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RESIDENTIAL MORTGAGE LOANS - Schedule of Net Interest Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans HFI, at fair value $ 7,579 $ 9,214 $ 15,436 $ 18,723
Total interest income 54,502 52,843 99,236 101,142
Interest expense:        
Loans HFI, at fair value 4,032 4,849 8,256 9,519
Total interest expense 57,367 48,618 99,545 96,911
Net interest income (2,865) 4,225 (309) 4,231
Loans HFS, at lower of cost or fair value        
Interest income:        
Loans HFS 1,279 1,884 2,140 3,388
Interest expense:        
Loans HFS 1,007 982 1,723 1,889
Loans HFS, at fair value        
Interest income:        
Loans HFS 45,644 41,745 81,660 79,031
Interest expense:        
Loans HFS $ 52,328 $ 42,787 $ 89,566 $ 85,503