v3.26.1
SECURED FINANCING - Repurchase Agreements - Remaining Maturities, Collateral Types and Weighted Average Rate (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Repurchase Agreements:    
Gross amounts $ 86,945,874 $ 84,303,067
Amounts offset (50,000) (2,437,344)
Net amounts of Repurchase agreements as presented in the Consolidated Statements of Financial Condition $ 86,895,874 $ 81,865,723 [1]
Repurchase agreements, remaining maturities, percentage 1.00% 1.00%
CRTs    
Repurchase Agreements:    
Gross amounts $ 0 $ 96,162
Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 3,261,264 2,697,344
Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 3,666,812 2,217,938
Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 80,017,798 79,291,623
Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 0 0
1 day    
Repurchase Agreements:    
Gross amounts 35,351,368 0
1 day | CRTs    
Repurchase Agreements:    
Gross amounts 0 0
1 day | Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 26,890 0
1 day | Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 0 0
1 day | Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 35,324,478 0
1 day | Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 0 0
2 to 29 days    
Repurchase Agreements:    
Gross amounts 13,873,486 44,954,910
2 to 29 days | CRTs    
Repurchase Agreements:    
Gross amounts 0 96,162
2 to 29 days | Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 1,277,694 1,371,672
2 to 29 days | Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 0 0
2 to 29 days | Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 12,595,792 43,487,076
2 to 29 days | Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 0 0
30 to 59 days    
Repurchase Agreements:    
Gross amounts 28,036,526 32,731,191
30 to 59 days | CRTs    
Repurchase Agreements:    
Gross amounts 0 0
30 to 59 days | Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 904,094 376,364
30 to 59 days | Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 0 519,921
30 to 59 days | Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 27,132,432 31,834,906
30 to 59 days | Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 0 0
60 to 89 days    
Repurchase Agreements:    
Gross amounts 5,482,240 4,624,845
60 to 89 days | CRTs    
Repurchase Agreements:    
Gross amounts 0 0
60 to 89 days | Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 527,659 655,204
60 to 89 days | Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 0 0
60 to 89 days | Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 4,954,581 3,969,641
60 to 89 days | Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 0 0
90 to 119 days    
Repurchase Agreements:    
Gross amounts 88,963 184,068
90 to 119 days | CRTs    
Repurchase Agreements:    
Gross amounts 0 0
90 to 119 days | Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 87,054 18,763
90 to 119 days | Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 0 165,305
90 to 119 days | Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 1,909 0
90 to 119 days | Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 0 0
Over 119 days    
Repurchase Agreements:    
Gross amounts 4,113,291 1,808,053
Over 119 days | CRTs    
Repurchase Agreements:    
Gross amounts 0 0
Over 119 days | Non-Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 437,873 275,341
Over 119 days | Residential Mortgage Loans    
Repurchase Agreements:    
Gross amounts 3,666,812 1,532,712
Over 119 days | Agency Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts 8,606 0
Over 119 days | Commercial Mortgage-Backed Securities    
Repurchase Agreements:    
Gross amounts $ 0 $ 0
[1]
(1)Derived from the audited consolidated financial statements at December 31, 2025.