v3.26.1
Net Interest Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Interest income $ 208,179 $ 189,871
Interest expense:    
Interest expense 249,722 208,082
Net interest expense (41,543) (18,211)
Nonrelated Party    
Interest income:    
Cash and short-term investments 9,569 10,007
Principal-only stripped mortgage-backed securities 4,976 11,595
Loans held for sale 113,182 87,394
Placement fees relating to custodial funds 89,939 79,795
Other 465 1,080
Interest expense:    
Assets sold under agreements to repurchase 110,018 94,229
Mortgage loan participation purchase and sale agreements 4,194 3,804
Notes payable secured by mortgage servicing assets 22,389 36,578
Unsecured senior notes 83,279 60,137
Interest shortfall on repayments of mortgage loans serviced for Agency securitizations 26,131 9,774
Interest on mortgage loan impound deposits 2,737 2,581
Other 974 979
Interest expense 249,722 208,082
Loan Repo Facility    
Interest expense:    
Assets sold under agreements to repurchase $ 110,018 $ 94,229