Quarterly report [Sections 13 or 15(d)]

Variable Interest Entities (Details)

v3.25.3
Variable Interest Entities (Details)
$ in Thousands
Sep. 30, 2025
USD ($)
repurchaseFacility
Dec. 31, 2024
USD ($)
Variable Interest Entity [Line Items]    
Number of repurchase facilities | repurchaseFacility 3  
Total Assets [1] $ 10,866,407 $ 12,204,319
Revolving credit facilities 945,371 1,020,171
Accrued interest payable 45,226 85,994
Other liabilities 171,406 176,062
Total Liabilities [1] 9,094,690 10,081,810
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Restricted cash 41,506 44,631
Other assets 82,814 118,686
Total Assets 124,320 163,317
Revolving credit facilities 72,500 90,300
Accrued interest payable 457 560
Other liabilities 41,049 44,071
Total Liabilities $ 114,006 $ 134,931
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At September 30, 2025 and December 31, 2024, assets of the VIEs totaled $124,320 and $163,317, and liabilities of the VIEs totaled $114,006 and $134,931, respectively. See Note 4 - Variable Interest Entities for additional information.