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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Carrying Value of Mortgage Loans (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Movement in Mortgage Loans on Real Estate [Roll Forward]    
Accretion of loan discount and premium amortization, net $ 811,922 $ 514,522
Transfer of loans to real estate owned (91,414)  
PCD Loans    
Movement in Mortgage Loans on Real Estate [Roll Forward]    
Balance, beginning 190,761  
Purchases/additional fundings 58,884  
Sales 0  
Proceeds from repayments (25,166)  
Accretion of loan discount and premium amortization, net 14,898  
Transfer of loans to real estate owned (21,370)  
Transfer of loans to held-for-sale (23,080)  
Balance, ending 194,927  
Residential Portfolio Segment | Performing Loans    
Movement in Mortgage Loans on Real Estate [Roll Forward]    
Balance, beginning 0  
Purchases/additional fundings 527,098  
Proceeds from repayments (23,704)  
Accretion of loan discount and premium amortization, net 4,387  
Charge-offs (481)  
Transfer of loans to other assets 0  
Transfer of loans to real estate owned 0  
Balance, ending $ 507,300