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v3.25.1

FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 USD ($) | Mar. 31, 2024 USD ($) | Dec. 31, 2024 USD ($)
Schedule of Equity Method Investments [Line Items] |  |  |
Carrying value of commercial real estate held within unconsolidated VIEs | $ 933,975 |  | $ 830,891
Alternative investment | 21,300 |  | 23,800
Fair Value, Measurements, Nonrecurring |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Assets, fair value | 81,500 |  | 87,600
CLOs |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Unsecured notes, net of issuance costs | 731,400 |  | 735,900
Residential Mortgage Loans Held-for-Sale | Fair Value, Measurements, Nonrecurring |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Assets, fair value | 64,200 |  | 66,700
Real Estate Owned |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Assets, fair value adjustment | 300 | $ 300 |
Real Estate Owned | Fair Value, Measurements, Nonrecurring |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Assets, fair value | 17,300 |  | 20,900
Residential mortgage loans, held-for-sale, at fair value |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Assets, fair value adjustment | 500 | $ 200 |
Secured Notes and Bonds Payable: | CLOs |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Unsecured notes, net of issuance costs | 731,400 |  |
Secured Notes and Bonds Payable: | Sculptor |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Unsecured notes, net of issuance costs | $ 224,000 |  | $ 224,100
Discount Rate |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Alternative investment, measurement input | 0.113 |  | 0.118
Variable Interest Entity, Not Primary Beneficiary |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Carrying value of commercial real estate held within unconsolidated VIEs | $ 194,378 |  | $ 194,410
Variable Interest Entity, Not Primary Beneficiary | Credit Risk Transfer LLC |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Ownership percentage by parent | 70.00% |  |
Maturity Greater than 30 Days |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Days delinquent (in days) | 30 days |  |
Weighted Average |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Broker price discount | 22.40% |  |
Weighted Average | Excess MSRs |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Discount rate | 8.40% |  | 8.40%
Minimum |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Recapture rate, term (in months) | 3 months |  |
Broker price discount | 10.00% |  |
Minimum | Excess MSRs |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Discount rate | 8.10% |  | 8.10%
Maximum |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Recapture rate, term (in months) | 6 months |  |
Broker price discount | 25.00% |  |
Maximum | Excess MSRs |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Discount rate | 9.00% |  | 9.00%
MSRs And MSR Financing Receivables |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Variable interest rate spread | 0.95% |  | 0.95%
Mortgage Servicing Rights | Weighted Average |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Discount rate | 8.90% |  | 8.90%
Mortgage Servicing Rights | Minimum |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Discount rate | 8.80% |  | 8.70%
Mortgage Servicing Rights | Maximum |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Discount rate | 10.30% |  | 10.30%
Residential Transition Loans | Non-performing loans |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Mortgage loans, held for investment, fair value | $ 54,300 |  | $ 55,200
Collateral | $ 47,400 |  | $ 49,300

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