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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS        
Interest income $ 83,080 $ 82,171 $ 171,606 $ 153,448
Interest expense 41,302 48,284 91,284 90,149
Net interest income 41,778 33,887 80,322 63,299
Other revenue:        
Gain on sales, including fee-based services, net 26,366 14,211 40,671 30,600
Mortgage servicing rights 32,417 18,709 54,351 32,941
Servicing revenue, net 13,506 12,612 26,809 26,164
Property operating income 751 3,147 2,943 5,950
(Loss) gain on derivative instruments, net (7,368) 742 (58,099) (1,723)
Other income, net 1,049 651 2,351 989
Total other revenue 66,721 50,072 69,026 94,921
Other expenses:        
Employee compensation and benefits 34,438 29,022 68,690 60,786
Selling and administrative 8,606 10,481 19,658 20,242
Property operating expense 1,035 2,691 3,478 5,086
Depreciation and amortization 1,961 1,909 3,908 3,821
Impairment loss on real estate owned   1,000   1,000
Provision for loss sharing (net of recoveries) 2,395 368 23,932 822
Provision for credit losses (net of recoveries) 12,714   67,096  
Total other expenses 61,149 45,471 186,762 91,757
Income (loss) before extinguishment of debt, income from equity affiliates and income taxes 47,350 38,488 (37,414) 66,463
Loss on extinguishment of debt (1,592)   (3,546) (128)
Income from equity affiliates 20,408 3,264 24,401 5,415
(Provision for) benefit from income taxes (12,077) (4,350) 2,293 (4,341)
Net income (loss) 54,089 37,402 (14,266) 67,409
Preferred stock dividends 1,888 1,888 3,777 3,777
Net income (loss) attributable to noncontrolling interest 8,110 6,598 (2,824) 12,066
Net income (loss) attributable to common stockholders $ 44,091 $ 28,916 $ (15,219) $ 51,566
Basic earnings (loss) per common share (in dollars per share) $ 0.40 $ 0.32 $ (0.14) $ 0.59
Diluted earnings (loss) per common share (in dollars per share) $ 0.40 $ 0.31 $ (0.14) $ 0.57
Weighted average shares outstanding:        
Basic (in shares) 110,745,572 89,955,923 110,768,992 87,567,171
Diluted (in shares) 131,882,398 113,624,384 131,166,018 110,779,680
Dividends declared per common share (in dollars per share) $ 0.30 $ 0.28 $ 0.60 $ 0.55