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Net (Losses) Gains on Investments and Financings
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Net (Losses) Gains on Investments and Financings

Note 20— Net (Losses) Gains on Investments and Financings

Net (losses) gains on investments and financings are summarized below:

 

 

Quarter ended June 30,

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Mortgage-backed securities

 

$

(34,925

)

 

$

(61,621

)

 

$

(73,123

)

 

$

16,597

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

Held in VIEs

 

 

(2,739

)

 

 

(18,253

)

 

 

(3,979

)

 

 

(7,236

)

Distressed

 

 

(3

)

 

 

(877

)

 

 

(41

)

 

 

(426

)

CRT arrangements

 

 

16,629

 

 

 

60,458

 

 

 

68,284

 

 

 

106,736

 

Asset-backed financings

 

 

1,295

 

 

 

17,794

 

 

 

8,771

 

 

 

7,634

 

Hedging derivatives

 

 

—

 

 

 

—

 

 

 

20,098

 

 

 

—

 

 

$

(19,743

)

 

$

(2,499

)

 

$

20,010

 

 

$

123,305