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VARIABLE INTEREST ENTITIES - Additional Information (Details) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Aug. 31, 2017
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Mar. 31, 2020
Feb. 29, 2020
Jan. 31, 2020
Nov. 30, 2019
Oct. 31, 2019
Jul. 31, 2019
Apr. 30, 2019
Feb. 28, 2019
Jan. 31, 2019
Dec. 31, 2018
Oct. 31, 2018
Aug. 31, 2018
Mar. 31, 2018
Variable Interest Entity [Line Items]                                      
Principal receivable [1]   $ 3,972,671,000   $ 3,972,671,000   $ 4,462,350,000 [2]                          
Securitized debt of consolidated VIEs   6,458,130,000   6,458,130,000   5,622,801,000 [2]                          
Mortgage-backed securities [3]   77,805,743,000   77,805,743,000   114,833,580,000 [2]                          
Costs incurred in connection with securitization   67,666,000 $ 78,408,000 145,295,000 $ 162,145,000                            
Other secured financings   1,538,996,000   1,538,996,000   4,455,700,000 [2]                          
Corporate Loans                                      
Variable Interest Entity [Line Items]                                      
Loans 90 days or more past due or on nonaccrual status   0   0   12,200,000                          
Loans   2,185,264,000   2,185,264,000   2,144,850,000                   $ 1,887,182,000      
Pingora                                      
Variable Interest Entity [Line Items]                                      
Variable interest entity, ownership percentage 100.00%                                    
Consolidated VIEs                                      
Variable Interest Entity [Line Items]                                      
Exposure to obligations of VIEs   2,600,000,000   2,600,000,000                              
Consolidated VIEs | Commercial Trusts                                      
Variable Interest Entity [Line Items]                                      
Principal receivable   2,300,000,000   2,300,000,000   2,300,000,000                          
Gain (loss) attributable to instrument- specific credit risk       0 0                            
Loans   0   0   0                          
Other secured financings   0   0   0                          
Consolidated VIEs | Residential Trusts                                      
Variable Interest Entity [Line Items]                                      
Loans   0   0   0                          
Contractual principal amount of debt held by third parties   43,200,000   43,200,000   57,300,000                          
Other secured financings   0   0   0                          
Consolidated VIEs | Borrower                                      
Variable Interest Entity [Line Items]                                      
Credit facility, maximum borrowing capacity   625,000,000.0   625,000,000.0                              
Other secured financings   426,400,000   426,400,000                              
Consolidated VIEs | Consolidation, Eliminations | Borrower                                      
Variable Interest Entity [Line Items]                                      
Principal receivable   426,400,000   426,400,000                              
Consolidated VIEs | Corporate Loans | Borrower                                      
Variable Interest Entity [Line Items]                                      
Transferred loans pledged as collateral for credit facility   741,300,000   741,300,000                              
Consolidated VIEs | NLY 2019-FL2                                      
Variable Interest Entity [Line Items]                                      
Principal receivable   857,300,000   857,300,000                              
Loans                           $ 857,300,000          
Securitized debt of consolidated VIEs   610,100,000   610,100,000                              
Costs incurred in connection with securitization           8,300,000                          
Contractual principal amount of debt held by third parties   633,900,000   633,900,000                              
Consolidated VIEs | NLY 2019-FL2 | Consolidation, Eliminations                                      
Variable Interest Entity [Line Items]                                      
Mortgage-backed securities   196,600,000   196,600,000                              
Consolidated VIEs | OBX Trust                                      
Variable Interest Entity [Line Items]                                      
Loans     383,760,000   383,760,000     $ 467,511,000 $ 374,609,000   $ 465,492,000 $ 463,405,000 $ 388,156,000   $ 393,961,000   $ 384,027,000 $ 383,451,000 $ 327,162,000
Securitized debt of consolidated VIEs   2,300,000,000   2,300,000,000                              
Costs incurred in connection with securitization   0.0 $ 3,000,000.0 3,700,000 $ 4,700,000                            
Contractual principal amount of debt held by third parties   2,300,000,000   2,300,000,000                              
Consolidated VIEs | OBX Trust | Consolidation, Eliminations                                      
Variable Interest Entity [Line Items]                                      
Mortgage-backed securities   526,300,000   526,300,000                              
Consolidated VIEs | Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial Trusts                                      
Variable Interest Entity [Line Items]                                      
Loans 90 days or more past due or on nonaccrual status   0   0   $ 0                          
Consolidated VIEs | July 2017 Credit Facility | Borrower                                      
Variable Interest Entity [Line Items]                                      
Credit facility, maximum borrowing capacity   320,000,000.0   320,000,000.0                              
Consolidated VIEs | July 2017 Credit Facility | Corporate Loans | Borrower                                      
Variable Interest Entity [Line Items]                                      
Transferred loans pledged as collateral for credit facility   454,900,000   454,900,000                              
Other secured financings   257,800,000   257,800,000                              
Consolidated VIEs | January 2019 Credit Facility | Borrower                                      
Variable Interest Entity [Line Items]                                      
Credit facility, maximum borrowing capacity                             $ 300,000,000.0        
Consolidated VIEs | January 2019 Credit Facility | Corporate Loans | Borrower                                      
Variable Interest Entity [Line Items]                                      
Transferred loans pledged as collateral for credit facility   336,800,000   336,800,000                              
Other secured financings   $ 211,600,000   211,600,000                              
Multifamily | Consolidated VIEs                                      
Variable Interest Entity [Line Items]                                      
Cut-off date principal balance             $ 500,000,000     $ 1,000,000,000.0                  
Costs incurred       $ 1,100,000                              
Retained Interest | Multifamily | Consolidated VIEs                                      
Variable Interest Entity [Line Items]                                      
Retained interest notional balance             $ 500,000,000     1,000,000,000.0                  
Senior Loans | Multifamily | Consolidated VIEs                                      
Variable Interest Entity [Line Items]                                      
Principal receivable                   $ 28,500,000                  
[1]
Includes $61.1 million and $66.7 million of residential mortgage loans held for sale at June 30, 2020 and December 31, 2019, respectively.
[2]
Derived from the audited consolidated financial statements at December 31, 2019.
[3] Excludes $144.2 million and $102.5 million at June 30, 2020 and December 31, 2019, respectively, of Agency mortgage-backed securities, $398.9 million and $468.0 million at June 30, 2020 and December 31, 2019, respectively, of non-Agency mortgage-backed securities and $381.3 million and $500.3 million at June 30, 2020 and December 31, 2019, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.