v3.25.4
Debt - Schedule of Debt (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Apr. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]        
Carrying Value   $ 293,186 $ 474,855  
Unamortized deferred financing costs   (2,603) (1,679)  
Total debt carried at cost, net   290,583 473,176  
Total debt carried at fair value   266,654 0  
Total debt   $ 557,237 473,176  
Debt repurchase exit fee, percentage   0.50%    
Amortization of deferred financing costs   $ 1,020 1,035 $ 330
Nonrelated Party        
Debt Instrument [Line Items]        
Debt, current, fair value   100,519 0  
Related Party        
Debt Instrument [Line Items]        
Debt, current, fair value   166,135 0  
Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   21,553 305,850  
Warehouse Facility 1 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 28,286  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
Warehouse Facility 2 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 2,904 61,007  
Weighted Average Funding Cost   6.80%    
Collateral Carrying Value   $ 4,686    
Debt instrument, basis spread on variable rate   2.25%    
Warehouse Facility 3 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 26,227  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
Quarterly variable exit fee based on first principal balance repurchased amount   50,000    
Quarterly variable exit fee based on principal balance repurchased in excess of amount   $ 50,000    
Warehouse Facility 3 | Funding Debt: | Minimum        
Debt Instrument [Line Items]        
Debt repurchase exit fee, percentage   0.125%    
Warehouse Facility 3 | Funding Debt: | Maximum        
Debt Instrument [Line Items]        
Debt repurchase exit fee, percentage   1.50%    
Warehouse Facility 4        
Debt Instrument [Line Items]        
Line of credit facility, unused capacity, commitment fee percentage   0.50%    
Warehouse Facility 4 | Minimum        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   2.15%    
Warehouse Facility 4 | Maximum        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   5.50%    
Warehouse Facility 4 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 7,039 68,568  
Weighted Average Funding Cost   7.10%    
Collateral Carrying Value   $ 8,330    
Warehouse Facility 5 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 21,697  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
REIT Warehouse        
Debt Instrument [Line Items]        
Debt repurchase exit fee, percentage   0.15%    
Debt instrument exit fee, repurchased, non-securitized loan amount, maximum   $ 500    
REIT Warehouse | Minimum        
Debt Instrument [Line Items]        
Debt Instrument, interest rate basis, average purchased mortgage loans during pricing period, amount   $ 100,000    
Debt instrument, interest rate during period   3.00%    
REIT Warehouse | Maximum        
Debt Instrument [Line Items]        
Debt instrument, interest rate during period   3.50%    
Debt instrument, interest rate basis, average purchased mortgage loans during pricing period, maximum amount   $ 100,000    
REIT Warehouse | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 750 99,204  
Weighted Average Funding Cost   9.10%    
Collateral Carrying Value   $ 560    
Warehouse Facility 6        
Debt Instrument [Line Items]        
Debt repurchase exit fee, percentage   0.50%    
Debt instrument, basis spread on variable rate   3.50%    
Warehouse Facility 6 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 0  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
Warehouse Facility 7 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 0  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
Warehouse Facility 8 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 0  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
Warehouse Facility 9 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 0 861  
Weighted Average Funding Cost   0.00%    
Collateral Carrying Value   $ 0    
Warehouse Facility 10        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   2.35%    
Warehouse Facility 10 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 1,700 0  
Weighted Average Funding Cost   7.40%    
Collateral Carrying Value   $ 2,190    
Warehouse Facility 11 | Minimum        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   1.75%    
Warehouse Facility 11 | Maximum        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   2.00%    
Warehouse Facility 11 | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 6,063 0  
Weighted Average Funding Cost   6.30%    
Collateral Carrying Value   $ 5,886    
Digital Asset Loan Facility        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 13.50%      
Debt instrument, interest rate, stated percentage   13.50%    
Digital Asset Loan Facility | Funding Debt:        
Debt Instrument [Line Items]        
Carrying Value   $ 3,097 0  
Weighted Average Funding Cost   15.00%    
Collateral Carrying Value   $ 3,073    
Lender 1 | MSR financing:        
Debt Instrument [Line Items]        
Carrying Value   $ 40,000 40,000  
Weighted Average Funding Cost   16.90%    
Collateral Carrying Value   $ 63,767    
Debt instrument, interest rate, stated percentage   16.50%    
Retained Interest Facility | Financed retained interests:        
Debt Instrument [Line Items]        
Carrying Value   $ 231,633 $ 129,005  
Weighted Average Funding Cost   6.40%    
Collateral Carrying Value   $ 231,788    
Retained Interest Facility | Financed retained interests: | Minimum        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   0.50%    
Retained Interest Facility | Financed retained interests: | Maximum        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   0.55%    
FCC Certificates        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate   35.00% 35.00%  
Debt maturity period   20 years    
FCC Certificates | Nonrelated Party        
Debt Instrument [Line Items]        
Debt, current, fair value   $ 76,110 $ 0  
FCC Certificates | Related Party        
Debt Instrument [Line Items]        
Debt, current, fair value   2,050 0  
Democratized Price YLDS | Nonrelated Party        
Debt Instrument [Line Items]        
Debt, current, fair value   24,409 0  
Democratized Price YLDS | Related Party        
Debt Instrument [Line Items]        
Debt, current, fair value   $ 164,085 $ 0  
Debt average interest rate   8.70%