v3.26.1
SECURITIES - Summary of Residential Securities and CMBS (Details)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
USD ($)
Debt Securities, Available-For-Sale [Roll Forward]  
Beginning balance January 1, 2026 $ 91,287,630 [1],[2]
Purchases 13,331,028
Sales (8,408,405)
Principal paydowns (5,544,321)
(Amortization) / accretion (119,933)
Fair value adjustment (1,030,514)
Ending balance June 30, 2026 89,515,485 [2]
Agency Securities  
Debt Securities, Available-For-Sale [Roll Forward]  
Beginning balance January 1, 2026 89,628,654
Purchases 12,563,011
Sales (7,994,201)
Principal paydowns (5,296,395)
(Amortization) / accretion (115,338)
Fair value adjustment (1,017,153)
Ending balance June 30, 2026 87,768,578
Residential Credit Securities  
Debt Securities, Available-For-Sale [Roll Forward]  
Beginning balance January 1, 2026 1,658,976
Purchases 373,017
Sales (154,204)
Principal paydowns (247,926)
(Amortization) / accretion (4,595)
Fair value adjustment (13,380)
Ending balance June 30, 2026 1,611,888
Commercial Securities  
Debt Securities, Available-For-Sale [Roll Forward]  
Beginning balance January 1, 2026 0
Purchases 395,000
Sales (260,000)
Principal paydowns 0
(Amortization) / accretion 0
Fair value adjustment 19
Ending balance June 30, 2026 $ 135,019
[1]
(1)Derived from the audited consolidated financial statements at December 31, 2025.
[2]
(3)Excludes $3.7 billion and $3.1 billion at June 30, 2026 and December 31, 2025, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.