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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Interest income $ 397,722 $ 282,388 $ 1,162,212 $ 749,901
Interest expense 125,278 96,488 338,664 278,401
Net interest income (expense) 272,444 185,900 823,548 471,500
Impairment        
Other-than-temporary impairment (OTTI) on securities 1,509 1,765 8,736 7,838
Valuation and loss provision on loans and real estate owned 26,700 18,275 65,381 41,845
Total Impairment Charges 28,209 20,040 74,117 49,683
Net interest income after impairment 244,235 165,860 749,431 421,817
Servicing revenue, net 58,014 0 269,467 0
Other Income        
Change in fair value of investments in excess mortgage servicing rights (14,291) (17,060) (32,650) (24,397)
Change in fair value of investments in excess mortgage servicing rights, equity method investees 2,054 6,261 6,056 8,608
Change in fair value of investments in mortgage servicing rights financing receivable 70,232 0 75,828 0
Change in fair value of servicer advance investments 10,941 21,606 70,469 4,328
Gain on consumer loans investment 0 0 0 9,943
Gain on remeasurement of consumer loans investment 0 0 0 71,250
Gain (loss) on settlement of investments, net 1,553 (11,165) 1,250 (37,682)
Earnings from investments in consumer loans, equity method investees 6,769 0 12,649 0
Other income (loss), net 9,887 27,059 7,696 6,850
Other Income 87,145 26,701 141,298 38,900
Operating Expenses        
General and administrative expenses 19,919 8,777 47,788 28,082
Management fee to affiliate 14,187 10,536 41,447 30,552
Incentive compensation to affiliate 19,491 7,075 72,123 13,200
Loan servicing expense 13,690 14,187 40,068 30,037
Subservicing expense 49,773 0 123,435 0
Total Operating Expenses 117,060 40,575 324,861 101,871
Income (Loss) Before Income Taxes 272,334 151,986 835,335 358,846
Income tax expense (benefit) 32,613 20,900 121,053 18,195
Net Income (Loss) 239,721 131,086 714,282 340,651
Noncontrolling interests in Income of Consolidated Subsidiaries 13,600 32,178 45,051 61,355
Net income (loss) attributable to common stockholders $ 226,121 $ 98,908 $ 669,231 $ 279,296
Net Income Per Share of Common Stock        
Basic (in dollars per share) $ 0.74 $ 0.41 $ 2.23 $ 1.19
Diluted (in dollars per share) $ 0.73 $ 0.41 $ 2.21 $ 1.19
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 307,361,309 240,601,691 300,511,550 233,875,067
Diluted (in shares) 309,207,345 241,099,381 302,357,147 234,184,611
Dividend declared per Share of Common Stock (in dollars per share) $ 0.5 $ 0.46 $ 1.48 $ 1.38