Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income and interest expense
Interest income	$ 362,550	$ 302,860	$ 240,161
Interest expense	(273,862)	(160,755)	(85,090)
Net interest income	88,688	142,105	155,071
Other revenue
Other income, net	19,875	2,849	560
Revenue from real estate owned operations	7,829	0	0
Total other revenue	27,704	2,849	560
Other expenses
Professional fees	6,695	4,735	4,835
General and administrative	3,845	4,399	4,392
Stock compensation expense	8,029	5,052	5,763
Servicing and asset management fees	1,352	1,975	1,608
Management fee	22,426	23,455	21,519
Incentive management fee	0	5,183	0
Expenses from real estate owned operations	7,532	0	0
Total other expenses	49,879	44,799	38,117
Gain on sale of real estate owned, net	7,028	13,291	15,790
Credit loss expense, net	189,912	172,982	(6,310)
(Loss) income before income taxes	(116,371)	(59,536)	139,614
Income tax expense, net	(259)	(530)	(1,064)
Net (loss) income	(116,630)	(60,066)	138,550
Preferred stock dividends and participating securities' share in earnings	(14,275)	(13,578)	(19,911)
Series B Preferred Stock redemption make-whole payment	0	0	(22,485)
Series B Preferred Stock accretion, including allocated Warrant fair value and transaction costs	0	0	(25,449)
Net (loss) income attributable to common stockholders - see Note 11	$ (130,905)	$ (73,644)	$ 70,705
Earnings per share
(Loss) earnings per common share, basic (in USD per share)	$ (1.69)	$ (0.95)	$ 0.92
(Loss) earnings per common share, diluted (in USD per share)	$ (1.69)	$ (0.95)	$ 0.87
Weighted average number of common shares outstanding
Basic: (in shares)	77,575,788	77,296,524	76,977,743
Diluted: (in shares)	77,575,788	77,296,524	81,684,388
Other comprehensive (loss) income
Net (loss) income	$ (116,630)	$ (60,066)	$ 138,550
Comprehensive net (loss) income	$ (116,630)	$ (60,066)	$ 138,550