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Net Interest Expense (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest income $ 156,426,000 $ 128,478,000
Interest expense:    
Interest expense 165,769,000 131,771,000
Net interest expense (9,343,000) (3,293,000)
Nonrelated Party    
Interest income:    
Cash and short-term investments 14,582,000 16,245,000
Principal-only stripped mortgage-backed securities 270,000  
Loans held for sale at fair value 65,421,000 60,993,000
Placement fees relating to custodial funds 76,133,000 51,219,000
Interest expense:    
Assets sold under agreements to repurchase 70,435,000 59,223,000
Mortgage loan participation purchase and sale agreements 4,077,000 2,923,000
Notes payable 44,006,000 40,778,000
Unsecured senior notes 38,832,000 23,428,000
Interest shortfall on repayments of mortgage loans serviced for Agency securitizations 6,121,000 3,210,000
Interest on mortgage loan impound deposits 1,987,000 1,967,000
Other 311,000 242,000
Interest expense 165,769,000 131,771,000
Related Party | Townsgate Closing Services, LLC    
Interest income:    
Interest income 20,000 21,000
Loan Repo Facility    
Interest expense:    
Assets sold under agreements to repurchase $ 70,435,000 $ 59,223,000