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

REVERSE MORTGAGE LOANS HELD FOR INVESTMENT AND HMBS-RELATED BORROWINGS - Schedule of Loans Held For Investment (Details)

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REVERSE MORTGAGE LOANS HELD FOR INVESTMENT AND HMBS-RELATED BORROWINGS - Schedule of Loans Held For Investment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Reverse Mortgage Loans Held for Investment    
Balance — beginning of year $ 315,912 $ 0
Originations and purchases 143,490 109,589
Acquisition of loans held for investment, net   189,770
Repayments (principal payments received) (41,417) (5,089)
Change in fair value recognized in earnings 33,719 21,642
Loans Receivable, Fair Value Disclosure 451,704 315,912
HMBS-Related Borrowings    
Balance — beginning of year (302,183) 0
Securitization of HECM loans and tails accounted for as a financing (including realized fair value changes) (142,917) (106,691)
Acquisition of loans held for investment, net   (187,221)
Repayments (principal payments received) 41,797 5,138
Change in fair value recognized in earnings (22,676) (13,409)
Balance — end of year (425,979) (302,183)
Reverse Mortgage Loans Held for Investment    
Securitized loans (pledged to HMBS-related borrowings) 433,613 307,998
Unsecuritized loans and tail advances 18,091 7,914
Total 451,704 315,912
HMBS-Related Borrowings    
Securitized loans (pledged to HMBS-related borrowings) (425,979) (302,183)
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value $ 425,979 $ 302,183