v3.25.4
Segment Reporting (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting [Abstract]      
Number of reportable segments | Segment 2    
Segment Reporting Profit (Loss) and Other Information [Abstract]      
Interest income $ 61,095 $ 55,798 $ 49,985
Interest expense 49,778 55,769 51,642
Net interest income (expense) 11,317 29 (1,657)
Servicing fee income 43,299 48,527 53,427
Servicing costs 9,275 12,418 11,248
Net servicing income 34,024 36,109 42,179
Other income (expense) [1] (22,020) (1,563) (61,724)
Other operating expenses [2] (14,182) (18,263) (13,730)
Provision for corporate business taxes [3] (2,197) (4,102) (523)
Net other comprehensive income (loss) 10,904 (4,725) 26,559
Comprehensive income (loss) 17,846 7,485 (8,896)
Investments 1,428,682 1,356,078  
Other assets 111,874 135,097  
Total Assets 1,540,556 1,491,175  
Debt 1,282,391 1,228,483  
Other liabilities 19,633 29,070  
Total Liabilities 1,302,024 1,257,553  
Net Assets 238,532 233,622  
Servicing Related Assets [Member] | Operating Segments [Member]      
Segment Reporting Profit (Loss) and Other Information [Abstract]      
Interest income 134 5 0
Interest expense 1,487 1,404 1,572
Net interest income (expense) (1,353) (1,399) (1,572)
Servicing fee income 43,299 48,527 53,427
Servicing costs 9,275 12,418 11,248
Net servicing income 34,024 36,109 42,179
Other income (expense) [1] (18,121) (8,117) (29,443)
Other operating expenses [2] (3,513) (3,910) (3,004)
Provision for corporate business taxes (2,197) (4,102) (523)
Net other comprehensive income (loss) 0 0 0
Comprehensive income (loss) 8,840 18,581 7,637
Investments 214,831 233,658  
Other assets 28,904 28,874  
Total Assets 243,735 262,532  
Debt 145,191 151,226  
Other liabilities 2,575 4,290  
Total Liabilities 147,766 155,516  
Net Assets 95,969 107,016  
RMBS [Member] | Operating Segments [Member]      
Segment Reporting Profit (Loss) and Other Information [Abstract]      
Interest income 60,961 55,793 49,985
Interest expense 48,291 54,365 50,070
Net interest income (expense) 12,670 1,428 (85)
Servicing fee income 0 0 0
Servicing costs 0 0 0
Net servicing income 0 0 0
Other income (expense) [1] (3,899) 6,554 (32,281)
Other operating expenses [2] (2,810) (1,141) (664)
Provision for corporate business taxes 0 0 0
Net other comprehensive income (loss) 10,904 (4,725) 26,559
Comprehensive income (loss) 16,865 2,116 (6,471)
Investments 1,213,851 1,122,420  
Other assets 27,293 59,159  
Total Assets 1,241,144 1,181,579  
Debt 1,137,200 1,077,257  
Other liabilities 9,504 15,010  
Total Liabilities 1,146,704 1,092,267  
Net Assets 94,440 89,312  
All Other [Member]      
Segment Reporting Profit (Loss) and Other Information [Abstract]      
Interest income 0 0 0
Interest expense 0 0 0
Net interest income (expense) 0 0 0
Servicing fee income 0 0 0
Servicing costs 0 0 0
Net servicing income 0 0 0
Other income (expense) [1] 0 0 0
Other operating expenses [2] (7,859) (13,212) (10,062)
Provision for corporate business taxes 0 0 0
Net other comprehensive income (loss) 0 0 0
Comprehensive income (loss) (7,859) (13,212) $ (10,062)
Investments 0 0  
Other assets 55,677 47,064  
Total Assets 55,677 47,064  
Debt 0 0  
Other liabilities 7,554 9,770  
Total Liabilities 7,554 9,770  
Net Assets $ 48,123 $ 37,294  
[1] Included in other income (expense) are realized and unrealized gains (losses) on Servicing Related Assets, RMBS and derivatives.
[2] Included in other operating expenses are general and administrative expenses, compensation and benefits and management fee to CHMM.
[3] The provision for income taxes is recorded at the TRS level.