v3.26.3
Other Assets - Impact of Derivative Instruments on Earnings (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]        
Income on Swaps variable receive leg $ 54,509 $ 39,383 $ 146,695 $ 110,311
Expense on Swaps fixed pay leg (42,937) (23,383) (113,248) (63,574)
Unrealized mark-to-market gain/(loss) 172,320 (5,981) 232,241 (66,214)
Net price alignment expense on margin collateral received (1,527) (974) (2,567) (3,609)
Realized gain/(loss) on terminated Swaps 0 (8,845) (6,223) (26,020)
Net gain/(loss) on TBA long positions (25,542) 0 (24,374) 0
TBA dollar roll income 2,022 0 3,008 0
Total Net gain/(loss) on derivatives $ 158,845 $ 200 $ 235,532 $ (49,106)