XML 46 R32.htm IDEA: XBRL DOCUMENT v3.25.2
Investment in Securities by Weighted Average Life (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale, Amortized Cost $ 774,401 $ 674,985 $ 785,710
Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale, Amortized Cost   697,947  
Collateralized Loan Obligations | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale     14,491
Debt Securities, Available-for-Sale, Amortized Cost     $ 14,441
Investment Interest Rate     12.16%
Collaterized Loan Obligations and Other Securities | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale 85,882 72,420  
Debt Securities, Available-for-Sale, Amortized Cost $ 90,204 $ 72,980  
Investment Interest Rate 10.89% 11.45%  
Less than three years [Member] | Collateralized Loan Obligations | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale     $ 0
Debt Securities, Available-for-Sale, Amortized Cost     $ 0
Investment Interest Rate     0.00%
Less than three years [Member] | Collaterized Loan Obligations and Other Securities | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale $ 45,414 $ 49,095  
Debt Securities, Available-for-Sale, Amortized Cost $ 46,781 $ 49,341  
Investment Interest Rate 10.74% 11.42%  
Greater than three years and less than seven years [Member] | Collateralized Loan Obligations | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale     $ 13,114
Debt Securities, Available-for-Sale, Amortized Cost     $ 13,078
Investment Interest Rate     11.99%
Greater than three years and less than seven years [Member] | Collaterized Loan Obligations and Other Securities | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale $ 37,127 $ 22,312  
Debt Securities, Available-for-Sale, Amortized Cost $ 40,052 $ 22,584  
Investment Interest Rate 11.58% 11.48%  
Greater than seven years and less than eleven years [Member] | Collateralized Loan Obligations | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale     $ 1,377
Debt Securities, Available-for-Sale, Amortized Cost     $ 1,363
Investment Interest Rate     14.06%
Greater than seven years and less than eleven years [Member] | Collaterized Loan Obligations and Other Securities | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale $ 3,341 $ 1,013  
Debt Securities, Available-for-Sale, Amortized Cost $ 3,371 $ 1,055  
Investment Interest Rate 4.17% 12.00%  
Greater than eleven years [Member] | Collateralized Loan Obligations | Long      
Securities, Available-for-sale [Line Items]      
Debt Securities, Available-for-Sale     $ 0
Debt Securities, Available-for-Sale, Amortized Cost     $ 0
Investment Interest Rate     0.00%
Fixed Rate [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 503,892 $ 512,307 $ 727,997
Amortized Cost $ 502,508 $ 519,628 $ 744,826
Investment Interest Rate 4.90% 4.86% 4.25%
Fixed Rate [Member] | Less than three years [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 15,072 $ 6,891 $ 85,958
Amortized Cost $ 14,480 $ 6,831 $ 85,990
Investment Interest Rate 6.50% 6.50% 5.67%
Fixed Rate [Member] | Greater than three years and less than seven years [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 228,838 $ 193,235 $ 297,251
Amortized Cost $ 226,774 $ 193,439 $ 303,424
Investment Interest Rate 5.68% 5.92% 4.67%
Fixed Rate [Member] | Greater than seven years and less than eleven years [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 259,982 $ 312,181 $ 344,788
Amortized Cost $ 261,254 $ 319,358 $ 355,412
Investment Interest Rate 4.17% 4.23% 3.58%
Interest-Only [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 2 $ 2 $ 7,415
Amortized Cost $ 2 $ 2 $ 6,607
Investment Interest Rate 1.21% 1.20% 2.77%
Interest-Only [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 11,310
Amortized Cost     $ 8,700
Investment Interest Rate     0.22%
Interest-Only [Member] | Less than three years [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 2 $ 2 $ 1,774
Amortized Cost $ 2 $ 2 $ 1,566
Investment Interest Rate 1.21% 1.20% 2.10%
Interest-Only [Member] | Less than three years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 0
Amortized Cost     $ 0
Investment Interest Rate     0.00%
Interest-Only [Member] | Greater than three years and less than seven years [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 0 $ 0 $ 1,796
Amortized Cost $ 0 $ 0 $ 1,570
Investment Interest Rate 0.00% 0.00% 3.72%
Interest-Only [Member] | Greater than three years and less than seven years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 0
Amortized Cost     $ 0
Investment Interest Rate     0.00%
Interest-Only [Member] | Greater than seven years and less than eleven years [Member] | Agency RMBS [Member] | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1) $ 0 $ 0 $ 3,845
Amortized Cost $ 0 $ 0 $ 3,471
Investment Interest Rate 0.00% 0.00% 3.53%
Interest-Only [Member] | Greater than seven years and less than eleven years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 11,310
Amortized Cost     $ 8,700
Investment Interest Rate     0.22%
Interest-Only [Member] | Greater than eleven years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 0
Amortized Cost     $ 0
Investment Interest Rate     0.00%
Non-Agency Principal and interest securities | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 9,409
Amortized Cost     $ 8,189
Investment Interest Rate     9.39%
Non-Agency Principal and interest securities | Less than three years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 1,764
Amortized Cost     $ 1,749
Investment Interest Rate     7.45%
Non-Agency Principal and interest securities | Greater than three years and less than seven years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 5,834
Amortized Cost     $ 5,271
Investment Interest Rate     11.39%
Non-Agency Principal and interest securities | Greater than seven years and less than eleven years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 1,217
Amortized Cost     $ 1,169
Investment Interest Rate     6.07%
Non-Agency Principal and interest securities | Greater than eleven years [Member] | Non-Agency RMBS | Long      
Securities, Available-for-sale [Line Items]      
Securities, at fair value(1)     $ 594
Amortized Cost     $ 0
Investment Interest Rate     5.79%