Derivative Instruments - Effect of the Company’s Derivatives on the Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	$ 15,398	$ (2,554)	$ 33,548	$ (9,024)
Realized gains (losses) on derivatives	9,527	(17,954)	12,397	(17,872)
Periodic interest on derivatives, net	2,061	5,067	3,895	9,202
Gain on origination and sale of loans, net	22,210	0	43,595	0
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	7,655	(26)	16,997	(3,896)
Realized gains (losses) on derivatives	11,554	(11,941)	8,145	(11,941)
Periodic interest on derivatives, net	228	3,756	2,855	7,844
Gain on origination and sale of loans, net	4,241		4,241
Swap futures
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	2,936	(400)	4,716	(641)
Realized gains (losses) on derivatives	0	(390)	0	(390)
Periodic interest on derivatives, net	436	293	1,435	340
U.S. Treasury futures
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	0	0	0	(117)
Realized gains (losses) on derivatives	0	0	0	82
Gain on origination and sale of loans, net	1,359		2,624
Swaptions
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	0	0	1,045	0
Realized gains (losses) on derivatives	0	(5,623)	2,022	(5,623)
Interest rate cap
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	6,365	(2,128)	10,790	(4,370)
Realized gains (losses) on derivatives	(3,377)	0	(7,089)	0
Periodic interest on derivatives, net	2,335	$ 1,018	981	$ 1,018
TBA
Derivative Instruments, Gain (Loss) [Line Items]
Net unrealized gains (losses) on derivatives	(1,558)		0
Realized gains (losses) on derivatives	1,350		9,319
Periodic interest on derivatives, net	(938)		(1,376)
Gain on origination and sale of loans, net	(23)		(23)
Interest rate lock commitments
Derivative Instruments, Gain (Loss) [Line Items]
Gain on origination and sale of loans, net	$ (103)		$ 200