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Note 2 - Mortgage-backed Securities and U.S. Treasury Securities, At Fair Value - Schedule of RMBS Portfolio (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Mortgage-backed securities, par value $ 4,051,145 $ 3,848,367
Mortgage-backed securities, cost 4,220,088 [1] 4,112,707 [2]
Mortgage-backed securities 3,894,012 3,540,002
Pass Through Certificate [Member]    
Mortgage-backed securities, par value 4,051,145 3,848,367
Mortgage-backed securities, cost 4,198,424 [1] 4,088,165 [2]
Mortgage-backed securities 3,877,082 3,519,906
Pass Through Certificate [Member] | Fixed Rate Mortgages [Member]    
Mortgage-backed securities, par value 4,051,145 3,848,367
Mortgage-backed securities, cost 4,198,424 [1] 4,088,165 [2]
Mortgage-backed securities 3,877,082 3,519,906
Structured Finance [Member]    
Mortgage-backed securities, par value 0 0
Mortgage-backed securities, cost 21,664 [1] 24,542 [2]
Mortgage-backed securities 16,930 20,096
Structured Finance [Member] | Interest Only Securities [Member]    
Mortgage-backed securities, cost [3] 19,839 [1] 22,395 [2]
Mortgage-backed securities [3] 16,572 19,669
Structured Finance [Member] | Inverse Interest Only Securities [Member]    
Mortgage-backed securities, cost [4] 1,825 [1] 2,147 [2]
Mortgage-backed securities [4] $ 358 $ 427
[1] The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio.
[2] The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio.
[3] The notional balance for the interest-only securities portfolio was $98.6 million and $111.5 million as of December 31, 2023 and 2022, respectively.
[4] The notional balance for the inverse interest-only securities portfolio was $26.8 million and $31.5 million as of December 31, 2023 and 2022, respectively.