Annual report [Section 13 and 15(d), not S-K Item 405]

Variable Interest Entities (Details)

v3.25.4
Variable Interest Entities (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
repurchaseFacility
Dec. 31, 2024
USD ($)
Variable Interest Entity [Line Items]    
Number of repurchase facilities | repurchaseFacility 3  
Total Assets [1] $ 10,859,217 $ 12,204,319
Revolving credit facilities 919,371 1,020,171
Accrued interest payable 81,914 85,994
Other liabilities 163,194 176,062
Total Liabilities [1] 9,071,290 10,081,810
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Restricted cash 55,674 44,631
Other assets 100,133 118,686
Total Assets 155,807 163,317
Revolving credit facilities 71,500 90,300
Accrued interest payable 419 560
Other liabilities 55,255 44,071
Total Liabilities $ 127,174 $ 134,931
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). At December 31, 2025 and December 31, 2024, assets of the VIEs totaled $155,807 and $163,317, and liabilities of the VIEs totaled $127,174 and $134,931, respectively. See Note 4 - Variable Interest Entities for additional information.