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Segment Information - Origination Data (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
loan
Sep. 30, 2023
USD ($)
loan
Sep. 30, 2024
USD ($)
loan
Sep. 30, 2023
USD ($)
loan
Segment Information        
Total Loan Commitment Volume $ 1,056,490 $ 1,211,347 $ 3,090,446 $ 3,844,769
Structured Business        
Segment Information        
Total New Loan Originations 258,464 240,158 741,502 717,186
Loan Runoff 521,341 664,792 1,791,000 2,536,661
Structured Business | Bridge loan        
Segment Information        
Total New Loan Originations 253,564 232,379 679,789 702,062
SFR 421,070 429,452 1,109,947 683,984
Structured Business | Mezzanine loans        
Segment Information        
Total New Loan Originations 4,900 7,779 61,713 15,124
Structured Business | Multifamily | Bridge loan        
Segment Information        
Total New Loan Originations 14,500 92,000 73,385 376,630
SFR 47,000 0 47,000 0
Structured Business | SFR - Fixed Rate | Bridge loan        
Segment Information        
Total New Loan Originations $ 239,064 $ 140,379 $ 596,054 $ 325,432
Number of loans | loan 38 42 142 92
SFR $ 374,070 $ 429,452 $ 1,062,947 $ 683,984
Structured Business | Land | Bridge loan        
Segment Information        
Total New Loan Originations 0 0 10,350 0
Agency Business        
Segment Information        
Origination Volumes 1,096,639 1,149,849 3,092,153 3,664,149
Agency Business Loan Sales Data:        
Loan Sales $ 1,118,977 $ 1,275,420 $ 3,339,638 $ 3,618,843
Sales margin (fee-based services as a % of loan sales) 1.67% 1.46% 1.58% 1.54%
MSR rate (MSR income as a % of loan commitments) 1.25% 1.16% 1.23% 1.27%
Agency Business | SFR - Fixed Rate        
Segment Information        
Origination Volumes $ 0 $ 2,030 $ 27,314 $ 19,328
Agency Business Loan Sales Data:        
Loan Sales 0 8,759 27,314 22,931
Agency Business | Fannie Mae        
Segment Information        
Origination Volumes 616,211 721,398 1,817,364 2,596,329
Agency Business Loan Sales Data:        
Loan Sales 655,851 837,132 2,112,986 2,511,978
Agency Business | Freddie Mac        
Segment Information        
Origination Volumes 378,809 339,241 1,095,732 658,457
Agency Business Loan Sales Data:        
Loan Sales 356,300 337,507 1,018,900 581,306
Agency Business | Private Label        
Segment Information        
Origination Volumes 74,162 67,965 124,286 159,328
Agency Business Loan Sales Data:        
Loan Sales 74,162 67,965 124,286 300,713
Agency Business | FHA        
Segment Information        
Origination Volumes 27,457 19,215 27,457 230,707
Agency Business Loan Sales Data:        
Loan Sales $ 32,664 $ 24,057 $ 56,152 $ 201,915