XML 64 R53.htm IDEA: XBRL DOCUMENT v3.25.3
Residential Whole Loans - Interest Income Components (Details) - Residential whole loans - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income $ 153,290 $ 157,406 $ 459,168 $ 480,788
Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 76,742 58,467 212,273 173,077
Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 55,983 78,298 186,933 241,714
Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 21,636 26,333 65,780 80,999
Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 18,991 28,486 68,535 86,746
Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 15,356 23,479 52,618 73,969
Legacy RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 20,086 20,139 58,541 64,453
Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 479 502 1,421 1,544
Held at Carrying Value        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 17,976 20,654 59,216 64,767
Held at Carrying Value | Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 8,649 10,357 28,069 33,306
Held at Carrying Value | Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 1,950 2,534 9,471 7,765
Held at Carrying Value | Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 1,740 2,285 5,433 7,123
Held at Carrying Value | Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 210 249 4,038 642
Held at Carrying Value | Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 0 0 0 0
Held at Carrying Value | Legacy RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 7,377 7,763 21,676 23,696
Held at Carrying Value | Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 0 0 0 0
Held at Fair Value        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 135,314 136,752 399,952 416,021
Held at Fair Value | Non-QM loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 68,093 48,110 184,204 139,771
Held at Fair Value | Business purpose loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 54,033 75,764 177,462 233,949
Held at Fair Value | Business purpose loans | Single-family rental loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 19,896 24,048 60,347 73,876
Held at Fair Value | Business purpose loans | Single-family transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 18,781 28,237 64,497 86,104
Held at Fair Value | Business purpose loans | Multifamily transitional loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 15,356 23,479 52,618 73,969
Held at Fair Value | Legacy RPL/NPL loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income 12,709 12,376 36,865 40,757
Held at Fair Value | Other loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Interest income $ 479 $ 502 $ 1,421 $ 1,544