XML 59 R49.htm IDEA: XBRL DOCUMENT v3.22.2
Valuation (Schedule of Significant Unobservable Inputs, Qualitative Information) (Details) - Level 3
6 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Non-Agency RMBS    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 131,449,000 $ 134,888,000
Fair Value of Level 3 Assets, Negative Yield $ 300,000 $ 2,100,000
Non-Agency RMBS | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair Value Inputs, Yield Including Negative 10.10% 6.50%
Non-Agency RMBS | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0 0
Non-Agency RMBS | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 1.002 0.386
Non-Agency RMBS | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.102 0.068
Non-Agency RMBS | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0 0
Non-Agency RMBS | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.704 0.744
Non-Agency RMBS | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.332 0.391
Non-Agency RMBS | Measurement Input, Default Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0 0
Non-Agency RMBS | Measurement Input, Default Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.931 0.829
Non-Agency RMBS | Measurement Input, Default Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.246 0.225
Non-Agency RMBS | Measurement Input, Projected Collateral Recoveries | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0 0
Non-Agency RMBS | Measurement Input, Projected Collateral Recoveries | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.753 0.915
Non-Agency RMBS | Measurement Input, Projected Collateral Recoveries | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.204 0.175
CMBS    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 9,380,000 $ 13,134,000
CMBS | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.103 0.076
CMBS | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.240 0.263
CMBS | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.134 0.103
CMBS | Measurement Input, Default Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.009 0
CMBS | Measurement Input, Default Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.298 0.065
CMBS | Measurement Input, Default Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.046 0.023
CMBS | Measurement Input, Projected Collateral Recoveries | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.702 0.100
CMBS | Measurement Input, Projected Collateral Recoveries | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.967 1.000
CMBS | Measurement Input, Projected Collateral Recoveries | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.935 0.950
CLOs    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 23,378,000 $ 26,678,000
Fair Value of Level 3 Assets, Negative Yield   $ 14,000
CLOs | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair Value Inputs, Yield Including Negative   32.70%
CLOs | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.149 0.090
CLOs | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 1.077 2.921
CLOs | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.297 0.328
CLOs | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.134
CLOs | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.945
CLOs | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.913
CLOs | Measurement Input, Default Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.019
CLOs | Measurement Input, Default Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.689
CLOs | Measurement Input, Default Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.044
CLOs | Measurement Input, Projected Collateral Recoveries | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.013
CLOs | Measurement Input, Projected Collateral Recoveries | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.178
CLOs | Measurement Input, Projected Collateral Recoveries | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input   0.034
Agency RMBS | Interest only securities    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 12,389,000 $ 9,710,000
Agency RMBS | Interest only securities | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.228 0.495
Agency RMBS | Interest only securities | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 1.000 1.000
Agency RMBS | Interest only securities | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.645 0.788
Asset-backed securities, backed by consumer loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.026 0.095
Asset-backed securities, backed by consumer loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.254 0.228
Asset-backed securities, backed by consumer loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.126 0.157
Asset-backed securities, backed by consumer loans | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.000 0.000
Asset-backed securities, backed by consumer loans | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.183 0.116
Asset-backed securities, backed by consumer loans | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.138 0.090
Asset-backed securities, backed by consumer loans | Measurement Input, Default Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.009 0.010
Asset-backed securities, backed by consumer loans | Measurement Input, Default Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.290 0.311
Asset-backed securities, backed by consumer loans | Measurement Input, Default Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.229 0.209
Investment in unconsolidated entities    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 192,269,000 $ 195,643,000
Corporate loan [Member]    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value 10,448,000 10,531,000
Valuation, Market Approach | Non-Agency RMBS    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 87,132,000 $ 89,344,000
Valuation, Market Approach | Non-Agency RMBS | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 0.49 0.34
Valuation, Market Approach | Non-Agency RMBS | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 179.67 222.87
Valuation, Market Approach | Non-Agency RMBS | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 75.52 85.17
Valuation, Market Approach | CMBS    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 7,454,000 $ 12,866,000
Valuation, Market Approach | CMBS | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 6.63 7.00
Valuation, Market Approach | CMBS | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 82.46 90.77
Valuation, Market Approach | CMBS | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 41.01 56.98
Valuation, Market Approach | CLOs    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 15,250,000 $ 18,664,000
Valuation, Market Approach | CLOs | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 3.00 14.00
Valuation, Market Approach | CLOs | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 100.00 99.75
Valuation, Market Approach | CLOs | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 62.30 54.99
Valuation, Market Approach | Agency RMBS | Interest only securities    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 7,978,000 $ 3,558,000
Valuation, Market Approach | Agency RMBS | Interest only securities | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 0.63 0.72
Valuation, Market Approach | Agency RMBS | Interest only securities | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 18.69 20.36
Valuation, Market Approach | Agency RMBS | Interest only securities | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 8.41 7.31
Valuation, Market Approach | Corporate loan [Member]    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 7,000,000 $ 7,000,000
Valuation, Market Approach | Corporate loan [Member] | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 100.00 100.00
Valuation, Market Approach | Corporate loan [Member] | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 100.00 100.00
Valuation, Market Approach | Corporate loan [Member] | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input | $ / shares 100.00 100.00
Valuation, Market Approach | Other secured borrowings, at fair value    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ (1,448,182,000) $ (984,168,000)
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 57.86 93.34
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 98.79 102.14
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 91.80 99.94
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 0.055 0.018
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 0.091 0.025
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 0.063 0.021
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 0 0
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 0.999 0.972
Valuation, Market Approach | Other secured borrowings, at fair value | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Debt instrument, measurement input 0.989 0.681
Valuation, Income Approach | Non-Agency RMBS    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 44,317,000 $ 45,544,000
Valuation, Income Approach | CMBS    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value 1,926,000 268,000
Valuation, Income Approach | CLOs    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value 8,128,000 8,014,000
Valuation, Income Approach | Agency RMBS | Interest only securities    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value 4,411,000 6,152,000
Fair Value of Agency IOs, negative OAS measurement input $ 900,000 $ 2,100,000
Valuation, Income Approach | Agency RMBS | Interest only securities | Measurement Input, LIBOR OAS | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.0089 0.0135
Valuation, Income Approach | Agency RMBS | Interest only securities | Measurement Input, LIBOR OAS | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 2.1381 1.9247
Valuation, Income Approach | Agency RMBS | Interest only securities | Measurement Input, LIBOR OAS | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.0733 0.0683
Valuation, Income Approach | Agency RMBS | Interest only securities | Net LIBOR OAS [Member] | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.0386 0.0485
Valuation, Income Approach | Asset-backed securities, backed by consumer loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 78,183,000 $ 73,108,000
Valuation, Income Approach | Corporate debt and equity    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 12,043,000 $ 12,754,000
Valuation, Income Approach | Corporate debt and equity | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.100 0.081
Valuation, Income Approach | Corporate debt and equity | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.276 0.443
Valuation, Income Approach | Corporate debt and equity | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.111 0.147
Valuation, Income Approach | Consumer loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 7,410,000 $ 62,365,000
Valuation, Income Approach | Consumer loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.081 0.052
Valuation, Income Approach | Consumer loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.541 0.756
Valuation, Income Approach | Consumer loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.106 0.093
Valuation, Income Approach | Consumer loans | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.000 0.000
Valuation, Income Approach | Consumer loans | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.250 0.284
Valuation, Income Approach | Consumer loans | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.149 0.141
Valuation, Income Approach | Consumer loans | Measurement Input, Default Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.012 0.009
Valuation, Income Approach | Consumer loans | Measurement Input, Default Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.397 0.866
Valuation, Income Approach | Consumer loans | Measurement Input, Default Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Securities, measurement input 0.096 0.097
Valuation, Income Approach | Corporate loan [Member]    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 3,448,000 $ 3,531,000
Valuation, Income Approach | Corporate loan [Member] | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.060 0.030
Valuation, Income Approach | Corporate loan [Member] | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.201 0.219
Valuation, Income Approach | Corporate loan [Member] | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.156 0.161
Valuation, Income Approach | Credit default swaps on asset-backed securities    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 202,000 $ 303,000
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Prepayment Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.243 0.339
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Prepayment Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.317 0.419
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Prepayment Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.292 0.401
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Default Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.068 0.065
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Default Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.089 0.088
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Default Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.075 0.070
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Projected Collateral Recoveries | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.122 0.112
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Projected Collateral Recoveries | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.153 0.114
Valuation, Income Approach | Credit default swaps on asset-backed securities | Measurement Input, Projected Collateral Recoveries | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.122 0.113
Enterprise Value | Investment in unconsolidated entities | Measurement Input, Equity Price-to-Book    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 98,759,000 $ 123,779,000
Enterprise Value | Investment in unconsolidated entities | Measurement Input, Net Asset Value    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 80,579,000 $ 57,828,000
measurement input equity multiple | Investment in unconsolidated entities | Measurement Input, Equity Price-to-Book | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Equity method investment, measurement input 1.3 1.2
measurement input equity multiple | Investment in unconsolidated entities | Measurement Input, Equity Price-to-Book | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Equity method investment, measurement input 1.7 1.9
measurement input equity multiple | Investment in unconsolidated entities | Measurement Input, Equity Price-to-Book | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Equity method investment, measurement input 1.5 1.5
Valuation, Cost Approach | Investment in unconsolidated entities | Measurement Input, Exercise Price    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 12,931,000 $ 14,036,000
Performing and/or Re-performing | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value   $ 952,656,000
Performing and/or Re-performing | Residential mortgage loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.039 0.009
Performing and/or Re-performing | Residential mortgage loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.533 0.575
Performing and/or Re-performing | Residential mortgage loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.066 0.047
Performing and/or Re-performing | Valuation, Income Approach | Commercial mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 445,913,000 $ 310,735,000
Performing and/or Re-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.067 0.051
Performing and/or Re-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.133 0.106
Performing and/or Re-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.088 0.072
Performing and/or Re-performing | Valuation, Income Approach | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 1,414,837,000 $ 951,723,000
Performing and/or Re-performing | Valuation, Cost Approach | Residential mortgage loans | Measurement Input, Exercise Price    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value   933,000
Securitized loans [Member] | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value 1,561,819,000 1,041,545,000
Securitized loans [Member] | Valuation, Market Approach | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 1,504,652,000 $ 1,003,164,000
Securitized loans [Member] | Valuation, Market Approach | Residential mortgage loans | Measurement Input, Quoted Price | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.56 88.36
Securitized loans [Member] | Valuation, Market Approach | Residential mortgage loans | Measurement Input, Quoted Price | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 98.79 102.14
Securitized loans [Member] | Valuation, Market Approach | Residential mortgage loans | Measurement Input, Quoted Price | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 89.54 99.83
Securitized loans [Member] | Valuation, Income Approach | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 57,167,000 $ 38,381,000
Securitized loans [Member] | Valuation, Income Approach | Residential mortgage loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.042 0.013
Securitized loans [Member] | Valuation, Income Approach | Residential mortgage loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.203 0.235
Securitized loans [Member] | Valuation, Income Approach | Residential mortgage loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.070 0.042
Non-performing | Residential mortgage loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.032 0.008
Non-performing | Residential mortgage loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.693 0.359
Non-performing | Residential mortgage loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.145 0.115
Non-performing | Residential mortgage loans | Measurement Input recovery amount | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input, Recovery Amount $ 0.005 $ 0.005
Non-performing | Residential mortgage loans | Measurement Input recovery amount | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input, Recovery Amount 2.050 1.748
Non-performing | Residential mortgage loans | Measurement Input recovery amount | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input, Recovery Amount 0.365 0.348
Non-performing | Valuation, Income Approach | Commercial mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 31,465,000 $ 15,462,000
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Investment, measurement input, recovery time 2 months 24 days 1 month 24 days
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Investment, measurement input, recovery time 4 months 24 days 1 month 24 days
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Investment, measurement input, recovery time 3 months 24 days 1 month 24 days
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input, Discount Rate | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.152 0.106
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input, Discount Rate | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.230 0.106
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input, Discount Rate | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input 0.192 0.106
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input recovery amount | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input, Recovery Amount $ 0.999 $ 1.002
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input recovery amount | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input, Recovery Amount 1.004 1.002
Non-performing | Valuation, Income Approach | Commercial mortgage loans | Measurement Input recovery amount | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Loans, Measurement Input, Recovery Amount 1.001 1.002
Non-performing | Valuation, Income Approach | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 18,928,000 $ 22,027,000
Non-performing | Valuation, Income Approach | Residential mortgage loans | Minimum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Investment, measurement input, recovery time 5 months 24 days 5 months 24 days
Non-performing | Valuation, Income Approach | Residential mortgage loans | Maximum    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Investment, measurement input, recovery time 159 months 21 days 100 months 24 days
Non-performing | Valuation, Income Approach | Residential mortgage loans | Weighted Average    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Investment, measurement input, recovery time 26 months 21 days 29 months 15 days
Non-performing securitized residential mortgage loans [Member] | Valuation, Income Approach | Residential mortgage loans    
Fair Value Measurements Inputs and Valuation Techniques [Line Items]    
Fair value $ 7,700,000 $ 8,800,000