CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 9,650	$ 18,550
Adjustments to reconcile net income to net cash used in operating activities:
Net gain on loans accounted for under the fair value option	(2,798)	(5,905)
Net unrealized depreciation (appreciation) on servicing assets	1,735	(919)
Net unrealized (appreciation) depreciation on derivative transactions	(592)	495
Net gain on sales of loans	(20,292)	(6,367)
Net accretion of premium/discount	(61)	0
Amortization of deferred financing costs	987	1,249
Provision for credit losses	4,015	(1,318)
Lower of cost or market adjustment on loans held for sale	221	0
Allowance for doubtful accounts	167	0
Stock compensation expense	681	739
Deferred income tax expense (benefit)	2,513	(11,739)
Depreciation and amortization	532	791
Proceeds from sale of loans held for sale	184,332	121,575
Purchase of loans held for sale	0	(5,797)
Funding of investments	(255,727)	(156,742)
Principal received on loans held for sale	1,638	1,347
Other, net	0	180
Changes in operating assets and liabilities:
Settlement receivable	5,340	(41,427)
Capitalized servicing asset	0	(2,164)
Other assets	(1,430)	6,692
Dividends payable	246	0
Due to participants	2,852	(7,447)
Accounts payable, accrued expenses and other liabilities	4,955	(20,816)
Other, net	0	(41)
Net cash used in operating activities	(38,674)	(116,359)
Cash flows from investing activities:
Net decrease (increase) in loans held for investment, at fair value	21,688	(7,595)
Net (increase) decrease in loans held for investment, at cost	(62,123)	269
Contributions to joint ventures	(7,243)	0
Purchase of fixed assets	(57)	(165)
Return of capital - non-control investments	24	0
Net (increase) decrease in Federal Home Loan and Federal Reserve Bank stock	(138)	242
Sales (purchases) of available-for-sale securities, net of maturities	4,044
Sales (purchases) of available-for-sale securities, net of maturities		(27,901)
Acquisitions, net of cash acquired	0	11,252
Net cash used in investing activities	(43,805)	(23,898)
Cash flows from financing activities:
Net borrowings on bank notes payable	43,814	47,274
Net increase in deposits	49,098	105,933
Repayment of Federal Home Loan Bank advances	(3,484)	(3,699)
Proceeds from preferred stock, net of offering costs	0	19,493
Payments on Notes Payable - Securitization Trusts	(22,954)	(31,015)
Dividends paid, net of dividend reinvestment plan	(4,771)	0
Payments of deferred financing costs	(24)	(1,087)
Net cash provided by financing activities	61,679	186,899
Net (decrease) increase in cash and restricted cash	(20,800)	46,642
Cash and restricted cash—beginning of period (Note 2)	184,006	125,606
Consolidation of cash and restricted cash from controlled investments and business combinations, net of cash paid	0	24,896
Cash and restricted cash—end of period (Note 2)	163,206	197,144
Non-cash operating, investing and financing activities:
Foreclosed real estate acquired	1,447	694
Dividends declared but not paid during the period	4,617	4,363
Issuance of common shares under dividend reinvestment plan	0	72
Supplemental disclosure of cash flow information:
Interest paid	19,079	12,259
Income taxes paid	73	4,539
2025 8.125% Notes
Cash flows from financing activities:
Proceeds from Notes	0	50,000
Affiliate Investments
Adjustments to reconcile net income to net cash used in operating activities:
Net unrealized (appreciation) depreciation on investments	(169)	(2,000)
Sale (purchase) of loans held for sale from affiliate	$ 22,531	$ (5,295)