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MORTGAGE LOAN RECEIVABLES - Activity in Loan Portfolio (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
loan
Jun. 29, 2017
USD ($)
loan
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Activity in loan portfolio              
Realized gain on sale of mortgage loan receivables     $ (775) $ 19,640 $ (1,774) $ 30,265  
Transfer between held for investment and held for sale         719,465 0  
Loan loss provision     0 0 0 (300)  
Loans held for sale transferred loan held for investment, book value $ 120,000   120,000   120,000    
Loans held for sale transferred to loans held for investments, fair value 119,900   119,900   $ 119,900    
Loans transferred from held for sale to held for investments, remaining maturity         3 years    
Outstanding Face Amount 3,989,046   3,989,046   $ 3,989,046   $ 2,371,827
Unamortized discounts included in mortgage loan receivables held for investment, at amortized cost 2,300   2,300   2,300   600
Mortgage loan receivables held for investment, net, at amortized cost              
Activity in loan portfolio              
Balance at the beginning of the period         1,996,095 1,738,645  
Origination of mortgage loan receivables         869,981 531,000  
Purchases of mortgage loan receivables         94,079    
Repayment of mortgage loan receivables         (246,060) (632,825)  
Proceeds from sales of mortgage loan receivables         0 0  
Realized gain on sale of mortgage loan receivables         0 0  
Transfer between held for investment and held for sale         719,465    
Accretion/amortization of discount, premium and other fees         7,905 6,515  
Loan loss provision           (300)  
Balance at the end of the period 3,441,465   3,441,465 1,643,035 3,441,465 1,643,035  
Provision for loan losses         4,000 4,000  
Outstanding Face Amount 3,462,961   3,462,961   3,462,961   2,011,309
Mortgage loan receivables held for sale              
Activity in loan portfolio              
Balance at the beginning of the period         357,882 571,764  
Origination of mortgage loan receivables         887,978 887,164  
Purchases of mortgage loan receivables         0    
Repayment of mortgage loan receivables         (1,655) (1,161)  
Proceeds from sales of mortgage loan receivables         (5) (703,846)  
Realized gain on sale of mortgage loan receivables         (1,774) 30,265  
Transfer between held for investment and held for sale         (719,465)    
Accretion/amortization of discount, premium and other fees         0 0  
Loan loss provision           0  
Balance at the end of the period 522,961   522,961 $ 784,186 522,961 $ 784,186  
Realized losses on loans recorded as other than temporary impairments 1,800   1,800   1,800    
Outstanding Face Amount $ 526,085   526,085   526,085   360,518
First mortgage loan, held for investment              
Activity in loan portfolio              
Mortgage Loans on Real Estate, Number of Loans | loan 34 34          
Outstanding Face Amount $ 2,703,936 $ 549,000 2,703,936   2,703,936   $ 1,843,006
Carrying Value $ 546,700 $ 547,700 $ 546,700   $ 546,700