v3.26.1
Net Gains (Losses) on Investments and Financings (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Net Gains (Losses) on Investments and Financings

Net gains (losses) on investments and financings are summarized below:

 

 

Quarter ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

426

 

 

$

14,564

 

 

$

(32,981

)

 

$

79,419

 

Loans held for investment

 

 

(28,488

)

 

 

13,659

 

 

 

(94,291

)

 

 

42,340

 

CRT arrangements

 

 

9,711

 

 

 

20,250

 

 

 

23,622

 

 

 

18,450

 

Asset-backed financings

 

 

40,652

 

 

 

(14,793

)

 

 

102,888

 

 

 

(44,216

)

 

$

22,301

 

 

$

33,680

 

 

$

(762

)

 

$

95,993