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DERIVATIVES - Derivatives Gain (Losses) (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Derivative [Line Items]        
Servicing revenue, net $ 0 $ (18,505,000) $ 0 $ (11,316,000)
Gain on originated residential mortgage loans, held-for-sale, net 7,274,000 129,233,000 24,914,000 96,017,000
Realized and unrealized gains (losses) on investments, net 194,593,000 464,618,000 259,539,000 1,503,183,000
Total gain (loss) 201,867,000 575,346,000 284,453,000 1,587,884,000
Gain (loss) on settlement of residential mortgage loan 67,377,000 57,407,000 65,798,000 1,109,163,000
Servicing Revenue        
Derivative [Line Items]        
Gain (loss) on settlement of derivative instruments 0 (2,200,000) 0 (79,000,000)
TBAs        
Derivative [Line Items]        
Servicing revenue, net 0 (18,505,000) 0 (15,205,000)
Gain on originated residential mortgage loans, held-for-sale, net 15,574,000 233,673,000 28,803,000 250,661,000
Realized and unrealized gains (losses) on investments, net 3,066,000 (651,000) (3,808,000) 357,987,000
Treasury futures        
Derivative [Line Items]        
Servicing revenue, net 0 0 0 (1,746,000)
Options on treasury futures        
Derivative [Line Items]        
Servicing revenue, net 0 0 0 5,635,000
Interest rate lock commitments        
Derivative [Line Items]        
Gain on originated residential mortgage loans, held-for-sale, net (8,630,000) (104,440,000) (2,288,000) (154,644,000)
Interest rate swaps        
Derivative [Line Items]        
Gain on originated residential mortgage loans, held-for-sale, net 330,000 0 (1,601,000) 0
Realized and unrealized gains (losses) on investments, net $ 191,527,000 $ 465,269,000 $ 263,347,000 $ 1,145,196,000