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Net Interest Expense (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Interest income $ 200,811,000 $ 172,952,000 $ 357,237,000 $ 301,430,000
Interest expense:        
Interest expense 207,871,000 178,642,000 373,640,000 310,413,000
Net interest expense (7,060,000) (5,690,000) (16,403,000) (8,983,000)
Nonrelated Party        
Interest income:        
Cash and short-term investments 13,172,000 21,127,000 27,754,000 37,372,000
Principal-only stripped mortgage-backed securities 9,074,000   9,344,000  
Loans held for sale at fair value 86,283,000 78,780,000 151,704,000 139,773,000
Placement fees relating to custodial funds 92,230,000 73,024,000 168,363,000 124,243,000
Other 52,000   52,000  
Interest expense:        
Assets sold under agreements to repurchase 106,587,000 87,480,000 177,022,000 146,703,000
Mortgage loan participation purchase and sale agreements 4,109,000 4,462,000 8,186,000 7,385,000
Notes payable 41,932,000 53,817,000 85,938,000 94,595,000
Unsecured senior notes 43,968,000 23,688,000 82,800,000 47,116,000
Interest shortfall on repayments of mortgage loans serviced for Agency securitizations 7,902,000 6,714,000 14,023,000 9,924,000
Interest on mortgage loan impound deposits 2,962,000 2,225,000 4,949,000 4,192,000
Other 411,000 256,000 722,000 498,000
Interest expense 207,871,000 178,642,000 373,640,000 310,413,000
Related Party | Townsgate Closing Services, LLC        
Interest income:        
Interest income 0 21,000 20,000 42,000
Loan Repo Facility        
Interest expense:        
Assets sold under agreements to repurchase $ 106,587,000 $ 87,480,000 $ 177,022,000 $ 146,703,000