v3.25.2
Loans and Investments - Schedule of Loan Modifications (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 733,330 $ 1,201,735 $ 2,497,197
Weighted average pay rate after modification 5.18%   4.69%  
Deferred rate after modification 2.28%   3.10%  
UPB of loan modifications made during the current year $ 249,900   $ 1,200,000  
Financing receivable, modified in period, percentage of total investment portfolio 2.20%   10.60% 20.80%
Financing receivable, specific reserve $ 2,200 10,800 $ 7,400 $ 27,800
Total UPB of modified loans that had been previously modified $ 136,100   $ 520,100  
Weighted average pay rate before modification 6.47%   6.71%  
Deferred rate before modification 1.65%   1.25%  
UPB of loan modifications made in prior year   732,300   2,470,000
Payment Deferral, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 398,133 $ 994,270 $ 1,469,202
Weighted average pay rate after modification 5.50% 7.16% 5.23% 7.01%
Deferred rate after modification 2.78% 2.15% 2.19% 2.13%
Contractual Interest Rate Reduction, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty     $ 107,000  
Weighted average pay rate after modification 5.97%   5.97%  
Deferred rate after modification 0.56%   0.56%  
Extended Maturity, 19 Months        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 116,500      
Financing receivable modified, weighted average term increase from modification 19 months      
Payment Deferral And Pay Rate Increase From Time-To-Time        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 38,100   $ 508,400  
Extended Maturity, 23 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification 23 months   23 months  
Specific Reserve        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 25,600 $ 84,600 $ 51,100 $ 172,700
Other        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 119,792 100,465 337,642
Extended Maturity, 19.3 Months        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty     $ 225,200  
Financing receivable modified, weighted average term increase from modification     19 months 9 days  
Extended Maturity, 13.1 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification   13 months 3 days    
Extended Maturity        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 215,405   $ 671,953
Financing receivable modified, weighted average term increase from modification   11 months 15 days   10 months
Extended Maturity, 19.8 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification       19 months 24 days
Contractual Interest Rate Reduction, Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       $ 18,400
Financing receivable, modified in period, percentage of total investment portfolio   6.20%    
Weighted average interest rate reduction       0.72%
Multifamily        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty 251,905 $ 659,252 $ 1,185,245 $ 2,423,119
Multifamily | Payment Deferral, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty 144,905 324,055 994,270 1,395,124
Multifamily | Contractual Interest Rate Reduction, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 107,000   107,000  
Multifamily | Other        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   119,792 83,975 337,642
Multifamily | Extended Maturity, 13.1 Months        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   328,300    
Multifamily | Extended Maturity        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   215,405   671,953
Multifamily | Extended Maturity, 19.8 Months        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       999,300
Multifamily | Contractual Interest Rate Reduction, Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       18,400
Single-Family Rental        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   74,078 16,490 74,078
Single-Family Rental | Payment Deferral, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   74,078 0 74,078
Single-Family Rental | Contractual Interest Rate Reduction, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty     0  
Single-Family Rental | Other        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   0 $ 16,490 0
Single-Family Rental | Extended Maturity        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 0   0
Single-Family Rental | Contractual Interest Rate Reduction, Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       $ 0