INTEREST INCOME AND INTEREST EXPENSE (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Interest income | ||||
| Agency securities | $ 1,094,724 | $ 875,937 | $ 2,179,135 | $ 1,696,119 |
| Residential credit securities | 30,679 | 36,853 | 62,101 | 77,060 |
| Residential mortgage loans | 674,055 | 467,959 | 1,270,844 | 894,014 |
| Commercial investment portfolio | 4,664 | 163 | 6,286 | 1,218 |
| Reverse repurchase agreements | 8,076 | 37,981 | 18,762 | 67,590 |
| Total interest income | 1,812,198 | 1,418,893 | 3,537,128 | 2,736,001 |
| Interest expense | ||||
| Repurchase agreements | 846,551 | 775,918 | 1,679,498 | 1,536,701 |
| Debt issued by securitization vehicles | 438,892 | 312,383 | 837,025 | 595,975 |
| Participations issued | 38,562 | 30,738 | 71,455 | 57,782 |
| U.S. Treasury securities sold, not yet purchased | 0 | 26,654 | 8,266 | 52,372 |
| Total interest expense | 1,324,005 | 1,145,693 | 2,596,244 | 2,242,830 |
| Interest income | $ 488,193 | $ 273,200 | $ 940,884 | $ 493,171 |
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- Definition Interest expense incurred during the reporting period on participation sold. No definition available.
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- Definition Interest expense securitized debt of Consolidated VIE. No definition available.
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- Definition Interest Income [Abstract] No definition available.
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- Definition Interest Income Agency Security Loans No definition available.
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- Definition Interest income commercial real estate debt and preferred equity. No definition available.
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- Definition Interest income residential mortgage loans. No definition available.
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- Definition Represents interest income, including any amortization and accretion (as applicable) of discounts and premiums, derived from securities backed by a pool of mortgages or trust deeds as well as agency debentures. No definition available.
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- Definition Interest expense related to securities sold coupled with an agreement to repurchase the same from the same counterparty at a fixed or determinable price within a fixed or variable time period. No definition available.
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Gross expenses on securities sold coupled with an agreement to repurchase the same from the same counterparty at a fixed or determinable price within a fixed or variable time period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest income derived from securities purchased under agreements to resell. The difference in the price at which the institution buys the securities and resells the securities represents interest for the use of the funds by the other party. Most repurchase and sale agreements involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances and negotiable certificates of deposits are sometimes used in such transactions. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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