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Residential Whole Loans - Narrative (Details)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2024

USD ($)

Mar. 31, 2024

USD ($)

Jun. 30, 2024

USD ($)

loan

Dec. 31, 2023

USD ($)

loan

Accounts, Notes, Loans and Financing Receivable [Line Items]

Total Residential whole loans

^[1],[2]

$ 9,186,236

$ 9,186,236

$ 9,041,292

Interest income

3,000

6,300

Number of loan modifications | loan

3

Average increase in weighted life

28 months

Loan carrying value

500

$ 500

90 or more

Accounts, Notes, Loans and Financing Receivable [Line Items]

Number of loan modifications | loan

3

Nonperforming

Accounts, Notes, Loans and Financing Receivable [Line Items]

Interest income

2,000

$ 2,000

Without Associated Credit Losses

Accounts, Notes, Loans and Financing Receivable [Line Items]

Financing receivable, nonaccrual

46,700

46,700

$ 51,600

Residential whole loan

Accounts, Notes, Loans and Financing Receivable [Line Items]

Total Residential whole loans

9,186,236

9,186,236

9,041,292

Financing receivable, sale

12,400

Gain (loss) on sale of receivables

400

Reversal of previously recorded unrealized losses or gains

(200)

Gain from sale of loans

200

Financing receivable, nonaccrual

602,000

602,000

624,100

Residential whole loan | Non-QM and Single-Family Rental Loans

Accounts, Notes, Loans and Financing Receivable [Line Items]

Financing receivable, sale

$ 171,000

Gain (loss) on sale of receivables

(21,700)

Reversal of previously recorded unrealized losses or gains

23,700

Gain from sale of loans

$ 2,000

Residential whole loan | Non-QM loans

Accounts, Notes, Loans and Financing Receivable [Line Items]

Total Residential whole loans

$ 3,994,236

$ 3,994,236

$ 3,700,052

[1]	Includes approximately $6.0 billion and $5.7 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at June 30, 2024 and December 31, 2023, respectively. Such assets can be used only to settle the obligations of each respective VIE.
[2]	See Note 6 for information regarding the Company’s pledged assets.

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