Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities (Details)

v3.25.0.1
Variable Interest Entities (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
repurchaseFacility
Dec. 31, 2023
USD ($)
Variable Interest Entity [Line Items]    
Number of repurchase facilities | repurchaseFacility 3  
Total Assets [1] $ 12,204,319 $ 13,138,800
Term notes payable 0 295,271
Revolving credit facilities 1,020,171 1,329,171
Accrued interest payable 85,994 141,773
Other liabilities 176,062 225,434
Total Liabilities [1] 10,081,810 10,935,410
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Note receivable 0 399,317
Restricted cash 44,631 45,642
Accrued interest receivable 0 551
Other assets 118,686 79,749
Total Assets 163,317 525,259
Term notes payable 0 399,317
Revolving credit facilities 90,300 34,300
Accrued interest payable 560 816
Other liabilities 44,071 45,377
Total Liabilities $ 134,931 $ 479,810
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At December 31, 2024 and December 31, 2023, assets of the VIEs totaled $163,317 and $525,259, and liabilities of the VIEs totaled $134,931 and $479,810, respectively. See Note 4 - Variable Interest Entities for additional information.