v3.26.1
Securities, at Fair Value - Interest Income (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt Securities, Available-for-sale [Line Items]    
Interest income $ 45,753 $ 24,670
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Coupon interest 44,406 20,919
Effective yield adjustment (289) 1
Interest income 44,117 20,920
Other MBS    
Debt Securities, Available-for-sale [Line Items]    
Coupon interest 834 1,528
Effective yield adjustment 802 127
Interest income 1,636 1,655
Term notes backed by MSR collateral    
Debt Securities, Available-for-sale [Line Items]    
Coupon interest 0 1,093
Effective yield adjustment 0 1,002
Interest income $ 0 $ 2,095