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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Interest income $ 1,664,223 $ 1,519,679 $ 1,076,735
Interest expense 606,433 460,865 373,424
Net interest income 1,057,790 1,058,814 703,311
Impairment      
Other-than-temporary impairment (OTTI) on securities 30,017 10,334 10,264
Valuation and loss provision (reversal) on loans and real estate owned 60,624 75,758 77,716
Total Impairment Charges 90,641 86,092 87,980
Net interest income after impairment 967,149 972,722 615,331
Servicing revenue, net 528,595 424,349 118,169
Gain on sale of originated mortgage loans, net 89,017 0 0
Other Income      
Change in fair value of investments in excess mortgage servicing rights (58,656) 4,322 (7,297)
Change in fair value of investments in excess mortgage servicing rights, equity method investees 8,357 12,617 16,526
Change in fair value of investments in mortgage servicing rights financing receivables 31,550 66,394 0
Change in fair value of servicer advance investments (89,332) 84,418 (7,768)
Change in fair value of investments in residential mortgage loans 73,515 0 0
Gain on consumer loans investment 0 0 9,943
Gain on remeasurement of consumer loans investment 0 0 71,250
Gain (loss) on settlement of investments, net 103,842 10,310 (48,800)
Earnings from investments in consumer loans, equity method investees 10,803 25,617 0
Other income (loss), net (124,336) 4,108 28,483
Total Other Income (44,257) 207,786 62,337
Operating Expenses      
General and administrative expenses 231,579 67,159 38,570
Management fee to affiliate 62,594 55,634 41,610
Incentive compensation to affiliate 94,900 81,373 42,197
Loan servicing expense 43,547 52,330 44,001
Subservicing expense 176,784 166,081 7,832
Total Operating Expenses 609,404 422,577 174,210
Income (Loss) Before Income Taxes 931,100 1,182,280 621,627
Income tax (benefit) expense (73,431) 167,628 38,911
Net Income (Loss) 1,004,531 1,014,652 582,716
Noncontrolling Interests in Income of Consolidated Subsidiaries 40,564 57,119 78,263
Net income (loss) attributable to common stockholders $ 963,967 $ 957,533 $ 504,453
Net Income Per Share of Common Stock      
Basic (in dollars per share) $ 2.82 $ 3.17 $ 2.12
Diluted (in dollars per share) $ 2.81 $ 3.15 $ 2.12
Weighted Average Number of Shares of Common Stock Outstanding      
Basic (in shares) 341,268,923 302,238,065 238,122,665
Diluted (in shares) 343,137,361 304,381,388 238,486,772
Dividends declared per Share of Common Stock (in dollars per share) $ 2 $ 1.98 $ 1.84