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RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type (Details)
$ in Thousands
6 Months Ended
Jun. 30, 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) 4 years  
Investments of Consolidated CFEs    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 3,577,247  
Carrying Value $ 3,347,246 $ 3,038,587
Loan Count | loan 10,411  
Weighted Average Yield 5.50%  
Weighted Average Life (Years) 25 years 10 months 24 days  
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 $ 421,507  
Carrying Value $ 368,866 379,044
Loan Count | loan 7,823  
Weighted Average Yield 8.50%  
Weighted Average Life (Years) 5 years 2 months 12 days  
Total residential mortgage loans, HFS    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 83,301  
Carrying Value $ 72,894 78,877
Loan Count | loan 2,037  
Weighted Average Yield 7.50%  
Weighted Average Life (Years) 5 years 1 month 6 days  
Acquired performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 61,427  
Carrying Value $ 53,951 57,038
Loan Count | loan 1,790  
Weighted Average Yield 8.00%  
Weighted Average Life (Years) 5 years 6 months  
Acquired performing loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid principal balance of underlying loans $ 217,200  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 21,874  
Carrying Value $ 18,943 21,839
Loan Count | loan 247  
Weighted Average Yield 6.10%  
Weighted Average Life (Years) 3 years 10 months 24 days  
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 of underlying loans $ 192,600  
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 3,807,723  
Carrying Value $ 3,837,929 2,461,865
Loan Count | loan 14,043  
Weighted Average Yield 6.70%  
Weighted Average Life (Years) 24 years 9 months 18 days  
Acquired performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 850,561  
Carrying Value $ 834,383 400,603
Loan Count | loan 3,041  
Weighted Average Yield 5.80%  
Weighted Average Life (Years) 11 years 2 months 12 days  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 233,580  
Carrying Value $ 214,071 204,950
Loan Count | loan 1,130  
Weighted Average Yield 3.70%  
Weighted Average Life (Years) 23 years  
Originated loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 2,723,582  
Carrying Value $ 2,789,475 $ 1,856,312
Loan Count | loan 9,872  
Weighted Average Yield 7.20%  
Weighted Average Life (Years) 29 years 2 months 12 days