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Repurchase Agreements and Warehouse Facilities - Narrative (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
counterparty
Dec. 31, 2024
USD ($)
counterparty
Sep. 30, 2024
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 185,285 $ 167,422 $ 195,066
Securities borrowed $ 459,633    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 12 9  
Accrued interest payable $ 39,500 $ 28,400  
Weighted average advance rate 96.40% 96.00%  
Average interest rate haircut 3.60% 4.00%  
Average days to maturity 41 days 26 days  
Weighted average interest rate 4.43% 4.84%  
Total Residential loans      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 57,700    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 8    
Residential Loans, Real Estate Owned, Single-Family Rental Properties and Warehouse Facilities      
Assets Sold under Agreements to Repurchase [Line Items]      
Accrued interest payable $ 2,800 $ 2,500  
Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 423,418    
Average interest rate haircut 3.60%    
Non-Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 34,417    
Average interest rate haircut 34.50%    
U.S. Treasury securities      
Assets Sold under Agreements to Repurchase [Line Items]      
Securities borrowed $ 1,798    
Average interest rate haircut 1.70%    
Repurchase Agreements      
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 180,900    
Securities borrowed $ 459,600