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Loans - Schedule of Assets and Liabilities Related to VIEs (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Assets      
Restricted cash $ 18,489,000 $ 19,906,000  
Other assets 58,900,000 41,940,000  
Total Assets 8,711,530,000 6,913,609,000  
Liabilities      
Securitized debt, at fair value [1] 7,177,923,000 5,491,967,000  
Other liabilities [2] 42,720,000 34,758,000  
Total Liabilities 8,150,796,000 6,370,186,000  
Total Equity 560,734,000 543,423,000 $ 528,368,000
Securitized Residential Mortgage Loans | Residential Portfolio Segment | Non-Agency Loans      
Assets      
Securitized residential mortgage loans, at fair value 6,904,872,000 6,044,597,000  
Restricted cash 0 0  
Other assets 37,711,000 30,922,000  
Total Assets 6,942,583,000 6,075,519,000  
Liabilities      
Securitized debt, at fair value 6,265,540,000 5,391,413,000  
Other liabilities 26,129,000 22,185,000  
Total Liabilities 6,291,669,000 5,413,598,000  
Total Equity 650,914,000 661,921,000  
Securitized Residential Mortgage Loans | Residential Portfolio Segment | Home Equity Loans      
Assets      
Securitized residential mortgage loans, at fair value 960,533,000    
Restricted cash 1,055,000    
Other assets 8,128,000    
Total Assets 969,716,000 0  
Liabilities      
Securitized debt, at fair value 817,889,000    
Other liabilities 4,497,000    
Total Liabilities 822,386,000 0  
Total Equity 147,330,000    
Securitized Residential Mortgage Loans | Residential Portfolio Segment | Re- and Non-Performing Loans      
Assets      
Securitized residential mortgage loans, at fair value 134,214,000 153,081,000  
Restricted cash 12,000 10,000  
Other assets 5,517,000 2,064,000  
Total Assets 139,743,000 155,155,000  
Liabilities      
Securitized debt, at fair value 94,494,000 100,554,000  
Other liabilities 274,000 298,000  
Total Liabilities 94,768,000 100,852,000  
Total Equity $ 44,975,000 $ 54,303,000  
[1] These balances relate to certain residential mortgage loans which were securitized resulting in the Company consolidating the variable interest entities that were created to facilitate these securitizations as the Company was determined to be the primary beneficiary. The "Securitized debt, at fair value" is collateralized by the "Securitized residential mortgage loans, at fair value" held within the securitization trusts. See Note 3 and Note 6 for additional details.
[2] Refer to Note 7 and Note 10 for additional details on amounts payable to affiliates.