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Loans - Schedule of Company's Residential Mortgage Loan Portfolio and Commercial Loan Portfolio (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Securitized Residential Mortgage Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loan receivable, weighted average yield, fair value of underlying loans 5.21%  
Residential Mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Fair Value $ 265,047 $ 317,631
Residential Mortgage | Securitized Residential Mortgage Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Fair Value 6,226,698 5,358,281
Residential Portfolio Segment    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance 6,701,366 6,124,045
Premium (Discount) (15,705) (46,975)
Amortized Cost 6,685,661 6,077,070
Gross Unrealized Gains 78,811 38,280
Gross Unrealized Losses (272,727) (439,438)
Fair Value $ 6,491,745 $ 5,675,912
Weighted Average Coupon 5.69% 5.28%
Weighted Average Yield 5.73% 5.68%
Weighted Average Life (Years) 8 years 5 months 26 days 9 years 10 months 9 days
Residential Portfolio Segment | Residential Mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 255,983 $ 306,987
Premium (Discount) 5,586 2,740
Amortized Cost 261,569 309,727
Gross Unrealized Gains 3,976 8,478
Gross Unrealized Losses (498) (574)
Fair Value $ 265,047 $ 317,631
Weighted Average Coupon 9.19% 7.99%
Weighted Average Yield 8.46% 8.08%
Weighted Average Life (Years) 3 years 11 months 19 days 3 years 3 months 14 days
Loan receivable, weighted average yield, fair value of underlying loans 8.90%  
Residential Portfolio Segment | Residential Mortgage | Securitized Residential Mortgage Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 6,445,383 $ 5,817,058
Premium (Discount) (21,291) (49,715)
Amortized Cost 6,424,092 5,767,343
Gross Unrealized Gains 74,835 29,802
Gross Unrealized Losses (272,229) (438,864)
Fair Value $ 6,226,698 $ 5,358,281
Weighted Average Coupon 5.55% 5.14%
Weighted Average Yield 5.62% 5.54%
Weighted Average Life (Years) 8 years 8 months 1 day 10 years 2 months 15 days
Loan receivable, weighted average yield, fair value of underlying loans 5.70%  
Residential Portfolio Segment | Non-Agency Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 14,018 $ 92,033
Premium (Discount) (248) 835
Amortized Cost 13,770 92,868
Gross Unrealized Gains 133 2,222
Gross Unrealized Losses (498) (574)
Fair Value $ 13,405 $ 94,516
Weighted Average Coupon 7.57% 8.10%
Weighted Average Yield 4.52% 7.29%
Weighted Average Life (Years) 3 years 7 months 9 days 3 years 1 month 20 days
Residential Portfolio Segment | Non-Agency Loans | Securitized Residential Mortgage Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 6,242,559 $ 5,599,960
Premium (Discount) (6,609) (32,250)
Amortized Cost 6,235,950 5,567,710
Gross Unrealized Gains 74,835 29,603
Gross Unrealized Losses (258,620) (422,144)
Fair Value $ 6,052,165 $ 5,175,169
Weighted Average Coupon 5.60% 5.19%
Weighted Average Yield 5.60% 5.51%
Weighted Average Life (Years) 8 years 9 months 7 days 10 years 4 months 13 days
Loan receivable, weighted average yield, fair value of underlying loans 5.69%  
Residential Portfolio Segment | Re- and Non-Performing Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 2,094 $ 2,604
Premium (Discount) (1,234) (1,630)
Amortized Cost 860 974
Gross Unrealized Gains 1,107 1,432
Gross Unrealized Losses 0 0
Fair Value $ 1,967 $ 2,406
Weighted Average Yield 111.21% 112.97%
Weighted Average Life (Years) 1 year 5 months 15 days 1 year 8 months 8 days
Residential Portfolio Segment | Re- and Non-Performing Loans | Securitized Residential Mortgage Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 202,824 $ 217,098
Premium (Discount) (14,682) (17,465)
Amortized Cost 188,142 199,633
Gross Unrealized Gains 0 199
Gross Unrealized Losses (13,609) (16,720)
Fair Value $ 174,533 $ 183,112
Weighted Average Coupon 3.95% 3.88%
Weighted Average Yield 6.10% 6.30%
Weighted Average Life (Years) 5 years 8 months 15 days 6 years 1 month 6 days
Loan receivable, weighted average yield, fair value of underlying loans 6.15%  
Residential Portfolio Segment | Agency-Eligible Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 109,219 $ 212,350
Premium (Discount) 2,448 3,535
Amortized Cost 111,667 215,885
Gross Unrealized Gains 1,154 4,824
Gross Unrealized Losses 0 0
Fair Value $ 112,821 $ 220,709
Weighted Average Coupon 7.58% 7.94%
Weighted Average Yield 6.76% 7.28%
Weighted Average Life (Years) 3 years 8 months 23 days 3 years 4 months 13 days
Residential Portfolio Segment | Home Equity Loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Unpaid Principal Balance $ 130,652  
Premium (Discount) 4,620  
Amortized Cost 135,272  
Gross Unrealized Gains 1,582  
Gross Unrealized Losses 0  
Fair Value $ 136,854  
Weighted Average Coupon 10.72%  
Weighted Average Yield 9.62%  
Weighted Average Life (Years) 4 years 3 months