v3.26.1
LOANS - Investment Loan Activity (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2026
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]  
Beginning balance January 1, 2026 $ 5,020,784 [1],[2]
Purchases / organizations / draws 15,012,633
Sales and transfers (12,475,215)
Principal payments (251,049)
Gains / (losses) (8,940)
(Amortization) / accretion (17,234)
Ending balance June 30, 2026 7,280,979 [2]
Exercise of optional redemption provisions of securitization vehicles, carrying value 977,300
Transfer of residential loans to securitization vehicles, carrying value $ 11,800,000
[1]
(1)Derived from the audited consolidated financial statements at December 31, 2025.
[2]
(4)Includes $2.1 million and $37.1 million of residential mortgage loans held for sale at June 30, 2026 and December 31, 2025, respectively.