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Segment Information - Statements of Income (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
segment
Sep. 30, 2022
USD ($)
segment
Sep. 30, 2023
USD ($)
segment
Sep. 30, 2022
USD ($)
segment
Segment Information        
Interest income $ 336,474 $ 259,778 $ 1,000,159 $ 627,804
Interest expense 229,180 160,452 675,749 350,079
Net interest income 107,294 99,326 324,410 277,725
Other revenue:        
Gain on sales, including fee-based services, net 18,619 14,360 55,795 32,526
Mortgage servicing rights 14,109 19,408 48,769 52,287
Servicing revenue 51,363 37,526 144,296 109,045
Amortization of MSRs (15,900) (14,782) (46,920) (44,532)
Property operating income 1,450 445 4,261 1,031
Gain (loss) on derivative instruments, net (421) (15,909) (3,582) 10,083
Other income (loss), net 173 (6,014) 5,099 (16,061)
Total other revenue 69,393 35,034 207,718 144,379
Other expenses:        
Employee compensation and benefits 39,810 38,811 123,518 119,736
Selling and administrative 12,367 13,225 38,574 40,960
Property operating expenses 1,479 366 4,227 1,443
Depreciation and amortization 2,286 2,078 7,297 6,092
Provision for loss sharing (net of recoveries) 1,679 412 12,528 (2,199)
Provision for credit losses (net of recoveries) 18,652 2,274 55,047 9,700
Total other expenses 76,273 57,166 241,191 175,732
Income before extinguishment of debt, income from equity affiliates and income taxes 100,414 77,194 290,937 246,372
Loss on extinguishment of debt (314) (3,262) (1,561) (4,612)
Income from equity affiliates 809 4,748 20,694 18,507
(Provision for) benefit from income taxes (5,854) 374 (19,436) (13,166)
Net income 95,055 79,054 290,634 247,101
Preferred stock dividends 10,342 10,342 31,027 30,612
Net income attributable to noncontrolling interest 6,789 6,002 21,200 19,811
Net income attributable to common stockholders $ 77,924 $ 62,710 $ 238,407 $ 196,678
Reporting segments | segment 2 2 2 2
Operating segments | Structured Business        
Segment Information        
Interest income $ 322,819 $ 249,539 $ 962,301 $ 597,847
Interest expense 222,996 157,325 658,856 338,692
Net interest income 99,823 92,214 303,445 259,155
Other revenue:        
Gain on sales, including fee-based services, net 0 0 0 0
Mortgage servicing rights 0 0 0 0
Servicing revenue 0 0 0 0
Amortization of MSRs 0 0 0 0
Property operating income 1,450 445 4,261 1,031
Gain (loss) on derivative instruments, net 0 0 0 0
Other income (loss), net 751 1,763 3,420 (4,370)
Total other revenue 2,201 2,208 7,681 (3,339)
Other expenses:        
Employee compensation and benefits 12,912 13,342 41,991 42,694
Selling and administrative 5,291 5,961 17,835 19,799
Property operating expenses 1,479 366 4,227 1,443
Depreciation and amortization 1,114 906 3,779 2,574
Provision for loss sharing (net of recoveries) 0 0 0 0
Provision for credit losses (net of recoveries) 17,243 2,206 52,257 9,363
Total other expenses 38,039 22,781 120,089 75,873
Income before extinguishment of debt, income from equity affiliates and income taxes 63,985 71,641 191,037 179,943
Loss on extinguishment of debt (314) (3,262) (1,561) (4,612)
Income from equity affiliates 809 4,748 20,694 18,507
(Provision for) benefit from income taxes 1,078 319 307 (1,368)
Net income 65,558 73,446 210,477 192,470
Preferred stock dividends 10,342 10,342 31,027 30,612
Net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to common stockholders 55,216 63,104 179,450 161,858
Operating segments | Agency Business        
Segment Information        
Interest income 13,655 10,239 37,858 29,957
Interest expense 6,184 3,127 16,893 11,387
Net interest income 7,471 7,112 20,965 18,570
Other revenue:        
Gain on sales, including fee-based services, net 18,619 14,360 55,795 32,526
Mortgage servicing rights 14,109 19,408 48,769 52,287
Servicing revenue 51,363 37,526 144,296 109,045
Amortization of MSRs (15,900) (14,782) (46,920) (44,532)
Property operating income 0 0 0 0
Gain (loss) on derivative instruments, net (421) (15,909) (3,582) 10,083
Other income (loss), net (578) (7,777) 1,679 (11,691)
Total other revenue 67,192 32,826 200,037 147,718
Other expenses:        
Employee compensation and benefits 26,898 25,469 81,527 77,042
Selling and administrative 7,076 7,264 20,739 21,161
Property operating expenses 0 0 0 0
Depreciation and amortization 1,172 1,172 3,518 3,518
Provision for loss sharing (net of recoveries) 1,679 412 12,528 (2,199)
Provision for credit losses (net of recoveries) 1,409 68 2,790 337
Total other expenses 38,234 34,385 121,102 99,859
Income before extinguishment of debt, income from equity affiliates and income taxes 36,429 5,553 99,900 66,429
Loss on extinguishment of debt 0 0 0 0
Income from equity affiliates 0 0 0 0
(Provision for) benefit from income taxes (6,932) 55 (19,743) (11,798)
Net income 29,497 5,608 80,157 54,631
Preferred stock dividends 0 0 0 0
Net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to common stockholders 29,497 5,608 80,157 54,631
Other/Eliminations        
Other expenses:        
Net income attributable to noncontrolling interest 6,789 6,002 21,200 19,811
Net income attributable to common stockholders $ (6,789) $ (6,002) $ (21,200) $ (19,811)