v3.26.1
Fair Value - Schedule of Carrying Value and Estimated Fair Value (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Financial assets:    
Loans and investments, net, Principal/Notional Amount $ 12,107,031 $ 12,113,107
Loans and investments, net 11,915,216 11,934,248
Loans held-for-sale, net, Principal/Notional Amount 378,247 408,386
Loans held-for-sale, net 378,247 408,386
Securities, held-to-maturity, net, Principal/Notional Amount 224,761 229,521
Securities held-to-maturity, net 157,137 156,087
Derivative financial instruments, Principal/Notional Amount 231,927 94,319
Financial liabilities:    
Credit and repurchase facilities, Principal/Notional Amount 5,821,983 5,161,707
Credit and repurchase facilities 5,812,258 5,149,651
Securitized debt 2,972,246 3,468,258
Senior unsecured notes 1,857,769 2,029,078
Junior subordinated notes 145,907 145,497
Notes payable - real estate owned, Principal/Notional Amount 270,410 222,965
Notes payable - real estate owned 270,410 222,965
Derivative financial instruments, Principal/Notional Amount $ 447,896 292,734
Minimum    
Financial liabilities:    
Period of loans held for sale sold 60 days  
Maximum    
Financial liabilities:    
Period of loans held for sale sold 180 days  
Carrying Value    
Financial assets:    
Loans and investments, net $ 11,915,216 11,934,248
Loans held-for-sale, net 375,797 409,081
Capitalized mortgage servicing rights, net 323,887 340,842
Securities held-to-maturity, net 157,137 156,087
Derivative financial instruments 1,594 585
Financial liabilities:    
Credit and repurchase facilities 5,812,258 5,149,651
Securitized debt 2,972,246 3,468,258
Senior unsecured notes 1,857,769 2,029,078
Junior subordinated notes 145,907 145,497
Notes payable - real estate owned 270,410 222,965
Derivative financial instruments 2,637 1,082
Estimated Fair Value    
Financial assets:    
Loans and investments, net 11,916,632 11,964,280
Loans held-for-sale, net 385,894 421,398
Capitalized mortgage servicing rights, net 462,029 474,767
Securities held-to-maturity, net 150,321 150,147
Derivative financial instruments 1,594 585
Financial liabilities:    
Credit and repurchase facilities 5,800,728 5,143,472
Securitized debt 2,999,104 3,487,773
Senior unsecured notes 1,789,738 2,009,938
Junior subordinated notes 113,551 111,992
Notes payable - real estate owned 269,131 221,893
Derivative financial instruments 2,637 1,082
Securitized debt    
Financial liabilities:    
Debt face value issued to third parties 2,992,050 3,485,786
Senior unsecured notes    
Financial liabilities:    
Debt face value issued to third parties 1,875,000 2,050,000
Junior subordinated notes    
Financial liabilities:    
Debt face value issued to third parties 154,336 154,336
Junior subordinated notes $ 145,900 $ 145,500