v3.26.1
Securitized Debt - Narrative (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
securitization
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]          
Gains (losses) on extinguishment of debt $ (2,748) $ 0 $ (41,605) $ 2,122  
Variable Interest Entities, Primary Beneficiary          
Debt Instrument [Line Items]          
Number of securitizations redeemed | securitization     8    
Loans retained in loans held for investment     $ 287,000    
Variable Interest Entities, Primary Beneficiary | Reperforming Loans          
Debt Instrument [Line Items]          
Collateral amount 1,500,000   1,500,000    
Loans sold     1,200,000    
Variable Interest Entities, Primary Beneficiary | Non-Agency RMBS | Securitized Loans          
Debt Instrument [Line Items]          
Principal balance $ 110,000   $ 110,000   $ 110,000
Weighted average cost of financing (as a percent) 6.70%   6.70%   6.70%
Variable Interest Entities, Primary Beneficiary | Securitized debt | Securitized Loans          
Debt Instrument [Line Items]          
Principal balance $ 5,800,000   $ 5,800,000   $ 7,100,000
Weighted average cost of financing (as a percent) 3.60%   3.60%   3.70%
Acquired securitized debt collateral outstanding principal balance $ 140,000 314,000 $ 1,000,000 314,000  
Repurchase of non retained secured debt 143,000 $ 312,000 1,000,000 $ 312,000  
Gains (losses) on extinguishment of debt $ (3,000)   $ (39,000)