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Borrowings (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements [Table Text Block]
The following table details the Company's outstanding borrowings under repurchase agreements for Agency RMBS, credit assets (which can include non-Agency RMBS, CMBS, CLOs, consumer loans, corporate debt, residential mortgage loans, and commercial mortgage loans and REO), reverse mortgage loans, and U.S. Treasury securities by remaining maturity as of March 31, 2024 and December 31, 2023:
March 31, 2024December 31, 2023
Weighted AverageWeighted Average
Remaining MaturityOutstanding
Borrowings		Interest RateRemaining Days to MaturityOutstanding
Borrowings		Interest RateRemaining Days to Maturity
Agency RMBS:(In thousands)(In thousands)
30 Days or Less$497,820 5.46 %10$1,076,710 5.55 %17
31-60 Days1,240 6.08 %3915,786 5.81 %49
61-90 Days116,567 5.49 %75914 6.16 %72
151-180 Days1,656 6.12 %1591,931 6.23 %159
Total Agency RMBS617,283 5.47 %231,095,341 5.55 %18
Credit Assets:
30 Days or Less26,065 6.80 %11124,617 6.80 %22
31-60 Days108,544 6.75 %44136,434 7.03 %41
61-90 Days104,095 6.76 %7382,992 6.85 %74
91-120 Days330,090 7.57 %110290,215 7.36 %116
121-150 Days23,442 7.00 %134— — %— 
151-180 Days6,295 6.74 %1595,980 6.68 %161
181-364 Days938,848 7.52 %189867,983 7.61 %268
> 364 Days37,459 8.58 %42258,631 8.61 %513
Total Credit Assets1,574,838 7.43 %1571,566,852 7.44 %199
Reverse Mortgage Loans:
121-150 Days66,982 8.85 %128— — %— 
181-364 Days31,412 8.36 %188150,228 7.97 %282
Total Reverse Mortgage Loans98,394 8.70 %148150,228 7.97 %282
U.S. Treasury Securities:
30 Days or Less227,232 5.50 %1155,016 5.51 %2
Total U.S. Treasury Securities227,232 5.50 %1155,016 5.51 %2
Total$2,517,747 6.82 %109$2,967,437 6.67 %126
Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity The following table provides details by counterparty for such counterparties for which the amounts at risk relating to our repurchase agreements was greater than 10% of total equity as of March 31, 2024 and December 31, 2023.
March 31, 2024:
CounterpartyAmount at RiskWeighted Average Remaining Days to MaturityPercentage
of Equity
(In thousands)
Nomura Holdings Inc.$260,829 16416.8 %
December 31, 2023:
CounterpartyAmount at RiskWeighted Average Remaining Days to MaturityPercentage
of Equity
(In thousands)
Nomura Holdings Inc.$216,886 24614.2 %
Schedule of Line of Credit Facilities The following table provides details for each of the warehouse lines of credit.
March 31, 2024December 31, 2023
MaturityOutstanding BorrowingsFair Value of Underlying CollateralEffective Interest RateOutstanding BorrowingsFair Value of Underlying CollateralEffective Interest Rate
(In thousands)(In thousands)
Facility AMay 2024$52,407 $61,670 8.77 %$83,393 $99,340 8.95 %
Facility BApril 202456,180 60,820 7.97 %76,717 88,251 8.21 %
$108,587 $122,490 8.36 %$160,110 $187,591 8.60 %
Schedule of Maturities of Long-term Debt [Table Text Block]
Schedule of Principal Repayments
The following table details the Company's principal repayment schedule, over the next 5 years, for outstanding borrowings as of March 31, 2024:
Year
Repurchase Agreements(1)
Other
Secured Borrowings(2)
HMBS-related Obligations(3)
Unsecured Borrowings(1)
Total
(In thousands)
Next Twelve Months$2,480,288 $377,346 $1,231,518 $34,931 $4,124,083 
Year 237,459 255,077 949,487 — 1,242,023 
Year 3— 232,158 910,446 37,750 1,180,354 
Year 4— 184,251 838,304 210,000 1,232,555 
Year 5— 150,451 851,779 — 1,002,230 
Total$2,517,747 $1,199,283 $4,781,534 $282,681 $8,781,245 
(1)Reflects the Company's contractual principal repayment dates.
(2)Includes $896.6 million and $121.8 million of expected principal repayments related to the Company's consolidated non-QM and reverse mortgage loan securitizations, respectively, which are projected based upon the underlying assets' expected repayments and may be prior to the stated contractual maturities.
(3)Represents expected principal repayments projected based upon the expected repayments of the underlying HECM loans, which may be prior to the stated contractual maturities of the related HMBS.