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EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 22, 2020
May 19, 2020
Feb. 14, 2020
Aug. 20, 2019
Aug. 15, 2019
Aug. 01, 2019
Jul. 02, 2019
Jul. 30, 2018
Feb. 29, 2020
Aug. 31, 2019
Jul. 31, 2019
Feb. 28, 2019
Jun. 30, 2020
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Issuance of stock (in shares)                       46,000,000.0        
Shares issued, price per share (in dollars per share)                       $ 16.50        
Issuance of common stock                       $ 751,700   $ 1,734 $ 752,217  
Options granted (in shares)                           1,619,739    
Common stock, par value (in dollars per share)                         $ 0.01 $ 0.01   $ 0.01
Number of shares issued (in shares)                 33,610,000              
Preferred stock, par values (in dollars per share)                         $ 0.01 $ 0.01   $ 0.01
Common stock, shares outstanding (in shares)                         415,744,518 415,744,518   415,520,780
Authorized repurchase amount       $ 200,000                        
Share repurchases (in shares)       0                        
Fair value   $ 53,500                            
Share price (in dollars per share)                         $ 7.43 $ 7.43    
Fortress-managed funds                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Common stock, shares outstanding (in shares)                         2,400,000 2,400,000    
Share-based Payment Arrangement, Nonemployee                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Options granted (in shares)                       4,600,000        
Options granted, fair value                       $ 3,800        
Risk free interest rate                       2.40%        
Expected dividend rate                       9.30%        
Expected volatility rate                       19.26%        
Expected term (in years)                       10 years        
Share-based Payment Arrangement, Nonemployee | Common stock purchase warrants                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Options granted (in shares)                           43,400,000    
Risk free interest rate   0.24%                            
Expected volatility rate   35.00%                            
Expected term (in years)   3 years                            
Exercise price range, lower range limit (in dollars per share)   $ 6.11                            
Exercise price range, upper range limit (in dollars per share)   $ 7.94                            
Share-based Payment Arrangement, Nonemployee | Common stock purchase warrants | Exercise Price One                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Shares exercisable (in shares)   24,600,000                            
Exercise price (in dollars per share)   $ 6.11                            
Share-based Payment Arrangement, Nonemployee | Common stock purchase warrants | Exercise Price Two                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Shares exercisable (in shares)   18,900,000                            
Exercise price (in dollars per share)   $ 7.94                            
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Risk free interest rate             1.91%                  
Expected dividend rate             9.73%                  
Expected volatility rate             17.95%                  
Expected term (in years)             10 years                  
Net proceeds from liquidation             $ 150,000                  
Number of shares issued (in shares)             6,200,000       6,210,000          
Interest rate             7.50%       7.50%     7.50%   7.50%
Preferred stock, par values (in dollars per share)             $ 0.01           $ 0.01 $ 0.01   $ 0.01
Liquidation preference per share (in dollars per share)             $ 25.00                  
Dividends declared on preferred stock (in dollars per share) $ 0.47                       0.47 $ 0.94    
Preferred dividends $ 2,900                              
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | Share-based Payment Arrangement, Nonemployee                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Fair value of options granted to Manager             $ 500                  
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Risk free interest rate         1.56%                      
Expected dividend rate         11.20%                      
Expected volatility rate         18.23%                      
Expected term (in years)         10 years                      
Net proceeds from liquidation         $ 273,400                      
Number of shares issued (in shares)         11,300,000         11,300,000            
Interest rate         7.125%         7.125%       7.125%   7.125%
Preferred stock, par values (in dollars per share)         $ 0.01               0.01 $ 0.01   $ 0.01
Liquidation preference per share (in dollars per share)             $ 25.00                  
Dividends declared on preferred stock (in dollars per share) $ 0.45                       0.45 $ 890    
Preferred dividends $ 5,100                              
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | Share-based Payment Arrangement, Nonemployee                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Fair value of options granted to Manager         $ 700                      
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Risk free interest rate     1.55%                          
Expected dividend rate     9.00%                          
Expected volatility rate     17.39%                          
Expected term (in years)     10 years                          
Net proceeds from liquidation     $ 389,500                          
Number of shares issued (in shares)     16,100,000                          
Interest rate     6.375%                     6.375%   6.375%
Preferred stock, par values (in dollars per share)     $ 0.01                   $ 0.01 $ 0.01   $ 0.01
Liquidation preference per share (in dollars per share)     $ 25.00                          
Dividends declared on preferred stock (in dollars per share) $ 0.40                              
Preferred dividends $ 6,400                              
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | Share-based Payment Arrangement, Nonemployee                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Fair value of options granted to Manager     $ 1,000                          
Distribution Agreement                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Common stock, par value (in dollars per share)               $ 0.01                
Over-Allotment Option | 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Number of shares issued (in shares)             600,000                  
Over-Allotment Option | 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Number of shares issued (in shares)         1,100,000                      
Over-Allotment Option | 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Number of shares issued (in shares)     1,600,000                          
Common Stock | Distribution Agreement                                
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]                                
Net proceeds from liquidation           $ 500,000   $ 500,000