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Note 2 - Mortgage-backed Securities and U.S. Treasury Securities, at Fair Value - Gain (Loss) on Investments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sales and maturities [1]     $ 733,904 $ 221,733
Carrying value of RMBS sold     (743,192) (221,733)
Realized losses on mortgage-backed securities $ (7,990) $ 0 (9,288) 0
Gross gain on sales of RMBS     0 0
Gross loss on sales of RMBS     $ (9,288) $ 0
[1] During the six months ended June 30, 2024, the Company resecuritized RMBS with a fair value of $221.7 million by transferring the RMBS into a larger RMBS that is backed by the transferred RMBS. The Company retained the entire larger RMBS. No gain or loss was recorded on this resecuritization.