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Segment Information - Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets:        
Cash and cash equivalents $ 308,842 $ 503,803 $ 908,049 $ 928,974
Restricted cash 40,563 156,376 $ 546,643 $ 608,233
Loans and investments, net 11,215,625 11,033,997    
Loans held-for-sale, net 314,635 435,759    
Capitalized mortgage servicing rights, net 357,220 368,678    
Securities held-to-maturity, net 158,658 157,154    
Investments in equity affiliates 77,095 76,312    
Real estate owned, net 302,158 176,543    
Goodwill and other intangible assets 87,727 88,119    
Other assets and due from related party 504,826 494,240    
Total assets [1] 13,367,349 13,490,981    
Liabilities:        
Debt obligations 9,859,604 9,923,562    
Allowance for loss-sharing obligations 85,515 83,150    
Other liabilities and due to related parties 292,771 332,299    
Total liabilities [1] 10,237,890 10,339,011    
Structured Business | Operating segments        
Assets:        
Cash and cash equivalents 55,328 58,188    
Restricted cash 15,943 134,320    
Loans and investments, net 11,215,625 11,033,997    
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 77,095 76,312    
Real estate owned, net 302,158 176,543    
Goodwill and other intangible assets 12,500 12,500    
Other assets and due from related party 249,904 415,310    
Total assets 11,928,553 11,907,170    
Liabilities:        
Debt obligations 9,580,201 9,500,901    
Allowance for loss-sharing obligations 0 0    
Other liabilities and due to related parties 206,181 244,948    
Total liabilities 9,786,382 9,745,849    
Agency Business | Operating segments        
Assets:        
Cash and cash equivalents 253,514 445,615    
Restricted cash 24,620 22,056    
Loans and investments, net 0 0    
Loans held-for-sale, net 314,635 435,759    
Capitalized mortgage servicing rights, net 357,220 368,678    
Securities held-to-maturity, net 158,658 157,154    
Investments in equity affiliates 0 0    
Real estate owned, net 0 0    
Goodwill and other intangible assets 75,227 75,619    
Other assets and due from related party 254,922 78,930    
Total assets 1,438,796 1,583,811    
Liabilities:        
Debt obligations 279,403 422,661    
Allowance for loss-sharing obligations 85,515 83,150    
Other liabilities and due to related parties 86,590 87,351    
Total liabilities $ 451,508 $ 593,162    
[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 March 31, 2025 and December 31, 2024, assets of our consolidated VIEs totaled $4,439,674 and $6,124,925, respectively, and the liabilities of our consolidated VIEs totaled $3,297,014 and $4,637,744, respectively. See Note 15 for discussion of our VIEs