Consolidated Statement of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Net Interest Income
Interest income		$ 282,218	$ 175,505		$ 173,531
Interest expense		(141,777)	(44,030)		(61,665)
Total net interest income		140,441	131,475		111,866
Other Income (Loss)(1)
Realized gains (losses) on securities and loans, net		(105,449)	5,017	[1]	(5,960)	[1]
Realized (gains) losses on financial derivatives, net		120,489	11,502	[1]	(31,521)	[1]
Realized gains (losses) on real estate owned, net		490	1,711	[1]	15	[1]
Unrealized gains (losses) on securities and loans, net		(475,807)	(30,802)	[1]	(25,783)	[1]
Unrealized gains (losses) on financial derivatives, net		53,891	10,355	[1]	989	[1]
Unrealized gains (losses) on real estate owned, net		(485)	(1,259)	[1]	(649)	[1]
Unrealized gains (losses) on other secured borrowings, at fair value, net		258,140	15,844	[1]	(9,316)	[1]
Unrealized gains (losses) on senior notes, at fair value		18,165	0	[1]	0	[1]
Net change from reverse mortgage loans, at fair value		199,189	0	[1]	0	[1]
Net change related to HMBS obligations, at fair value		(162,381)	0	[1]	0	[1]
Business Combination, Bargain Purchase, Gain Recognized, Amount		7,932	0	[1]	0	[1]
Other, net		5,379	7,194	[1]	7,018	[1]
Total other income (loss)		(80,447)	19,562	[1]	(65,207)	[1]
Expenses
Base management fee to affiliate (Net of fee rebates)	[2]	16,847	13,422		11,508
Incentive Fee Expense		0	15,658		0
Other investment related expenses
Servicing expense		8,123	4,422		9,139
Debt issuance costs related to Other secured borrowings, at fair value		6,291	5,290		3,894
Debt issuance costs related to Senior notes, at fair value		3,615	0		0
Other		12,920	8,832		5,111
Professional fees		6,378	5,416		5,005
Compensation and benefits		19,599	5,743		3,776
Other expenses		11,192	6,658		6,405
Total expenses		84,965	65,441		44,838
Net Income (Loss) before Income Tax Expense (Benefit) and Earnings (Losses) from Investments in Unconsolidated Entities		(24,971)	85,596		1,821
Income Tax Expense (Benefit)		(17,716)	3,144		11,377
Earnings (losses) from investments in unconsolidated entities		(63,614)	58,104		37,933
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total		(70,869)	140,556		28,377
Net income (loss) attributable to non-controlling interests		(822)	7,093		3,369
Dividends on preferred stock		15,292	8,117		7,763
Net Income (Loss) Attributable to Common Stockholders		$ (85,339)	$ 125,346		$ 17,245
Net Income (Loss) per Share of Common Stock:
Basic and Diluted (USD per share)		$ (1.43)	$ 2.58		$ 0.39

[1] Conformed to current period presentation.

[2] See Note 15 for further details on management fee rebates.