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FAIR VALUE MEASUREMENT - Securities Valuation Methodology and Results (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
source
Dec. 31, 2017
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Outstanding Face Amount $ 22,152,845 $ 14,822,986
Amortized Cost Basis 11,212,428 7,704,765
Real estate and other securities, available-for-sale $ 11,636,581 8,071,140
Number of broker quotation sources | source 2  
Percentage of instruments with ranges of assumptions used available 73.30%  
Fair Value $ 117,903  
Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Outstanding Face Amount 2,613,395 1,203,629
Amortized Cost Basis 2,657,917 1,247,093
Real estate and other securities, available-for-sale 2,665,618 1,243,617
Treasury    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Outstanding Face Amount   862,000
Amortized Cost Basis   858,028
Real estate and other securities, available-for-sale   852,734
Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Outstanding Face Amount 19,539,450 12,757,357
Amortized Cost Basis 8,554,511 5,599,644
Real estate and other securities, available-for-sale 8,970,963 5,974,789
Fair Value 6,578,455  
Multiple Quotes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 11,625,463 8,059,928
Single Quote    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 11,118 11,212
Single Quote | Seller    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 11,100 10,500
Level 2 | Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 2,665,618 1,243,617
Level 2 | Treasury    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale   852,734
Level 2 | Multiple Quotes | Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 2,665,618 1,243,617
Level 2 | Multiple Quotes | Treasury    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale   852,734
Level 2 | Single Quote | Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 0 0
Level 2 | Single Quote | Treasury    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale   0
Level 3 | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 8,970,963 5,974,789
Level 3 | Multiple Quotes | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale 8,959,845 5,963,577
Level 3 | Single Quote | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Real estate and other securities, available-for-sale $ 11,118 $ 11,212
Discount Rate | Minimum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.0278  
Discount Rate | Maximum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.30  
Prepayment Rate | Minimum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.0025  
Prepayment Rate | Maximum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.250  
CDR | Minimum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.0025  
CDR | Maximum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.0900  
Loss Severity | Minimum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 0.050  
Loss Severity | Maximum | Non-Agency    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement Input 1.00