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Segment Information - Financial Information by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Segment Reporting Information [Line Items]    
Interest income $ 128,305 $ 198,081
Interest expense (102,552) (146,671)
Net Interest Income 25,753 51,410
Non-interest Income (Loss)    
Mortgage banking activities, net 82,607 (28,902)
Investment fair value changes, net 45,087 (870,832)
Other income, net 3,843 2,928
Realized gains, net 2,716 3,852
Total non-interest income (loss), net 134,253 (892,954)
General and administrative expenses (43,551) (28,682)
Loan acquisition costs (3,559) (3,986)
Other expenses (4,096) (91,415)
Provision for income taxes (11,543) 22,229
Net Income (Loss) 97,257 (943,398)
Non-cash amortization (expense) income, net (6,230) (4,497)
Other significant non-cash expense: goodwill impairment 0 (88,675)
Operating Segments | Residential Lending    
Segment Reporting Information [Line Items]    
Interest income 27,548 60,631
Interest expense (19,037) (37,562)
Net Interest Income 8,511 23,069
Non-interest Income (Loss)    
Mortgage banking activities, net 61,435 (23,081)
Investment fair value changes, net 2,746 (196,635)
Other income, net 2,853 (497)
Realized gains, net 2,408 1,796
Total non-interest income (loss), net 69,442 (218,417)
General and administrative expenses (13,757) (4,599)
Loan acquisition costs (1,416) (1,033)
Other expenses (6) 0
Provision for income taxes (9,979) 5,330
Net Income (Loss) 52,795 (195,650)
Non-cash amortization (expense) income, net 1,666 367
Other significant non-cash expense: goodwill impairment   0
Operating Segments | Business Purpose Lending    
Segment Reporting Information [Line Items]    
Interest income 64,405 53,060
Interest expense (50,075) (32,353)
Net Interest Income 14,330 20,707
Non-interest Income (Loss)    
Mortgage banking activities, net 21,172 (5,821)
Investment fair value changes, net 3,299 (142,130)
Other income, net 843 2,184
Realized gains, net 108 0
Total non-interest income (loss), net 25,422 (145,767)
General and administrative expenses (11,159) (11,640)
Loan acquisition costs (2,052) (2,693)
Other expenses (3,777) (92,985)
Provision for income taxes (1,321) 6,582
Net Income (Loss) 21,443 (225,796)
Non-cash amortization (expense) income, net (5,857) (5,363)
Other significant non-cash expense: goodwill impairment   (88,675)
Operating Segments | Third-Party Investments    
Segment Reporting Information [Line Items]    
Interest income 34,990 81,196
Interest expense (23,179) (62,501)
Net Interest Income 11,811 18,695
Non-interest Income (Loss)    
Mortgage banking activities, net 0 0
Investment fair value changes, net 39,716 (531,558)
Other income, net 0 1,241
Realized gains, net 200 2,056
Total non-interest income (loss), net 39,916 (528,261)
General and administrative expenses (1,131) (1,535)
Loan acquisition costs (87) (253)
Other expenses (330) 1,882
Provision for income taxes (243) 10,317
Net Income (Loss) 49,936 (499,155)
Non-cash amortization (expense) income, net (144) 866
Other significant non-cash expense: goodwill impairment   0
Corporate/ Other    
Segment Reporting Information [Line Items]    
Interest income 1,362 3,194
Interest expense (10,261) (14,255)
Net Interest Income (8,899) (11,061)
Non-interest Income (Loss)    
Mortgage banking activities, net 0 0
Investment fair value changes, net (674) (509)
Other income, net 147 0
Realized gains, net 0 0
Total non-interest income (loss), net (527) (509)
General and administrative expenses (17,504) (10,908)
Loan acquisition costs (4) (7)
Other expenses 17 (312)
Provision for income taxes 0 0
Net Income (Loss) (26,917) (22,797)
Non-cash amortization (expense) income, net $ (1,895) (367)
Other significant non-cash expense: goodwill impairment   $ 0