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

Derivative Instruments and Hedging Activities - Notional Amounts of Derivative Positions (Details)

v3.25.4
Derivative Instruments and Hedging Activities - Notional Amounts of Derivative Positions (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]      
Average notional amount $ (17,967,167) $ (13,025,485) $ (1,923,988)
Inverse interest-only securities      
Derivative [Line Items]      
Average notional amount (1,160,015) (149,602) (180,080)
Interest rate swap agreements      
Derivative [Line Items]      
Average notional amount (17,125,785) (14,147,884) (7,974,494)
Swaptions, net      
Derivative [Line Items]      
Average notional amount 0 (57,923) (161,644)
TBAs      
Derivative [Line Items]      
Average notional amount (3,606,103) (4,235,543) (3,016,532)
Futures, net      
Derivative [Line Items]      
Average notional amount (3,970,411) (5,501,400) (9,085,474)
Interest rate lock commitments      
Derivative [Line Items]      
Average notional amount (38,238) (25,879) 0
Forward mortgage loan sale commitments      
Derivative [Line Items]      
Average notional amount $ (7,437) $ (25,900) $ 0