Loans Held for Investment - Changes in Carrying Value of Securitized Loans Held For Investment Carried at Fair Value (Details) - Variable Interest Entities, Primary Beneficiary - Loans held for investment - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended |
|---|---|---|
Jun. 30, 2026 |
Dec. 31, 2025 |
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| SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] | ||
| Balance, beginning of period | $ 9,803,615 | $ 11,196,678 |
| Purchases | 474,786 | 49,411 |
| Principal paydowns | (580,881) | (1,470,571) |
| Sales and settlements | (1,668,877) | (211,216) |
| Net periodic accretion (amortization) | (1,492) | (8,204) |
| Realized gains (losses) on sales and settlements | (35,407) | (18,254) |
| Change in fair value | (100,954) | 265,771 |
| Balance, end of period | $ 7,890,790 | $ 9,803,615 |
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- Definition Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Realized Gain (Loss) on Sales and Settlements Included in Earnings No definition available.
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- Definition Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales and Settlements No definition available.
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- Definition Amount of decrease in investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, from collection of principal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of addition (reduction) to the amount at which an asset could be incurred (settled) in a current transaction between willing parties. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of decrease in investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, from amortization of premium. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, from new investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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