XML 62 R51.htm IDEA: XBRL DOCUMENT v3.24.3
Residential Whole Loans - Additional Credit Related Information (Details) - Residential whole loan - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]                
Gross write-offs $ 672 $ 5,262 $ 379 $ 1,226 $ 2,292 $ 2,567    
Business purpose loans                
Financing Receivable, Credit Quality Indicator [Line Items]                
Total 3,684,042           $ 3,684,042 $ 3,996,292
Non-QM loans                
Financing Receivable, Credit Quality Indicator [Line Items]                
Total 4,172,797           4,172,797 3,805,577
Gross write-offs 0 0 0 0 206 0    
Legacy RPL/NPL loans                
Financing Receivable, Credit Quality Indicator [Line Items]                
Total 1,125,280           1,125,280 1,204,095
Gross write-offs 52 $ 170 $ 22 $ 110 $ 301 $ 113    
Carrying Value                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 48,548           48,548  
2020 184,024           184,024  
Prior 1,130,715           1,130,715  
Total 1,363,287           1,363,287  
Gross write-offs, 2022             0  
Gross write-offs, 2021             12  
Gross write-offs, 2020             367  
Gross write-offs, prior             5,935  
Gross write-offs             6,314  
Carrying Value | Debt-to-Value Ratio, Less Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 46,624           46,624  
2020 175,009           175,009  
Prior 1,067,670           1,067,670  
Total 1,289,303           1,289,303  
Carrying Value | Debt-to-Value Ratio, Greater Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 1,924           1,924  
2020 9,015           9,015  
Prior 63,045           63,045  
Total 73,984           73,984  
Carrying Value | Business purpose loans                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 7,139           7,139  
2020 19,109           19,109  
Prior 118,287           118,287  
Total 144,535           144,535 207,680
Gross write-offs, 2022             0  
Gross write-offs, 2021             12  
Gross write-offs, 2020             367  
Gross write-offs, prior             5,690  
Gross write-offs             6,069  
Carrying Value | Business purpose loans | Debt-to-Value Ratio, Less Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 7,139           7,139  
2020 17,139           17,139  
Prior 113,636           113,636  
Total 137,914           137,914  
Carrying Value | Business purpose loans | Debt-to-Value Ratio, Greater Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 0           0  
2020 1,970           1,970  
Prior 4,651           4,651  
Total 6,621           6,621  
Carrying Value | Non-QM loans                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 41,409           41,409  
2020 164,915           164,915  
Prior 545,226           545,226  
Total 751,550           751,550 843,884
Gross write-offs, 2022             0  
Gross write-offs, 2021             0  
Gross write-offs, 2020             0  
Gross write-offs, prior             0  
Gross write-offs             0  
Carrying Value | Non-QM loans | Debt-to-Value Ratio, Less Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 39,485           39,485  
2020 157,870           157,870  
Prior 540,769           540,769  
Total 738,124           738,124  
Carrying Value | Non-QM loans | Debt-to-Value Ratio, Greater Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 1,924           1,924  
2020 7,045           7,045  
Prior 4,457           4,457  
Total 13,426           13,426  
Carrying Value | Legacy RPL/NPL loans                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 0           0  
2020 0           0  
Prior 467,202           467,202  
Total 467,202           467,202 $ 498,671
Gross write-offs, 2022             0  
Gross write-offs, 2021             0  
Gross write-offs, 2020             0  
Gross write-offs, prior             245  
Gross write-offs             245  
Carrying Value | Legacy RPL/NPL loans | Debt-to-Value Ratio, Less Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 0           0  
2020 0           0  
Prior 413,265           413,265  
Total 413,265           413,265  
Carrying Value | Legacy RPL/NPL loans | Debt-to-Value Ratio, Greater Than 80 Percent                
Financing Receivable, Credit Quality Indicator [Line Items]                
2022 0           0  
2021 0           0  
2020 0           0  
Prior 53,937           53,937  
Total $ 53,937           $ 53,937