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v3.22.2.2

Residential Whole Loans - Residential Whole Loans, at Carrying Value Additional Information (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2022 | Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Weighted Average LTV Ratio | 80.00% |
Settled Whole Loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | $ 6,889,218 | $ 6,315,738
Unpaid Principal Balance (“UPB”) | $ 7,471,463 | $ 6,189,012
Weighted Average Coupon | 5.31% | 5.05%
Weighted Average Term to Maturity (Months) | 287 months | 307 months
Settled Whole Loans | Non-QM loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | $ 3,385,837 | $ 3,453,242
Unpaid Principal Balance (“UPB”) | $ 3,669,113 | $ 3,361,164
Weighted Average Coupon | 5.06% | 5.07%
Weighted Average Term to Maturity (Months) | 353 months | 355 months
Weighted Average LTV Ratio | 65.00% | 66.00%
Weighted Average Original FICO | 733 | 731
Settled Whole Loans | Non-QM loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 3,534,877 | $ 3,165,964
Settled Whole Loans | Non-QM loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 50,120 | 77,581
Settled Whole Loans | Non-QM loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 20,285 | 22,864
Settled Whole Loans | Non-QM loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 63,831 | 94,755
Settled Whole Loans | Residential transition loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 1,243,638 | 727,964
Unpaid Principal Balance (“UPB”) | $ 1,261,611 | $ 731,154
Weighted Average Coupon | 7.41% | 7.18%
Weighted Average Term to Maturity (Months) | 13 months | 11 months
Weighted Average LTV Ratio | 66.00% | 67.00%
Weighted Average Original FICO | 745 | 735
Settled Whole Loans | Residential transition loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 1,174,054 | $ 616,733
Settled Whole Loans | Residential transition loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 8,047 | 5,834
Settled Whole Loans | Residential transition loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 2,000 | 5,553
Settled Whole Loans | Residential transition loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 77,510 | 103,034
Settled Whole Loans | Single-family rental loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 1,319,768 | 949,772
Unpaid Principal Balance (“UPB”) | $ 1,436,439 | $ 924,498
Weighted Average Coupon | 5.61% | 5.46%
Weighted Average Term to Maturity (Months) | 326 months | 329 months
Weighted Average LTV Ratio | 69.00% | 70.00%
Weighted Average Original FICO | 737 | 732
Settled Whole Loans | Single-family rental loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 1,406,215 | $ 898,166
Settled Whole Loans | Single-family rental loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 3,704 | 2,150
Settled Whole Loans | Single-family rental loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 767 | 695
Settled Whole Loans | Single-family rental loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 25,753 | 23,487
Settled Whole Loans | Seasoned performing loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 86,979 | 101,995
Unpaid Principal Balance (“UPB”) | $ 95,443 | $ 111,710
Weighted Average Coupon | 3.09% | 2.76%
Weighted Average Term to Maturity (Months) | 155 months | 162 months
Weighted Average LTV Ratio | 30.00% | 37.00%
Weighted Average Original FICO | 713 | 722
Settled Whole Loans | Seasoned performing loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 87,887 | $ 102,047
Settled Whole Loans | Seasoned performing loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 911 | 938
Settled Whole Loans | Seasoned performing loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 300 | 481
Settled Whole Loans | Seasoned performing loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 6,345 | 8,244
Settled Whole Loans | Agency eligible investor loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 852,996 | 1,082,765
Unpaid Principal Balance (“UPB”) | $ 1,008,857 | $ 1,060,486
Weighted Average Coupon | 3.40% | 3.40%
Weighted Average Term to Maturity (Months) | 345 months | 354 months
Weighted Average LTV Ratio | 61.00% | 62.00%
Weighted Average Original FICO | 767 | 767
Settled Whole Loans | Agency eligible investor loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 1,005,580 | $ 1,039,257
Settled Whole Loans | Agency eligible investor loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 1,301 | 21,229
Settled Whole Loans | Agency eligible investor loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 758 | 0
Settled Whole Loans | Agency eligible investor loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 1,218 | 0
Settled Whole Loans | Purchased Credit Deteriorated Loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 457,268 | 524,992
Unpaid Principal Balance (“UPB”) | $ 567,166 | $ 643,187
Weighted Average Coupon | 4.62% | 4.55%
Weighted Average Term to Maturity (Months) | 279 months | 283 months
Weighted Average LTV Ratio | 64.00% | 69.00%
Settled Whole Loans | Purchased Credit Deteriorated Loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 415,369 | $ 456,924
Settled Whole Loans | Purchased Credit Deteriorated Loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 37,675 | 50,048
Settled Whole Loans | Purchased Credit Deteriorated Loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 17,814 | 18,736
Settled Whole Loans | Purchased Credit Deteriorated Loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 96,308 | 117,479
Settled Whole Loans | Purchased Non-Performing Loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 847,563 | 1,072,270
Unpaid Principal Balance (“UPB”) | $ 926,661 | $ 1,073,544
Weighted Average Coupon | 4.97% | 4.87%
Weighted Average Term to Maturity (Months) | 279 months | 283 months
Weighted Average LTV Ratio | 69.00% | 73.00%
Settled Whole Loans | Purchased Non-Performing Loans | Current |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | $ 454,086 | $ 492,481
Settled Whole Loans | Purchased Non-Performing Loans | 30-59 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 83,492 | 87,041
Settled Whole Loans | Purchased Non-Performing Loans | 60-89 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 45,854 | 40,876
Settled Whole Loans | Purchased Non-Performing Loans | 90 or more |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Aging by UPB | 343,229 | 453,146
Settled Whole Loans | Residential whole loans, total or weighted average |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Total Purchased Performing Loans | 8,194,049 | 7,913,000
Unpaid Principal Balance (“UPB”) | $ 8,965,290 | $ 7,905,743
Weighted Average Coupon | 5.24% | 4.99%
Weighted Average Term to Maturity (Months) | 286 months | 301 months
Settled Whole Loans | Certain rehabilitation loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Weighted Average LTV Ratio | 71.00% | 71.00%
Residential transition loans | Certain rehabilitation loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Securitization of eligible investor loans | $ 194,100 | $ 137,300

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