Variable Interest Entities - Summary of Investment in MBS Backed by Assets Held in Consolidated VIEs (Detail) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
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| Loans held for investment at fair value | $ 13,659 | $ (2,742) | $ 42,340 | $ (4,020) | |
| Asset-backed financings at fair value | (14,793) | 1,295 | (44,216) | 8,771 | |
| Interest income | 196,481 | 151,835 | 372,572 | 295,394 | |
| Net investment income | 70,201 | 71,198 | 114,666 | 145,403 | |
| Loans held for investment at fair value | 4,566,532 | 4,566,532 | $ 2,193,575 | ||
| Asset-backed financings at fair value | 4,176,128 | 4,176,128 | 2,040,375 | ||
| Variable Interest Entities [Member] | |||||
| Loans held for investment at fair value | 4,564,678 | 4,564,678 | 2,191,709 | ||
| Asset-backed financings at fair value | 4,176,128 | 4,176,128 | 2,040,375 | ||
| Variable Interest Entities [Member] | Mortgage Backed Securities [Member] | |||||
| Loans held for investment at fair value | 13,600 | (2,739) | 42,312 | (3,979) | |
| Asset-backed financings at fair value | (14,793) | 1,295 | (44,216) | 8,771 | |
| Interest income | 50,687 | 13,449 | 84,360 | 25,557 | |
| Interest expense | 46,449 | 11,402 | 75,164 | 24,080 | |
| Net investment income | 3,045 | $ 603 | 7,292 | $ 6,269 | |
| Loans held for investment at fair value | 4,564,678 | 4,564,678 | 2,191,709 | ||
| Asset-backed financings at fair value | 4,176,128 | 4,176,128 | 2,040,375 | ||
| Retained mortgage-backed securities at fair value pledged to secure Assets sold under agreements to repurchase | $ 340,285 | $ 340,285 | $ 130,839 | ||
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- Definition Asset-backed secured financing represents the amounts owed to nonaffiliates relating to the securitization of mortgage loans held in a variable interest entity. No definition available.
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- Definition Gain loss on asset backed financing at fair value. No definition available.
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- Definition The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Fair value of securitized, pay-through debt securities collateralized by real estate mortgage loans classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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