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RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 1 year 1 month 6 days  
Residential mortgage loans held-for-investment, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 498,602  
Carrying Value $ 426,259 $ 452,519
Loan Count | loan 9,278  
Weighted Average Yield 9.10%  
Weighted Average Life (Years) 4 years 4 months 24 days  
Total residential mortgage loans, held-for-sale, at lower of cost or market    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 113,108  
Carrying Value $ 97,511 101,027
Loan Count | loan 2,607  
Weighted Average Yield 8.70%  
Weighted Average Life (Years) 4 years 6 months  
Acquired performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 81,396  
Carrying Value $ 70,897 72,425
Loan Count | loan 2,204  
Weighted Average Yield 8.50%  
Weighted Average Life (Years) 5 years  
Acquired performing loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 433,200  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 31,712  
Carrying Value $ 26,614 28,602
Loan Count | loan 403  
Weighted Average Yield 9.10%  
Weighted Average Life (Years) 3 years 2 months 12 days  
Acquired non-performing loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 240,300  
Total residential mortgage loans, held-for-sale, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 2,803,432  
Carrying Value $ 2,743,809 3,297,271
Loan Count | loan 10,944  
Weighted Average Yield 5.90%  
Weighted Average Life (Years) 24 years  
Acquired performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 983,700  
Carrying Value $ 945,582 890,131
Loan Count | loan 4,188  
Weighted Average Yield 5.80%  
Weighted Average Life (Years) 15 years 1 month 6 days  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 263,732  
Carrying Value $ 244,752 340,342
Loan Count | loan 1,403  
Weighted Average Yield 4.60%  
Weighted Average Life (Years) 26 years 10 months 24 days  
Originated loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,556,000  
Carrying Value $ 1,553,475 2,066,798
Loan Count | loan 5,353  
Weighted Average Yield 6.10%  
Weighted Average Life (Years) 29 years 2 months 12 days  
Total residential mortgage loans, held-for-sale, at fair value/lower of cost or market    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 2,916,540  
Carrying Value $ 2,841,320 $ 3,398,298