v3.26.1
DERIVATIVE INSTRUMENTS - Offsetting of Derivative Assets and Liabilities (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Assets          
Gross Amounts $ 81,784   $ 81,784   $ 115,533 [1]
Liabilities          
Gross Amounts 247,968   247,968   53,755 [1]
Futures contracts, at fair value          
Assets          
Gross Amounts 1,800   1,800   71,065
Financial Instruments (1,800)   (1,800)   (6,644)
Cash Collateral 0   0   0
Net Amounts 0   0   64,421
Liabilities          
Gross Amounts 233,242   233,242   6,644
Financial Instruments (1,800)   (1,800)   (6,644)
Cash Collateral (231,442)   (231,442)   0
Net Amounts 0   0   0
Other derivative assets 1,800   1,800   71,065
Other derivative liabilities 233,242   233,242   6,644
Purchase commitments          
Assets          
Gross Amounts 12,277   12,277   8,385
Financial Instruments 0   0   0
Cash Collateral 0   0   0
Net Amounts 12,277   12,277   8,385
Liabilities          
Gross Amounts 2,316   2,316   5,632
Financial Instruments 0   0   0
Cash Collateral 0   0   0
Net Amounts 2,316   2,316   5,632
Other derivative assets 12,277   12,277   8,385
Other derivative liabilities 2,316   2,316   5,632
Realized Gain (Loss) 0 $ 0 0 $ 0  
Interest rate swaps, at fair value          
Assets          
Gross Amounts 14,137   14,137   7,372
Financial Instruments (5,366)   (5,366)   (2,295)
Cash Collateral 0   0   0
Net Amounts 8,771   8,771   5,077
Liabilities          
Gross Amounts 7,219   7,219   16,385
Financial Instruments (7,219)   (7,219)   (16,385)
Cash Collateral 0   0   0
Net Amounts 0   0   0
Interest rate swaptions          
Assets          
Gross Amounts 3,177   3,177   11,063
Financial Instruments (2,099)   (2,099)   (11,063)
Cash Collateral 0   0   0
Net Amounts 1,078   1,078   0
Liabilities          
Gross Amounts 2,099   2,099   11,931
Financial Instruments (2,099)   (2,099)   (11,063)
Cash Collateral 0   0   (300)
Net Amounts 0   0   568
Other derivative assets 3,177   3,177   11,063
Other derivative liabilities 2,099   2,099   11,931
Realized Gain (Loss) 0 (9,230) 20,230 (9,230)  
TBA derivatives, at fair value          
Assets          
Gross Amounts 50,393   50,393   17,648
Financial Instruments (36,890)   (36,890)   (6,603)
Cash Collateral (7,987)   (7,987)   (8,760)
Net Amounts 5,516   5,516   2,285
Liabilities          
Gross Amounts 3,092   3,092   13,163
Financial Instruments (3,092)   (3,092)   (11,942)
Cash Collateral 0   0   0
Net Amounts 0   0   1,221
Other derivative assets 50,393   50,393   17,648
Other derivative liabilities 3,092   3,092   $ 13,163
Realized Gain (Loss) $ (164,932) $ (57,686) $ (151,184) $ (72,041)  
[1]
(1)Derived from the audited consolidated financial statements at December 31, 2025.