v3.26.1
Net (Losses) Gains on Investments and Financings
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Net (Losses) Gains on Investments and Financings

Note 20— Net (Losses) Gains on Investments and Financings

Net (losses) gains on investments and financings are summarized below:

 

 

Quarter ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

(33,407

)

 

$

64,855

 

Loans held for investment

 

 

(65,803

)

 

 

28,681

 

CRT arrangements

 

 

13,911

 

 

 

(1,800

)

Asset-backed financings

 

 

62,236

 

 

 

(29,423

)

 

$

(23,063

)

 

$

62,313