Fair Value of Financial Instruments - Schedule of Valuation for Level 3 Assets (Details) - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
$ 4,062,425
|
$ 3,327,211
|
$ 3,801,370
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
$ 122,133
|
$ 33,524
|
$ 99,357
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other Operating Income (Expense), Net
|
Other Operating Income (Expense), Net
|
Other Operating Income (Expense), Net
|
| Transfers in |
$ 150,771
|
|
|
| Transfers out |
(82,791)
|
$ (88,462)
|
$ (52,791)
|
| Transfers to securitization trust, net |
0
|
0
|
0
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
0
|
|
0
|
| Funding/Contributions |
|
|
55,882
|
| Paydowns/Distributions |
(1,504,594)
|
(1,234,384)
|
(1,171,740)
|
| Sales |
(620,667)
|
(162,883)
|
(25,144)
|
| Acquisitions/Repurchases |
1,573,307
|
2,187,419
|
620,277
|
| Originations |
840,069
|
|
|
| Balance at the end of period |
4,540,653
|
4,062,425
|
3,327,211
|
| Residential loans |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
632,266
|
827,535
|
1,081,384
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
16,576
|
15,562
|
8,080
|
| Transfers in |
580
|
|
|
| Transfers out |
(37,506)
|
(80,801)
|
(26,277)
|
| Transfers to securitization trust, net |
(1,325,733)
|
(1,456,376)
|
(282,831)
|
| Transfer from residential loans held for sale to residential loans |
474,922
|
|
|
| Transfer from disposal group held for sale |
0
|
|
0
|
| Funding/Contributions |
|
|
0
|
| Paydowns/Distributions |
(183,071)
|
(296,645)
|
(482,137)
|
| Sales |
(156,627)
|
(156,175)
|
(21,165)
|
| Acquisitions/Repurchases |
1,162,556
|
1,779,166
|
550,481
|
| Originations |
0
|
|
|
| Balance at the end of period |
583,963
|
632,266
|
827,535
|
| Residential loans | VIE, Primary Beneficiary | Consolidated SLST |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
965,672
|
754,860
|
827,582
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
39,902
|
3,523
|
(10,748)
|
| Transfers in |
0
|
|
|
| Transfers out |
0
|
0
|
0
|
| Transfers to securitization trust, net |
0
|
0
|
0
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
0
|
|
0
|
| Funding/Contributions |
|
|
0
|
| Paydowns/Distributions |
(87,302)
|
(77,768)
|
(61,974)
|
| Sales |
0
|
0
|
0
|
| Acquisitions/Repurchases |
247,405
|
285,057
|
0
|
| Originations |
0
|
|
|
| Balance at the end of period |
1,165,677
|
965,672
|
754,860
|
| Residential loans held in securitization trusts |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
2,243,800
|
1,501,908
|
1,616,114
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
47,941
|
(8,255)
|
72,173
|
| Transfers in |
0
|
|
|
| Transfers out |
(11,526)
|
(7,661)
|
(16,208)
|
| Transfers to securitization trust, net |
1,325,733
|
1,456,376
|
282,831
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
0
|
|
0
|
| Funding/Contributions |
|
|
0
|
| Paydowns/Distributions |
(1,146,122)
|
(805,586)
|
(518,819)
|
| Sales |
(13,223)
|
(6,708)
|
(3,979)
|
| Acquisitions/Repurchases |
161,932
|
113,726
|
69,796
|
| Originations |
0
|
|
|
| Balance at the end of period |
2,608,535
|
2,243,800
|
1,501,908
|
| Residential loans held for sale |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
0
|
|
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
18,974
|
|
|
| Transfers in |
145,748
|
|
|
| Transfers out |
0
|
|
|
| Transfers to securitization trust, net |
0
|
|
|
| Transfer from residential loans held for sale to residential loans |
(474,922)
|
|
|
| Transfer from disposal group held for sale |
0
|
|
|
| Paydowns/Distributions |
(259)
|
|
|
| Sales |
(450,317)
|
|
|
| Acquisitions/Repurchases |
1,414
|
|
|
| Originations |
840,069
|
|
|
| Balance at the end of period |
80,707
|
0
|
|
| Multi-family loans, at fair value |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
86,192
|
95,792
|
87,534
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
9,162
|
5,899
|
11,863
|
| Transfers in |
0
|
|
|
| Transfers out |
0
|
0
|
(10,306)
|
| Transfers to securitization trust, net |
0
|
0
|
0
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
0
|
|
0
|
| Funding/Contributions |
|
|
21,924
|
| Paydowns/Distributions |
(39,878)
|
(15,499)
|
(15,223)
|
| Sales |
0
|
0
|
0
|
| Acquisitions/Repurchases |
0
|
0
|
0
|
| Originations |
0
|
|
|
| Balance at the end of period |
55,476
|
86,192
|
95,792
|
| Equity investments |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
113,492
|
147,116
|
179,746
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
(3,155)
|
16,179
|
21,279
|
| Transfers in |
0
|
|
|
| Transfers out |
(33,759)
|
0
|
0
|
| Transfers to securitization trust, net |
0
|
0
|
0
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
(500)
|
|
5,720
|
| Funding/Contributions |
|
|
33,958
|
| Paydowns/Distributions |
(51,367)
|
(49,803)
|
(93,587)
|
| Sales |
0
|
0
|
0
|
| Acquisitions/Repurchases |
0
|
0
|
0
|
| Originations |
0
|
|
|
| Balance at the end of period |
24,711
|
113,492
|
147,116
|
| Assets Held For Sale | Discontinued Operations, Held-for-Sale |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
0
|
|
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
0
|
|
|
| Transfers in |
0
|
|
|
| Transfers out |
0
|
|
|
| Transfers to securitization trust, net |
0
|
|
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
500
|
|
|
| Paydowns/Distributions |
0
|
|
|
| Sales |
(500)
|
|
|
| Acquisitions/Repurchases |
0
|
|
|
| Originations |
0
|
|
|
| Balance at the end of period |
0
|
0
|
|
| MSRs |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
21,003
|
0
|
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
(3,656)
|
616
|
|
| Transfers in |
141
|
|
|
| Transfers out |
0
|
0
|
|
| Transfers to securitization trust, net |
0
|
0
|
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
0
|
|
|
| Paydowns/Distributions |
3,405
|
10,917
|
|
| Sales |
0
|
0
|
|
| Acquisitions/Repurchases |
0
|
9,470
|
|
| Originations |
0
|
|
|
| Balance at the end of period |
20,893
|
21,003
|
0
|
| IRLCs |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
0
|
|
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
(3,611)
|
|
|
| Transfers in |
4,302
|
|
|
| Transfers out |
0
|
|
|
| Transfers to securitization trust, net |
0
|
|
|
| Transfer from residential loans held for sale to residential loans |
0
|
|
|
| Transfer from disposal group held for sale |
0
|
|
|
| Paydowns/Distributions |
0
|
|
|
| Sales |
0
|
|
|
| Acquisitions/Repurchases |
0
|
|
|
| Originations |
0
|
|
|
| Balance at the end of period |
$ 691
|
0
|
|
| Equity investments in disposal group held for sale |
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
| Balance at beginning of period |
|
$ 0
|
9,010
|
| Total gains/(losses) (realized/unrealized) |
|
|
|
| Included in earnings |
|
|
(3,290)
|
| Transfers out |
|
|
0
|
| Transfers to securitization trust, net |
|
|
0
|
| Transfer from disposal group held for sale |
|
|
(5,720)
|
| Funding/Contributions |
|
|
0
|
| Paydowns/Distributions |
|
|
0
|
| Sales |
|
|
|
| Acquisitions/Repurchases |
|
|
0
|
| Balance at the end of period |
|
|
$ 0
|