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Segment Information - Schedule of Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets:        
Cash and cash equivalents $ 407,126 $ 482,875 $ 308,842 $ 503,803
Restricted cash 393,529 67,347 $ 40,563 $ 156,376
Loans and investments, net 11,835,381 11,934,248    
Loans held-for-sale, net 443,218 409,081    
Capitalized mortgage servicing rights, net 331,929 340,842    
Securities held-to-maturity, net 155,469 156,087    
Investments in equity affiliates 56,747 57,966    
Real estate owned, net 520,766 498,938    
Goodwill and other intangible assets 86,161 86,553    
Other assets and due from related party 462,159 460,966    
Total assets [1] 14,692,485 14,494,903    
Liabilities:        
Debt obligations 11,329,263 11,015,449    
Allowance for loss-sharing obligations 106,773 97,579    
Other liabilities and due to related parties 277,399 314,722    
Total liabilities [1] 11,713,435 11,427,750    
Structured Business        
Assets:        
Cash and cash equivalents 89,285 124,141    
Restricted cash 359,569 35,258    
Loans and investments, net 11,835,381 11,934,248    
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 56,747 57,966    
Real estate owned, net 520,766 498,938    
Goodwill and other intangible assets 12,500 12,500    
Other assets and due from related party 387,609 382,735    
Total assets 13,261,857 13,045,786    
Liabilities:        
Debt obligations 10,904,398 10,625,053    
Allowance for loss-sharing obligations 0 0    
Other liabilities and due to related parties 212,622 241,873    
Total liabilities 11,117,020 10,866,926    
Agency Business        
Assets:        
Cash and cash equivalents 317,841 358,734    
Restricted cash 33,960 32,089    
Loans and investments, net 0 0    
Loans held-for-sale, net 443,218 409,081    
Capitalized mortgage servicing rights, net 331,929 340,842    
Securities held-to-maturity, net 155,469 156,087    
Investments in equity affiliates 0 0    
Real estate owned, net 0 0    
Goodwill and other intangible assets 73,661 74,053    
Other assets and due from related party 74,550 78,231    
Total assets 1,430,628 1,449,117    
Liabilities:        
Debt obligations 424,865 390,396    
Allowance for loss-sharing obligations 106,773 97,579    
Other liabilities and due to related parties 64,777 72,849    
Total liabilities $ 596,415 $ 560,824    
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs,") as we are the primary beneficiary of these VIEs. At March 31, 2026 and December 31, 2025, assets of our consolidated VIEs totaled $5,170,870 and $4,662,021, respectively, and the liabilities of our consolidated VIEs totaled $3,941,156 and $3,477,848, respectively. See Note 15 for discussion of our VIEs.