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Fair Value - Unpaid Principal Balance of Financial Assets and Liabilities, Fair Value Option (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value Disclosures [Abstract]    
Loans held for investment, subject to HMBS related obligations, Fair Value $ 19,135,403 $ 18,669,962
Loans held for investment, subject to HMBS related obligations 17,983,144 17,652,495
Loans held for investment, subject to nonrecourse debt, at fair value 10,026,177 9,288,403
Total loans held for investment, subject to nonrecourse debt 9,567,732 9,218,697
Loans held for investment, at fair value 870,081 520,103
Loans held for investment, UBP 790,342 503,949
Loans held for sale, Fair Value 37,461 3,454
Loans held for sale, UBP 34,515 4,331
HMBS related obligations, Fair Value 18,912,226 18,444,370
HMBS related obligations, UBP 17,983,144 17,652,495
Nonrecourse debt, Fair Value 9,736,493 8,954,068
Nonrecourse debt, UPB 9,960,524 9,363,919
Convertible notes, Fair Value 53,800 0
Convertible notes, UPB $ 40,000 $ 0