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REAL ESTATE SECURITIES - Securities by Remaining Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]    
Within 1 year $ 370,709 $ 343,834
1-5 years 1,263,309 884,997
5-10 years 141,193 169,743
After 10 years 0 2
Total 1,775,211 1,398,576
CMBS    
Debt Securities, Available-for-sale [Line Items]    
Within 1 year 368,984 342,121
1-5 years 1,143,775 772,594
5-10 years 140,944 137,925
After 10 years 0 0
Total 1,653,703 1,252,640
CMBS interest-only    
Debt Securities, Available-for-sale [Line Items]    
Within 1 year 1,014 1,145
1-5 years 43,038 54,546
5-10 years 0 0
After 10 years 0 0
Total 44,052 55,691
GNMA interest-only    
Debt Securities, Available-for-sale [Line Items]    
Within 1 year 297 17
1-5 years 1,745 2,276
5-10 years 249 353
After 10 years 0 2
Total 2,291 2,648
Agency securities    
Debt Securities, Available-for-sale [Line Items]    
Within 1 year 0 0
1-5 years 663 662
5-10 years 0 0
After 10 years 0 0
Total 663 662
GNMA permanent securities    
Debt Securities, Available-for-sale [Line Items]    
Within 1 year 414 551
1-5 years 32,670 1,048
5-10 years 0 31,465
After 10 years 0 0
Total 33,084 33,064
Corporate bonds    
Debt Securities, Available-for-sale [Line Items]    
Within 1 year 0 0
1-5 years 41,418 53,871
5-10 years 0 0
After 10 years 0 0
Total $ 41,418 $ 53,871