v3.25.2
Investments in Equity Affiliates - Narrative (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 31, 2025
Apr. 30, 2025
Apr. 30, 2024
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Investment in Equity Affiliates                  
Income (loss) from equity affiliates       $ 2,654   $ 2,793 $ 1,020 $ 4,211  
Bridge loans, total UPB             617,789   $ 611,696
Loans to affiliates, balance       165,393     165,393    
Distributions from equity affiliates             7,905 11,224  
Interest income       240,303   297,188 $ 480,997 618,480  
Related Party                  
Investment in Equity Affiliates                  
Percentage of ownership interest of related party in the entity             50.00%    
Bridge loans                  
Investment in Equity Affiliates                  
Bridge loans, total UPB     $ 100,300            
Arbor Residential Investor LLC                  
Investment in Equity Affiliates                  
Equity investment       9,600     $ 9,600    
Percentage of ownership interest of related party in the entity             50.00%    
Income (loss) from equity affiliates       (1,400)   (800) $ (1,400) 800  
Distribution received       5,600   7,700 6,100 7,700  
Loans to affiliates, balance       0     $ 0    
Arbor Residential Investor LLC | Related Party                  
Investment in Equity Affiliates                  
Percentage of ownership interest of related party in the entity             50.00%    
Residential Mortgage Banking Business                  
Investment in Equity Affiliates                  
Indirect ownership percentage             65.00%    
Distribution received   $ 5,600              
Agreement to sell business, expected sale price   22,000              
Residential Mortgage Banking Business | Subsequent event                  
Investment in Equity Affiliates                  
Distribution received $ 16,400                
Residential Mortgage Banking Business | Wakefield Investment Holding LLC                  
Investment in Equity Affiliates                  
Agreement to sell business, expected sale price   117,300              
Sale agreement, installment one   15,000              
Sale agreement, installment two   15,000              
Sale agreement, installment three   $ 87,300              
AWC Real Estate Opportunity Partners I LP                  
Investment in Equity Affiliates                  
Income (loss) from equity affiliates       (100)   (200) $ (200) (200)  
Noncontrolling interest       1,300   100 3,700 8,500  
Loans to affiliates, balance       108,450     108,450    
Distributions from equity affiliates       1,000   11,200 1,000 11,200  
Interest income       $ 2,100     $ 4,200    
AWC Real Estate Opportunity Partners I LP | Federal National Mortgage Association (FNMA)                  
Investment in Equity Affiliates                  
Loans to affiliates, balance         $ 13,000        
AWC Real Estate Opportunity Partners I LP | Bridge loans                  
Investment in Equity Affiliates                  
Bridge loans, total UPB         $ 108,500        
AWC Real Estate Opportunity Partners I LP | AWC Real Estate Opportunity Partners I LP                  
Investment in Equity Affiliates                  
Ownership interest, percentage       46.00% 46.00%   46.00%   49.00%
AWC Real Estate Opportunity Partners I LP | Capital Partner                  
Investment in Equity Affiliates                  
Real estate investments, commitment, amount         $ 3,000        
Fifth Wall Ventures                  
Investment in Equity Affiliates                  
Income (loss) from equity affiliates       $ 300   100 $ 800 400  
Distribution received       1,400     1,400    
Noncontrolling interest       1,200   200 1,900 700  
Loans to affiliates, balance       0     0    
AMAC Holdings III LLC                  
Investment in Equity Affiliates                  
Noncontrolling interest       900   2,600 900 2,600  
Gain (loss) on investment       (1,000)   (700) (1,900) (1,200)  
Loans to affiliates, balance       33,410     33,410    
Lexford Portfolio                  
Investment in Equity Affiliates                  
Distribution received       3,400   $ 4,200 3,400 $ 4,200  
Loans to affiliates, balance       $ 0     $ 0