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Segment Information - Origination Data (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
loan
Segment Reporting Information [Line Items]      
Total Loan Commitment Volume $ 4,443,972 $ 5,207,148 $ 5,146,718
Agency Business Loan Sales Data:      
(Loss) gain on derivative instruments, net (8,543) 6,763 26,609
Structured Business      
Segment Reporting Information [Line Items]      
Total New Loan Originations 1,425,799 983,343 6,151,647
Loan runoff 2,691,583 3,354,055 3,818,554
Structured Business | Bridge      
Segment Reporting Information [Line Items]      
Total New Loan Originations 1,324,126 939,390 6,082,041
Commitments: 1,539,841 1,150,687 1,086,833
Structured Business | Mezzanine loans      
Segment Reporting Information [Line Items]      
Total New Loan Originations 97,305 43,953 69,606
Structured Business | Multifamily      
Segment Reporting Information [Line Items]      
Total New Loan Originations 4,368 0 0
Structured Business | Multifamily | Bridge      
Segment Reporting Information [Line Items]      
Total New Loan Originations 444,635 415,330 5,468,222
Commitments: 101,000 0 0
Structured Business | SFR - Fixed Rate | Bridge      
Segment Reporting Information [Line Items]      
Total New Loan Originations $ 869,141 $ 524,060 $ 613,819
Number of Loans Originated | loan 170 150 318
Commitments: $ 1,438,841 $ 1,150,687 $ 1,086,833
Structured Business | Land | Bridge      
Segment Reporting Information [Line Items]      
Total New Loan Originations 10,350 0 0
Agency Business      
Segment Reporting Information [Line Items]      
Origination Volumes 4,470,773 5,106,820 4,768,186
Agency Business Loan Sales Data:      
Loan Sales $ 4,609,686 $ 4,889,199 $ 5,438,623
Sales margin (fee-based services as a % of loan sales) 1.63% 1.48% 1.34%
MSR Rate (MSR income as a % of loan commitments) 1.15% 1.34% 1.35%
Agency Business | SFR - Fixed Rate      
Segment Reporting Information [Line Items]      
Origination Volumes $ 27,314 $ 19,328 $ 89,683
Agency Business Loan Sales Data:      
Loan Sales 27,314 22,931 86,071
Agency Business | Fannie Mae      
Segment Reporting Information [Line Items]      
Origination Volumes 2,374,040 3,773,532 2,919,566
Agency Business Loan Sales Data:      
Loan Sales 2,680,018 3,469,340 3,139,414
Agency Business | Freddie Mac      
Segment Reporting Information [Line Items]      
Origination Volumes 1,770,976 756,827 1,353,001
Agency Business Loan Sales Data:      
Loan Sales 1,662,010 715,530 1,456,595
Agency Business | Private Label      
Segment Reporting Information [Line Items]      
Origination Volumes 151,936 299,934 217,542
Agency Business Loan Sales Data:      
Loan Sales 124,286 441,319 515,086
(Loss) gain on derivative instruments, net     17,100
Agency Business | FHA      
Segment Reporting Information [Line Items]      
Origination Volumes 146,507 257,199 188,394
Agency Business Loan Sales Data:      
Loan Sales $ 116,058 $ 240,079 $ 241,457