Quarterly report pursuant to Section 13 or 15(d)

Interest Income and Interest Expense (Details)

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Interest Income and Interest Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Interest income on mortgage loans $ 486,349 $ 439,881 $ 1,420,634 $ 1,160,836
Other interest income 3,551 4,118 11,336 8,788
Interest income 489,900 443,999 1,431,970 1,169,624
Interest expense:        
Interest expense on HMBS and nonrecourse obligations (406,473) (352,161) (1,173,713) (902,028)
Interest expense on other financing lines of credit (20,366) (20,298) (59,548) (68,400)
Interest expense (426,839) (372,459) (1,233,261) (970,428)
NET PORTFOLIO INTEREST INCOME 63,061 71,540 198,709 199,196
Non-portfolio interest income 789 325 1,448 946
Non-funding interest expense (10,008) (7,667) (28,087) (22,855)
Non-funding interest expense, net (9,219) (7,342) (26,639) (21,909)
Net interest income $ 53,842 $ 64,198 $ 172,070 $ 177,287