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Net Interest Income (Tables)
 12 Months Ended
Dec. 31, 2024
Banking and Thrift, Interest [Abstract]  
Schedule of Components of Interest Income and Interest Expense
The following table presents interest expense from the Convertible Notes for the year ended December 31, 2022 (dollar amounts in thousands):
For the Year Ended December 31, 2022
Contractual interest expense$335 
Amortization of underwriter's discount and deferred charges103 
Total$438 
The following table details the components of the Company's interest income and interest expense for the years ended December 31, 2024, 2023 and 2022, respectively (dollar amounts in thousands):
For the Years Ended December 31,
202420232022
Interest income
Residential loans
Residential loans$50,266 $54,188 $113,134 
Consolidated SLST39,194 34,061 36,448 
Residential loans held in securitization trusts129,905 97,492 80,116 
Total residential loans
219,365 185,741 229,698 
Investment securities available for sale163,977 57,514 15,825 
Multi-family loans
10,589 10,519 11,185 
Other
7,349 4,886 1,680 
Total interest income401,280 258,660 258,388 
Interest expense
Repurchase agreements
183,285 91,814 51,432 
Collateralized debt obligations
Consolidated SLST26,491 24,506 25,145 
Residential loan securitizations91,884 65,184 43,384 
Non-Agency RMBS re-securitization2,221 — — 
Total collateralized debt obligations
120,596 89,690 68,529 
Senior unsecured notes9,308 6,476 6,430 
Subordinated debentures4,236 4,154 2,590 
Convertible notes— — 438 
Total interest expense317,425 192,134 129,419 
Net interest income$83,855 $66,526 $128,969