v3.26.1
MORTGAGE LOAN RECEIVABLES - Activity in Loan Portfolio (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mortgage loan receivables held for investment, net, at amortized cost:        
Net result from mortgage loan receivables held for sale $ 174 $ 4,914 $ 247 $ 5,076
Allowance for credit losses        
Beginning balance, Allowance for credit losses (47,109) (52,208) (47,137) (52,323)
Release (addition) of provision for current expected credit loss, net (122) 42 (94) 123
Ending balance, Allowance for credit losses (47,095) (52,166) (47,095) (52,166)
Unrealized lower of cost or market adjustment reversal     (800) 1,500
Realized gain on loans held for sale     1,000 3,600
Repayments in transit of securities (other assets)     15,737 0
Mortgage loans receivable        
Mortgage loan receivables held for investment, net, at amortized cost:        
Mortgage loans receivable, ending balance 2,790,138 1,593,710 2,790,138 1,593,710
Total mortgage loan receivables held for investment, net, at amortized cost        
Mortgage loan receivables held for investment, net, at amortized cost:        
Mortgage loans receivable, beginning balance     2,217,375 1,591,322
Origination of mortgage loan receivables     1,034,275 412,598
Repayment of mortgage loan receivables     (381,636) (373,160)
Proceeds from sales of mortgage loan receivables     0 0
Non-cash disposition of loan via foreclosure     (87,971) (42,400)
Net result from mortgage loan receivables held for sale     0 0
Accretion/amortization of discount, premium and other fees     8,095 5,350
Allowance for credit losses        
Beginning balance, Allowance for credit losses     (47,137) (52,323)
Non-cash disposition of loans via foreclosure     0 0
Release (addition) of provision for current expected credit loss, net     42 157
Ending balance, Allowance for credit losses (47,095) (52,166) (47,095) (52,166)
Repayments in transit of securities (other assets)       900
Mortgage loan  receivables held for sale        
Mortgage loan receivables held for investment, net, at amortized cost:        
Mortgage loans receivable, beginning balance     27,986 26,898
Origination of mortgage loan receivables     25,203 63,360
Repayment of mortgage loan receivables     0 (140)
Proceeds from sales of mortgage loan receivables     (26,231) (66,847)
Net result from mortgage loan receivables held for sale     247 5,076
Accretion/amortization of discount, premium and other fees     0 0
Mortgage loans receivable, ending balance $ 27,205 $ 28,347 27,205 $ 28,347
Conduit Mortgage Loans        
Mortgage loan receivables held for investment, net, at amortized cost:        
Proceeds from sales of mortgage loan receivables     $ (8,200)