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Note 2 - Mortgage-backed Securities, At Fair Value - Schedule of RMBS Portfolio (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Mortgage-backed securities, par value $ 5,487,831 $ 4,051,145
Mortgage-backed securities, cost [1] 5,632,872 4,220,088
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively) 5,442,804 3,894,012
Pass Through Certificate [Member]    
Mortgage-backed securities, par value 5,487,831 4,051,145
Mortgage-backed securities, cost [1] 5,613,352 4,198,424
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively) 5,427,069 3,877,082
Pass Through Certificate [Member] | Fixed Rate Mortgages [Member]    
Mortgage-backed securities, par value 5,487,831 4,051,145
Mortgage-backed securities, cost [1] 5,613,352 4,198,424
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively) 5,427,069 3,877,082
Structured Finance [Member]    
Mortgage-backed securities, par value
Mortgage-backed securities, cost [1] 19,520 21,664
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively) 15,735 16,930
Structured Finance [Member] | Interest Only Securities [Member]    
Mortgage-backed securities, cost [1],[2] 17,922 19,839
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively) [2] 15,382 16,572
Structured Finance [Member] | Inverse Interest Only Securities [Member]    
Mortgage-backed securities, cost [1],[3] 1,598 1,825
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively) [3] $ 353 $ 358
[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 notional balance for the interest-only securities portfolio was $88.8 million and $98.6 million as of September 30, 2024 and December 31, 2023, respectively.
[3] The notional balance for the inverse interest-only securities portfolio was $23.4 million and $26.8 million as of September 30, 2024 and December 31, 2023, respectively.