v3.25.4
Debt - Narrative (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Aug. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
May 31, 2025
USD ($)
Apr. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Oct. 01, 2025
USD ($)
Sep. 30, 2025
USD ($)
Jul. 31, 2025
USD ($)
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Apr. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Feb. 28, 2024
USD ($)
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity           $ 2,105,300                      
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 10                                  
Debt Instrument [Line Items]                                  
Debt instrument, basis spread on variable rate           2.35%                      
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%                      
Digital Asset Loan Facility                                  
Debt Instrument [Line Items]                                  
Debt instrument, basis spread on variable rate       13.50%                          
FCC Certificates                                  
Debt Instrument [Line Items]                                  
Debt instrument, basis spread on variable rate           35.00% 35.00%                    
FCC Certificates | Nonrelated Party                                  
Debt Instrument [Line Items]                                  
Debt oustanding           $ 76,100                      
FCC Certificates | Related Party                                  
Debt Instrument [Line Items]                                  
Debt oustanding           2,100                      
Democratized Price YLDS | Nonrelated Party                                  
Debt Instrument [Line Items]                                  
Debt oustanding           24,400                      
Democratized Price YLDS | Related Party                                  
Debt Instrument [Line Items]                                  
Debt oustanding           164,100                      
Revolving Credit Facility | Warehouse Facility 2                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity     $ 150,000   $ 250,000   $ 250,000                    
Debt instrument, basis spread on variable rate     2.25%                            
Revolving Credit Facility | Warehouse Facility 2 | Minimum                                  
Debt Instrument [Line Items]                                  
Debt instrument, basis spread on variable rate         3.00%                        
Revolving Credit Facility | Warehouse Facility 2 | Maximum                                  
Debt Instrument [Line Items]                                  
Debt instrument, basis spread on variable rate         4.00%                        
Revolving Credit Facility | Warehouse Facility 3 | Minimum                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity                                 $ 100,000
Revolving Credit Facility | Warehouse Facility 3 | Maximum                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity                             $ 200,000    
Revolving Credit Facility | Warehouse Facility 4                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity                     $ 335,300         $ 237,500  
Revolving Credit Facility | Warehouse Facility 4 | Common Class A                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity                               200,000  
Revolving Credit Facility | Warehouse Facility 4 | Common Class B                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity                               $ 37,500  
Revolving Credit Facility | REIT Warehouse                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity $ 200,000                     $ 150,000          
Debt exit fee percentage 0.15%                                
Debt exit fee (not to exceed) $ 500                                
Revolving Credit Facility | REIT Warehouse | Minimum                                  
Debt Instrument [Line Items]                                  
Aggregate outstanding purchase price for mortgage loans during pricing period greater than or equal $ 100,000                                
Aggregate outstanding purchase price for mortgage loans during pricing period greater than or equals percentage 0.0300                                
Revolving Credit Facility | REIT Warehouse | Maximum                                  
Debt Instrument [Line Items]                                  
Aggregate outstanding purchase price for mortgage loans during pricing period less than $ 100,000                                
Aggregate outstanding purchase price for mortgage loans during pricing period less than, percentage 3.50%                                
Revolving Credit Facility | Warehouse Facility 10                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity       $ 300,000                          
Debt instrument, basis spread on variable rate       2.35%                          
Line of credit facility, committed borrowing capacity       $ 1,000                          
Revolving Credit Facility | Warehouse Facility 11                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity   $ 100,000       $ 300,000       $ 200,000              
Debt instrument, basis spread on variable rate   1.75%                              
Debt instrument, variable rate, floor   2.00%                              
Debt instrument, variable rate and basis spread, minimum   3.75%                              
Revolving Credit Facility | Digital Asset Loan Facility                                  
Debt Instrument [Line Items]                                  
Debt instrument, basis spread on variable rate       100.00%                          
Revolving Credit Facility | Digital Asset Loan Facility | Minimum                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity       $ 30,000                          
Revolving Credit Facility | Digital Asset Loan Facility | Maximum                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity       $ 50,000                          
Revolving Credit Facility | MSR Note                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity                         $ 40,000 $ 30,000      
Revolving Credit Facility | Retained Interest Facility                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity               $ 500,000 $ 250,000                
Revolving Credit Facility-Upsize Option | Warehouse Facility 11                                  
Debt Instrument [Line Items]                                  
Line of credit facility, maximum borrowing capacity   $ 200,000