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Fair value measurements - Schedule of Valuation Techniques (Details)
$ in Thousands
Sep. 30, 2024
USD ($)
quote
Dec. 31, 2023
USD ($)
quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 197,558 $ 162,821
Derivative assets, at fair value 5,341 10,605
Derivative Liability (111) (70)
Legacy WMC CMBS    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 52,685 56,349
Legacy WMC Other Securities    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 998 1,156
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative assets, at fair value 149 1,172
Level 3 | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative assets, at fair value 149 1,172
Derivative Liability $ (25) $ (7)
Level 3 | Yield | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.0604 0.0629
Derivative liability, measurement input 0.0604 0.0647
Level 3 | Yield | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.0734 0.0832
Derivative liability, measurement input 0.0654 0.0700
Level 3 | Yield | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.0623 0.0681
Derivative liability, measurement input 0.0606 0.0651
Level 3 | Projected Collateral Prepayments | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.1269 0.1820
Derivative liability, measurement input 0.1691 0.2736
Level 3 | Projected Collateral Prepayments | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.2858 0.3378
Derivative liability, measurement input 0.2725 0.3444
Level 3 | Projected Collateral Prepayments | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.2161 0.2700
Derivative liability, measurement input 0.2409 0.3430
Level 3 | Projected Collateral Losses | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.0002 0.0000
Derivative liability, measurement input 0.0001 0.0000
Level 3 | Projected Collateral Losses | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.0347 0.0082
Derivative liability, measurement input 0.0166 0.0002
Level 3 | Projected Collateral Losses | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.0088 0.0014
Derivative liability, measurement input 0.0009 0.0000
Level 3 | Projected Collateral Severities | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.1000 0.1000
Derivative liability, measurement input 0.1000 0.1000
Level 3 | Projected Collateral Severities | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.1000 0.1000
Derivative liability, measurement input 0.1000 0.1000
Level 3 | Projected Collateral Severities | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.1000 0.1000
Derivative liability, measurement input 0.1000 0.1000
Level 3 | Pull Through Percentages | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.6000 0.6000
Derivative liability, measurement input 0.6000 0.6000
Level 3 | Pull Through Percentages | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 1.0000 1.0000
Derivative liability, measurement input 1.0000 1.0000
Level 3 | Pull Through Percentages | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivative asset, measurement input 0.7429 0.9221
Derivative liability, measurement input 0.7597 0.9922
Level 3 | Residential Mortgage | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, fair value $ 263,080 $ 316,854
Level 3 | Residential Mortgage | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, fair value $ 6,226,698 $ 5,358,281
Level 3 | Residential Mortgage | Yield | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0581 0.0613
Level 3 | Residential Mortgage | Yield | Minimum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0521 0.0567
Level 3 | Residential Mortgage | Yield | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.1255 0.1875
Level 3 | Residential Mortgage | Yield | Maximum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.1015 0.0947
Level 3 | Residential Mortgage | Yield | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0785 0.0664
Level 3 | Residential Mortgage | Yield | Weighted Average | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0571 0.0623
Level 3 | Residential Mortgage | Projected Collateral Prepayments | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0571 0.0389
Level 3 | Residential Mortgage | Projected Collateral Prepayments | Minimum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0413 0.0302
Level 3 | Residential Mortgage | Projected Collateral Prepayments | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.3275 0.3435
Level 3 | Residential Mortgage | Projected Collateral Prepayments | Maximum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.1100 0.1047
Level 3 | Residential Mortgage | Projected Collateral Prepayments | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.2019 0.2488
Level 3 | Residential Mortgage | Projected Collateral Prepayments | Weighted Average | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0626 0.0472
Level 3 | Residential Mortgage | Projected Collateral Losses | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0000 0.0000
Level 3 | Residential Mortgage | Projected Collateral Losses | Minimum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0002 0.0002
Level 3 | Residential Mortgage | Projected Collateral Losses | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.2516 0.1272
Level 3 | Residential Mortgage | Projected Collateral Losses | Maximum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0195 0.0188
Level 3 | Residential Mortgage | Projected Collateral Losses | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0117 0.0015
Level 3 | Residential Mortgage | Projected Collateral Losses | Weighted Average | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0015 0.0016
Level 3 | Residential Mortgage | Projected Collateral Severities | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input (0.2500) (0.3875)
Level 3 | Residential Mortgage | Projected Collateral Severities | Minimum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input (0.1327) (0.1344)
Level 3 | Residential Mortgage | Projected Collateral Severities | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.5540 0.4401
Level 3 | Residential Mortgage | Projected Collateral Severities | Maximum | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.2600 0.2600
Level 3 | Residential Mortgage | Projected Collateral Severities | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.1735 0.0962
Level 3 | Residential Mortgage | Projected Collateral Severities | Weighted Average | Securitized Residential Mortgage Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.1899 0.1738
Level 3 | Legacy WMC Commercial Loans | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, fair value $ 66,875 $ 66,303
Level 3 | Legacy WMC Commercial Loans | Yield | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0764 0.0816
Level 3 | Legacy WMC Commercial Loans | Yield | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0944 0.1013
Level 3 | Legacy WMC Commercial Loans | Yield | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0885 0.0947
Level 3 | Legacy WMC Commercial Loans | Credit Spread | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0377 0.0377
Level 3 | Legacy WMC Commercial Loans | Credit Spread | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0517 0.0556
Level 3 | Legacy WMC Commercial Loans | Credit Spread | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.0471 0.0496
Level 3 | Legacy WMC Commercial Loans | Recovery Percentage | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 1.0000 1.0000
Level 3 | Legacy WMC Commercial Loans | Recovery Percentage | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 1.0000 1.0000
Level 3 | Legacy WMC Commercial Loans | Recovery Percentage | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 1.0000 1.0000
Level 3 | Legacy WMC Commercial Loans | Loan-to-Value | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.4250 0.4250
Level 3 | Legacy WMC Commercial Loans | Loan-to-Value | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.7722 0.7722
Level 3 | Legacy WMC Commercial Loans | Loan-to-Value | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.6368 0.6361
Level 3 | Non-Agency RMBS | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 111,171 $ 37,533
Level 3 | Non-Agency RMBS | Yield | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0537 0.0623
Level 3 | Non-Agency RMBS | Yield | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.3500 0.1400
Level 3 | Non-Agency RMBS | Yield | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0732 0.0970
Level 3 | Non-Agency RMBS | Projected Collateral Prepayments | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0460 0.0455
Level 3 | Non-Agency RMBS | Projected Collateral Prepayments | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.1275 0.0526
Level 3 | Non-Agency RMBS | Projected Collateral Prepayments | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0894 0.0493
Level 3 | Non-Agency RMBS | Projected Collateral Losses | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0001 0.0017
Level 3 | Non-Agency RMBS | Projected Collateral Losses | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0041 0.0028
Level 3 | Non-Agency RMBS | Projected Collateral Losses | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0012 0.0025
Level 3 | Non-Agency RMBS | Projected Collateral Severities | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.1000 0.1000
Level 3 | Non-Agency RMBS | Projected Collateral Severities | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.2500 0.1000
Level 3 | Non-Agency RMBS | Projected Collateral Severities | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.1948 0.1000
Level 3 | Legacy WMC CMBS | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 636 $ 5,796
Level 3 | Legacy WMC CMBS | Offered Quotes | Minimum | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input | quote 6.06 55.20
Level 3 | Legacy WMC CMBS | Offered Quotes | Maximum | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input | quote 6.06 55.20
Level 3 | Legacy WMC CMBS | Offered Quotes | Weighted Average | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input | quote 6.06 55.20
Level 3 | Legacy WMC Other Securities | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 998 $ 1,156
Level 3 | Legacy WMC Other Securities | Offered Quotes | Minimum | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input | quote 5,883.06 6,821.32
Level 3 | Legacy WMC Other Securities | Offered Quotes | Maximum | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input | quote 5,883.06 6,821.32
Level 3 | Legacy WMC Other Securities | Offered Quotes | Weighted Average | Consensus Pricing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input | quote 5,883.06 6,821.32
Level 3 | AG Arc | Comparable Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, fair value $ 30,967 $ 33,574
Level 3 | AG Arc | Book Value Multiple | Minimum | Comparable Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.95 0.89
Level 3 | AG Arc | Book Value Multiple | Maximum | Comparable Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.95 0.89
Level 3 | AG Arc | Book Value Multiple | Weighted Average | Comparable Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Loans held-for-sale, measurement input 0.95 0.89
Level 3 | Securitized Debt | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, fair value $ (5,497,552) $ (4,711,623)
Level 3 | Securitized Debt | Yield | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0443 0.0492
Level 3 | Securitized Debt | Yield | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.2500 0.1500
Level 3 | Securitized Debt | Yield | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0528 0.0572
Level 3 | Securitized Debt | Projected Collateral Prepayments | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0413 0.0302
Level 3 | Securitized Debt | Projected Collateral Prepayments | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.1100 0.1047
Level 3 | Securitized Debt | Projected Collateral Prepayments | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0622 0.0466
Level 3 | Securitized Debt | Projected Collateral Losses | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0002 0.0002
Level 3 | Securitized Debt | Projected Collateral Losses | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0050 0.0040
Level 3 | Securitized Debt | Projected Collateral Losses | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.0014 0.0015
Level 3 | Securitized Debt | Projected Collateral Severities | Minimum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.1000 0.0371
Level 3 | Securitized Debt | Projected Collateral Severities | Maximum | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.2600 0.2600
Level 3 | Securitized Debt | Projected Collateral Severities | Weighted Average | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Long-term debt, measurement input 0.1929 0.1776