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Mortgage-Backed Securities - Components of Carrying Value of MBS and GSE CRT Portfolio (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]            
Principal/notional balance $ 6,536,025   $ 5,864,813      
Unamortized premium 17,355   5,061      
Unamortized discount (845,063)   (931,456)      
Allowance for Credit Losses (542) $ 622 (320) $ (212) $ 169 $ 0
Gross unrealized gains 170,389   111,422      
Gross unrealized losses (4,468)   (4,214)      
Total Fair Value 5,873,696   5,045,306      
MBS            
Debt Securities, Available-for-sale [Line Items]            
Principal/notional balance 5,750,928   5,025,062      
Unamortized premium 17,355   5,061      
Unamortized discount (131,667)   (169,342)      
Allowance for Credit Losses (542)   (320)      
Gross unrealized gains 163,888   107,899      
Gross unrealized losses (1,835)   (393)      
Total Fair Value 5,798,127   4,967,967      
Interest-Only Securities            
Debt Securities, Available-for-sale [Line Items]            
Principal/notional balance 785,097   839,751      
Unamortized premium 0   0      
Unamortized discount (713,396)   (762,114)      
Allowance for Credit Losses 0   0      
Gross unrealized gains 6,501   3,523      
Gross unrealized losses (2,633)   (3,821)      
Total Fair Value $ 75,569   $ 77,339