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FAIR VALUE MEASUREMENTS - Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Loans      
Mortgage servicing rights $ 2,122,196 $ 1,748,209 $ 544,562
Liabilities      
Participations issued 1,103,835 800,849  
U.S. Treasury securities sold, not yet purchased 2,132,751 0  
Residential mortgage loans      
Loans      
Residential mortgage loans 15,660,706 10,931,744  
Fair Value, Measurements, Recurring      
Assets      
Agency mortgage-backed securities 66,308,788 62,274,895  
Credit risk transfer securities 974,059 997,557  
Loans      
Mortgage servicing rights 2,122,196 1,748,209  
Derivative assets      
Interest rate swaps 26,344 33,006  
Other derivatives 136,213 309,058  
Total assets 87,559,024 78,811,924  
Liabilities      
Debt issued by securitization vehicles 11,600,338 7,744,160  
Participations issued 1,103,835 800,849  
U.S. Treasury securities sold, not yet purchased 2,132,751    
Derivative liabilities      
Interest rate swaps 83,051 108,724  
Other derivatives 219,244 95,448  
Total liabilities 15,139,219 8,749,181  
Fair Value, Measurements, Recurring | Asset Transferred or Pledged      
Loans      
Assets transferred or pledged to securitization vehicles 13,307,622 9,121,912  
Fair Value, Measurements, Recurring | Non-Agency mortgage-backed securities      
Assets      
Mortgage-backed securities 2,108,274 1,991,146  
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities      
Assets      
Mortgage-backed securities 222,444 526,309  
Fair Value, Measurements, Recurring | Residential mortgage loans      
Loans      
Residential mortgage loans 2,353,084 1,809,832  
Fair Value, Measurements, Recurring | Level 1      
Assets      
Agency mortgage-backed securities 0 0  
Credit risk transfer securities 0 0  
Loans      
Mortgage servicing rights 0 0  
Derivative assets      
Interest rate swaps 0 0  
Other derivatives 0 33,179  
Total assets 0 33,179  
Liabilities      
Debt issued by securitization vehicles 0 0  
Participations issued 0 0  
U.S. Treasury securities sold, not yet purchased 2,132,751    
Derivative liabilities      
Interest rate swaps 0 0  
Other derivatives 179,835 11,919  
Total liabilities 2,312,586 11,919  
Fair Value, Measurements, Recurring | Level 1 | Asset Transferred or Pledged      
Loans      
Assets transferred or pledged to securitization vehicles 0 0  
Fair Value, Measurements, Recurring | Level 1 | Non-Agency mortgage-backed securities      
Assets      
Mortgage-backed securities 0 0  
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities      
Assets      
Mortgage-backed securities 0 0  
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage loans      
Loans      
Residential mortgage loans 0 0  
Fair Value, Measurements, Recurring | Level 2      
Assets      
Agency mortgage-backed securities 66,308,788 62,274,895  
Credit risk transfer securities 974,059 997,557  
Loans      
Mortgage servicing rights 0 0  
Derivative assets      
Interest rate swaps 26,344 33,006  
Other derivatives 136,213 275,879  
Total assets 85,436,828 77,030,536  
Liabilities      
Debt issued by securitization vehicles 11,600,338 7,744,160  
Participations issued 1,103,835 800,849  
U.S. Treasury securities sold, not yet purchased 0    
Derivative liabilities      
Interest rate swaps 83,051 108,724  
Other derivatives 39,409 83,529  
Total liabilities 12,826,633 8,737,262  
Fair Value, Measurements, Recurring | Level 2 | Asset Transferred or Pledged      
Loans      
Assets transferred or pledged to securitization vehicles 13,307,622 9,121,912  
Fair Value, Measurements, Recurring | Level 2 | Non-Agency mortgage-backed securities      
Assets      
Mortgage-backed securities 2,108,274 1,991,146  
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities      
Assets      
Mortgage-backed securities 222,444 526,309  
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage loans      
Loans      
Residential mortgage loans 2,353,084 1,809,832  
Fair Value, Measurements, Recurring | Level 3      
Assets      
Agency mortgage-backed securities 0 0  
Credit risk transfer securities 0 0  
Loans      
Mortgage servicing rights 2,122,196 1,748,209  
Derivative assets      
Interest rate swaps 0 0  
Other derivatives 0 0  
Total assets 2,122,196 1,748,209  
Liabilities      
Debt issued by securitization vehicles 0 0  
Participations issued 0 0  
U.S. Treasury securities sold, not yet purchased 0    
Derivative liabilities      
Interest rate swaps 0 0  
Other derivatives 0 0  
Total liabilities 0 0  
Fair Value, Measurements, Recurring | Level 3 | Asset Transferred or Pledged      
Loans      
Assets transferred or pledged to securitization vehicles 0 0  
Fair Value, Measurements, Recurring | Level 3 | Non-Agency mortgage-backed securities      
Assets      
Mortgage-backed securities 0 0  
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities      
Assets      
Mortgage-backed securities 0 0  
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage loans      
Loans      
Residential mortgage loans $ 0 $ 0