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Segment Information - Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Assets:        
Cash and cash equivalents $ 503,803 $ 928,974 $ 534,357 $ 404,580
Restricted cash 156,376 608,233 713,808 486,690
Loans and investments, net 11,033,997 12,377,806 $ 14,254,674 $ 11,981,048
Loans held-for-sale, net 435,759 551,707    
Capitalized mortgage servicing rights, net 368,678 391,254    
Securities held-to-maturity, net 157,154 155,279    
Investments in equity affiliates 76,312 79,303    
Real estate owned, net 176,543 86,991    
Goodwill and other intangible assets 88,119 91,378    
Other assets and due from related party 494,240 467,711    
Total assets [1] 13,490,981 15,738,636    
Liabilities:        
Debt obligations 9,923,562 11,933,819    
Allowance for loss-sharing obligations 83,150 71,634    
Other liabilities and due to related parties 332,299 478,578    
Total liabilities [1] 10,339,011 12,484,031    
Structured Business | Operating segments        
Assets:        
Cash and cash equivalents 58,188 619,487    
Restricted cash 134,320 595,342    
Loans and investments, net 11,033,997 12,377,806    
Loans held-for-sale, net 0 0    
Capitalized mortgage servicing rights, net 0 0    
Securities held-to-maturity, net 0 0    
Investments in equity affiliates 76,312 79,303    
Real estate owned, net 176,543 86,991    
Goodwill and other intangible assets 12,500 12,500    
Other assets and due from related party 415,310 366,082    
Total assets 11,907,170 14,137,511    
Liabilities:        
Debt obligations 9,500,901 11,520,492    
Allowance for loss-sharing obligations 0 0    
Other liabilities and due to related parties 244,948 369,588    
Total liabilities 9,745,849 11,890,080    
Agency Business | Operating segments        
Assets:        
Cash and cash equivalents 445,615 309,487    
Restricted cash 22,056 12,891    
Loans and investments, net 0 0    
Loans held-for-sale, net 435,759 551,707    
Capitalized mortgage servicing rights, net 368,678 391,254    
Securities held-to-maturity, net 157,154 155,279    
Investments in equity affiliates 0 0    
Real estate owned, net 0 0    
Goodwill and other intangible assets 75,619 78,878    
Other assets and due from related party 78,930 101,629    
Total assets 1,583,811 1,601,125    
Liabilities:        
Debt obligations 422,661 413,327    
Allowance for loss-sharing obligations 83,150 71,634    
Other liabilities and due to related parties 87,351 108,990    
Total liabilities $ 593,162 $ 593,951    
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At December 31, 2024 and 2023, assets of our consolidated VIEs totaled $6,124,925 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $4,637,744 and $6,967,877, respectively. See Note 16 for discussion of our VIEs.