XML 44 R33.htm IDEA: XBRL DOCUMENT v3.25.1
Securitized Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Maturities of Long-Term Debt
The following table presents the estimated principal repayment schedule of the securitized debt collateralized by Non-Agency RMBS at March 31, 2025 and December 31, 2024, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt. All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.
 March 31, 2025December 31, 2024
 (dollars in thousands)
Within One Year$— $— 
One to Three Years— 13 
Three to Five Years— — 
Greater Than Five Years13 13 
Total$13 $26 
The following table presents the estimated principal repayment schedule of the securitized debt collateralized by Loans held for investment at March 31, 2025 and December 31, 2024, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt. All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.

 March 31, 2025December 31, 2024
 (dollars in thousands)
Within One Year$1,276,348 $1,288,028 
One to Three Years2,127,097 2,091,147 
Three to Five Years1,991,391 1,937,868 
Greater Than Five Years2,371,815 2,253,020 
Total$7,766,651 $7,570,063 
Schedule of Callable Debt The following table presents the par value of the callable debt by year as of March 31, 2025, excluding any debt issued by the Company where the Company only has a clean-up call.
March 31, 2025
(dollars in thousands)
YearPrincipal
Currently callable$4,321,351 
2025319,820 
2026671,463 
20271,106,523 
2028821,445 
Total$7,240,601