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Fair Value - Financial Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Financial assets:    
Loans and investments, net $ 11,292,647 $ 12,377,806
Loans held-for-sale, net 326,910 552,325
Securities held-to-maturity, net 156,027 155,279
Financial liabilities:    
Credit and repurchase facilities 3,257,719 3,237,827
Securitized debt 5,315,079 6,935,010
Senior unsecured notes 1,246,908 1,333,968
Convertible senior unsecured notes 285,170 283,118
Junior subordinated notes 144,480 143,896
Mortgage notes payable — real estate owned 35,350 44,339
Level 1    
Financial assets:    
Loans and investments, net 0  
Loans held-for-sale, net 0  
Capitalized mortgage servicing rights, net 0  
Securities held-to-maturity, net 0  
Financial liabilities:    
Credit and repurchase facilities 0  
Securitized debt 0  
Senior unsecured notes 1,161,256  
Convertible senior unsecured notes 0  
Junior subordinated notes 0  
Mortgage notes payable — real estate owned 0  
Level 2    
Financial assets:    
Loans and investments, net 0  
Loans held-for-sale, net 330,997  
Capitalized mortgage servicing rights, net 0  
Securities held-to-maturity, net 0  
Financial liabilities:    
Credit and repurchase facilities 319,419  
Securitized debt 0  
Senior unsecured notes 0  
Convertible senior unsecured notes 292,712  
Junior subordinated notes 0  
Mortgage notes payable — real estate owned 0  
Level 3    
Financial assets:    
Loans and investments, net 11,236,801  
Loans held-for-sale, net 3,887  
Capitalized mortgage servicing rights, net 499,630  
Securities held-to-maturity, net 145,000  
Financial liabilities:    
Credit and repurchase facilities 2,928,081  
Securitized debt 5,281,765  
Senior unsecured notes 0  
Convertible senior unsecured notes 0  
Junior subordinated notes 107,761  
Mortgage notes payable — real estate owned 35,132  
Carrying Value    
Financial assets:    
Loans and investments, net 11,292,647 12,377,806
Loans held-for-sale, net 326,141 551,707
Capitalized mortgage servicing rights, net 376,403  
Securities held-to-maturity, net 156,027 155,279
Financial liabilities:    
Credit and repurchase facilities 3,257,719 3,237,827
Securitized debt 5,315,079 6,935,010
Senior unsecured notes 1,246,908 1,333,968
Convertible senior unsecured notes 285,170 283,118
Junior subordinated notes 144,480 143,896
Mortgage notes payable — real estate owned 35,350 44,339
Fair Value    
Financial assets:    
Loans and investments, net 11,236,801 12,452,563
Loans held-for-sale, net 334,884 566,451
Capitalized mortgage servicing rights, net 499,630  
Securities held-to-maturity, net 145,000 129,390
Financial liabilities:    
Credit and repurchase facilities 3,247,500 3,228,324
Securitized debt 5,281,765 6,864,557
Senior unsecured notes 1,161,256 1,214,331
Convertible senior unsecured notes 292,712 301,156
Junior subordinated notes 107,761 106,444
Mortgage notes payable — real estate owned $ 35,132 $ 44,103