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Segment Reporting Operating Profit and Loss by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information [Line Items]                
Interest income $ 96,216     $ 78,592 [1]     $ 271,482 $ 192,388 [1]
Interest expense (68,702)     (42,080) [1]     (191,752) (82,121) [1]
Noninterest Income 26,220     (26,348) [1]     112,559 (121,398) [1]
Operating Expenses 39,452     14,463 [1]     119,986 47,132 [1]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 14,282     (4,299) [1]     72,303 (58,263) [1]
Income Tax Expense (Benefit) 224     (81) [1]     328 (14,867) [1]
Earnings (losses) from investments in unconsolidated entities (978)     (25,513) [1]     (3,403) (54,284) [1]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 13,080 $ 10,739 $ 44,753 (29,731) [1] $ (61,451) $ (6,498) 68,572 (97,680) [1]
Net income (loss) attributable to non-controlling interests 509     (264) [1]     3,090 (1,075) [1]
Dividends on preferred stock 5,980     3,823 [1]     17,077 11,468 [1]
Net income (loss) attributable to common stockholders 6,591     (33,290) [1]     48,405 (108,073) [1]
Depreciation 149           859  
Investment Portfolio Segment                
Segment Reporting Information [Line Items]                
Interest income 89,445     77,887     254,932 191,329
Interest expense (58,045)     (38,121)     (164,388) (72,432)
Noninterest Income (11,969)     (24,514)     12,314 (118,832)
Operating Expenses 3,771     7,120     11,140 20,187
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 15,660     8,132     91,718 (20,122)
Income Tax Expense (Benefit) 0     0     0 0
Earnings (losses) from investments in unconsolidated entities (978)     (25,513)     (3,403) (54,284)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 14,682     (17,381)     88,315 (74,406)
Net income (loss) attributable to non-controlling interests 438     156     2,522 287
Dividends on preferred stock 0     0     0 0
Net income (loss) attributable to common stockholders 14,244     (17,537)     85,793 (74,693)
Depreciation 0           0  
Longbridge Segment                
Segment Reporting Information [Line Items]                
Interest income 5,190           11,862  
Interest expense (7,540)           (18,003)  
Noninterest Income 31,752           95,779  
Operating Expenses 25,319           76,583  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 4,083           13,055  
Income Tax Expense (Benefit) 0           0  
Earnings (losses) from investments in unconsolidated entities 0           0  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 4,083           13,055  
Net income (loss) attributable to non-controlling interests (12)           (35)  
Dividends on preferred stock 0           0  
Net income (loss) attributable to common stockholders 4,095           13,090  
Depreciation 149           859  
Corporate and Other                
Segment Reporting Information [Line Items]                
Interest income 1,581     705     4,688 1,059
Interest expense (3,117)     (3,959)     (9,361) (9,689)
Noninterest Income 6,437     (1,834)     4,466 (2,566)
Operating Expenses 10,362     7,343     32,263 26,945
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (5,461)     (12,431)     (32,470) (38,141)
Income Tax Expense (Benefit) 224     (81)     328 (14,867)
Earnings (losses) from investments in unconsolidated entities 0     0     0 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (5,685)     (12,350)     (32,798) (23,274)
Net income (loss) attributable to non-controlling interests 83     (420)     603 (1,362)
Dividends on preferred stock 5,980     3,823     17,077 11,468
Net income (loss) attributable to common stockholders (11,748)     $ (15,753)     (50,478) $ (33,380)
Depreciation $ 0           $ 0  
[1] Conformed to current period presentation.