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Investments - Narrative (Details)
3 Months Ended
Jan. 01, 2023
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
loan
Dec. 31, 2023
USD ($)
Debt Securities, Available-for-sale [Line Items]        
Reclassification of available for sale debt securities to held to maturity $ 83,000,000      
Unrealized losses on debt securities available-for-sale transferred to held-to-maturity   $ (998,000)   $ (629,000)
Amortization of unrealized loss on debt securities available-for-sale transferred to held-to-maturity   795,000 $ 2,033,000  
Gross unrealized losses       (8,700,000)
Gross unrealized gains       600,000
Interest receivable on securities, on available for sale debt securities   80,000   87,000
Basis [1]   54,085,000   59,691,000
Securities past due   0   0
Beneficial interest, accretable yield   700,000 2,100,000  
Held-to-maturity securities, accretable yield   400,000 600,000  
Reclassification to non-credit discount from the allowance for changes in payment expectations   (900,000) $ 0  
Accumulated net investment gain (loss) attributable to parent        
Debt Securities, Available-for-sale [Line Items]        
Unrealized losses on debt securities available-for-sale transferred to held-to-maturity $ (10,900,000) (5,193,000)   (5,989,000)
Ajax Mortgage Loan Trust 2022-A        
Debt Securities, Available-for-sale [Line Items]        
Securities retained, percentage from trust (in percent)     8.60%  
Ajax Mortgage Loan Trust 2023-A        
Debt Securities, Available-for-sale [Line Items]        
Securities retained, value     $ 16,100,000  
Securities retained, re-performing loans and non-performing loans acquired, amount     $ 497,400,000  
Securities retained, weighted average coupon (in percent)     3.46%  
Securities retained, rated securities with unpaid principal balance percentage (in percent)     79.80%  
Securities retained, number of re-performing loans and non-performing loans acquired | loan     1,085  
Securities retained, re-performing loans and non-performing loans acquired, unpaid principal balance     $ 205,100,000  
Securities retained, redemption, transaction costs     1,000,000  
Investments in securities        
Debt Securities, Available-for-sale [Line Items]        
Fair value   125,100,000   131,600,000
Investment in beneficial interests        
Debt Securities, Available-for-sale [Line Items]        
Gross unrealized losses   (26,286,000)   (26,477,000)
Gross unrealized gains   5,148,000   3,631,000
Fair value   67,439,000   81,316,000
Reclassification to non-credit discount from the allowance for changes in payment expectations   (916,000) 0  
Reversal of provision for credit losses   (3,100,000)    
Senior notes        
Debt Securities, Available-for-sale [Line Items]        
Debt securities, realized loss   0 $ (3,000,000)  
Debt securities available-for-sale, at fair value        
Debt Securities, Available-for-sale [Line Items]        
Gross unrealized losses   (8,809,000)   (8,675,000)
Gross unrealized gains   1,144,000   637,000
Fair value   $ 125,126,000   $ 131,558,000
[1] On January 1, 2023, the Company transferred certain of its investments in securities to held-to-maturity ("HTM") due to European risk retention regulations. As of March 31, 2024, Investments in securities HTM includes an allowance for expected credit losses of zero and remaining discount of $5.2 million related to the unamortized unrealized loss in Accumulated other comprehensive income ("AOCI"). As of December 31, 2023, Investments in securities HTM includes an allowance for expected credit losses of zero and remaining discount of $6.0 million related to the unamortized unrealized loss in AOCI.