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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues $ 3,715,496 $ 4,952,416 $ 3,785,076
Total revenues 3,798,177 4,952,416 3,785,076
Expenses      
Interest expense and warehouse line fees 1,421,254 791,001 497,308
General and administrative 730,752 875,428 864,028
Compensation and benefits 787,092 1,231,446 1,159,810
Management fee to affiliate 0 46,174 95,926
Termination fee to affiliate 0 400,000 0
Total operating expenses 2,939,098 3,344,049 2,617,072
Other income (loss)      
Realized and unrealized gains (losses), net (37,236) (200,181) (207,437)
Other income (loss), net (69,010) (145,385) 3,241
Total other income (loss) (106,246) (345,566) (204,196)
Income (loss) before income taxes 752,833 1,262,801 963,808
Income tax expense 122,159 279,516 158,226
Net income (loss) 630,674 983,285 805,582
Noncontrolling interests in income of consolidated subsidiaries 8,417 28,766 33,356
Dividends on preferred stock 89,579 89,726 66,744
Net income (loss) attributable to common stockholders - basic 532,678 864,793 705,482
Net income (loss) attributable to common stockholders - diluted $ 532,678 $ 864,793 $ 705,482
Net income (loss) per share of common stock      
Basic (in dollars per share) $ 1.11 $ 1.84 $ 1.56
Diluted (in dollars per share) $ 1.10 $ 1.80 $ 1.51
Weighted average number of shares of common stock outstanding      
Basic (in shares) 481,934,951 468,836,718 451,276,742
Diluted (in shares) 483,716,715 481,636,125 467,665,006
Dividends declared per share of common stock (in dollars per share) $ 1.00 $ 1.00 $ 0.90
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues $ 1,860,255 $ 1,831,964 $ 1,559,554
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(518,978), $(631,120) and $(1,192,646), respectively)      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues (565,684) 727,334 (577,763)
Servicing revenue, net      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues 1,294,571 2,559,298 981,791
Interest income      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues 1,676,324 1,075,981 810,896
Gain on originated residential mortgage loans, held-for-sale, net      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues 508,434 1,086,232 1,826,909
Other revenues      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues 236,167 230,905 165,480
Asset management revenues      
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate      
Total revenues $ 82,681 $ 0 $ 0