v3.26.1
SECURED FINANCING (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements Remaining Maturity ,Collateral Types and Weighted Average Rates
At June 30, 2026 and December 31, 2025, the repurchase agreements had the following remaining maturities and collateral types: 
June 30, 2026
 Agency Mortgage-Backed SecuritiesCRTsNon-Agency Mortgage-Backed SecuritiesResidential Mortgage LoansCommercial Mortgage-Backed SecuritiesTotal Repurchase Agreements
 (dollars in thousands)
1 day$35,324,478 $— $26,890 $— $— $35,351,368 
2 to 29 days12,595,792 — 1,277,694 — — 13,873,486 
30 to 59 days27,132,432 — 904,094 — — 28,036,526 
60 to 89 days4,954,581 — 527,659 — — 5,482,240 
90 to 119 days1,909 — 87,054 — — 88,963 
Over 119 days (1)
8,606 — 437,873 3,666,812 — 4,113,291 
Total$80,017,798 $— $3,261,264 $3,666,812 $— $86,945,874 
Amounts offset in accordance with netting arrangements(50,000)
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition$86,895,874 
December 31, 2025
 Agency Mortgage-Backed SecuritiesCRTsNon-Agency Mortgage-Backed SecuritiesResidential Mortgage LoansCommercial Mortgage-Backed SecuritiesTotal Repurchase Agreements
 (dollars in thousands)
1 day$— $— $— $— $— $— 
2 to 29 days43,487,076 96,162 1,371,672 — — 44,954,910 
30 to 59 days31,834,906 — 376,364 519,921 — 32,731,191 
60 to 89 days3,969,641 — 655,204 — — 4,624,845 
90 to 119 days— — 18,763 165,305 — 184,068 
Over 119 days (1)
— — 275,341 1,532,712 — 1,808,053 
Total$79,291,623 $96,162 $2,697,344 $2,217,938 $— $84,303,067 
Amounts offset in accordance with netting arrangements(2,437,344)
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition$81,865,723 
(1) Less than 1% of repurchase agreements had a remaining maturity over 1 year at June 30, 2026 and December 31, 2025.
Summary of Gross Amounts, Amounts Offset and Net Amounts of Repurchase Agreement and Reverse Repurchase Agreement
The following table summarizes the gross amounts of reverse repurchase agreements and repurchase agreements, amounts offset in accordance with netting arrangements and net amounts of repurchase agreements and reverse repurchase agreements as presented in the Consolidated Statements of Financial Condition at June 30, 2026 and December 31, 2025. Refer to the “Derivative Instruments” Note for information related to the effect of netting arrangements on the Company’s derivative instruments.
 June 30, 2026December 31, 2025
 Reverse Repurchase AgreementsRepurchase AgreementsReverse Repurchase AgreementsRepurchase Agreements
 (dollars in thousands)
Gross amounts$83,047 $86,945,874 $2,471,733 $84,303,067 
Amounts offset(50,000)(50,000)(2,437,344)(2,437,344)
Netted amounts$33,047 $86,895,874 $34,389 $81,865,723