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Segment Information - Statements of Income (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
segment
Segment Information        
Interest income $ 297,188 $ 335,737 $ 618,480 $ 663,685
Interest expense 209,227 227,195 426,903 446,569
Net interest income 87,961 108,542 191,577 217,116
Other revenue:        
Gain on sales, including fee-based services, net 17,448 22,587 34,114 37,176
Mortgage servicing rights 14,534 16,201 24,733 34,659
Servicing revenue 46,797 47,952 94,954 92,933
Amortization of MSRs (16,887) (15,605) (33,518) (31,020)
Property operating income 1,444 1,430 3,014 2,811
Loss on derivative instruments, net (275) (7,384) (5,533) (3,161)
Other income, net 2,081 45 4,414 4,923
Total other revenue 65,142 65,226 122,178 138,321
Other expenses:        
Employee compensation and benefits 42,836 41,310 90,529 83,708
Selling and administrative 12,823 12,584 26,756 26,207
Property operating expenses 1,584 1,365 3,262 2,747
Depreciation and amortization 2,423 2,387 4,994 5,011
Provision for loss sharing (net of recoveries) 4,333 7,672 4,607 10,848
Provision for credit losses (net of recoveries) 29,564 13,878 48,682 36,395
Total other expenses 93,563 79,196 178,830 164,916
Income before extinguishment of debt, sale of real estate, income from equity affiliates and income taxes 59,540 94,572 134,925 190,521
Loss on extinguishment of debt (412) (1,247) (412) (1,247)
Gain on sale of real estate 3,813 0 3,813 0
Income from equity affiliates 2,793 5,560 4,211 19,886
Benefit from (provision for) income taxes (3,901) (5,553) (7,493) (13,582)
Net income 61,833 93,332 135,044 195,578
Preferred stock dividends 10,342 10,342 20,684 20,684
Net income attributable to noncontrolling interest 4,094 6,826 9,090 14,411
Net income attributable to common stockholders 47,397 76,164 105,270 $ 160,483
Reporting segments | segment       2
Operating segments | Structured Business        
Segment Information        
Interest income 282,077 322,105 589,965 $ 639,481
Interest expense 203,062 220,966 415,661 435,860
Net interest income 79,015 101,139 174,304 203,621
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 1,444 1,430 3,014 2,811
Loss on derivative instruments, net 0 0 0 0
Other income, net 1,975 760 4,275 2,667
Total other revenue 3,419 2,190 7,289 5,478
Other expenses:        
Employee compensation and benefits 15,805 13,438 34,352 29,079
Selling and administrative 5,828 5,833 12,624 12,544
Property operating expenses 1,584 1,365 3,262 2,747
Depreciation and amortization 1,250 1,214 2,648 2,665
Provision for loss sharing (net of recoveries) 0 0 0 0
Provision for credit losses (net of recoveries) 28,030 14,369 45,806 35,014
Total other expenses 52,497 36,219 98,692 82,049
Income before extinguishment of debt, sale of real estate, income from equity affiliates and income taxes 29,937 67,110 82,901 127,050
Loss on extinguishment of debt (412) (1,247) (412) (1,247)
Gain on sale of real estate 3,813   3,813  
Income from equity affiliates 2,793 5,560 4,211 19,886
Benefit from (provision for) income taxes 865 (1,200) 784 (771)
Net income 36,996 70,223 91,297 144,918
Preferred stock dividends 10,342 10,342 20,684 20,684
Net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to common stockholders 26,654 59,881 70,613 124,234
Operating segments | Agency Business        
Segment Information        
Interest income 15,111 13,632 28,515 24,204
Interest expense 6,165 6,229 11,242 10,709
Net interest income 8,946 7,403 17,273 13,495
Other revenue:        
Gain on sales, including fee-based services, net 17,448 22,587 34,114 37,176
Mortgage servicing rights 14,534 16,201 24,733 34,659
Servicing revenue 46,797 47,952 94,954 92,933
Amortization of MSRs (16,887) (15,605) (33,518) (31,020)
Property operating income 0 0 0 0
Loss on derivative instruments, net (275) (7,384) (5,533) (3,161)
Other income, net 106 (715) 139 2,256
Total other revenue 61,723 63,036 114,889 132,843
Other expenses:        
Employee compensation and benefits 27,031 27,872 56,177 54,629
Selling and administrative 6,995 6,751 14,132 13,663
Property operating expenses 0 0 0 0
Depreciation and amortization 1,173 1,173 2,346 2,346
Provision for loss sharing (net of recoveries) 4,333 7,672 4,607 10,848
Provision for credit losses (net of recoveries) 1,534 (491) 2,876 1,381
Total other expenses 41,066 42,977 80,138 82,867
Income before extinguishment of debt, sale of real estate, income from equity affiliates and income taxes 29,603 27,462 52,024 63,471
Loss on extinguishment of debt 0 0 0 0
Gain on sale of real estate 0   0  
Income from equity affiliates 0 0 0 0
Benefit from (provision for) income taxes (4,766) (4,353) (8,277) (12,811)
Net income 24,837 23,109 43,747 50,660
Preferred stock dividends 0 0 0 0
Net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to common stockholders 24,837 23,109 43,747 50,660
Other/Eliminations        
Other expenses:        
Net income attributable to noncontrolling interest 4,094 6,826 9,090 14,411
Net income attributable to common stockholders $ (4,094) $ (6,826) $ (9,090) $ (14,411)