Interest Income and Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Interest income:
Interest income on mortgage loans	$ 1,902,352	$ 1,890,700
Other interest income	17,618	14,514
Interest income	1,919,970	1,905,214
Interest expense:
Interest expense on HMBS and nonrecourse obligations	(1,575,252)	(1,559,341)
Interest expense on other financing lines of credit	(83,958)	(77,945)
Total portfolio interest expense	(1,659,210)	(1,637,286)
NET PORTFOLIO INTEREST INCOME	260,760	267,928
Non-portfolio interest income	439	1,913
Interest expense on notes payable (Note 13 - Notes Payable)	(57,555)	(41,411)
Other non-funding interest expense	(446)	0
Gain on the exchange of our senior notes (Note 13 - Notes Payable)	0	56,193
Non-funding interest income (expense), net	(57,562)	16,695
Net interest income	$ 203,198	$ 284,623