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Consolidated Securitization Vehicles and Other Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Assets and Liabilities Related to the Consolidated VIEs The table below reflects the assets and liabilities recorded in the Consolidated Statements of Financial Condition related to the consolidated VIEs as of March 31, 2024 and December 31, 2023.
 March 31, 2024December 31, 2023
 (dollars in thousands)
Assets:  
Non-Agency RMBS, at fair value (1)
$244,486 $248,993 
Loans held for investment, at fair value9,987,872 10,184,538 
Accrued interest receivable50,568 52,712 
Other assets17,037 15,597 
Total Assets:$10,299,963 $10,501,840 
Liabilities:  
Securitized debt, collateralized by Non-Agency RMBS$73,162 $75,012 
Securitized debt at fair value, collateralized by Loans held for investment6,995,787 7,248,768 
Accrued interest payable22,529 23,310 
Other liabilities1,980 2,019 
Total Liabilities:$7,093,458 $7,349,109 
(1) March 31, 2024 and December 31, 2023 balances includes allowance for credit losses of $7 million and $6 million, respectively.
Schedule of Income, OTTI and Expense Amounts Related to Consolidated VIEs
Income and expense amounts related to consolidated VIEs recorded in the Consolidated Statements of Operations is presented in the tables below.
 For the Quarter Ended
 March 31, 2024March 31, 2023
 (dollars in thousands)
Interest income, Assets of consolidated VIEs$146,917 $139,902 
Interest expense, Non-recourse liabilities of VIEs73,123 60,152 
Net interest income$73,794 $79,750 
(Increase) decrease in provision for credit losses$(951)$(1,429)
Servicing fees$6,865 $7,126