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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearSummary
Compensation
Table Total
for CEO ($)
Compensation
Actually
Paid to
CEO ($)(1)
Average
Summary
Compensation
Table
Total for
Other
NEOs ($)
Average
Compensation
Actually
Paid to
Other
NEOs ($)(1)
Value of Initial Fixed $100 Investment Based on December 31, 2020
Net
Income ($)(4)
Distributable
Earnings ($)(5)
TSR ($)(2)
Peer Group
TSR ($)(3)
202511,785,559 6,177,179 2,951,284 2,737,102 94 114 157,828,828 223,568,258 
202412,057,878 11,965,183 2,608,742 2,613,291 149 98 283,918,655 358,019,878 
202312,399,811 23,823,989 2,751,405 3,318,842 144 98 400,556,657 452,478,707 
202210,574,016 8,150,510 2,071,700 2,484,249 111 85 353,827,809 405,695,825 
202113,439,509 29,011,520 1,985,752 2,219,060 139 116 377,806,794 313,728,736 
        
Company Selected Measure Name distributable earnings        
Peer Group Issuers, Footnote Represents the TSR of FTSE Nareit Mortgage REITs for each respective year for comparison purposes.        
PEO Total Compensation Amount $ 11,785,559 $ 12,057,878 $ 12,399,811 $ 10,574,016 $ 13,439,509
PEO Actually Paid Compensation Amount $ 6,177,179 11,965,183 23,823,989 8,150,510 29,011,520
Adjustment To PEO Compensation, Footnote The following adjustments were made to the Summary Compensation Table total to determine the CAP:
Year
A
Summary
Compensation Table
Total ($)(i)
B
Reported Value of
Equity
Awards ($)(ii)
C
Equity
Award
Adjustments ($)(iii)
A+B+C
Compensation
Actually
Paid ($)
CEO
202511,785,559 (5,259,152)(349,228)6,177,179 
202412,057,878 (4,801,071)4,708,376 11,965,183 
202312,399,811 (3,927,947)15,352,125 23,823,989 
202210,574,016 (2,851,081)427,575 8,150,510 
202113,439,509 (6,309,279)21,881,290 29,011,520 
Average of other NEOs
20252,951,284 (401,534)187,352 2,737,102 
20242,608,742 (519,036)523,585 2,613,291 
20232,751,405 (544,416)1,111,853 3,318,842 
20222,071,700 (375,319)787,868 2,484,249 
20211,985,752 (422,580)655,888 2,219,060 
____________________
(i)Reflects the amounts (or the average amounts for the non-CEO NEOs) reported in the “Total” column of the Summary Compensation Table for the covered years.
(ii)Reflects the grant date fair value of equity awards granted to the CEO (or the average amounts with regard to the non-CEO NEOs) as reported in the “Stock Awards” column in the Summary Compensation Table for the covered years.
(iii)The equity award adjustments for each covered year include the addition (or subtraction, as applicable) as set forth in the following table below. The fair values of equity awards were calculated using closing stock price as of the applicable valuation dates.
YearYear End
Fair Value
of Equity
Awards
Granted
During the
Year ($)		Year over
Year Change in
Fair Value of
Outstanding and
Unvested
Equity Awards ($)		Year over
Year Change in
Fair Value of
Equity Awards
Granted in Prior
Years that Vested
in the Year ($)		Value of
Dividends
Paid on
Unvested
Stock ($)		Total
Equity
Award
Adjustments ($)
CEO
20255,284,504 (6,438,974)(341,771)1,147,013 (349,228)
20245,046,842 (993,408)(718,539)1,373,481 4,708,376 
20238,456,019 1,075,293 4,339,732 1,481,081 15,352,125 
20225,765,982 (5,181,827)(1,585,597)1,429,017 427,575 
20219,899,175 6,400,764 4,273,431 1,307,920 21,881,290 
Average of other NEOs
2025406,246 (218,372)(45,789)45,267 187,352 
2024579,262 (45,675)(64,004)54,002 523,585 
20231,060,829 11,787 3,706 35,531 1,111,853 
2022782,668 (12,184)(9,226)26,610 787,868 
2021567,337 36,108 30,046 22,397 655,888 
        
Non-PEO NEO Average Total Compensation Amount $ 2,951,284 2,608,742 2,751,405 2,071,700 1,985,752
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,737,102 2,613,291 3,318,842 2,484,249 2,219,060
Adjustment to Non-PEO NEO Compensation Footnote The following adjustments were made to the Summary Compensation Table total to determine the CAP:
Year
A
Summary
Compensation Table
Total ($)(i)
B
Reported Value of
Equity
Awards ($)(ii)
C
Equity
Award
Adjustments ($)(iii)
A+B+C
Compensation
Actually
Paid ($)
CEO
202511,785,559 (5,259,152)(349,228)6,177,179 
202412,057,878 (4,801,071)4,708,376 11,965,183 
202312,399,811 (3,927,947)15,352,125 23,823,989 
202210,574,016 (2,851,081)427,575 8,150,510 
202113,439,509 (6,309,279)21,881,290 29,011,520 
Average of other NEOs
20252,951,284 (401,534)187,352 2,737,102 
20242,608,742 (519,036)523,585 2,613,291 
20232,751,405 (544,416)1,111,853 3,318,842 
20222,071,700 (375,319)787,868 2,484,249 
20211,985,752 (422,580)655,888 2,219,060 
____________________
(i)Reflects the amounts (or the average amounts for the non-CEO NEOs) reported in the “Total” column of the Summary Compensation Table for the covered years.
(ii)Reflects the grant date fair value of equity awards granted to the CEO (or the average amounts with regard to the non-CEO NEOs) as reported in the “Stock Awards” column in the Summary Compensation Table for the covered years.
(iii)The equity award adjustments for each covered year include the addition (or subtraction, as applicable) as set forth in the following table below. The fair values of equity awards were calculated using closing stock price as of the applicable valuation dates.
YearYear End
Fair Value
of Equity
Awards
Granted
During the
Year ($)		Year over
Year Change in
Fair Value of
Outstanding and
Unvested
Equity Awards ($)		Year over
Year Change in
Fair Value of
Equity Awards
Granted in Prior
Years that Vested
in the Year ($)		Value of
Dividends
Paid on
Unvested
Stock ($)		Total
Equity
Award
Adjustments ($)
CEO
20255,284,504 (6,438,974)(341,771)1,147,013 (349,228)
20245,046,842 (993,408)(718,539)1,373,481 4,708,376 
20238,456,019 1,075,293 4,339,732 1,481,081 15,352,125 
20225,765,982 (5,181,827)(1,585,597)1,429,017 427,575 
20219,899,175 6,400,764 4,273,431 1,307,920 21,881,290 
Average of other NEOs
2025406,246 (218,372)(45,789)45,267 187,352 
2024579,262 (45,675)(64,004)54,002 523,585 
20231,060,829 11,787 3,706 35,531 1,111,853 
2022782,668 (12,184)(9,226)26,610 787,868 
2021567,337 36,108 30,046 22,397 655,888 
        
Compensation Actually Paid vs. Total Shareholder Return
The following graphs compare the CAP of our CEO and the average CAP of the other NEOs to: (1) the Company’s cumulative TSR and the peer group TSR (which are also shown against each other in the same graphic); and (2) net income and distributable earnings over the five years presented.
48341
        
Compensation Actually Paid vs. Net Income 48343        
Compensation Actually Paid vs. Company Selected Measure 48343        
Total Shareholder Return Vs Peer Group
The following graphs compare the CAP of our CEO and the average CAP of the other NEOs to: (1) the Company’s cumulative TSR and the peer group TSR (which are also shown against each other in the same graphic); and (2) net income and distributable earnings over the five years presented.
48341
        
Total Shareholder Return Amount $ 94 149 144 111 139
Peer Group Total Shareholder Return Amount 114 98 98 85 116
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 157,828,828 $ 283,918,655 $ 400,556,657 $ 353,827,809 $ 377,806,794
Company Selected Measure Amount 223,568,258 358,019,878 452,478,707 405,695,825 313,728,736
Additional 402(v) Disclosure The TSR is calculated assuming $100 was invested on December 31, 2020, with reinvestment of dividends. Represents the net income as reported in the Company’s audited financial statements for each respective year.        
Measure:: 1          
Pay vs Performance Disclosure          
Non-GAAP Measure Description Represents the distributable earnings as reported in the Company’s audited financial statements for each respective year. We have determined that distributable earnings is the financial performance measure that, in our assessment, represents the most important performance measure used by us to tie NEO compensation to Company performance for 2025. We define distributable earnings as net income (loss) attributable to common stockholders computed in accordance with GAAP, adjusted for accounting items such as depreciation and amortization (adjusted for unconsolidated joint ventures), non-cash stock-based compensation expense, income from mortgage servicing rights ("MSRs"), amortization and write-offs of MSRs, gains/losses on derivative instruments primarily associated with Private Label loans not yet sold and securitized, changes in fair value of GSE-related derivatives that temporarily flow through earnings, deferred tax provision (benefit), CECL provisions for credit losses (adjusted for realized losses as described below), and gains/losses on the receipt of real estate from the settlement of loans (prior to the sale of the real estate). We also add back one-time charges such as acquisition costs and one-time gains/losses on the early extinguishment of debt and redemption of preferred stock. We reduce distributable earnings for realized losses in the period we determine that a loan is deemed nonrecoverable in whole or in part. Loans are deemed nonrecoverable upon the earlier of: (1) when the loan receivable is settled (i.e., when the loan is repaid, or in the case of foreclosure, when the underlying asset is sold); or (2) when we determine that it is nearly certain that all amounts due will not be collected. The realized loss amount is equal to the difference between the cash received, or expected to be received, and the book value of the asset.        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (5,259,152) $ (4,801,071) $ (3,927,947) $ (2,851,081) $ (6,309,279)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (349,228) 4,708,376 15,352,125 427,575 21,881,290
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,284,504 5,046,842 8,456,019 5,765,982 9,899,175
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,438,974) (993,408) 1,075,293 (5,181,827) 6,400,764
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (341,771) (718,539) 4,339,732 (1,585,597) 4,273,431
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,147,013 1,373,481 1,481,081 1,429,017 1,307,920
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (401,534) (519,036) (544,416) (375,319) (422,580)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 187,352 523,585 1,111,853 787,868 655,888
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 406,246 579,262 1,060,829 782,668 567,337
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (218,372) (45,675) 11,787 (12,184) 36,108
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (45,789) (64,004) 3,706 (9,226) 30,046
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 45,267 $ 54,002 $ 35,531 $ 26,610 $ 22,397