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v3.23.1

Residential Whole Loans (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Dec. 31, 2022 USD ($) loan | Mar. 31, 2023 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans |  | $ 1,753,080
Allowance for Credit Losses | $ (35,314) | (33,061)
Total Residential Whole Loans | $ 7,518,739 | $ 7,794,250
Number of loans | loan | 23,843 | 24,052
Agency eligible investor loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Financing receivable, sale | $ 337,800 |
Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Allowance for Credit Losses | (35,314) | $ (33,061)
Total Residential Whole Loans | $ 1,791,215 | $ 1,720,018
Number of loans | loan | 7,126 | 6,930
Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Allowance for Credit Losses | $ 0 | $ 0
Total Residential Whole Loans | $ 5,727,524 | $ 6,074,232
Number of loans | loan | 16,717 | 17,122
Performing |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | $ 6,287,650 | $ 6,591,264
Performing | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 1,356,235 | 1,292,399
Performing | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 4,931,415 | 5,298,865
Nonperforming |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 796,109 | 775,367
Nonperforming | Agency eligible investor loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Financing receivable, sale | 598,000 |
Nonperforming | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 0 | 0
Nonperforming | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 796,109 | 775,367
Non-QM loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans |  | 958,099
Non-QM loans | Performing |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 3,359,830 | 3,459,231
Non-QM loans | Performing | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 987,282 | 958,099
Non-QM loans | Performing | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 2,372,548 | 2,501,132
Transitional loans | Performing |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 1,417,220 | 1,524,905
Transitional loans | Performing | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 75,188 | 53,272
Transitional loans | Performing | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 1,342,032 | 1,471,633
Single-family rental loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans |  | 201,563
Single-family rental loans | Performing |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 1,376,574 | 1,466,809
Single-family rental loans | Performing | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 210,833 | 201,563
Single-family rental loans | Performing | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 1,165,741 | 1,265,246
Seasoned performing loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans |  | 79,465
Seasoned performing loans | Performing |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 82,932 | 79,465
Seasoned performing loans | Performing | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 82,932 | 79,465
Seasoned performing loans | Performing | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 0 | 0
Agency eligible investor loans | Performing |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 51,094 | 60,854
Agency eligible investor loans | Performing | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 0 | 0
Agency eligible investor loans | Performing | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 51,094 | 60,854
Purchased Credit Deteriorated Loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 470,294 | 460,680
Purchased Credit Deteriorated Loans | Carrying Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 470,294 | 460,680
Purchased Credit Deteriorated Loans | Fair Value |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 0 | 0
Single Family Residential Loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | 784,900 | 825,900
Multi-Family Transitional Loans |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Loans | $ 632,300 | $ 699,000

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