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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate $ 1,210,450 $ 841,561
Total revenues 1,286,310 841,561
Expenses    
Interest expense and warehouse line fees 414,365 309,068
General and administrative 195,118 167,155
Compensation and benefits 235,778 188,880
Total operating expenses 845,261 665,103
Other Income (Loss)    
Realized and unrealized gains (losses), net (68,134) (78,149)
Other income (loss), net 7,984 (25,166)
Total other income (loss) (60,150) (103,315)
Income (loss) before income taxes 380,899 73,143
Income tax expense (benefit) 93,412 (16,806)
Net income (loss) 287,487 89,949
Noncontrolling interests in income (loss) of consolidated subsidiaries 3,452 (1,300)
Dividends on preferred stock 22,395 22,395
Net income (loss) attributable to common stockholders - basic $ 261,640 $ 68,854
Net Income (loss) per share of common stock    
Basic (in dollars per share) $ 0.54 $ 0.14
Diluted (in dollars per share) $ 0.54 $ 0.14
Weighted average number of shares of common stock outstanding    
Basic (in shares) 483,336,777 478,167,178
Diluted (in shares) 485,931,501 482,846,911
Dividends declared per share of common stock (in dollars per share) $ 0.25 $ 0.25
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 $ 470,203 $ 469,839
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(116,839) and $(105,691) respectively)    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate 84,175 (142,304)
Servicing revenue, net    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate 554,378 327,535
Interest income    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate 448,179 346,614
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 149,545 109,268
Other revenues    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate 58,348 58,144
Asset management revenues    
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate    
Total revenues $ 75,860 $ 0