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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 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sales and maturities [1]     $ 733,904 $ 288,242
Carrying value of RMBS sold     (743,192) (287,732)
Realized (losses) gains on mortgage-backed securities $ 0 $ 510 (9,288) 510
Gross gain on sales of RMBS     0 510
Gross loss on sales of RMBS     $ (9,288) $ 0
[1] During the nine months ended September 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.