Consolidated VIEs (Details) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Mar. 31, 2026 |
Dec. 31, 2025 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash and cash equivalents | $ 247,473 | [1] | $ 201,893 | [1] | $ 211,013 | [1] | $ 192,387 | ||||||
| Restricted cash | 42,373 | [1] | 136,297 | [1] | 19,617 | [1] | 16,561 | ||||||
| Securities, at fair value(1)(2) | [1],[2] | 1,230,743 | 1,034,882 | ||||||||||
| Loans, at fair value(1)(2) | [1],[2] | 17,874,430 | 16,640,647 | ||||||||||
| Forward MSR-related investments, at fair value(1) | 75,901 | [1] | $ 72,824 | 77,852 | [1] | 81,256 | $ 87,203 | 77,848 | |||||
| Investments in unconsolidated entities, at fair value(1) | [1] | 402,259 | 312,421 | ||||||||||
| Real estate owned(1)(2) | [1],[2] | 81,042 | 75,548 | ||||||||||
| Investment related receivables(1) | [1] | 190,166 | 177,208 | ||||||||||
| Other assets(1) | [1] | 32,953 | 26,446 | ||||||||||
| Total Assets | 21,029,547 | 19,352,910 | |||||||||||
| Liabilities | |||||||||||||
| Repurchase agreements(1) | [1] | 3,064,277 | 2,655,444 | ||||||||||
| Other secured borrowings(1) | [1] | 256,988 | 296,398 | ||||||||||
| Other secured borrowings, at fair value(1) | [1] | 3,451,333 | 2,945,578 | ||||||||||
| Interest payable(1) | [1] | 25,680 | 26,798 | ||||||||||
| Accrued expenses and other liabilities(1) | [1] | 57,930 | 55,105 | ||||||||||
| Liabilities | 19,030,111 | 17,481,755 | |||||||||||
| Equity, Attributable to Parent | 1,966,152 | 1,834,259 | |||||||||||
| Non-controlling interests(1) | [1] | 33,284 | 36,896 | ||||||||||
| Total Equity | 1,999,436 | $ 1,957,988 | 1,871,155 | $ 1,689,510 | $ 1,637,616 | $ 1,590,822 | |||||||
| Total Liabilities and Equity | 21,029,547 | 19,352,910 | |||||||||||
| Primary Beneficiary | |||||||||||||
| Assets | |||||||||||||
| Cash and cash equivalents | 1,060 | 603 | |||||||||||
| Restricted cash | 42,373 | 134,685 | |||||||||||
| Securities, at fair value(1)(2) | 53,159 | 53,087 | |||||||||||
| Loans, at fair value(1)(2) | 6,409,644 | 5,614,700 | |||||||||||
| Forward MSR-related investments, at fair value(1) | 29,060 | 30,691 | |||||||||||
| Investments in unconsolidated entities, at fair value(1) | 127,342 | 101,112 | |||||||||||
| Real estate owned(1)(2) | 61,965 | 54,571 | |||||||||||
| Investment related receivables(1) | 82,352 | 46,519 | |||||||||||
| Other assets(1) | 489 | 3,071 | |||||||||||
| Total Assets | 6,807,444 | 6,039,039 | |||||||||||
| Liabilities | |||||||||||||
| Repurchase agreements(1) | 1,747,168 | 1,819,906 | |||||||||||
| Other secured borrowings(1) | 158,736 | 29,220 | |||||||||||
| Other secured borrowings, at fair value(1) | 3,451,333 | 2,945,578 | |||||||||||
| Interest payable(1) | 7,647 | 6,386 | |||||||||||
| Accrued expenses and other liabilities(1) | 1,705 | 2,427 | |||||||||||
| Liabilities | 5,366,589 | 4,803,517 | |||||||||||
| Equity, Attributable to Parent | 1,429,877 | 1,214,765 | |||||||||||
| Non-controlling interests(1) | 10,978 | 20,757 | |||||||||||
| Total Equity | 1,440,855 | 1,235,522 | |||||||||||
| Total Liabilities and Equity | $ 6,807,444 | $ 6,039,039 | |||||||||||
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| X | ||||||||||
- Definition Forward MSR-Related Investments, at Fair Value No definition available.
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| X | ||||||||||
- Definition Fair value of loans which can include loans held-for-investment or held-for-sale. No definition available.
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- Definition Liabilities, at fair value, associated with consolidated securitization trusts. Shown net of notes held by the Company (eliminated in consolidation). No definition available.
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| X | ||||||||||
- Definition Receivables From Securities Sold, Financial Derivatives, Interest and Principal No definition available.
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| X | ||||||||||
- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. No definition available.
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| X | ||||||||||
- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount, including accrued interest, to be repaid to counterparty to repurchase agreement when carrying amount or market value if higher, of security or other asset sold under repurchase agreement exceeds 10 percent of total assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value portion of investments accounted under the equity method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Secured financing other than securities sold under agreements to repurchase and securities loaned. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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