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SECURITIES - Portfolio (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional $ 119,035,166 $ 96,602,237  
Remaining Premium 5,785,116 5,311,495  
Remaining Discount (167,439) (192,979)  
Amortized Cost 118,662,277 94,853,660  
Unrealized Gains 1,875,693 379,619  
Unrealized Losses (611,101) (2,609,491)  
Estimated Fair Value [1] 119,926,869 92,623,788 [2]  
Agency Securities      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 116,503,163 93,835,696  
Remaining Premium 5,747,648 5,255,201  
Remaining Discount (43,534) (43,656)  
Amortized Cost 117,031,665 93,040,233  
Unrealized Gains 1,776,818 305,893  
Unrealized Losses (606,443) (2,593,131)  
Estimated Fair Value 118,202,040 90,752,995  
Agency Securities | Fixed-rate pass-through      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 105,780,191 81,144,650  
Remaining Premium 4,540,458 3,810,808  
Remaining Discount (39,619) (36,987)  
Amortized Cost 110,281,030 84,918,471  
Unrealized Gains 1,584,896 264,443  
Unrealized Losses (343,418) (2,130,362)  
Estimated Fair Value 111,522,508 83,052,552  
Agency Securities | Adjustable-rate pass-through      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 3,260,731 4,835,983  
Remaining Premium 167,235 247,981  
Remaining Discount (1,416) (1,337)  
Amortized Cost 3,426,550 5,082,627  
Unrealized Gains 10,032 7,127  
Unrealized Losses (70,286) (151,770)  
Estimated Fair Value 3,366,296 4,937,984  
Agency Securities | CMO      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 10,156    
Remaining Premium 47    
Remaining Discount 0    
Amortized Cost 10,203    
Unrealized Gains 281    
Unrealized Losses 0    
Estimated Fair Value 10,484    
Agency Securities | Interest-only      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 5,175,612 6,007,008  
Remaining Premium 1,016,856 1,179,855  
Remaining Discount 0 0  
Amortized Cost 1,016,856 1,179,855  
Unrealized Gains 3,223 1,446  
Unrealized Losses (192,330) (307,412)  
Estimated Fair Value 827,749 873,889  
Agency Securities | Multifamily      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 2,242,153 1,802,292  
Remaining Premium 19,191 12,329  
Remaining Discount (2,499) (5,332)  
Amortized Cost 2,258,845 1,809,289  
Unrealized Gains 178,386 32,753  
Unrealized Losses 0 (3,477)  
Estimated Fair Value 2,437,231 1,838,565  
Agency Securities | Reverse mortgages      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 34,320 34,650  
Remaining Premium 3,861 4,175  
Remaining Discount 0 0  
Amortized Cost 38,181 38,825  
Unrealized Gains 0 69  
Unrealized Losses (409) (110)  
Estimated Fair Value 37,772 38,784  
Agency Securities | CMO Mortgage Backed Securities Available For Sale [Member]      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional   11,113  
Remaining Premium   53  
Remaining Discount   0  
Amortized Cost   11,166  
Unrealized Gains   55  
Unrealized Losses   0  
Estimated Fair Value   11,221  
Residential Credit Securities Mortgage Backed Securities      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 2,395,337 2,610,620  
Remaining Premium 37,119 46,516  
Remaining Discount (115,445) (139,583)  
Amortized Cost 1,502,057 1,657,468  
Unrealized Gains 92,322 72,067  
Unrealized Losses (4,658) (15,500)  
Estimated Fair Value 1,589,721 1,714,035  
Residential Credit Securities Mortgage Backed Securities | CRT (1)      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 481,758 542,374  
Remaining Premium 19,561 28,444  
Remaining Discount (2,406) (15,466)  
Amortized Cost 483,988 555,352  
Unrealized Gains 10,817 7,879  
Unrealized Losses (2,836) (11,134)  
Estimated Fair Value 491,969 552,097  
Residential Credit Securities Mortgage Backed Securities | CRT Interest-Only Security      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 14,900    
Residential Credit Securities Mortgage Backed Securities | Alt-A      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 204,398 202,889  
Remaining Premium 341 349  
Remaining Discount (30,027) (31,238)  
Amortized Cost 174,712 172,000  
Unrealized Gains 16,847 10,559  
Unrealized Losses (71) (198)  
Estimated Fair Value 191,488 182,361  
Residential Credit Securities Mortgage Backed Securities | Prime      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 257,216 353,108  
Remaining Premium 1,157 2,040  
Remaining Discount (19,093) (23,153)  
Amortized Cost 239,280 331,995  
Unrealized Gains 17,389 12,821  
Unrealized Losses (189) (830)  
Estimated Fair Value 256,480 343,986  
Residential Credit Securities Mortgage Backed Securities | Prime interest-only      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 188,979    
Remaining Premium 2,407    
Remaining Discount 0    
Amortized Cost     $ 2,407
Unrealized Gains 0    
Unrealized Losses (162)    
Estimated Fair Value 2,245    
Residential Credit Securities Mortgage Backed Securities | Subprime      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 439,485 423,166  
Remaining Premium 2,854 1,776  
Remaining Discount (59,535) (65,005)  
Amortized Cost 382,804 359,937  
Unrealized Gains 41,809 35,278  
Unrealized Losses (143) (594)  
Estimated Fair Value 424,470 394,621  
Residential Credit Securities Mortgage Backed Securities | NPL/RPL      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 8,431 3,431  
Remaining Premium 0 0  
Remaining Discount (15) (30)  
Amortized Cost 8,416 3,401  
Unrealized Gains 20 37  
Unrealized Losses 0 0  
Estimated Fair Value 8,436 3,438  
Residential Credit Securities Mortgage Backed Securities | Prime jumbo (2010 vintage)      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 204,020 225,567  
Remaining Premium 1,069 1,087  
Remaining Discount (4,369) (4,691)  
Amortized Cost 200,720 221,963  
Unrealized Gains 5,054 1,439  
Unrealized Losses 0 (2,744)  
Estimated Fair Value 205,774 220,658  
Residential Credit Securities Mortgage Backed Securities | Prime jumbo (2010 vintage) Interest-only      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 611,050 860,085  
Remaining Premium 9,730 12,820  
Remaining Discount 0 0  
Amortized Cost 9,730 12,820  
Unrealized Gains 386 4,054  
Unrealized Losses (1,257) 0  
Estimated Fair Value 8,859 16,874  
Residential Investments      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 118,898,500 96,446,316  
Remaining Premium 5,784,767 5,301,717  
Remaining Discount (158,979) (183,239)  
Amortized Cost 118,533,722 94,697,701  
Unrealized Gains 1,869,140 377,960  
Unrealized Losses (611,101) (2,608,631)  
Estimated Fair Value 119,791,761 92,467,030  
Commercial Mortgage-Backed Securities      
Mortgage-Backed Securities Portfolio [Line Items]      
Principal / Notional 136,666 155,921  
Remaining Premium 349 9,778  
Remaining Discount (8,460) (9,740)  
Amortized Cost 128,555 155,959  
Unrealized Gains 6,553 1,659  
Unrealized Losses 0 (860)  
Estimated Fair Value $ 135,108 $ 156,758  
[1]
(3) 
Excludes $327.9 million and $83.6 million at June 30, 2019 and December 31, 2018, respectively, of non-Agency mortgage-backed securities and $168.0 million and $224.3 million at June 30, 2019 and December 31, 2018, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[2]
(1) 
Derived from the audited consolidated financial statements at December 31, 2018.