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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Interest income $ 240,693 $ 321,292
Interest expense 165,251 217,676
Net interest income 75,442 103,616
Other revenue:    
Gain on sales, including fee-based services, net 12,781 16,666
Mortgage servicing rights 8,131 10,199
Servicing revenue, net 25,603 31,526
Property operating income 4,387 1,570
Gain (loss) on derivative instruments, net 3,400 (5,257)
Other income, net 4,419 2,333
Total other revenue 58,721 57,037
Other expenses:    
Employee compensation and benefits 46,036 47,694
Selling and administrative 16,312 13,933
Property operating expenses 3,474 1,678
Depreciation and amortization 3,744 2,571
Provision for loss sharing (net of recoveries) 1,786 273
Provision for credit losses (net of recoveries) 9,075 19,118
Total other expenses 80,427 85,267
Income before extinguishment of debt, loss on real estate, (loss) income from equity affiliates and income taxes 53,736 75,386
Loss on extinguishment of debt (2,319) 0
Loss on real estate (2,810) 0
(Loss) income from equity affiliates (1,634) 1,418
Benefit from (provision for) income taxes (3,591) (3,592)
Net income 43,382 73,212
Preferred stock dividends 10,342 10,342
Net income attributable to noncontrolling interest 2,602 4,997
Net income attributable to common stockholders $ 30,438 $ 57,873
Earnings per common share    
Basic earnings per common share (in dollars per share) $ 0.16 $ 0.31
Diluted earnings per common share (in dollars per share) $ 0.16 $ 0.31
Weighted average shares outstanding:    
Basic (in shares) 190,060,776 188,710,390
Diluted (in shares) 206,862,320 222,926,076
Dividends declared per common share (in dollars per share) $ 0.43 $ 0.43