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Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets      
Investment securities available for sale: $ 0 $ 31,000  
Derivative assets:      
Derivative assets 64,950,000 19,604,000  
Mortgage servicing rights 21,003,000 0 $ 0
Derivative liabilities:      
Derivative assets 56,000 6,510,000  
Variation Margin 9,120,000 27,447,000  
Interest rate caps      
Derivative assets:      
Derivative assets 56,000 6,510,000  
Interest rate swaps      
Derivative assets:      
Derivative assets 63,942,000 13,094,000  
Derivative liabilities:      
Variation Margin 0 27,447,000  
U.S. Treasury futures      
Derivative assets:      
Derivative assets 952,000    
Derivative liabilities:      
Variation Margin 0    
Credit default swaps      
Derivative liabilities:      
Variation Margin 9,120,000    
Fair Value, Measurements, Recurring      
Assets      
Equity investments 113,492,000 147,116,000  
Assets of disposal group held for sale 67,000 2,960,000  
Total 7,891,092,000 5,350,498,000  
Derivative liabilities:      
Total 2,195,990,000 593,737,000  
Fair Value, Measurements, Recurring | Senior unsecured notes      
Liabilities carried at fair value      
Senior unsecured notes 60,310,000 0  
Fair Value, Measurements, Recurring | Interest rate caps      
Derivative assets:      
Derivative assets 56,000 6,510,000  
Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Derivative assets 0 0  
Derivative liabilities:      
Derivative liability 0 0  
Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative assets:      
Derivative assets 0 0  
Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities:      
Derivative liability 0 0  
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures      
Derivative liabilities:      
Variation Margin 45,000,000 27,400,000  
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures | Central Clearing House      
Derivative liabilities:      
Derivative liability 19,900,000 40,500,000  
Derivative assets 64,900,000 13,100,000  
Fair Value, Measurements, Recurring | Residential loans      
Assets      
Residential loans, at fair value 632,266,000 827,535,000  
Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets      
Residential loans, at fair value 965,672,000 754,860,000  
Liabilities carried at fair value      
Consolidated SLST 811,591,000 593,737,000  
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts      
Assets      
Residential loans, at fair value 2,243,800,000 1,501,908,000  
Fair Value, Measurements, Recurring | Agency RMBS      
Assets      
Investment securities available for sale: 3,136,812,000 1,989,324,000  
Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets      
Investment securities available for sale: 69,687,000 24,493,000  
Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets      
Investment securities available for sale: 622,045,000 0  
Fair Value, Measurements, Recurring | Multi-family loans      
Assets      
Multi-family loans 86,192,000 95,792,000  
Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 21,003,000 0  
Fair Value, Measurements, Recurring | Residential loan securitizations at fair value      
Liabilities carried at fair value      
Consolidated SLST 1,253,332,000 0  
Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 70,757,000 0  
Level 1 | Fair Value, Measurements, Recurring      
Assets      
Equity investments 0 0  
Assets of disposal group held for sale 0 0  
Total 0 0  
Derivative liabilities:      
Total 0 0  
Level 1 | Fair Value, Measurements, Recurring | Senior unsecured notes      
Liabilities carried at fair value      
Senior unsecured notes 0 0  
Level 1 | Fair Value, Measurements, Recurring | Interest rate caps      
Derivative assets:      
Derivative assets 0 0  
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Derivative assets 0 0  
Derivative liabilities:      
Derivative liability 0 0  
Level 1 | Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative assets:      
Derivative assets 0 0  
Level 1 | Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities:      
Derivative liability 0 0  
Level 1 | Fair Value, Measurements, Recurring | Residential loans      
Assets      
Residential loans, at fair value 0 0  
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets      
Residential loans, at fair value 0 0  
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 1 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts      
Assets      
Residential loans, at fair value 0 0  
Level 1 | Fair Value, Measurements, Recurring | Agency RMBS      
Assets      
Investment securities available for sale: 0 0  
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets      
Investment securities available for sale: 0 0  
Level 1 | Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets      
Investment securities available for sale: 0 0  
Level 1 | Fair Value, Measurements, Recurring | Multi-family loans      
Assets      
Multi-family loans 0 0  
Level 1 | Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 0 0  
Level 1 | Fair Value, Measurements, Recurring | Residential loan securitizations at fair value      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 2 | Fair Value, Measurements, Recurring      
Assets      
Equity investments 0 0  
Assets of disposal group held for sale 67,000 2,960,000  
Total 3,828,667,000 2,023,287,000  
Derivative liabilities:      
Total 1,384,399,000 0  
Derivative assets 56,000 6,510,000  
Level 2 | Fair Value, Measurements, Recurring | Senior unsecured notes      
Liabilities carried at fair value      
Senior unsecured notes 60,310,000 0  
Level 2 | Fair Value, Measurements, Recurring | Interest rate caps      
Derivative assets:      
Derivative assets 56,000 6,510,000  
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Derivative assets 0 0  
Derivative liabilities:      
Derivative liability 0 0  
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative assets:      
Derivative assets 0 0  
Level 2 | Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities:      
Derivative liability 0 0  
Level 2 | Fair Value, Measurements, Recurring | Derivative Asset      
Assets      
Assets of disposal group held for sale 100,000 3,000,000  
Level 2 | Fair Value, Measurements, Recurring | Residential loans      
Assets      
Residential loans, at fair value 0 0  
Level 2 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets      
Residential loans, at fair value 0 0  
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 2 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts      
Assets      
Residential loans, at fair value 0 0  
Level 2 | Fair Value, Measurements, Recurring | Agency RMBS      
Assets      
Investment securities available for sale: 3,136,812,000 1,989,324,000  
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets      
Investment securities available for sale: 69,687,000 24,493,000  
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets      
Investment securities available for sale: 622,045,000 0  
Level 2 | Fair Value, Measurements, Recurring | Multi-family loans      
Assets      
Multi-family loans 0 0  
Level 2 | Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 0 0  
Level 2 | Fair Value, Measurements, Recurring | Residential loan securitizations at fair value      
Liabilities carried at fair value      
Consolidated SLST 1,253,332,000 0  
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 70,757,000 0  
Level 3      
Derivative assets:      
Mortgage servicing rights 616,000 0 $ 0
Level 3 | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 21,003,000    
Level 3 | Fair Value, Measurements, Recurring      
Assets      
Equity investments 113,492,000 147,116,000  
Assets of disposal group held for sale 0 0  
Total 4,062,425,000 3,327,211,000  
Derivative assets:      
Mortgage servicing rights 21,003,000 0  
Derivative liabilities:      
Total 811,591,000 593,737,000  
Level 3 | Fair Value, Measurements, Recurring | Senior unsecured notes      
Liabilities carried at fair value      
Senior unsecured notes 0 0  
Level 3 | Fair Value, Measurements, Recurring | Interest rate caps      
Derivative assets:      
Derivative assets 0 0  
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Derivative assets 0 0  
Derivative liabilities:      
Derivative liability 0 0  
Level 3 | Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative assets:      
Derivative assets 0 0  
Level 3 | Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities:      
Derivative liability 0 0  
Level 3 | Fair Value, Measurements, Recurring | Residential loans      
Assets      
Residential loans, at fair value 632,266,000 827,535,000  
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets      
Residential loans, at fair value 965,672,000 754,860,000  
Liabilities carried at fair value      
Consolidated SLST 811,591,000 593,737,000  
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts      
Assets      
Residential loans, at fair value 2,243,800,000 1,501,908,000  
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS      
Assets      
Investment securities available for sale: 0 0  
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets      
Investment securities available for sale: 0 0  
Level 3 | Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets      
Investment securities available for sale: 0 0  
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans      
Assets      
Multi-family loans 86,192,000 95,792,000  
Level 3 | Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 21,003,000 0  
Level 3 | Fair Value, Measurements, Recurring | Residential loan securitizations at fair value      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST $ 0 $ 0