Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Interest income and interest expense
Interest income	$ 68,045	$ 82,184
Interest expense	(43,143)	(55,381)
Net interest income	24,902	26,803
Other revenue
Other income, net	1,851	4,902
Revenue from real estate owned operations	10,279	7,222
Total other revenue	12,130	12,124
Other expenses
Professional fees	788	975
General and administrative	1,101	986
Stock compensation expense	2,019	1,672
Servicing and asset management fees	422	471
Management fee	5,153	4,987
Expenses from real estate owned operations	10,350	8,346
Total other expenses	19,833	17,437
Credit loss expense, net	(3,424)	(4,356)
Income before income taxes	13,775	17,134
Income tax expense, net	(56)	(390)
Net income	13,719	16,744
Preferred stock dividends and participating securities' share in earnings	(3,759)	(3,689)
Net income attributable to common stockholders	$ 9,960	$ 13,055
Earnings per share
Earnings per common share, basic (in USD per share)	$ 0.12	$ 0.17
Earnings per common share, diluted (in USD per share)	$ 0.12	$ 0.17
Weighted average number of common shares outstanding
Basic (in shares)	80,975,625	77,868,735
Diluted (in shares)	81,768,745	77,868,735
Other comprehensive income
Net income	$ 13,719	$ 16,744
Comprehensive net income	$ 13,719	$ 16,744