v3.26.1
Loans and Investments - Schedule of Loan Modifications (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       $ 1,201,735
Weighted average pay rate after modification 6.95% 5.18% 4.99% 4.69%
Deferred rate after modification 0.00% 2.28% 1.89% 3.10%
Financing receivable modifications unpaid principal balance $ 20,800      
UPB of loan modifications made during the current year $ 386,100   $ 865,400  
Financing receivable, modified in period, percentage of total investment portfolio 3.00% 2.00% 7.00% 11.00%
Total UPB of modified loans that had been previously modified $ 113,000 $ 136,100 $ 421,100 $ 520,100
Weighted average pay rate before modification 6.65% 6.47% 5.67% 6.71%
Deferred rate before modification 1.25% 1.65% 2.01% 1.25%
Financing receivable, specific reserve   $ 2,200 $ 1,000 $ 7,400
UPB of loan modifications made in prior year   $ 249,900   1,200,000
Payment Deferral, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       $ 994,270
Weighted average pay rate after modification 5.65% 5.50% 4.69% 5.23%
Deferred rate after modification 3.00% 2.78% 2.81% 2.19%
Contractual Interest Rate Reduction, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       $ 107,000
Weighted average pay rate after modification 5.72%      
Other        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       100,465
Extended Maturity, 22.1 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification 22 months 3 days      
Extended Maturity, 36.8 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification 36 months 24 days      
Extended Maturity, 23.5 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification     23 months 15 days  
Payment Deferral And Pay Rate Increase From Time-To-Time        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 38,100 $ 78,300 $ 508,400
Extended Maturity, 29.0 Months        
Financing Receivable, Modified [Line Items]        
Weighted average pay rate after modification   5.97% 5.52% 5.97%
Deferred rate after modification   0.56% 0.46% 0.56%
Financing receivable modified, weighted average term increase from modification   23 months 29 months 23 months
Specific Reserve        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 25,600 $ 33,000 $ 51,100
Extended Maturity, 19 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification   19 months    
Extended Maturity, 19.3 Months        
Financing Receivable, Modified [Line Items]        
Financing receivable modified, weighted average term increase from modification       19 months 9 days
Multifamily        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 386,923 $ 251,905 865,723 $ 1,185,245
Multifamily | Payment Deferral, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty 13,200 144,905 179,986 994,270
Multifamily | Contractual Interest Rate Reduction, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty 260,723 107,000 457,317 107,000
Multifamily | Other        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty 113,000   228,420 83,975
Unpaid interest capitalized 1,200   1,200  
Multifamily | Other | Financing Receivable, Tranche One        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 104,100   $ 104,100  
Financing receivable, basis spread on variable rate 0.0300   0.0300  
Multifamily | Other | Financing Receivable, Tranche Two        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty $ 10,100   $ 10,100  
Financing receivable, fixed interest rate 0.1000   0.1000  
Multifamily | Amendment Of Certain Terms        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty     $ 115,400  
Multifamily | Capitalized Unpaid Interest Modification        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty     $ 113,000  
Multifamily | Extended Maturity, 19 Months        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty   $ 116,500    
Multifamily | Extended Maturity, 19.3 Months        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       225,200
Single-Family Rental        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       16,490
Single-Family Rental | Payment Deferral, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       0
Single-Family Rental | Contractual Interest Rate Reduction, With Or Without Term Extensions        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       0
Single-Family Rental | Other        
Financing Receivable, Modified [Line Items]        
UPB of loan modifications, borrowers experiencing financial difficulty       $ 16,490