Annual report [Section 13 and 15(d), not S-K Item 405]

Interest Income and Interest Expense (Details)

v3.25.0.1
Interest Income and Interest Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest income:    
Interest income on mortgage loans $ 1,890,700 $ 1,617,954
Other interest income 14,514 10,923
Interest income 1,905,214 1,628,877
Interest expense:    
Interest expense on HMBS and nonrecourse obligations (1,559,341) (1,273,159)
Interest expense on other financing lines of credit (77,945) (87,839)
Interest expense (1,637,286) (1,360,998)
NET PORTFOLIO INTEREST INCOME 267,928 267,879
Non-portfolio interest income 1,913 1,270
Non-funding interest expense (Note 17 - Notes Payable, Net) (41,411) (30,889)
Non-funding interest expense, net (39,498) (29,619)
Net interest income $ 228,430 $ 238,260