REVERSE MORTGAGE LOANS HELD FOR INVESTMENT AND HMBS-RELATED BORROWINGS - Schedule of Loans Held For Investment (Details) - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2025	Mar. 31, 2024
Reverse Mortgage Loans Held for Investment
Balance — beginning of period	$ 451,704	$ 315,912
Originations and purchases	30,214	30,543
Repayments (principal payments received)	(9,259)	(9,192)
Change in fair value recognized in earnings	9,492	10,813
Balance — end of period	482,151	348,076
HMBS-Related Borrowings
Balance — beginning of period	(425,979)	(302,183)
Securitization of home equity conversion mortgages (“HECM”) loans and tails accounted for as a financing (including realized fair value changes)	(37,651)	(26,524)
Repayments (principal payments received)	9,205	9,486
Change in fair value recognized in earnings	(6,577)	(7,583)
Balance — end of period	(461,002)	(326,804)
Reverse Mortgage Loans Held for Investment
Securitized loans (pledged to HMBS-related borrowings)	469,416	333,518
Unsecuritized loans and tail advances	12,735	14,558
Total	482,151	348,076
HMBS-Related Borrowings
Securitized loans (pledged to HMBS-related borrowings)	(461,002)	(326,804)
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value	$ 461,002	$ 326,804

This represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing.

No definition available.