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Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
HEIs    
Liabilities    
Beginning balance $ 0  
Acquisitions 16,639  
Principal paydowns 0  
Gains (losses) in net income (loss), net 396  
Other settlements, net 0  
Ending Balance 17,035 $ 0
ABS issued    
Liabilities    
Beginning balance 6,900,362 10,515,475
Acquisitions 4,202,070 1,478,589
Principal paydowns (1,922,313) (1,487,958)
Deconsolidations   (3,706,789)
Gains (losses) in net income (loss), net (336,972) 101,045
Other settlements, net 0 0
Ending Balance 8,843,147 6,900,362
Contingent Consideration    
Liabilities    
Beginning balance 0 28,484
Acquisitions   0
Principal paydowns   (13,353)
Deconsolidations   0
Gains (losses) in net income (loss), net   (446)
Other settlements, net   (14,685)
Ending Balance   0
Residential Loans    
Assets    
Beginning balance 4,249,014 7,714,745
Acquisitions 13,139,907 4,483,473
Originations 0 0
Sales (8,449,328) (6,262,958)
Principal paydowns (1,360,649) (1,552,171)
Deconsolidations   0
Gains (losses) in net income (loss), net 16,688 (132,307)
Unrealized losses in OCI, net 0 0
Other settlements, net (3,234) (1,768)
Ending Balance 7,592,398 4,249,014
Business Purpose Loans    
Assets    
Beginning balance 4,136,353 3,506,743
Acquisitions 136,685 0
Originations 2,150,539 1,431,251
Sales (211,113) (135,800)
Principal paydowns (1,307,566) (753,026)
Deconsolidations   0
Gains (losses) in net income (loss), net (77,357) 99,590
Unrealized losses in OCI, net 0 0
Other settlements, net (36,552) (12,405)
Ending Balance 4,790,989 4,136,353
Multifamily securities    
Assets    
Beginning balance 492,221 4,408,524
Acquisitions 0 0
Originations 0 0
Sales 0 0
Principal paydowns (7,639) (7,703)
Deconsolidations   (3,849,779)
Gains (losses) in net income (loss), net (11,068) (58,821)
Unrealized losses in OCI, net 0 0
Other settlements, net 0 0
Ending Balance 473,514 492,221
Trading securities    
Assets    
Beginning balance 125,667 860,540
Acquisitions 58,917 108,249
Originations 0 0
Sales (34,802) (603,529)
Principal paydowns (2,713) (8,687)
Deconsolidations   0
Gains (losses) in net income (loss), net 23,550 (230,906)
Unrealized losses in OCI, net 0 0
Other settlements, net 0 0
Ending Balance 170,619 125,667
AFS Securities    
Assets    
Beginning balance 218,458 239,334
Acquisitions 19,100 57,652
Originations 0 0
Sales (4,785) (55,192)
Principal paydowns (57,953) (17,924)
Deconsolidations   0
Gains (losses) in net income (loss), net 40,735 10,792
Unrealized losses in OCI, net (8,763) (16,204)
Other settlements, net 0 0
Ending Balance 206,792 218,458
Servicer advance investments    
Assets    
Beginning balance 231,489 169,204
Acquisitions 196,583 179,419
Originations 0 0
Sales 0 0
Principal paydowns (76,223) (107,527)
Deconsolidations   0
Gains (losses) in net income (loss), net (926) (9,607)
Unrealized losses in OCI, net 0 0
Other settlements, net 0 0
Ending Balance 350,923 231,489
Excess MSRs    
Assets    
Beginning balance 34,418 31,814
Acquisitions 17,830 10,906
Originations 0 0
Sales 0 0
Principal paydowns 0 0
Deconsolidations   0
Gains (losses) in net income (loss), net (8,017) (8,302)
Unrealized losses in OCI, net 0 0
Other settlements, net 0 0
Ending Balance 44,231 34,418
HEIs    
Assets    
Beginning balance 42,440 45,085
Acquisitions 155,023 3,517
Originations 0 0
Sales 0 0
Principal paydowns (19,395) (4,278)
Deconsolidations   0
Gains (losses) in net income (loss), net 13,774 (1,884)
Unrealized losses in OCI, net 0 0
Other settlements, net 898 0
Ending Balance 192,740 42,440
MSRs and Other Investments    
Assets    
Beginning balance 27,662 67,313
Acquisitions 15,215 450
Originations 0 0
Sales 0 0
Principal paydowns (14,751) (5,843)
Deconsolidations   0
Gains (losses) in net income (loss), net (2,846) (34,258)
Unrealized losses in OCI, net 0 0
Other settlements, net (179) 0
Ending Balance 25,101 27,662
Derivatives    
Assets    
Beginning balance 14,450 8,860
Acquisitions 0 0
Principal paydowns 0 0
Deconsolidations   0
Gains (losses) in net income (loss), net 10,437 56,972
Other settlements, net (20,757) (51,382)
Ending Balance $ 4,130 $ 14,450