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Loans - Ratings (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
USD ($)
loan
Dec. 31, 2015
USD ($)
Investments in loans    
Total gross loans $ 6,435,659 $ 6,269,546
Total gross loans (as a percent) 100.00% 100.00%
Amount of loan impairment charges on individual loans held-for-investment $ 0 $ 0
Investment and Servicing Segment    
Investments in loans    
Carrying amount of loans in default 8,200  
Rating 1    
Investments in loans    
Total gross loans $ 6,533 664
Total gross loans (as a percent) 0.10%  
Rating 1 | Maximum    
Investments in loans    
LTV (as a percent) 65.00%  
Rating 2    
Investments in loans    
Total gross loans $ 661,929 $ 675,678
Total gross loans (as a percent) 10.30% 10.80%
Rating 2 | Maximum    
Investments in loans    
LTV (as a percent) 70.00%  
Rating 3    
Investments in loans    
Total gross loans $ 5,253,590 $ 4,987,459
Total gross loans (as a percent) 81.60% 79.60%
Rating 3 | Maximum    
Investments in loans    
LTV (as a percent) 80.00%  
Rating 4    
Investments in loans    
Total gross loans $ 351,220 $ 401,880
Total gross loans (as a percent) 5.50% 6.40%
Allowance for loan losses as a percent of carrying amount 1.50%  
Rating 4 | Minimum    
Investments in loans    
LTV (as a percent) 80.00%  
Rating 4 | Maximum    
Investments in loans    
LTV (as a percent) 90.00%  
Rating 5    
Investments in loans    
Allowance for loan losses as a percent of carrying amount 5.00%  
Rating 5 | Minimum    
Investments in loans    
LTV (as a percent) 90.00%  
N/A    
Investments in loans    
Total gross loans $ 162,387 $ 203,865
Total gross loans (as a percent) 2.50% 3.20%
Total loans held-for-investment    
Investments in loans    
Total gross loans $ 6,192,922 $ 5,979,108
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans    
Investments in loans    
Total gross loans 5,022,325 4,723,852
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 1    
Investments in loans    
Total gross loans 6,533 664
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 2    
Investments in loans    
Total gross loans 477,910 496,372
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 3    
Investments in loans    
Total gross loans 4,331,630 3,979,247
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 4    
Investments in loans    
Total gross loans 206,252 247,569
Total loans held-for-investment | Subordinated mortgages    
Investments in loans    
Total gross loans 392,315 392,563
Total loans held-for-investment | Subordinated mortgages | Rating 2    
Investments in loans    
Total gross loans 85,363 88,857
Total loans held-for-investment | Subordinated mortgages | Rating 3    
Investments in loans    
Total gross loans 286,702 270,435
Total loans held-for-investment | Subordinated mortgages | Rating 4    
Investments in loans    
Total gross loans 20,250 33,271
Total loans held-for-investment | Mezzanine Loans    
Investments in loans    
Total gross loans 770,120 862,693
Total loans held-for-investment | Mezzanine Loans | Rating 2    
Investments in loans    
Total gross loans 98,656 90,449
Total loans held-for-investment | Mezzanine Loans | Rating 3    
Investments in loans    
Total gross loans 546,746 651,204
Total loans held-for-investment | Mezzanine Loans | Rating 4    
Investments in loans    
Total gross loans 124,718 121,040
Total loans held-for-investment | Cost Recovery Loans    
Investments in loans    
Total gross loans 8,162  
Total loans held-for-investment | Cost Recovery Loans | N/A    
Investments in loans    
Total gross loans 8,162  
Loans held-for-sale    
Investments in loans    
Total gross loans $ 154,225 203,865
Number of held-for-sale loans with the fair value option elected that were 90 days past due or greater or on nonaccrual status | loan 0  
Loans held-for-sale | N/A    
Investments in loans    
Total gross loans $ 154,225 203,865
Loans transferred as secured borrowings    
Investments in loans    
Total gross loans 88,512 86,573
Loans transferred as secured borrowings | Rating 3    
Investments in loans    
Total gross loans $ 88,512 $ 86,573