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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Interest income $ 235,047 $ 240,693
Interest expense 175,202 165,251
Net interest income 59,845 75,442
Other revenue:    
Gain on sales, including fee-based services, net 12,505 12,781
Mortgage servicing rights 9,660 8,131
Servicing revenue, net 25,740 25,603
Property operating income 8,060 4,387
(Loss) gain on derivative instruments, net (493) 3,400
Other income, net 2,074 4,419
Total other revenue 57,546 58,721
Other expenses:    
Employee compensation and benefits 47,684 46,036
Selling and administrative 16,953 16,312
Property operating expenses 11,964 3,474
Depreciation and amortization 7,104 3,744
Impairment loss on real estate owned 12,500 0
Provision for loss sharing, net 4,537 1,786
Provision for credit losses, net 5,816 9,075
Total other expenses 106,558 80,427
Income before extinguishment of debt, loss on real estate, income (loss) from equity affiliates and income taxes 10,833 53,736
Loss on extinguishment of debt 0 (2,319)
Loss on real estate (2,136) (2,810)
Income (loss) from equity affiliates 4,411 (1,634)
Provision for income taxes (2,085) (3,591)
Net income 11,023 43,382
Preferred stock dividends 10,342 10,342
Net income attributable to noncontrolling interest 52 2,602
Net income attributable to common stockholders $ 629 $ 30,438
Earnings per common share    
Basic earnings per common share (in dollars per share) $ 0.00 $ 0.16
Diluted earnings per common share (in dollars per share) $ 0.00 $ 0.16
Weighted average shares outstanding:    
Basic (in shares) 194,194,906 190,060,776
Diluted (in shares) 211,735,731 206,862,320
Dividends declared per common share (in dollars per share) $ 0.30 $ 0.43