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Net Interest Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest income $ 189,871 $ 156,426
Interest expense:    
Interest expense 208,082 165,769
Net interest expense (18,211) (9,343)
Nonrelated Party    
Interest income:    
Cash and short-term investments 10,007 14,582
Principal-only stripped mortgage-backed securities 11,595 270
Loans held for sale 87,394 65,421
Placement fees relating to custodial funds 79,795 76,133
Other 1,080 20
Interest expense:    
Assets sold under agreements to repurchase 94,229 70,435
Mortgage loan participation purchase and sale agreements 3,804 4,077
Notes payable secured by mortgage servicing assets 36,578 44,006
Unsecured senior notes 60,137 38,832
Interest shortfall on repayments of mortgage loans serviced for Agency securitizations 9,774 6,121
Interest on mortgage loan impound deposits 2,581 1,987
Other 979 311
Interest expense 208,082 165,769
Loan Repo Facility    
Interest expense:    
Assets sold under agreements to repurchase $ 94,229 $ 70,435