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Fair Value - Level III (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total realized and unrealized gains (losses):        
Net accretion     $ 7,119 $ 9,725
Level III        
Changes in financial assets classified as Level III        
Balance at the beginning of the period $ 45,767,691 $ 55,932,183 51,642,978 60,659,660
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale (2,102,931) (2,930,607) (7,214,413) (8,648,038)
Net accretion 1,170 1,744 3,583 6,974
Included in OCI (3,241) (6,194) (6,841) (18,177)
Purchases / Originations 113,237 186,397 362,688 3,793,467
Sales (64,458) (1,266) (235,775) (3,588,953)
Cash repayments / receipts (56,482) (46,526) (158,347) (175,440)
Transfers into Level III (488,051) (571,603) (1,686,976) (1,201,573)
Transfers out of Level III 854,018 171,224 1,314,056 84,731
Consolidation of VIEs       2,551,224
Deconsolidation of VIEs       (728,523)
Balance at the end of the period 44,020,953 52,735,352 44,020,953 52,735,352
Amount of unrealized gains (losses) attributable to assets        
Included in earnings (2,108,185) (2,933,551) (7,233,293) (8,572,782)
Included in OCI (3,286) (6,194) (6,875) (17,771)
Level III | Loans at Fair Value        
Changes in financial assets classified as Level III        
Balance at the beginning of the period 2,673,220 2,197,501 2,784,594 2,936,025
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale (66,806) (87,474) (111,247) (326,737)
Net accretion 0 0 0 0
Included in OCI 0 0 0 0
Purchases / Originations 113,237 186,397 362,688 3,793,467
Sales (63,857) (1,266) (235,174) (3,588,953)
Cash repayments / receipts (53,265) (37,998) (137,916) (152,847)
Transfers into Level III 20 1,700 26 1,847
Transfers out of Level III (284) (70,389) (60,706) (474,331)
Consolidation of VIEs       0
Deconsolidation of VIEs       0
Balance at the end of the period 2,602,265 2,188,471 2,602,265 2,188,471
Amount of unrealized gains (losses) attributable to assets        
Included in earnings (73,230) (92,162) (133,679) (258,652)
Included in OCI 0 0 0 0
Level III | RMBS        
Changes in financial assets classified as Level III        
Balance at the beginning of the period 107,216 124,439 113,386 143,980
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale 0 0 0 0
Net accretion 1,170 1,744 3,583 6,974
Included in OCI (3,241) (6,194) (6,841) (18,177)
Purchases / Originations 0 0 0 0
Sales (601) 0 (601) 0
Cash repayments / receipts (2,468) (3,412) (7,451) (16,200)
Transfers into Level III 0 0 0 0
Transfers out of Level III 0 0 0 0
Consolidation of VIEs       0
Deconsolidation of VIEs       0
Balance at the end of the period 102,076 116,577 102,076 116,577
Amount of unrealized gains (losses) attributable to assets        
Included in earnings 1,170 1,744 3,552 6,641
Included in OCI (3,286) (6,194) (6,875) (17,771)
Level III | CMBS        
Changes in financial assets classified as Level III        
Balance at the beginning of the period 18,603 20,965 19,108 22,244
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale 241 (84) 317 (1,441)
Net accretion 0 0 0 0
Included in OCI 0 0 0 0
Purchases / Originations 0 0 0 0
Sales 0 0 0 0
Cash repayments / receipts (104) (229) (685) (681)
Transfers into Level III 0 0 0 0
Transfers out of Level III 0 0 0 0
Consolidation of VIEs       0
Deconsolidation of VIEs       530
Balance at the end of the period 18,740 20,652 18,740 20,652
Amount of unrealized gains (losses) attributable to assets        
Included in earnings 241 (84) 317 (911)
Included in OCI 0 0 0 0
Level III | Woodstar Fund investments        
Changes in financial assets classified as Level III        
Balance at the beginning of the period 1,976,985 1,558,850 1,761,002 1,040,309
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale 2,199 110,415 218,182 628,956
Net accretion 0 0 0 0
Included in OCI 0 0 0 0
Purchases / Originations 0 0 0 0
Sales 0 0 0 0
Cash repayments / receipts 0 0 0 0
Transfers into Level III 0 0 0 0
Transfers out of Level III 0 0 0 0
Consolidation of VIEs       0
Deconsolidation of VIEs       0
Balance at the end of the period 1,979,184 1,669,265 1,979,184 1,669,265
Amount of unrealized gains (losses) attributable to assets        
Included in earnings 2,199 110,415 218,182 628,956
Included in OCI 0 0 0 0
Level III | Domestic servicing rights        
Changes in financial assets classified as Level III        
Balance at the beginning of the period 18,256 17,499 17,790 16,780
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale (68) 515 398 1,234
Net accretion 0 0 0 0
Included in OCI 0 0 0 0
Purchases / Originations 0 0 0 0
Sales 0 0 0 0
Cash repayments / receipts 0 0 0 0
Transfers into Level III 0 0 0 0
Transfers out of Level III 0 0 0 0
Consolidation of VIEs       0
Deconsolidation of VIEs       0
Balance at the end of the period 18,188 18,014 18,188 18,014
Amount of unrealized gains (losses) attributable to assets        
Included in earnings (68) 515 398 1,234
Included in OCI 0 0 0 0
Level III | VIE Assets        
Changes in financial assets classified as Level III        
Balance at the beginning of the period 46,864,870 57,993,563 52,453,041 61,280,543
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale (2,195,966) (3,778,193) (7,784,137) (10,696,486)
Net accretion 0 0 0 0
Included in OCI 0 0 0 0
Purchases / Originations 0 0 0 0
Sales 0 0 0 0
Cash repayments / receipts 0 0 0 0
Transfers into Level III 0 0 0 0
Transfers out of Level III 0 0 0 0
Consolidation of VIEs       4,361,325
Deconsolidation of VIEs       (730,012)
Balance at the end of the period 44,668,904 54,215,370 44,668,904 54,215,370
Amount of unrealized gains (losses) attributable to assets        
Included in earnings (2,195,966) (3,778,193) (7,784,137) (10,696,486)
Included in OCI 0 0 0 0
Level III | VIE Liabilities        
Changes in financial assets classified as Level III        
Balance at the beginning of the period (5,891,459) (5,980,634) (5,505,943) (4,780,221)
Total realized and unrealized gains (losses):        
Change in fair value / gain on sale 157,469 824,214 462,074 1,746,436
Net accretion 0 0 0 0
Included in OCI 0 0 0 0
Purchases / Originations 0 0 0 0
Sales 0 0 0 0
Cash repayments / receipts (645) (4,887) (12,295) (5,712)
Transfers into Level III (488,071) (573,303) (1,687,002) (1,203,420)
Transfers out of Level III 854,302 241,613 1,374,762 559,062
Consolidation of VIEs       (1,810,101)
Deconsolidation of VIEs       959
Balance at the end of the period (5,368,404) (5,492,997) (5,368,404) (5,492,997)
Amount of unrealized gains (losses) attributable to assets        
Included in earnings 157,469 824,214 462,074 1,746,436
Included in OCI $ 0 $ 0 $ 0 $ 0