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Borrowings under Repurchase Agreements Schedule of Repurchase Agreements by Maturity (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 517,538 | $ 562,974 | $ 729,543
Debt, Weighted Average Interest Rate | 4.56% | 4.81% | 5.58%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 11 days | 16 days | 17 days
Agency RMBS: |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 448,778 | $ 499,701 | $ 680,263
Debt, Weighted Average Interest Rate | 4.47% | 4.71% | 5.55%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 9 days | 15 days | 17 days
Agency RMBS: | Maturity up to 30 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 448,778 | $ 499,701 | $ 676,074
Debt, Weighted Average Interest Rate | 4.47% | 4.71% | 5.54%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 9 days | 15 days | 17 days
Agency RMBS: | Maturity 31 to 60 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 0 | $ 0 | $ 1,256
Debt, Weighted Average Interest Rate | 0.00% | 0.00% | 6.23%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 0 days |  | 44 days
Agency RMBS: | Maturity 61 to 90 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 0 | $ 0 | $ 2,933
Debt, Weighted Average Interest Rate | 0.00% | 0.00% | 6.23%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 0 days |  | 67 days
U.S. Treasury Securities |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 0 | $ 0 | $ 30,822
Debt, Weighted Average Interest Rate | 0.00% | 0.00% | 5.53%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 0 days |  | 2 days
U.S. Treasury Securities | Maturity up to 30 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 0 | $ 0 | $ 30,822
Debt, Weighted Average Interest Rate | 0.00% | 0.00% | 5.53%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 0 days |  | 2 days
Non-Agency RMBS and CLOs |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 68,760 | $ 63,273 | $ 18,458
Debt, Weighted Average Interest Rate | 5.17% | 5.65% | 6.75%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 25 days | 27 days | 42 days
Non-Agency RMBS and CLOs | Maturity up to 30 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 37,790 | $ 38,913 | $ 6,782
Debt, Weighted Average Interest Rate | 5.45% | 5.70% | 6.89%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 9 days | 17 days | 15 days
Non-Agency RMBS and CLOs | Maturity 31 to 60 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 30,970 | $ 24,360 | $ 4,875
Debt, Weighted Average Interest Rate | 4.84% | 5.57% | 6.80%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 45 days | 43 days | 46 days
Non-Agency RMBS and CLOs | Maturity 61 to 90 days [Member] |  |  |
Repurchase Agreements [Line Items] |  |  |
Repurchase agreements | $ 0 | $ 0 | $ 6,801
Debt, Weighted Average Interest Rate | 0.00% | 0.00% | 6.58%
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 0 days |  | 67 days

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- Definition Weighted average maturity (weighted by amount of the agreement) of repurchase agreements with the counterparty, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481420/860-30-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(m)(1)(iii)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
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- Definition Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.12-12A(Column A)(Footnote 2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12(Column A)(Footnote 2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column A)(Footnote 2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B(Column A)(Footnote 4)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(m)(1)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(m)(1)(ii)(A)(i)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-10 + Details
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