v3.26.1
Mortgage-Backed Securities - Schedule of Gain (Loss) on Investments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]        
Gross realized gains on sale of MBS $ 0 $ 4,247 $ 676 $ 5,170
Gross realized losses on sale of MBS 0 (2,420) (233) (8,809)
Net unrealized gains (losses) on MBS accounted for under the fair value option (21,226) (7,095) (76,609) 80,529
Total gain (loss) on investments, net $ (21,226) $ (5,268) $ (76,166) $ 76,890