v3.26.3
Net (Losses) Gains on Investments and Financings
9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Net (Losses) Gains on Investments and Financings

Note 20— Net (Losses) Gains on Investments and Financings

Net (losses) gains on investments and financings are summarized below:

 

 

Quarter ended September 30,

 

 

Nine months ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

(166,947

)

 

$

37,572

 

 

$

(199,928

)

 

$

116,991

 

Loans held for investment

 

 

(531,924

)

 

 

48,480

 

 

 

(626,215

)

 

 

90,820

 

CRT arrangements

 

 

10,002

 

 

 

13,742

 

 

 

33,624

 

 

 

32,192

 

Asset-backed financings

 

 

526,604

 

 

 

(35,707

)

 

 

629,492

 

 

 

(79,923

)

 

$

(162,265

)

 

$

64,087

 

 

$

(163,027

)

 

$

160,080