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Loans Held for Investment at Amortized Cost and Loans Held for Investment at Fair Value - Summary of UPB and Amortized Cost Basis of Loans in COVID-19 Forbearance Program (Details) - COVID 19 Forbearance Program - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2025 | Dec. 31, 2024
Accounts Notes And Loans Receivable [Line Items] |  |  |
UPB Beginning balance | $ 130,539 | $ 142,827 | $ 174,571
UPB Foreclosures | (120) | (1,980) | (5,292)
UPB Repayments | (1,076) | (11,504) | (26,452)
UPB Ending balance | 129,343 | 129,343 | 142,827
UPB Performing/Accruing, Amount | 97,771 | 97,771 | 102,769
UPB Nonperforming/Nonaccrual, Amount | $ 31,572 | $ 31,572 | $ 40,058
UPB Performing/Accruing, Percentage | 75.60% | 75.60% | 72.00%
UPB Nonperforming/Nonaccrual, Percentage | 24.40% | 24.40% | 28.00%
Amortized Cost Beginning balance | $ 131,790 | $ 144,247 | $ 176,515
Amortized Cost Foreclosures | (120) | (1,996) | (5,416)
Amortized Cost Repayments | (1,111) | (11,692) | (26,852)
Amortized Cost Ending balance | 130,559 | 130,559 | 144,247
Amortized Cost Performing/Accruing, Amount | 98,691 | 98,691 | 103,790
Amortized Cost Nonperforming/Nonaccrual, Amount | $ 31,868 | $ 31,868 | $ 40,457
Amortized Cost Performing/Accruing, Percentage | 75.60% | 75.60% | 72.00%
Amortized Cost Nonperforming/Nonaccrual, Percentage | 24.40% | 24.40% | 28.00%

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