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EXPENSES, CHANGE IN FAIR VALUE OF INVESTMENTS AND OTHER (Tables)
 9 Months Ended
Sep. 30, 2022
Other Income and Expenses [Abstract]  
Schedule of General and Administrative Expenses
General and Administrative expenses consists of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Legal and professional$16,310 $29,419 $65,718 $66,225 
Loan origination16,991 52,481 91,907 137,642 
Occupancy29,916 18,612 88,579 39,183 
Subservicing37,899 66,404 126,694 161,521 
Loan servicing3,371 3,976 13,541 13,282 
Property and maintenance24,698 19,331 70,409 47,216 
Other
85,439 47,096 229,285 109,097 
Total general and administrative expenses$214,624 $237,319 $686,133 $574,166 
Schedule of Change in Fair Value of Investments
Change in Fair Value of Investments, Net consists of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Excess MSRs
$(3,857)$(4,837)$(5,421)$(13,666)
Excess MSRs, equity method investees
(3,823)(1,176)(1,964)1,421 
Servicer advance investments
(1,031)(1,662)(2,828)(6,535)
Real estate and other securities(A)
572,799 5,538 (412,152)(336,009)
Residential mortgage loans
(41,799)(26,432)(174,196)154,984 
Consumer loans(5,845)(5,708)(26,774)(13,338)
Mortgage loans receivable— — — — 
Derivative instruments
451,896 45,389 1,210,516 214,367 
Total change in fair value of investments, net$968,340 $11,112 $587,181 $1,224 
(A)Net unrealized gains for the three months ended September 30, 2022 primarily reflects the reclassification of $949.2 million of unrealized losses for securities sold during the three months ended September 30, 2022, partially offset by $385.6 million of negative mark to market adjustments on securities still held at September 30, 2022.
Schedule of Gain (Loss) on Settlement of Investments
Gain (Loss) on Settlement of Investments, Net consists of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Gain (loss) on sale of real estate securities
$(1,021,850)$(63,809)$(1,141,486)$(89,500)
Sale of acquired residential mortgage loans6,592 66,807 55,213 116,404 
Settlement of derivatives12,722 (73,978)292,667 (152,913)
Liquidated residential mortgage loans677 (6,497)(43,806)(5,868)
Sale of REO(780)371 (4,138)(3,814)
Extinguishment of debt— — — 83 
Other(1,815)(21,211)(6,784)(53,311)
Total gain (loss) on settlement of investments, net$(1,004,454)$(98,317)$(848,334)$(188,919)
Schedule of Other Income
Other Income (Loss), Net consists of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Unrealized gain (loss) on secured notes and bonds payable$15,128 $4,029 $50,279 $5,245 
Rental revenue16,937 19,072 37,339 39,094 
Property and maintenance revenue34,520 28,755 100,860 73,765 
(Provision) reversal for credit losses on securities(2,812)2,370 (5,697)5,020 
Valuation and credit loss (provision) reversal on loans and real estate owned(3,932)(8,748)(8,575)42,617 
Other income (loss)(36,599)7,410 (39,244)(38,408)
Total other income (loss), net$23,242 $52,888 $134,962 $127,333 
Schedule of Accretion of Discount and Other Amortization
Accretion and Other Amortization as reflected on the Consolidated Statements of Cash Flows consists of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
Accretion of net discount on securities and loans$7,459 $3,317 $20,971 $25,414 
Accretion of servicer advances receivable discount and servicer advance investments515 398 7,371 7,194 
Accretion of excess mortgage servicing rights income7,412 4,195 28,017 16,188 
Amortization of deferred financing costs(4,444)(2,513)(9,826)(10,890)
Amortization of discount on secured notes and bonds payable— (14)— (14)
Amortization of discount on corporate debt (444)(441)(1,303)(1,333)
Total accretion and other amortization
$10,498 $4,942 $45,230 $36,559