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Consolidated Securitization Vehicles and Other Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Assets and Liabilities Related to the Consolidated VIEs The table below reflects the assets and liabilities recorded in the Consolidated Statements of Financial Condition related to the consolidated VIEs as of March 31, 2025 and December 31, 2024.
 March 31, 2025December 31, 2024
 (dollars in thousands)
Assets:  
Non-Agency RMBS, at fair value (1)
$224,670 $229,343 
Loans held for investment, at fair value9,832,227 9,671,731 
Accrued interest receivable49,962 50,305 
Other assets23,435 18,715 
Total Assets:$10,130,294 $9,970,094 
Liabilities:  
Securitized debt, collateralized by Non-Agency RMBS$69,990 $71,247 
Securitized debt at fair value, collateralized by Loans held for investment6,895,501 6,671,471 
Accrued interest payable23,340 21,803 
Other liabilities1,541 1,984 
Total Liabilities:$6,990,372 $6,766,505 
(1) March 31, 2025 and December 31, 2024 balances includes allowance for credit losses of $11 million and $10 million, respectively.
Schedule of Income, OTTI and Expense Amounts Related to Consolidated VIEs
Income and expense amounts related to consolidated VIEs recorded in the Consolidated Statements of Operations is presented in the tables below.

 For the Quarters Ended
 March 31, 2025March 31, 2024December 31, 2024
 (dollars in thousands)
Interest income, Assets of consolidated VIEs$144,402 $146,917 $142,921 
Interest expense, Non-recourse liabilities of VIEs69,651 73,123 70,083 
Net interest income$74,751 $73,794 $72,837 
Increase (decrease) in provision for credit losses$1,147 $(951)$(1,904)
Servicing fees$6,170 $6,865 $26,964