v3.25.4
Repurchase Agreements and Warehouse Facilities - Narrative (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
counterparty
Dec. 31, 2024
USD ($)
counterparty
Dec. 31, 2023
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 210,333 $ 167,422 $ 187,107
Unencumbered investment securities $ 453,990    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 12 9  
Accrued interest payable $ 44,400 $ 28,400  
Weighted average advance rate 96.50% 96.00%  
Average interest rate haircut 3.50% 4.00%  
Weighted average months to maturity 31 days 26 days  
Weighted average interest rate 4.11% 4.84%  
Total Residential loans      
Assets Sold under Agreements to Repurchase [Line Items]      
Unencumbered investment securities $ 54,400    
Number of counterparties with amounts outstanding under repurchase agreements | counterparty 8    
Residential Loans, Real Estate Owned And Single-Family Rental Properties      
Assets Sold under Agreements to Repurchase [Line Items]      
Accrued interest payable $ 2,600 $ 2,500  
Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Unencumbered investment securities $ 421,289    
Average interest rate haircut 3.50%    
Non-Agency RMBS      
Assets Sold under Agreements to Repurchase [Line Items]      
Unencumbered investment securities $ 32,701    
Average interest rate haircut 35.70%    
U.S. Treasury securities      
Assets Sold under Agreements to Repurchase [Line Items]      
Average interest rate haircut 1.60%    
Repurchase agreements and warehouse facilities      
Assets Sold under Agreements to Repurchase [Line Items]      
Cash and cash equivalents $ 206,500    
Unencumbered investment securities $ 454,000