v3.25.4
Investment Securities - Schedule of Investments in RMBS and CMBS (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase $ (54,041) $ (50,555)
Due to broker 198,191 201,994
Mezzanine    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (6,993) (5,440)
Subordinate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (12,354) (19,829)
Interest Only/Excess    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Retained RMBS in VIEs | VIEntity - Primary Beneficiary    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (34,694) (25,286)
Retained RMBS in VIEs | VIEntity - Primary Beneficiary | Eliminations    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 198,900 163,900
Total AOMT RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (54,041) (50,555)
Fannie Mae    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Freddie Mac    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Total Whole Pool Agency RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase 0 0
Total RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase (54,041) (50,555)
Total Other Non-Agency RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase   0
Subordinate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase   0
Interest Only/Excess    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Securities Sold Under Agreements to Repurchase   0
Mezzanine    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 13,252 12,735
Allocated Capital 6,259 7,295
Subordinate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 59,587 73,548
Allocated Capital 47,233 53,719
Interest Only/Excess    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 9,301 12,508
Allocated Capital 9,301 12,508
Retained RMBS in VIEs | VIEntity - Primary Beneficiary    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 0 0
Allocated Capital (34,694) (25,286)
Total AOMT RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 82,140 98,791
Allocated Capital 28,099 48,236
Subordinate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value   0
Allocated Capital   0
Interest Only/Excess    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value   0
Allocated Capital   0
Total Other Non-Agency RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value   0
Allocated Capital   0
Fannie Mae    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 56,412 161,878
Allocated Capital 56,412 161,878
Freddie Mac    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 141,453 39,574
Allocated Capital 141,453 39,574
Total Whole Pool Agency RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 197,865 201,452
Allocated Capital 197,865 201,452
Total RMBS    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Real Estate Securities at Fair Value 280,005 300,243
Allocated Capital $ 225,964 $ 249,688