v3.26.1
Derivative Instruments - Schedule of Reconciliation of Gross Derivative Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Derivative assets    
Gross Amount of Recognized Assets (Liabilities) $ 48,917 $ 23,998
Gross Amounts Offset in Balance Sheets (21,767) (10,650)
Variation Margin (25,311) (12,626)
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 1,839 722
Derivative liabilities    
Gross Amount of Recognized Assets (Liabilities) (28,106) (59,409)
Gross Amounts Offset in Balance Sheets 21,767 10,650
Variation Margin 4,816 48,759
Net Amounts of Assets (Liabilities) Presented in Balance Sheets (1,523) 0
Interest rate caps    
Derivative assets    
Gross Amount of Recognized Assets (Liabilities) 684 31
Gross Amounts Offset in Balance Sheets 0 0
Variation Margin 0 0
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 684 31
IRLCs    
Derivative assets    
Gross Amount of Recognized Assets (Liabilities) 1,155 691
Gross Amounts Offset in Balance Sheets 0 0
Variation Margin 0 0
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 1,155 691
Interest rate swaps    
Derivative assets    
Gross Amount of Recognized Assets (Liabilities) 20,825 8,769
Gross Amounts Offset in Balance Sheets (20,825) (8,769)
Variation Margin 0 0
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 0 0
Derivative liabilities    
Gross Amount of Recognized Assets (Liabilities) (23,004) (47,638)
Gross Amounts Offset in Balance Sheets 20,825 8,769
Variation Margin 2,179 38,869
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 0 0
Credit default swaps    
Derivative liabilities    
Gross Amount of Recognized Assets (Liabilities) (2,637) (9,890)
Gross Amounts Offset in Balance Sheets 0 0
Variation Margin 2,637 9,890
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 0 0
TBAs    
Derivative assets    
Net Amounts of Assets (Liabilities) Presented in Balance Sheets (1,523)  
Derivative liabilities    
Gross Amount of Recognized Assets (Liabilities) (1,523)  
Gross Amounts Offset in Balance Sheets 0  
Variation Margin 0  
Net Amounts of Assets (Liabilities) Presented in Balance Sheets (1,523)  
U.S. Treasury futures    
Derivative assets    
Gross Amount of Recognized Assets (Liabilities) 26,253 4,759
Gross Amounts Offset in Balance Sheets (942) (148)
Variation Margin (25,311) (4,611)
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 0 0
Derivative liabilities    
Gross Amount of Recognized Assets (Liabilities) (942) (148)
Gross Amounts Offset in Balance Sheets 942 148
Variation Margin 0 0
Net Amounts of Assets (Liabilities) Presented in Balance Sheets 0 0
Commodity futures    
Derivative assets    
Gross Amount of Recognized Assets (Liabilities)   9,748
Gross Amounts Offset in Balance Sheets   (1,733)
Variation Margin   (8,015)
Net Amounts of Assets (Liabilities) Presented in Balance Sheets $ 0 0
Derivative liabilities    
Gross Amount of Recognized Assets (Liabilities)   (1,733)
Gross Amounts Offset in Balance Sheets   1,733
Variation Margin   0
Net Amounts of Assets (Liabilities) Presented in Balance Sheets   $ 0