Consolidated Statements of Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income | ||||||
| Interest income | $ 14,740 | $ 14,813 | $ 30,590 | $ 29,614 | ||
| Interest expense | 10,004 | 12,172 | 21,398 | 24,807 | ||
| Net interest income | 4,736 | 2,641 | 9,192 | 4,807 | ||
| Servicing fee income | 9,692 | 10,933 | 19,911 | 21,906 | ||
| Servicing costs | 2,319 | 1,952 | 4,608 | 4,497 | ||
| Net servicing income | 7,373 | 8,981 | 15,303 | 17,409 | ||
| Other income (loss) | ||||||
| Realized loss on RMBS, net | (1,047) | (2,053) | (1,047) | (6,045) | ||
| Realized gain on derivatives, net | 12,139 | 14,838 | 12,069 | 19,472 | ||
| Realized gain on acquired assets, net | 2 | 0 | 2 | 0 | ||
| Unrealized gain (loss) on RMBS, measured at fair value through earnings, net | (860) | 3,508 | (13,296) | 18,288 | ||
| Unrealized loss on derivatives, net | (9,299) | (19,147) | (3,178) | (41,888) | ||
| Unrealized loss on investments in Servicing Related Assets | (2,351) | (2,731) | (3,712) | (9,056) | ||
| Credit loss and impairment on other assets | (2,815) | 0 | (2,815) | 0 | ||
| Total other loss | (4,231) | (5,585) | (11,977) | (19,229) | ||
| Total Income | 7,878 | 6,037 | 12,518 | 2,987 | ||
| Expenses | ||||||
| General and administrative expense | 2,128 | 1,947 | 3,821 | 4,006 | ||
| Compensation and benefits | 1,889 | 1,408 | 3,468 | 3,118 | ||
| Total Expenses | 4,017 | 3,355 | 7,289 | 7,124 | ||
| Income (Loss) Before Income Taxes | 3,861 | 2,682 | 5,229 | (4,137) | ||
| Provision for corporate business taxes | [1] | 67 | 1,121 | 1,006 | 1,294 | |
| Net Income (Loss) | 3,794 | 1,561 | 4,223 | (5,431) | ||
| Net (income) loss allocated to noncontrolling interests in Operating Partnership | (55) | (34) | (61) | 99 | ||
| Dividends on preferred stock | (2,403) | (2,462) | (4,794) | (4,916) | ||
| Net Income (Loss) Applicable to Common Stockholders | $ 1,336 | $ (935) | $ (632) | $ (10,248) | ||
| Net Income (Loss) Per Share of Common Stock | ||||||
| Basic (in dollars per share) | $ 0.04 | $ (0.03) | $ (0.02) | $ (0.32) | ||
| Diluted (in dollars per share) | $ 0.04 | $ (0.03) | $ (0.02) | $ (0.32) | ||
| Weighted Average Number of Shares of Common Stock Outstanding | ||||||
| Basic (in shares) | 36,605,698 | 33,199,712 | 36,599,393 | 32,449,353 | ||
| Diluted (in shares) | 36,739,399 | 33,199,712 | 36,599,393 | 32,449,353 | ||
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| X | ||||||||||
- Definition Amount of expense related to credit loss and the charge against earnings resulting from the write down of other assets due to the difference between the carrying value and lower fair value. No definition available.
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. No definition available.
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- Definition Amount of realized gain (loss) on acquired assets. No definition available.
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- Definition Amount of fees from providing shareholder services, including, but not limited to, answering shareholder inquiries and providing shareholders with information about their investments. No definition available.
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- Definition Refers to the amount of unrealized gain (loss) on investments in servicing related assets. No definition available.
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| X | ||||||||||
- Definition The unrealized loss on RMBS, measured at fair value through earnings, net. No definition available.
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| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Net gain (loss) resulting from the sales of securitized, pay-through debt securities collateralized by real estate mortgage loans (mortgages). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of assets utilized in financial service operations. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. 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, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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