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RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 1 year 2 months 12 days  
Total residential mortgage loans, HFI, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 434,474  
Carrying Value $ 365,398 $ 379,044
Loan Count | loan 8,070  
Weighted Average Yield 8.10%  
Weighted Average Life (Years) 5 years 2 months 12 days  
Total residential mortgage loans, HFS, 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 $ 89,460  
Carrying Value $ 74,415 78,877
Loan Count | loan 2,143  
Weighted Average Yield 8.10%  
Weighted Average Life (Years) 5 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 $ 64,851  
Carrying Value $ 54,056 57,038
Loan Count | loan 1,841  
Weighted Average Yield 8.00%  
Weighted Average Life (Years) 5 years 3 months 18 days  
Acquired performing loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 228,600  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 24,609  
Carrying Value $ 20,359 21,839
Loan Count | loan 302  
Weighted Average Yield 8.50%  
Weighted Average Life (Years) 6 years  
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 $ 222,700  
Total residential mortgage loans, HFS, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 3,701,355  
Carrying Value $ 3,691,700 2,461,865
Loan Count | loan 13,509  
Weighted Average Yield 6.50%  
Weighted Average Life (Years) 27 years  
Acquired performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 542,335  
Carrying Value $ 490,552 400,603
Loan Count | loan 2,979  
Weighted Average Yield 5.70%  
Weighted Average Life (Years) 15 years 9 months 18 days  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 294,077  
Carrying Value $ 271,316 204,950
Loan Count | loan 1,501  
Weighted Average Yield 4.80%  
Weighted Average Life (Years) 23 years 1 month 6 days  
Originated loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 2,864,943  
Carrying Value $ 2,929,832 1,856,312
Loan Count | loan 9,029  
Weighted Average Yield 6.80%  
Weighted Average Life (Years) 29 years 6 months  
Total residential mortgage loans, HFS, at fair value and lower of cost or fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 3,790,815  
Carrying Value $ 3,766,115 $ 2,540,742