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RESIDENTIAL MORTGAGE LOANS - Schedule of Net Interest Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans held-for-investment, at fair value $ 34,658 $ 45,287 $ 44,369
Total interest income 199,695 263,423 327,711
Interest expense:      
Loans held-for-investment, at fair value 18,893 17,583 16,919
Total interest expense 184,409 202,056 197,665
Net interest income 15,286 61,367 130,046
Loans held-for-sale, at lower of cost or fair value      
Interest income:      
Loans held-for-sale 5,804 6,898 23,280
Interest expense:      
Loans held-for-sale 3,615 3,402 21,333
Loans held-for-sale, at fair value      
Interest income:      
Loans held-for-sale 159,233 211,238 260,062
Interest expense:      
Loans held-for-sale $ 161,901 $ 181,071 $ 159,413