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VARIABLE INTEREST ENTITIES - Additional Information (Details) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 31, 2017
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Jul. 31, 2020
Mar. 31, 2020
Feb. 29, 2020
Jan. 31, 2020
Nov. 30, 2019
Oct. 31, 2019
Jul. 31, 2019
Jun. 30, 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]   $ 2,788,341,000   $ 2,788,341,000   $ 4,462,350,000 [2]                              
Securitized debt of consolidated VIEs   6,027,576,000   6,027,576,000   5,622,801,000 [2]                              
Mortgage-backed securities [3]   76,098,985,000   76,098,985,000   114,833,580,000 [2]                              
Costs incurred in connection with securitization   48,832,000 $ 66,138,000 194,127,000 $ 228,283,000                                
Gain on disposal of investments and other   198,888,000 66,522,000 652,150,000 (65,727,000)                                
Other secured financing   861,373,000   861,373,000   4,455,700,000 [2]                              
Corporate Loans                                          
Variable Interest Entity [Line Items]                                          
Loans 90 days or more past due or on nonaccrual status   12.9   12.9   12,200,000                              
Loans   2,061,878,000   2,061,878,000   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   3,200,000,000   3,200,000,000                                  
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 financing   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   32,600,000   32,600,000   57,300,000                              
Other secured financing   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 financing   412,700,000   412,700,000                                  
Consolidated VIEs | Consolidation, Eliminations | Borrower                                          
Variable Interest Entity [Line Items]                                          
Principal receivable   412,700,000   412,700,000                                  
Consolidated VIEs | Corporate Loans | Borrower                                          
Variable Interest Entity [Line Items]                                          
Transferred loans pledged as collateral for credit facility   717,500,000   717,500,000                                  
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   629,200,000   629,200,000                                  
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   205,200,000   205,200,000                                  
Consolidated VIEs | OBX Trust                                          
Variable Interest Entity [Line Items]                                          
Loans   514,609,000   514,609,000     $ 489,352,000   $ 467,511,000 $ 374,609,000   $ 465,492,000 $ 463,405,000 $ 383,760,000 $ 388,156,000   $ 393,961,000   $ 384,027,000 $ 383,451,000 $ 327,162,000
Securitized debt of consolidated VIEs   2,900,000,000   2,900,000,000                                  
Costs incurred in connection with securitization   2,800,000 $ 2,600,000 7,100,000 $ 7,300,000                                
Contractual principal amount of debt held by third parties   2,900,000,000   2,900,000,000                                  
Consolidated VIEs | OBX Trust | Consolidation, Eliminations                                          
Variable Interest Entity [Line Items]                                          
Mortgage-backed securities   641,300,000   641,300,000                                  
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   411,700,000   411,700,000                                  
Other secured financing   219,600,000   219,600,000                                  
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   317,300,000   317,300,000                                  
Other secured financing   196,300,000   196,300,000                                  
VIE, Not Primary Beneficiary                                          
Variable Interest Entity [Line Items]                                          
Loans transferred for cash   22,200,000   145,500,000                                  
Multifamily | Consolidated VIEs                                          
Variable Interest Entity [Line Items]                                          
Cut-off date principal balance               $ 500,000,000     $ 1,000,000,000.0                    
Gain on disposal of investments and other   104,800,000                                      
Derecognized assets, securities   1,200,000,000                                      
Derecognized assets, securitization vehicles   $ 1,100,000,000                                      
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 $50.0 million and $66.7 million of residential mortgage loans held for sale at September 30, 2020 and December 31, 2019, respectively.
[2] Derived from the audited consolidated financial statements at December 31, 2019.
[3] Excludes $50.3 million and $102.5 million at September 30, 2020 and December 31, 2019, respectively, of Agency mortgage-backed securities, $544.0 million and $468.0 million at September 30, 2020 and December 31, 2019, respectively, of non-Agency mortgage-backed securities and $392.6 million and $500.3 million at September 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.