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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2019
Investments, All Other Investments [Abstract] |
Schedule of Characteristics of Financial Instruments | The following table presents characteristics for certain of the Company’s financial instruments at December 31, 2019 and 2018.
Financial Instruments (1)
Balance Sheet Line Item | Type / Form | Measurement Basis | December 31, 2019 |  | December 31, 2018
| Assets | (dollars in thousands) |  |  |
Securities | Agency mortgage-backed securities (2) | Fair value, with unrealized gains (losses) through other comprehensive income | $ | 112,124,958 |  |  | $ | 89,840,322 |
Securities | Agency mortgage-backed securities (3) | Fair value, with unrealized gains (losses) through earnings | 768,409 |  |  | 912,673 |
Securities | Credit risk transfer securities | Fair value, with unrealized gains (losses) through earnings | 531,322 |  |  | 552,097 |
Securities | Non-agency mortgage-backed securities | Fair value, with unrealized gains (losses) through earnings | 1,135,868 |  |  | 1,161,938 |
Securities | Commercial real estate debt investments - CMBS | Fair value, with unrealized gains (losses) through other comprehensive income | 64,655 |  |  | 138,242 |
Securities | Commercial real estate debt investments - CMBS (4) | Fair value, with unrealized gains (losses) through earnings | 208,368 |  |  | 18,516 |
Total securities |  |  | 114,833,580 |  |  | 92,623,788 |
Loans, net | Residential mortgage loans | Fair value, with unrealized gains (losses) through earnings | 1,647,787 |  |  | 1,359,806 |
Loans, net | Commercial real estate debt and preferred equity, held for investment | Amortized cost | 669,713 |  |  | 1,296,803 |
Loans, net | Commercial loans held for sale, net | Lower of amortized cost or fair value | — |  |  | 42,184 |
Loans, net | Corporate debt held for investment, net | Amortized cost | 2,144,850 |  |  | 1,887,182 |
Total loans, net |  |  | 4,462,350 |  |  | 4,585,975 |
Assets transferred or pledged to securitization vehicles | Agency mortgage-backed securities | Fair value, with unrealized gains (losses) through other comprehensive income | 1,122,588 |  |  | — |
Assets transferred or pledged to securitization vehicles | Residential mortgage loans | Fair value, with unrealized gains (losses) through earnings | 2,598,374 |  |  | 1,094,831 |
Assets transferred or pledged to securitization vehicles | Commercial mortgage loans | Fair value, with unrealized gains (losses) through earnings | 2,345,120 |  |  | 2,738,369 |
Assets transferred or pledged to securitization vehicles | Commercial mortgage loans | Amortized cost | 936,378 |  |  | — |
Total assets transferred or pledged to securitization vehicles |  | 7,002,460 |  |  | 3,833,200 |
Reverse repurchase agreements | Reverse repurchase agreements | Amortized cost | — |  |  | 650,040 |
| Liabilities |  |  |  |
Repurchase agreements | Repurchase agreements | Amortized cost | 101,740,728 |  |  | 81,115,874 |
Other secured financing | Loans | Amortized cost | 4,455,700 |  |  | 4,183,311 |
Debt issued by securitization vehicles | Securities | Fair value, with unrealized gains (losses) through earnings | 5,622,801 |  |  | 3,347,062 |
Mortgages payable | Loans | Amortized cost | 485,005 |  |  | 511,056 |
(1) Receivable for unsettled trades, Principal and interest receivable, Payable for unsettled trades, Interest payable and Dividends payable are accounted for at cost. (2) Includes Agency pass-through, collateralized mortgage obligation (“CMO”) and multifamily securities. (3) Includes interest-only securities and reverse mortgages. (4) Includes conduit CMBS.

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
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