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Cash, Cash Equivalents and Restricted Cash (Tables)
 12 Months Ended
Dec. 31, 2023
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Schedule of Restricted Cash and Cash Equivalents
The following table presents the Company’s restricted cash balances as of December 31, 2023 and December 31, 2022:
(in thousands)December 31,
2023		December 31,
2022
Restricted cash balances held by trading counterparties:
For securities trading activity$450 $2,202 
For derivatives trading activity1,669 79,220 
For servicing activities50,345 36,690 
As restricted collateral for borrowings
12,575 324,854 
Total restricted cash balances held by trading counterparties65,039 442,966 
Restricted cash balance pursuant to letter of credit on office lease62 60 
Total$65,101 $443,026 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Company’s consolidated balance sheets as of December 31, 2023 and December 31, 2022 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands)December 31,
2023		December 31,
2022
Cash and cash equivalents$729,732 $683,479 
Restricted cash65,101 443,026 
Total cash, cash equivalents and restricted cash$794,833 $1,126,505