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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
Interest income $ 105,148 $ 83,080 $ 196,292 $ 171,606
Interest expense 46,378 41,302 88,562 91,284
Net interest income 58,770 41,778 107,730 80,322
Other revenue:        
Gain on sales, including fee-based services, net 40,901 26,366 69,768 40,671
Mortgage servicing rights 26,299 32,417 63,235 54,351
Servicing revenue, net 15,315 13,506 30,850 26,809
Property operating income   751   2,943
Loss on derivative instruments, net (2,607) (7,368) (5,828) (58,099)
Other income, net 1,263 1,049 1,943 2,351
Total other revenue 81,171 66,721 159,968 69,026
Other expenses:        
Employee compensation and benefits 43,700 34,438 86,674 68,690
Selling and administrative 11,133 8,606 21,947 19,658
Property operating expenses 129 1,035 272 3,478
Depreciation and amortization 1,788 1,961 3,543 3,908
Provision for loss sharing (net of recoveries) 549 2,395 2,201 23,932
Provision for credit losses (net of recoveries) (7,815) 12,714 (8,890) 67,096
Total other expenses 49,484 61,149 105,747 186,762
Income (loss) before extinguishment of debt, sale of real estate, income from equity affiliates and income taxes 90,457 47,350 161,951 (37,414)
Loss on extinguishment of debt   (1,592) (1,370) (3,546)
Gain on sale of real estate     1,228  
Income from equity affiliates 4,759 20,408 27,010 24,401
(Provision for) benefit from income taxes (10,959) (12,077) (23,451) 2,293
Net income (loss) 84,257 54,089 165,368 (14,266)
Preferred stock dividends 6,414 1,888 8,303 3,777
Net income (loss) attributable to noncontrolling interest 8,717 8,110 18,459 (2,824)
Net income (loss) attributable to common stockholders $ 69,126 $ 44,091 $ 138,606 $ (15,219)
Basic earnings (loss) per common share $ 0.51 $ 0.40 $ 1.06 $ (0.14)
Diluted earnings (loss) per common share $ 0.51 $ 0.40 $ 1.06 $ (0.14)
Weighted average shares outstanding:        
Basic 135,262,197 110,745,572 130,276,499 110,768,992
Diluted 153,616,591 131,882,398 148,818,030 131,166,018
Dividends declared per common share (in dollars per share) $ 0.34 $ 0.30 $ 0.67 $ 0.60