Loans Held for Investment at Fair Value (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loans At Fair Value [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Distribution of Company's Loans Held for Investment at Fair Value | Following is a summary of the distribution of the Company’s loans held for investment at fair value:
(1)
As discussed in Note 6 ‒ Variable Interest Entities ‒ Subordinate and Senior Non-Agency Mortgage-Backed Securities, the Company holds a portion of the beneficial interests in the VIEs. At September 30, 2026 and December 31, 2025, $1.2 billion and $648.2 million, respectively, of such retained interests were pledged to secure Assets sold under agreements to repurchase. |
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