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Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Assets carried at fair value      
Investment securities available for sale: $ 4,646,812,000 $ 3,828,544,000  
Derivative assets:      
Interest rate caps 13,823,000 64,950,000  
Mortgage servicing rights 20,297,000 21,003,000 $ 0
Derivative liabilities      
Derivative assets 3,530,000 56,000  
Variation Margin 28,966,000 9,120,000  
Interest rate caps      
Derivative assets:      
Interest rate caps 346,000 56,000  
Interest rate swaps      
Derivative assets:      
Interest rate caps 10,293,000 63,942,000  
Derivative liabilities      
Variation Margin 20,129,000 0  
U.S. Treasury futures      
Derivative assets:      
Interest rate caps   952,000  
Derivative liabilities      
Variation Margin 967,000 0  
Credit default swaps      
Derivative liabilities      
Variation Margin 7,870,000 9,120,000  
Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 4,558,720,000 3,136,812,000  
U.S. Treasury securities      
Assets carried at fair value      
Investment securities available for sale: 24,305,000 622,045,000  
Fair Value, Measurements, Recurring      
Assets carried at fair value      
Equity investments 93,999,000 113,492,000  
Derivative assets:      
Assets of disposal group held for sale 222,000 67,000  
Total 8,765,350,000 7,891,092,000  
Derivative liabilities      
Total 2,568,902,000 2,195,990,000  
Fair Value, Measurements, Recurring | Senior unsecured notes      
Liabilities carried at fair value      
Senior unsecured notes 139,761,000 60,310,000  
Fair Value, Measurements, Recurring | Interest rate caps      
Derivative assets:      
Interest rate caps 346,000 56,000  
Fair Value, Measurements, Recurring | Options      
Derivative assets:      
Interest rate caps 3,184,000 0  
Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Interest rate caps 0 0 $ 0
Derivative liabilities      
Derivative liabilities 0 0  
Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative liabilities      
Derivative liabilities 0 0  
Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities      
Derivative liabilities 0 0  
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures      
Derivative liabilities      
Variation Margin 29,000,000 45,000,000  
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures | Central Clearing House      
Derivative liabilities      
Derivative liabilities 39,300,000 19,900,000  
Derivative assets 10,300,000 64,900,000  
Fair Value, Measurements, Recurring | Residential loans      
Assets carried at fair value      
Residential loans, at fair value 445,562,000 632,266,000  
Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets carried at fair value      
Residential loans, at fair value 959,250,000 965,672,000  
Liabilities carried at fair value      
Consolidated SLST 805,273,000 811,591,000  
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts      
Assets carried at fair value      
Residential loans, at fair value 2,508,456,000 2,243,800,000  
Fair Value, Measurements, Recurring | Residential loan securitizations      
Liabilities carried at fair value      
Consolidated SLST 1,554,353,000 1,253,332,000  
Fair Value, Measurements, Recurring | Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 4,558,720,000 3,136,812,000  
Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 63,787,000 69,687,000  
Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets carried at fair value      
Investment securities available for sale: 24,305,000 622,045,000  
Fair Value, Measurements, Recurring | Multi-family loans      
Assets carried at fair value      
Multi-family loans 87,222,000 86,192,000  
Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 69,515,000 70,757,000  
Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 20,297,000 21,003,000  
Level 1 | Fair Value, Measurements, Recurring      
Assets carried at fair value      
Equity investments 0 0  
Derivative assets:      
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:      
Interest rate caps 0 0  
Level 1 | Fair Value, Measurements, Recurring | Options      
Derivative assets:      
Interest rate caps 0 0  
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Interest rate caps 0 0  
Derivative liabilities      
Derivative liabilities 0 0  
Level 1 | Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative liabilities      
Derivative liabilities 0 0  
Level 1 | Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities      
Derivative liabilities 0 0  
Level 1 | Fair Value, Measurements, Recurring | Residential loans      
Assets carried at fair value      
Residential loans, at fair value 0 0  
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets carried at fair value      
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 carried at fair value      
Residential loans, at fair value 0 0  
Level 1 | Fair Value, Measurements, Recurring | Residential loan securitizations      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 1 | Fair Value, Measurements, Recurring | Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 0 0  
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 0 0  
Level 1 | Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets carried at fair value      
Investment securities available for sale: 0 0  
Level 1 | Fair Value, Measurements, Recurring | Multi-family loans      
Assets carried at fair value      
Multi-family loans 0 0  
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 1 | Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 0 0  
Level 2 | Fair Value, Measurements, Recurring      
Assets carried at fair value      
Equity investments 0 0  
Derivative assets:      
Assets of disposal group held for sale 222,000 67,000  
Total 4,650,564,000 3,828,667,000  
Derivative liabilities      
Total 1,763,629,000 1,384,399,000  
Derivative assets 3,530,000 56,000  
Level 2 | Fair Value, Measurements, Recurring | Senior unsecured notes      
Liabilities carried at fair value      
Senior unsecured notes 139,761,000 60,310,000  
Level 2 | Fair Value, Measurements, Recurring | Interest rate caps      
Derivative assets:      
Interest rate caps 346,000 56,000  
Level 2 | Fair Value, Measurements, Recurring | Options      
Derivative assets:      
Interest rate caps 3,184,000 0  
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Interest rate caps 0 0  
Derivative liabilities      
Derivative liabilities 0 0  
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative liabilities      
Derivative liabilities 0 0  
Level 2 | Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities      
Derivative liabilities 0 0  
Level 2 | Fair Value, Measurements, Recurring | Derivative Asset      
Derivative assets:      
Assets of disposal group held for sale 200,000 100,000  
Level 2 | Fair Value, Measurements, Recurring | Residential loans      
Assets carried at fair value      
Residential loans, at fair value 0 0  
Level 2 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets carried at fair value      
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 carried at fair value      
Residential loans, at fair value 0 0  
Level 2 | Fair Value, Measurements, Recurring | Residential loan securitizations      
Liabilities carried at fair value      
Consolidated SLST 1,554,353,000 1,253,332,000  
Level 2 | Fair Value, Measurements, Recurring | Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 4,558,720,000 3,136,812,000  
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 63,787,000 69,687,000  
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets carried at fair value      
Investment securities available for sale: 24,305,000 622,045,000  
Level 2 | Fair Value, Measurements, Recurring | Multi-family loans      
Assets carried at fair value      
Multi-family loans 0 0  
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 69,515,000 70,757,000  
Level 2 | Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 0 0  
Level 3 | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights 20,297,000    
Level 3 | Fair Value, Measurements, Recurring      
Assets carried at fair value      
Equity investments 93,999,000 113,492,000  
Derivative assets:      
Assets of disposal group held for sale 0 0  
Total 4,114,786,000 4,062,425,000  
Derivative liabilities      
Total 805,273,000 811,591,000  
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:      
Interest rate caps 0 0  
Level 3 | Fair Value, Measurements, Recurring | Options      
Derivative assets:      
Interest rate caps 0 0  
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps      
Derivative assets:      
Interest rate caps 0 0  
Derivative liabilities      
Derivative liabilities 0 0  
Level 3 | Fair Value, Measurements, Recurring | U.S. Treasury futures      
Derivative liabilities      
Derivative liabilities 0 0  
Level 3 | Fair Value, Measurements, Recurring | Credit default swaps      
Derivative liabilities      
Derivative liabilities 0 0  
Level 3 | Fair Value, Measurements, Recurring | Residential loans      
Assets carried at fair value      
Residential loans, at fair value 445,562,000 632,266,000  
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary      
Assets carried at fair value      
Residential loans, at fair value 959,250,000 965,672,000  
Liabilities carried at fair value      
Consolidated SLST 805,273,000 811,591,000  
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts      
Assets carried at fair value      
Residential loans, at fair value 2,508,456,000 2,243,800,000  
Level 3 | Fair Value, Measurements, Recurring | Residential loan securitizations      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 0 0  
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS      
Assets carried at fair value      
Investment securities available for sale: 0 0  
Level 3 | Fair Value, Measurements, Recurring | U.S. Treasury securities      
Assets carried at fair value      
Investment securities available for sale: 0 0  
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans      
Assets carried at fair value      
Multi-family loans 87,222,000 86,192,000  
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS re-securitization      
Liabilities carried at fair value      
Consolidated SLST 0 0  
Level 3 | Fair Value, Measurements, Recurring | Mortgage servicing rights      
Derivative assets:      
Mortgage servicing rights $ 20,297,000 $ 21,003,000