EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND OTHER (Tables)

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

Schedule of General and Administrative Expenses

General and Administrative expenses consist of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Legal and professional	$	35,348	$	16,310	$	65,447	$	65,718
Loan origination	11,929		16,991		33,280		91,907
Occupancy	13,004		29,916		40,981		88,579
Subservicing	31,483		37,899		109,370		126,694
Loan servicing	5,381		3,371		10,878		13,541
Property and maintenance	25,480		24,698		73,450		70,409
Other	67,850		85,439		205,732		229,285
Total general and administrative expenses	$	190,475	$	214,624	$	539,138	$	686,133

Schedule of Components of Other Income (Loss)

The following table summarizes the components of other income (loss):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Real estate and other securities	$	(315,612)	$	(463,607)	$	(354,339)	$	(1,590,625)
Residential mortgage loans and REO	(12,437)		(35,310)		(4,463)		(166,927)
Derivative instruments	194,593		464,618		259,539		1,503,183
Other(A)	5,948		181		(14,469)		(2,287)
Realized and unrealized gains (losses) on investments, net	$	(127,508)	$	(34,118)	$	(113,732)	$	(256,656)
Unrealized gain (loss) on secured notes and bonds payable	$	3,840	$	15,128	$	5,889	$	50,279
Rental revenue	18,297		16,937		54,163		37,339
Property and maintenance revenue	33,953		34,520		100,707		100,860
(Provision) reversal for credit losses on securities	(2,798)		(2,812)		(3,605)		(5,697)
Valuation and credit loss (provision) reversal on loans and real estate owned	(647)		(3,932)		(2,849)		(8,575)
Other income (loss)	18,402		(36,599)		(36,920)		(39,244)
Other income (loss), net	$	71,047	$	23,242	$	117,385	$	134,962
Total Other income (loss)	$	(56,461)	$	(10,876)	$	3,653	$	(121,694)

(A)Includes excess MSRs, servicer advance investments, consumer loans and other.