v3.26.1
Segment Reporting (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Segment
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Segment Reporting [Abstract]          
Number of reportable segments | Segment     2    
Segment Reporting Profit (Loss) and Other Information [Abstract]          
Interest income $ 14,740 $ 14,813 $ 30,590 $ 29,614  
Interest expense 10,004 12,172 21,398 24,807  
Net interest income (expense) 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 (expense) [1] (4,231) (5,585) (11,977) (19,229)  
Other operating expenses [2] (4,017) (3,355) (7,289) (7,124)  
Provision for corporate business taxes [3] (67) (1,121) (1,006) (1,294)  
Net other comprehensive income (loss) 502 320 (1,940) 7,170  
Comprehensive income 4,296 1,881 2,283 1,739  
Investments 1,290,907   1,290,907   $ 1,428,682
Other assets 106,637   106,637   111,874
Total Assets 1,397,544   1,397,544   1,540,556
Debt 1,149,386   1,149,386   1,282,391
Other liabilities 19,234   19,234   19,633
Total Liabilities 1,168,620   1,168,620   1,302,024
Net Assets 228,924   228,924   238,532
Servicing Related Assets [Member] | Operating Segments [Member]          
Segment Reporting Profit (Loss) and Other Information [Abstract]          
Interest income 53 26 105 26  
Interest expense 252 322 849 1,086  
Net interest income (expense) (199) (296) (744) (1,060)  
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 (expense) [1] (5,542) (2,902) (7,199) (8,720)  
Other operating expenses [2] (1,074) (923) (1,908) (1,757)  
Provision for corporate business taxes (67) (1,121) (1,006) (1,294)  
Net other comprehensive income (loss) 0 0 0 0  
Comprehensive income 491 3,739 4,446 4,578  
Investments 211,105   211,105   214,831
Other assets 21,075   21,075   28,904
Total Assets 232,180   232,180   243,735
Debt 140,648   140,648   145,191
Other liabilities 1,507   1,507   2,575
Total Liabilities 142,155   142,155   147,766
Net Assets 90,025   90,025   95,969
RMBS [Member] | Operating Segments [Member]          
Segment Reporting Profit (Loss) and Other Information [Abstract]          
Interest income 14,687 14,787 30,485 29,588  
Interest expense 9,752 11,850 20,549 23,721  
Net interest income (expense) 4,935 2,937 9,936 5,867  
Servicing fee income 0 0 0 0  
Servicing costs 0 0 0 0  
Net servicing income 0 0 0 0  
Other income (expense) [1] 1,311 (2,683) (4,778) (10,509)  
Other operating expenses [2] (720) (644) (1,417) (1,431)  
Provision for corporate business taxes 0 0 0 0  
Net other comprehensive income (loss) 502 320 (1,940) 7,170  
Comprehensive income 6,028 (70) 1,801 1,097  
Investments 1,079,802   1,079,802   1,213,851
Other assets 33,131   33,131   27,293
Total Assets 1,112,933   1,112,933   1,241,144
Debt 1,008,738   1,008,738   1,137,200
Other liabilities 10,150   10,150   9,504
Total Liabilities 1,018,888   1,018,888   1,146,704
Net Assets 94,045   94,045   94,440
All Other [Member]          
Segment Reporting Profit (Loss) and Other Information [Abstract]          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
Net interest income (expense) 0 0 0 0  
Servicing fee income 0 0 0 0  
Servicing costs 0 0 0 0  
Net servicing income 0 0 0 0  
Other income (expense) [1] 0 0 0 0  
Other operating expenses [2] (2,223) (1,788) (3,964) (3,936)  
Provision for corporate business taxes 0 0 0 0  
Net other comprehensive income (loss) 0 0 0 0  
Comprehensive income (2,223) $ (1,788) (3,964) $ (3,936)  
Investments 0   0   0
Other assets 52,431   52,431   55,677
Total Assets 52,431   52,431   55,677
Debt 0   0   0
Other liabilities 7,577   7,577   7,554
Total Liabilities 7,577   7,577   7,554
Net Assets $ 44,854   $ 44,854   $ 48,123
[1] Included in other income (expense) are realized and unrealized gains (losses) on Servicing Related Assets, RMBS and derivatives and credit loss and impairment on other asset.
[2] Included in other operating expenses are general and administrative expenses and compensation and benefits.
[3] The provision for income taxes is recorded at the TRS level.