v3.26.1
Fair value measurements - Schedule of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Securitized Debt        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ (6,749,708) $ (5,836,691) $ (7,177,923) $ (5,491,967)
Purchases 0 0 0 0
Capital distributions 0   0  
Issuances of Securitized Debt   (314,660)   (723,330)
Proceeds from sales or settlements 0 0 0 0
Principal repayments 388,941 212,374 752,082 383,149
Principal funding 0 0 0 0
Included in net income:        
Other 0 0 0 0
Ending Balance (6,355,237) (5,937,637) (6,355,237) (5,937,637)
Securitized Debt | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Securitized Debt | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (2,910) (6,650) (6,032) (13,457)
Securitized Debt | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Securitized Debt | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 8,440 7,990 76,636 (92,032)
Other Liabilities        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance   0   (336)
Purchases   0   0
Issuances of Securitized Debt   0   0
Proceeds from sales or settlements   0   298
Principal repayments   0   0
Principal funding   0   0
Included in net income:        
Other   0   0
Ending Balance   (51)   (51)
Other Liabilities | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0   0
Other Liabilities | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0   0
Other Liabilities | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0   (298)
Other Liabilities | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   (51)   285
Level 3 | Securitized Debt | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0   0  
Level 3 | Securitized Debt | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (2,910) (6,650) (6,032) (13,457)
Level 3 | Securitized Debt | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   7,990   (92,032)
Level 3 | Securitized Debt | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 8,440 0 76,636 0
Level 3 | Other Liabilities | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0   0
Level 3 | Other Liabilities | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   (51)   (51)
Level 3 | Other Liabilities | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0   0
Residential Mortgage Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 7,766,335 6,809,796 8,198,215 6,416,066
Purchases 70,009 444,852 156,746 939,621
Capital distributions 0   0  
Issuances of Securitized Debt   0   0
Proceeds from sales or settlements (26,331) (37,333) (75,706) (57,761)
Principal repayments (417,214) (234,788) (804,038) (422,385)
Principal funding 5,505 4,572 9,568 6,953
Included in net income:        
Other (3,433) (2,199) (7,777) (6,261)
Ending Balance 7,380,650 6,974,999 7,380,650 6,974,999
Residential Mortgage Loans | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Residential Mortgage Loans | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (2,216) 2,214 (4,612) 4,105
Residential Mortgage Loans | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (1,458) (655) (1,518) (1,722)
Residential Mortgage Loans | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (10,547) (11,460) (90,228) 96,383
Residential Mortgage Loans | Level 3 | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0   0  
Residential Mortgage Loans | Level 3 | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (2,252) 2,219 (4,541) 4,064
Residential Mortgage Loans | Level 3 | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   (11,437)   95,526
Residential Mortgage Loans | Level 3 | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (11,945) 0 (91,977) 0
Legacy WMC Commercial Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 51,504 65,504 55,376 67,005
Purchases 0 0 0 0
Capital distributions 0   0  
Issuances of Securitized Debt   0   0
Proceeds from sales or settlements 0 0 0 0
Principal repayments (1,343) 0 (1,343) 0
Principal funding 0 0 0 0
Included in net income:        
Other 0 0 0 0
Ending Balance 49,254 64,883 49,254 64,883
Legacy WMC Commercial Loans | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Legacy WMC Commercial Loans | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (2,526) 63 (2,919) 333
Legacy WMC Commercial Loans | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Legacy WMC Commercial Loans | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 1,619 (684) (1,860) (2,455)
Legacy WMC Commercial Loans | Level 3 | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0   0  
Legacy WMC Commercial Loans | Level 3 | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (2,526) 63 (2,919) 333
Legacy WMC Commercial Loans | Level 3 | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   (684)   (2,455)
Legacy WMC Commercial Loans | Level 3 | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 1,619 0 (1,860) 0
Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 211,564 141,118 191,546 115,533
Purchases 37,737 0 66,388 25,963
Capital distributions 0   0  
Issuances of Securitized Debt   0   0
Proceeds from sales or settlements 0 0 0 0
Principal repayments (7,464) (2,608) (13,369) (3,702)
Principal funding 0 0 0 0
Included in net income:        
Other 0 0 0 0
Ending Balance 241,893 137,945 241,893 137,945
Non-Agency RMBS | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Non-Agency RMBS | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (1,134) (826) (1,913) (1,518)
Non-Agency RMBS | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
Non-Agency RMBS | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 1,190 261 (759) 1,669
Non-Agency RMBS | Level 3 | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0   0  
Non-Agency RMBS | Level 3 | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held (1,134) (826) (1,913) (1,518)
Non-Agency RMBS | Level 3 | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   261   1,669
Non-Agency RMBS | Level 3 | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 1,190 0 (759) 0
Other Assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance   0 0 204
Purchases   0 0 0
Capital distributions     0  
Issuances of Securitized Debt   0   0
Proceeds from sales or settlements   0 (2) (258)
Principal repayments   0 0 0
Principal funding   0 0 0
Included in net income:        
Other   0 0 0
Ending Balance 0 511 0 511
Other Assets | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0 0 0
Other Assets | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0 0 0
Other Assets | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0 2 258
Other Assets | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   511 0 307
Other Assets | Level 3 | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held     0  
Other Assets | Level 3 | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0 0 0
Other Assets | Level 3 | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   511   511
Other Assets | Level 3 | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0 0 0
AG Arc        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 52,334 32,242 50,016 30,778
Purchases 0 0 0 0
Capital distributions (6,614)   (6,614)  
Issuances of Securitized Debt   0   0
Proceeds from sales or settlements 0 0 0 0
Principal repayments 0 0 0 0
Principal funding 0 0 0 0
Included in net income:        
Other 0 0 0 0
Ending Balance 46,435 32,205 46,435 32,205
AG Arc | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 715 (37) 3,033 1,427
AG Arc | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
AG Arc | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
AG Arc | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
AG Arc | Level 3 | Income Statement Location [Axis]: us-gaap:IncomeLossFromEquityMethodInvestments        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 715   3,033  
AG Arc | Level 3 | Income Statement Location [Axis]: us-gaap:InterestIncomeExpenseNet        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held 0 0 0 0
AG Arc | Level 3 | Income Statement Location [Axis]: mitt:InvestmentAndDerivativeRealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held   0   0
AG Arc | Level 3 | Income Statement Location [Axis]: mitt:InvestmentUnrealizedGainLossFVO        
Included in net income:        
Change in unrealized appreciation/(depreciation) for level 3 assets/liabilities still held $ 0 $ (37) $ 0 $ 1,427