Forward MSR-Related Investments (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

MSR Financing Receivables

The following table presents activity related to Company’s investments in Forward MSR-related investments for the three- and six-month periods ended June 30, 2025 and 2024.

	Three-Month Period Ended				Six-Month Period Ended
(In thousands)	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Forward MSR-related investments, at fair value, beginning balance	$	87,203	$	160,009	$	77,848	$	163,336
Distributions	(6,122)		(6,954)		(14,163)		(15,491)
Accretion of interest income	2,927		3,646		5,581		7,243
Change in unrealized gain (loss)	(2,752)		1,330		11,990		2,943
Forward MSR-related investments, at fair value, ending balance	$	81,256	$	158,031	$	81,256	$	158,031