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Segment Information - Financial Information by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting Information [Line Items]        
Interest income $ 145,722 $ 121,982 $ 412,722 $ 450,009
Interest expense (103,754) (100,411) (314,371) (349,748)
Net Interest Income 41,968 21,571 98,351 100,261
Non-interest Income (Loss)        
Mortgage banking activities, net 63,163 59,395 200,189 24,511
Investment fair value changes, net 26,077 107,047 120,644 (611,557)
Other income, net 2,388 (114) 8,357 3,979
Realized gains, net 6,703 602 17,803 30,419
Total non-interest income (loss), net 98,331 166,930 346,993 (552,648)
General and administrative expenses (47,692) (27,630) (131,837) (84,832)
Loan acquisition costs (4,621) (2,158) (11,928) (7,716)
Other expenses (4,023) (7,788) (12,104) (104,286)
(Provision for) benefit from income taxes 4,323 (9,113) (13,907) 13,079
Net Income (Loss) 88,286 141,812 275,568 (636,142)
Non-cash amortization (expense) income, net (570) (6,333) (12,815) (19,377)
Other significant non-cash expense: goodwill impairment 0 0 0 (88,675)
Operating Segments | Residential Lending        
Segment Reporting Information [Line Items]        
Interest income 44,220 26,672 104,801 123,956
Interest expense (25,395) (21,401) (65,488) (87,725)
Net Interest Income 18,825 5,271 39,313 36,231
Non-interest Income (Loss)        
Mortgage banking activities, net 32,946 11,864 115,646 (19,222)
Investment fair value changes, net 2,285 2,443 8,958 (159,107)
Other income, net 874 (2,011) 4,566 (2,278)
Realized gains, net 6,389 0 15,484 2,001
Total non-interest income (loss), net 42,494 12,296 144,654 (178,606)
General and administrative expenses (8,989) (4,602) (30,539) (12,901)
Loan acquisition costs (2,395) (304) (5,698) (1,512)
Other expenses 0 (3,309) (6) (3,309)
(Provision for) benefit from income taxes (11,139) (826) (25,289) 7,827
Net Income (Loss) 38,796 8,526 122,435 (152,270)
Non-cash amortization (expense) income, net 5,862 1,785 8,867 732
Other significant non-cash expense: goodwill impairment       0
Operating Segments | Business Purpose Lending        
Segment Reporting Information [Line Items]        
Interest income 67,235 55,930 202,155 162,732
Interest expense (46,834) (44,159) (151,351) (113,143)
Net Interest Income 20,401 11,771 50,804 49,589
Non-interest Income (Loss)        
Mortgage banking activities, net 30,217 47,531 84,543 43,733
Investment fair value changes, net 3,470 16,892 10,551 (84,837)
Other income, net 1,184 623 3,044 3,493
Realized gains, net 314 0 812 0
Total non-interest income (loss), net 35,185 65,046 98,950 (37,611)
General and administrative expenses (13,987) (9,321) (38,834) (29,977)
Loan acquisition costs (2,175) (1,660) (6,088) (5,630)
Other expenses (3,873) (3,874) (11,523) (100,743)
(Provision for) benefit from income taxes (3,485) (8,544) (6,988) 477
Net Income (Loss) 32,066 53,418 86,321 (123,895)
Non-cash amortization (expense) income, net (4,713) (6,719) (16,154) (18,035)
Other significant non-cash expense: goodwill impairment       (88,675)
Operating Segments | Third-Party Investments        
Segment Reporting Information [Line Items]        
Interest income 33,218 37,576 102,180 155,583
Interest expense (21,370) (24,238) (66,883) (111,666)
Net Interest Income 11,848 13,338 35,297 43,917
Non-interest Income (Loss)        
Mortgage banking activities, net 0 0 0 0
Investment fair value changes, net 20,569 87,890 102,303 (366,696)
Other income, net 0 340 5 1,072
Realized gains, net 0 602 1,507 3,236
Total non-interest income (loss), net 20,569 88,832 103,815 (362,388)
General and administrative expenses (1,415) (709) (3,476) (4,230)
Loan acquisition costs (51) (194) (138) (567)
Other expenses (150) (470) (592) 347
(Provision for) benefit from income taxes (335) 257 (912) 4,775
Net Income (Loss) 30,466 101,054 133,994 (318,146)
Non-cash amortization (expense) income, net 276 117 317 1,170
Other significant non-cash expense: goodwill impairment       0
Corporate/ Other        
Segment Reporting Information [Line Items]        
Interest income 1,049 1,804 3,586 7,738
Interest expense (10,155) (10,613) (30,649) (37,214)
Net Interest Income (9,106) (8,809) (27,063) (29,476)
Non-interest Income (Loss)        
Mortgage banking activities, net 0 0 0 0
Investment fair value changes, net (247) (178) (1,168) (917)
Other income, net 330 934 742 1,692
Realized gains, net 0 0 0 25,182
Total non-interest income (loss), net 83 756 (426) 25,957
General and administrative expenses (23,301) (12,998) (58,988) (37,724)
Loan acquisition costs 0 0 (4) (7)
Other expenses 0 (135) 17 (581)
(Provision for) benefit from income taxes 19,282 0 19,282 0
Net Income (Loss) (13,042) (21,186) (67,182) (41,831)
Non-cash amortization (expense) income, net $ (1,995) $ (1,516) $ (5,845) (3,244)
Other significant non-cash expense: goodwill impairment       $ 0