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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF INCOME      
Interest income $ 315,940 $ 251,768 $ 156,177
Interest expense 186,399 153,818 90,072
Net interest income 129,541 97,950 66,105
Other revenue:      
Gain on sales, including fee-based services, net 65,652 70,002 72,799
Mortgage servicing rights 90,761 98,839 76,820
Servicing revenue, net 54,542 46,034 29,210
Property operating income 9,674 10,095 10,973
Other income, net (784) 8,161 685
Total other revenue 219,845 233,131 190,487
Other expenses:      
Employee compensation and benefits 122,102 110,470 92,126
Selling and administrative 40,329 37,074 30,738
Property operating expenses 10,220 10,431 10,482
Depreciation and amortization 7,510 7,453 7,385
Impairment loss on real estate owned 1,000 2,000 3,200
Provision for loss sharing (net of recoveries) 1,147 3,843 (259)
Provision for loan losses (net of recoveries)   8,353 (456)
Litigation settlement gain   (10,170)  
Management fee - related party     6,673
Total other expenses 182,308 169,454 149,889
Income before extinguishment of debt, income from equity affiliates and income taxes 167,078 161,627 106,703
(Loss) gain on extinguishment of debt (7,439) (5,041) 7,116
Income (loss) from equity affiliates 10,635 1,196 (2,951)
Provision for income taxes (15,036) (9,731) (13,359)
Net income 155,238 148,051 97,509
Preferred stock dividends 7,554 7,554 7,554
Net income attributable to noncontrolling interest 26,610 32,185 24,120
Net income attributable to common stockholders $ 121,074 $ 108,312 $ 65,835
Basic earnings per common share (in dollars per share) $ 1.30 $ 1.54 $ 1.14
Diluted earnings per common share (in dollars per share) $ 1.27 $ 1.50 $ 1.12
Weighted average shares outstanding:      
Basic (in shares) 92,851,327 70,208,165 57,890,574
Diluted (in shares) 116,192,951 93,642,168 80,311,252