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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 189,481 $ 106,386
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums, discounts, and debt issuance costs, net (17,733) (10,654)
Stock-based compensation 6,150 5,215
Provision for (recovery of) loan losses 583 7,088
Impairment loss on real estate, held for sale 2,667 1,715
Repair and denial reserve (7,264) 6,051
Allowance for doubtful accounts on purchased future receivables 1,381 1,383
Origination of loans, held for sale, at fair value 132,671 21,909
Net income of unconsolidated joint ventures, net of distributions (11,477) (6,099)
Realized (gains) losses, net (61,102) (146,135)
Unrealized (gains) losses, net (60,408) (34,142)
Net changes in operating assets and liabilities    
Purchased future receivables, net (2,102) 9,358
Derivative instruments 54,264 (62,818)
Assets of consolidated VIEs (excluding loans, net), accrued interest and due from servicers (15,534) 10,157
Receivable from third parties (12,660) (12,789)
Other assets (2,461) (10,133)
Accounts payable and other accrued liabilities (54,300) 32,940
Net cash provided by (used for) operating activities 142,156 (80,568)
Cash Flows From Investing Activities:    
Origination of loans (2,909,082) (2,584,002)
Purchase of loans (675,198) (111,810)
Proceeds from disposition and principal payment of loans 1,152,337 928,678
Origination of Paycheck Protection Program loans   (2,133,861)
Purchase of Paycheck Protection Program loans   (3,866)
Proceeds from disposition and principal payment of Paycheck Protection Program loans 641,370 468,650
Funding of investments held to maturity (1,656)  
Proceeds from principal payments of investments held to maturity 13,173  
Proceeds from sale and principal payment of mortgage backed securities, at fair value 56,187 1,997,268
Funding of real estate, held for sale (4,951)  
Proceeds from sale of real estate, held for sale 7,008 2,264
Investment in unconsolidated joint ventures (122,221) (22,644)
Proceeds from sale of investment in joint ventures 125,715  
Distributions in excess of cumulative earnings from unconsolidated joint ventures 29,859 18,282
Payment of liability under participation agreements, net of proceeds received (19,552)  
Net cash used for business acquisitions   (11,536)
Net of cash provided by business acquisitions 123,566  
Net cash used for investing activities (1,583,478) (1,452,577)
Sale of a subsidiary (33)  
Cash Flows From Financing Activities:    
Proceeds from secured borrowings 8,434,576 9,440,080
Repayment of secured borrowings (7,664,522) (10,472,037)
Proceeds from the Paycheck Protection Program Liquidity Facility borrowings   2,299,167
Repayment of Paycheck Protection Program Liquidity Facility borrowings (635,708) (429,560)
Proceeds from issuance of securitized debt obligations of consolidated VIEs 1,735,343 1,239,770
Repayment of securitized debt obligations of consolidated VIEs (501,066) (462,198)
Proceeds from corporate debt 220,146 195,768
Repayment of corporate debt   (50,000)
Repayment of guaranteed loan financing (86,046) (63,526)
Payment of deferred financing costs (27,966) (27,714)
Proceeds from issuance of equity, net of issuance costs 123,490 136,230
Payment of contingent consideration (9,000)  
Settlement of share-based awards in satisfaction of withholding tax requirements (1,294) (614)
Dividend payments (136,696) (78,361)
Tender offer of preferred shares   (11,133)
Preferred stock redemption   (98,241)
Common stock repurchased (3,820)  
Distributions to non-controlling interests, net (10,145) (150)
Net cash provided by financing activities 1,437,292 1,617,481
Net increase (decrease) in cash, cash equivalents, and restricted cash (4,030) 84,336
Cash, cash equivalents, and restricted cash beginning balance 323,328 200,482
Cash, cash equivalents, and restricted cash ending balance 319,298 284,818
Supplemental disclosures:    
Cash paid for interest 218,627 138,828
Cash paid for income taxes 27,137 12,235
Supplemental disclosure: Non-cash investing activities    
Loans transferred from loans, held for sale, at fair value to loans, net 4,003  
Loans transferred from loans, net to loans, held for sale, at fair value 3,255 1,677
Loans transferred to real estate owned 1,532 1,388
Contingent consideration in connection with acquisitions 25,000 12,400
Supplemental disclosure: Non-cash financing activities    
Shares and OP units issued in connection with merger transactions 458,056 $ 239,537
Retirement of OP units $ 1,500