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Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2021
USD ($)
Point Noncontrolling Interest  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 $ 0
Acquisitions 16,639
Principal paydowns 0
Gains (losses) in net income (loss), net 83
Other settlements, net 0
Ending balance - September 30, 2021 16,722
ABS Issued  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 6,900,362
Acquisitions 2,552,785
Principal paydowns (1,500,357)
Gains (losses) in net income (loss), net (196,689)
Other settlements, net 0
Ending balance - September 30, 2021 7,756,101
Residential Loans  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 4,249,014
Acquisitions 9,926,335
Originations 0
Sales (6,958,669)
Principal paydowns (1,051,390)
Gains (losses) in net income (loss), net 53,549
Unrealized losses in OCI, net 0
Other settlements, net (2,406)
Ending balance - September 30, 2021 6,216,433
Business purpose loans  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 4,136,353
Acquisitions 38,176
Originations 1,515,262
Sales (9,484)
Principal paydowns (942,096)
Gains (losses) in net income (loss), net (25,658)
Unrealized losses in OCI, net 0
Other settlements, net (18,998)
Ending balance - September 30, 2021 4,693,555
Multifamily loans  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 492,221
Acquisitions 0
Originations 0
Sales 0
Principal paydowns (5,685)
Gains (losses) in net income (loss), net (3,745)
Unrealized losses in OCI, net 0
Other settlements, net 0
Ending balance - September 30, 2021 482,791
Trading Securities  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 125,667
Acquisitions 37,117
Originations 0
Sales (32,704)
Principal paydowns (1,783)
Gains (losses) in net income (loss), net 24,713
Unrealized losses in OCI, net 0
Other settlements, net 0
Ending balance - September 30, 2021 153,010
AFS Securities  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 218,458
Acquisitions 1,600
Originations 0
Sales (4,785)
Principal paydowns (45,120)
Gains (losses) in net income (loss), net 26,998
Unrealized losses in OCI, net 3,125
Other settlements, net 0
Ending balance - September 30, 2021 200,276
Servicer Advance Investments  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 231,489
Acquisitions 0
Originations 0
Sales 0
Principal paydowns (58,248)
Gains (losses) in net income (loss), net (3,179)
Unrealized losses in OCI, net 0
Other settlements, net 0
Ending balance - September 30, 2021 170,062
Excess MSRs  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 34,418
Acquisitions 0
Originations 0
Sales 0
Principal paydowns 0
Gains (losses) in net income (loss), net (5,233)
Unrealized losses in OCI, net 0
Other settlements, net 0
Ending balance - September 30, 2021 29,185
HEIs  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 42,440
Acquisitions 122,373
Originations 0
Sales 0
Principal paydowns (10,220)
Gains (losses) in net income (loss), net 13,263
Unrealized losses in OCI, net 0
Other settlements, net 0
Ending balance - September 30, 2021 167,856
MSRs  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 27,662
Acquisitions 14,615
Originations 0
Sales 0
Principal paydowns (9,224)
Gains (losses) in net income (loss), net (2,974)
Unrealized losses in OCI, net 0
Other settlements, net (116)
Ending balance - September 30, 2021 29,963
Derivatives  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance - December 31, 2020 14,450
Acquisitions 0
Principal paydowns 0
Gains (losses) in net income (loss), net 17,806
Other settlements, net (25,544)
Ending balance - September 30, 2021 $ 6,712