premium (Discount) (38,214)  
Amortized Cost 33,003  
Gross Unrealized Gains 3,115  
Gross Unrealized Losses (26)  
Securities, at fair value $ 36,092  
Long | CMBS | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.44%  
Weighted Average Yield 9.38%  
Weighted average life 8 years 241 days  
Long | Non-Agency IOs    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 5,146  
Gross Unrealized Gains 1,936  
Gross Unrealized Losses 0  
Securities, at fair value $ 7,082  
Long | Non-Agency IOs | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 0.98%  
Weighted Average Yield 20.49%  
Weighted average life 3 years 150 days  
Long | CLOs    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 68,187  
Gross Unrealized Gains 569  
Gross Unrealized Losses (1,356)  
Securities, at fair value $ 67,400  
Long | CLOs | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.23%  
Weighted Average Yield 15.56%  
Weighted average life 5 years 212 days  
Long | Asset-backed securities, backed by consumer loans    
Securities, Available-for-sale [Line Items]    
Current Principal $ 47,785  
Unamortized Premium (Discount) (8,817)  
Amortized Cost 38,968  
Gross Unrealized Gains 628  
Gross Unrealized Losses (280)  
Securities, at fair value $ 39,316  
Long | Asset-backed securities, backed by consumer loans | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 14.86%  
Weighted Average Yield 14.43%  
Weighted average life 1 year 69 days  
Long | Corporate debt securities    
Securities, Available-for-sale [Line Items]    
Current Principal $ 24,067  
Unamortized Premium (Discount) (20,990)  
Amortized Cost 3,077  
Gross Unrealized Gains 106  
Gross Unrealized Losses (1)  
Securities, at fair value $ 3,182  
Long | Corporate debt securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 0.00%  
Weighted Average Yield 11.06%  
Weighted average life 1 year 124 days  
Long | Corporate equity securities    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 3,804  
Securities, at fair value 4,236  
Corporate equity, gross unrealized gains 432  
Corporate equity, gross unrealized losses 0  
Short    
Securities, Available-for-sale [Line Items]    
Current Principal (36,194)  
Unamortized Premium (Discount) (193)  
Investment Sold, Not yet Purchased, Sale Proceeds (36,387)  
Gross Unrealized Gains 1  
Gross Unrealized Losses (523)  
Securities sold short, at fair value $ (36,909)  
Short | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 1.72%  
Weighted Average Yield 1.54%  
Weighted average life 4 years 223 days  
Short | Corporate debt securities    
Securities, Available-for-sale [Line Items]    
Current Principal $ (450)  
Unamortized Premium (Discount) (6)  
Investment Sold, Not yet Purchased, Sale Proceeds (456)  
Gross Unrealized Gains 1  
Gross Unrealized Losses (18)  
Securities sold short, at fair value $ (473)  
Short | Corporate debt securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 5.46%  
Weighted Average Yield 5.21%  
Weighted average life 5 years 62 days  
Short | U.S. Treasury securities    
Securities, Available-for-sale [Line Items]    
Current Principal $ (26,260)  
Unamortized Premium (Discount) (29)  
Investment Sold, Not yet Purchased, Sale Proceeds (26,289)  
Gross Unrealized Gains 0  
Gross Unrealized Losses (441)  
Securities sold short, at fair value $ (26,730)  
Short | U.S. Treasury securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 2.00%  
Weighted Average Yield 2.00%  
Weighted average life 5 years 223 days  
Short | European sovereign bonds    
Securities, Available-for-sale [Line Items]    
Current Principal $ (9,484)  
Unamortized Premium (Discount) (158)  
Investment Sold, Not yet Purchased, Sale Proceeds (9,642)  
Gross Unrealized Gains 0  
Gross Unrealized Losses (64)  
Securities sold short, at fair value $ (9,706)  
Short | European sovereign bonds | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 0.75%  
Weighted Average Yield 0.12%  
Weighted average life 1 year 303 days