XML 87 R69.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investment Securities Available For Sale, at Fair Value - Schedule of Investment Securities Available for Sale (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Fair Value Option    
Amortized Cost $ 3,886,897,000 $ 1,983,318,000
Unrealized Gains 18,959,000 36,781,000
Unrealized Losses (77,312,000) (6,313,000)
Fair Value 3,828,544,000 2,013,786,000
CECL Securities    
Amortized Cost 0 35,000
Unrealized Gains 0 0
Unrealized Losses 0 (4,000)
Fair Value 0 31,000
Total CECL Securities and Fair Value Option    
Amortized Cost 3,886,897,000 1,983,353,000
Unrealized Gains 18,959,000 36,781,000
Unrealized Losses (77,312,000) (6,317,000)
Fair Value 3,828,544,000 2,013,817,000
Agency RMBS    
Fair Value Option    
Amortized Cost 3,163,035,000 1,961,221,000
Unrealized Gains 12,861,000 30,135,000
Unrealized Losses (39,084,000) (2,032,000)
Fair Value 3,136,812,000 1,989,324,000
Agency RMBS | Fixed rate    
Fair Value Option    
Amortized Cost 2,949,038,000 1,761,138,000
Unrealized Gains 11,733,000 21,581,000
Unrealized Losses (21,711,000) (1,829,000)
Fair Value 2,939,060,000 1,780,890,000
Agency RMBS | Fixed rate | Fannie Mae    
Fair Value Option    
Amortized Cost 1,483,619,000 1,084,702,000
Unrealized Gains 7,819,000 15,902,000
Unrealized Losses (7,991,000) (723,000)
Fair Value 1,483,447,000 1,099,881,000
Agency RMBS | Fixed rate | Freddie Mac    
Fair Value Option    
Amortized Cost 1,465,419,000 676,436,000
Unrealized Gains 3,914,000 5,679,000
Unrealized Losses (13,720,000) (1,106,000)
Fair Value 1,455,613,000 681,009,000
Agency RMBS | Adjustable rate    
Fair Value Option    
Amortized Cost 130,119,000 147,460,000
Unrealized Gains 285,000 1,741,000
Unrealized Losses (822,000) 0
Fair Value 129,582,000 149,201,000
Agency RMBS | Adjustable rate | Fannie Mae    
Fair Value Option    
Amortized Cost 97,267,000 110,036,000
Unrealized Gains 265,000 1,299,000
Unrealized Losses (631,000) 0
Fair Value 96,901,000 111,335,000
Agency RMBS | Adjustable rate | Freddie Mac    
Fair Value Option    
Amortized Cost 32,852,000 37,424,000
Unrealized Gains 20,000 442,000
Unrealized Losses (191,000) 0
Fair Value 32,681,000 37,866,000
Agency RMBS | Interest-only    
Fair Value Option    
Amortized Cost 83,878,000 52,623,000
Unrealized Gains 843,000 6,813,000
Unrealized Losses (16,551,000) (203,000)
Fair Value 68,170,000 59,233,000
Agency RMBS | Interest-only | Freddie Mac    
Fair Value Option    
Amortized Cost 5,251,000 0
Unrealized Gains 0 0
Unrealized Losses (459,000) 0
Fair Value 4,792,000 0
Agency RMBS | Interest-only | Ginnie Mae    
Fair Value Option    
Amortized Cost 78,627,000 52,623,000
Unrealized Gains 843,000 6,813,000
Unrealized Losses (16,092,000) (203,000)
Fair Value 63,378,000 59,233,000
Non-Agency RMBS    
Fair Value Option    
Amortized Cost 66,203,000 22,097,000
Unrealized Gains 6,098,000 6,646,000
Unrealized Losses (2,614,000) (4,281,000)
Fair Value 69,687,000 24,462,000
CECL Securities    
Amortized Cost 0 35,000
Unrealized Gains 0 0
Unrealized Losses 0 (4,000)
Fair Value 0 31,000
U.S. Treasury securities    
Fair Value Option    
Amortized Cost 657,659,000 0
Unrealized Gains 0 0
Unrealized Losses (35,614,000) 0
Fair Value $ 622,045,000 $ 0