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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 66,225,775 $ 31,576,238
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,541,991 3,129,410
Stock-based compensation 3,833,361 2,940,174
Amortization and accretion of interest and fees, net 3,296,464 2,539,980
Amortization of capitalized mortgage servicing rights 35,427,217 7,586,524
Originations of loans held-for-sale (3,287,578,091) (853,935,531)
Proceeds from sales of loans held-for-sale, net of gain on sale 3,621,276,437 975,969,372
Payoffs and paydowns of loans held-for-sale 116,174  
Mortgage servicing rights (56,181,638) (15,968,067)
Write-off of capitalized mortgage servicing rights from payoffs 10,713,274 1,669,081
Impairment loss on real estate owned 2,700,000 11,200,000
Provision for loan losses (net of recoveries) (455,653) (24,995)
Provision for loss sharing (net of recoveries) (405,494) 1,316,862
Net charge-offs for loss sharing obligations (1,843,596) (2,131,178)
Gain on extinguishment of debt (7,116,243)  
Gain on sale of real estate   (11,630,687)
Gain on sale of securities   (15,491)
Deferred tax provision 15,000  
Income from equity affiliates (1,755,145) (11,193,918)
Change in fair value of available-for-sale securities 343,642 46,021
Changes in operating assets and liabilities (6,252,023) 5,894,972
Net cash provided by operating activities 387,901,452 148,968,767
Investing Activities:    
Loans and investments funded, originated, net (1,051,445,805) (725,025,857)
Payoffs and paydowns of loans and investments 758,138,665 531,874,076
Internalization of management team (25,000,000)  
Deferred fees 7,213,824 7,412,018
Investments in real estate, net (562,025) (611,497)
Contributions to equity affiliates (692,536) (4,641,973)
Distributions from equity affiliates 2,340,710 731,942
Acquisition of the Agency Business, net of cash acquired   (68,356,323)
Proceeds from sale of real estate, net   49,029,780
Proceeds from sale of available-for-sale securities   1,567,207
Purchase of securities held-to-maturity, net (18,339,271)  
Payoffs and paydowns of securities held-to-maturity 76,300  
Due to borrowers and reserves (22,571,250) 128,492
Net cash used in investing activities (350,841,388) (207,892,135)
Financing activities:    
Proceeds from repurchase agreements, loan participations, credit facilities and notes payable 6,073,385,393 1,681,492,236
Payoffs and Paydowns of repurchase agreements, loan participations and credit facilities (6,417,833,725) (1,807,884,108)
Payoffs of junior subordinated notes to subsidiary trust issuing preferred securities (12,691,086)  
Paydowns and payoffs of mortgage note payable - real estate owned   (27,155,000)
Proceeds from collateralized loan obligations 561,874,000 250,250,000
Payoffs and paydowns of collateralized loan obligations (219,000,000)  
Proceeds from convertible senior unsecured notes 13,750,000  
Change in restricted cash (107,793,983) (123,982,753)
Receipts on swaps and returns of margin calls from counterparties 429,539 3,440,049
Distributions paid on common stock (30,888,612) (23,573,786)
Distributions paid on noncontrolling interest (11,252,307)  
Distributions paid on preferred stock (5,665,290) (5,665,290)
Distributions paid on preferred stock of private REIT (10,769) (10,849)
Payment of deferred financing costs (11,482,257) (5,081,844)
Proceeds from issuance of common stock 76,225,000  
Net cash used in financing activities (90,954,097) (58,171,345)
Net decrease in cash and cash equivalents (53,894,033) (117,094,713)
Cash and cash equivalents at beginning of period 138,645,430 188,708,687
Cash and cash equivalents at end of period 84,751,397 71,613,974
Supplemental cash flow information:    
Cash used to pay interest 53,150,362 36,287,261
Cash used to pay taxes 14,653,499 298,654
Supplemental schedule of non-cash investing and financing activities:    
Related party financing   50,000,000
Payment due on the acquisition of the Agency Business   11,416,610
Working capital adjustment on the acquisition of the Agency Business   7,982,584
Issuance of special voting preferred shares and operating partnership units in connection with the Acquisition   154,772,306
8.25% Series A preferred stock    
Supplemental schedule of non-cash investing and financing activities:    
Distributions accrued on preferred stock 266,664 266,664
7.75% Series B preferred stock    
Supplemental schedule of non-cash investing and financing activities:    
Distributions accrued on preferred stock 203,438 203,438
8.50% Series C preferred stock    
Supplemental schedule of non-cash investing and financing activities:    
Distributions accrued on preferred stock $ 159,375 159,375
Special voting preferred shares    
Supplemental schedule of non-cash investing and financing activities:    
Distributions accrued on preferred stock   $ 3,396,923