v3.25.2
Net Gains (Losses) on Investments and Financings
6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Net Gains (Losses) on Investments and Financings

Note 19— Net Gains (Losses) on Investments and Financings

Net gains (losses) on investments and financings are summarized below:

 

 

Quarter ended June 30,

 

 

Six months ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

14,564

 

 

$

(34,925

)

 

$

79,419

 

 

$

(73,123

)

Loans held for investment

 

 

13,659

 

 

 

(2,742

)

 

 

42,340

 

 

 

(4,020

)

CRT arrangements

 

 

20,250

 

 

 

16,629

 

 

 

18,450

 

 

 

68,284

 

Asset-backed financings

 

 

(14,793

)

 

 

1,295

 

 

 

(44,216

)

 

 

8,771

 

Hedging derivatives

 

 

 

 

 

 

 

 

 

 

 

20,098

 

 

$

33,680

 

 

$

(19,743

)

 

$

95,993

 

 

$

20,010