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FAIR VALUE MEASUREMENTS (AS RESTATED) - Real Estate And Other Securities Valuation Methodology and Results (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
source
Dec. 31, 2022
USD ($)
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Outstanding Face Amount $ 18,562,039 $ 18,112,783    
Amortized Cost Basis 9,195,898 7,896,342    
Real estate and other securities $ 9,337,159 7,952,889 $ 9,201,474 $ 8,722,018
Number of broker quotation sources | source 2      
Multiple Quotes        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities $ 9,110,673 7,952,875    
Single Quote        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities 226,486 14    
Agency        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Outstanding Face Amount 8,590,260 7,463,522    
Amortized Cost Basis 8,417,025 7,290,473    
Agency | Level 2        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities 8,533,130 7,338,417    
Agency | Level 2 | Multiple Quotes        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities 8,533,130 7,338,417    
Agency | Level 2 | Single Quote        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities 0 0    
Non-Agency        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Outstanding Face Amount 9,971,779 10,649,261    
Amortized Cost Basis $ 778,873 $ 605,869    
Percent of securities 60.70% 49.80%    
Fair Value $ 488,314 $ 305,847    
Non-Agency | Minimum | Discount Rate        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.041 0.035    
Non-Agency | Minimum | Prepayment Rate        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.000 0    
Non-Agency | Minimum | CDR        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.004 0    
Non-Agency | Minimum | Loss Severity        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.175 0    
Non-Agency | Maximum | Discount Rate        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.335 0.150    
Non-Agency | Maximum | Prepayment Rate        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.200 1.000    
Non-Agency | Maximum | CDR        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.080 0.120    
Non-Agency | Maximum | Loss Severity        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.450 0.880    
Non-Agency | Weighted Average | Discount Rate        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.063 0.075    
Non-Agency | Weighted Average | Prepayment Rate        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.116 0.064    
Non-Agency | Weighted Average | CDR        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.017 0.002    
Non-Agency | Weighted Average | Loss Severity        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Discount Rate 0.327 0.072    
Non-Agency | Level 3        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities $ 804,029 $ 614,472    
Non-Agency | Level 3 | Multiple Quotes        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities 577,543 614,458    
Non-Agency | Level 3 | Single Quote        
Fair Value Measurement Inputs and Valuation Techniques [Line Items]        
Real estate and other securities $ 226,486 $ 14