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Segment Information - Financial Information by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Segment Reporting Information [Line Items]        
Interest income $ 138,695 $ 129,946 $ 267,000 $ 328,027
Interest expense (108,065) (102,666) (210,617) (249,337)
Net Interest Income 30,630 27,280 56,383 78,690
Non-interest Income (Loss)        
Mortgage banking activities, net 54,419 (5,982) 137,026 (34,884)
Investment fair value changes, net 49,480 152,228 94,567 (718,604)
Other income, net 2,126 1,165 5,969 4,093
Realized gains, net 8,384 25,965 11,100 29,817
Total non-interest income (loss), net 114,409 173,376 248,662 (719,578)
General and administrative expenses (40,594) (28,520) (84,145) (57,202)
Loan acquisition costs (3,748) (1,572) (7,307) (5,558)
Other expenses (3,985) (5,083) (8,081) (96,498)
Provision for income taxes (6,687) (37) (18,230) 22,192
Net Income (Loss) 90,025 165,444 187,282 (777,954)
Non-cash amortization (expense) income, net (6,015) (8,963) (12,245) (13,044)
Other significant non-cash expense: goodwill impairment 0 0 0 (88,675)
Operating Segments | Residential Lending        
Segment Reporting Information [Line Items]        
Interest income 33,033 36,653 60,581 97,284
Interest expense (21,056) (28,762) (40,093) (66,324)
Net Interest Income 11,977 7,891 20,488 30,960
Non-interest Income (Loss)        
Mortgage banking activities, net 21,265 (8,005) 82,700 (31,086)
Investment fair value changes, net 3,927 35,085 6,673 (161,550)
Other income, net 839 230 3,692 (267)
Realized gains, net 6,687 205 9,095 2,001
Total non-interest income (loss), net 32,718 27,515 102,160 (190,902)
General and administrative expenses (7,793) (3,700) (21,550) (8,299)
Loan acquisition costs (1,887) (175) (3,303) (1,208)
Other expenses 0 0 (6) 0
Provision for income taxes (4,171) 3,323 (14,150) 8,653
Net Income (Loss) 30,844 34,854 83,639 (160,796)
Non-cash amortization (expense) income, net 1,339 (1,265) 3,005 (1,053)
Other significant non-cash expense: goodwill impairment       0
Operating Segments | Business Purpose Lending        
Segment Reporting Information [Line Items]        
Interest income 70,515 53,742 134,920 106,802
Interest expense (54,442) (36,631) (104,517) (68,984)
Net Interest Income 16,073 17,111 30,403 37,818
Non-interest Income (Loss)        
Mortgage banking activities, net 33,154 2,023 54,326 (3,798)
Investment fair value changes, net 3,782 40,401 7,081 (101,729)
Other income, net 1,017 686 1,860 2,870
Realized gains, net 390 0 498 0
Total non-interest income (loss), net 38,343 43,110 63,765 (102,657)
General and administrative expenses (13,688) (9,016) (24,847) (20,656)
Loan acquisition costs (1,861) (1,277) (3,913) (3,970)
Other expenses (3,873) (3,884) (7,650) (96,869)
Provision for income taxes (2,182) 2,439 (3,503) 9,021
Net Income (Loss) 32,812 48,483 54,255 (177,313)
Non-cash amortization (expense) income, net (5,584) (6,391) (11,441) (11,316)
Other significant non-cash expense: goodwill impairment       (88,675)
Operating Segments | Third-Party Investments        
Segment Reporting Information [Line Items]        
Interest income 33,972 36,811 68,962 118,007
Interest expense (22,334) (24,927) (45,513) (87,428)
Net Interest Income 11,638 11,884 23,449 30,579
Non-interest Income (Loss)        
Mortgage banking activities, net 0 0 0 0
Investment fair value changes, net 42,018 76,972 81,734 (454,586)
Other income, net 5 (509) 5 732
Realized gains, net 1,307 578 1,507 2,634
Total non-interest income (loss), net 43,330 77,041 83,246 (451,220)
General and administrative expenses (930) (1,986) (2,061) (3,521)
Loan acquisition costs 0 (120) (87) (373)
Other expenses (112) (1,065) (442) 817
Provision for income taxes (334) (5,799) (577) 4,518
Net Income (Loss) 53,592 79,955 103,528 (419,200)
Non-cash amortization (expense) income, net 185 312 41 1,053
Other significant non-cash expense: goodwill impairment       0
Corporate/ Other        
Segment Reporting Information [Line Items]        
Interest income 1,175 2,740 2,537 5,934
Interest expense (10,233) (12,346) (20,494) (26,601)
Net Interest Income (9,058) (9,606) (17,957) (20,667)
Non-interest Income (Loss)        
Mortgage banking activities, net 0 0 0 0
Investment fair value changes, net (247) (230) (921) (739)
Other income, net 265 758 412 758
Realized gains, net 0 25,182 0 25,182
Total non-interest income (loss), net 18 25,710 (509) 25,201
General and administrative expenses (18,183) (13,818) (35,687) (24,726)
Loan acquisition costs 0 0 (4) (7)
Other expenses 0 (134) 17 (446)
Provision for income taxes 0 0 0 0
Net Income (Loss) (27,223) 2,152 (54,140) (20,645)
Non-cash amortization (expense) income, net $ (1,955) $ (1,619) $ (3,850) (1,728)
Other significant non-cash expense: goodwill impairment       $ 0