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FINANCIAL INSTRUMENTS | 6 Months Ended
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Jun. 30, 2020
Investments, All Other Investments [Abstract] |
FINANCIAL INSTRUMENTS |
4. FINANCIAL INSTRUMENTS
The following table presents characteristics for certain of the Company’s financial instruments at June 30, 2020 and December 31, 2019.
Financial Instruments (1)
Balance Sheet Line Item | Type / Form | Measurement Basis | June 30, 2020 |  | December 31, 2019
| Assets | (dollars in thousands) |  |  |
Securities | Agency mortgage-backed securities (2) | Fair value, with unrealized gains (losses) through other comprehensive income | $ | 76,179,651 |  |  | $ | 112,124,958 |
Securities | Agency mortgage-backed securities (3) | Fair value, with unrealized gains (losses) through earnings | 582,149 |  |  | 768,409 |
Securities | Credit risk transfer securities | Fair value, with unrealized gains (losses) through earnings | 362,901 |  |  | 531,322 |
Securities | Non-agency mortgage-backed securities | Fair value, with unrealized gains (losses) through earnings | 619,840 |  |  | 1,135,868 |
Securities | Commercial real estate debt investments - CMBS | Fair value, with unrealized gains (losses) through other comprehensive income | 28,557 |  |  | 64,655 |
Securities | Commercial real estate debt investments - CMBS (4) | Fair value, with unrealized gains (losses) through earnings | 32,645 |  |  | 208,368 |
Total securities |  |  | 77,805,743 |  |  | 114,833,580 |
Loans, net | Residential mortgage loans | Fair value, with unrealized gains (losses) through earnings | 1,168,521 |  |  | 1,647,787 |
Loans, net | Commercial real estate debt and preferred equity, held for investment | Amortized cost | 618,886 |  |  | 669,713 |
Loans, net | Corporate debt held for investment, net | Amortized cost | 2,185,264 |  |  | 2,144,850 |
Total loans, net |  |  | 3,972,671 |  |  | 4,462,350 |
Assets transferred or pledged to securitization vehicles | Agency mortgage-backed securities | Fair value, with unrealized gains (losses) through other comprehensive income | 1,832,708 |  |  | 1,122,588 |
Assets transferred or pledged to securitization vehicles | Residential mortgage loans | Fair value, with unrealized gains (losses) through earnings | 2,832,502 |  |  | 2,598,374 |
Assets transferred or pledged to securitization vehicles | Commercial mortgage loans | Fair value, with unrealized gains (losses) through earnings | 2,150,623 |  |  | 2,345,120 |
Assets transferred or pledged to securitization vehicles | Commercial mortgage loans | Amortized cost | 874,618 |  |  | 936,378 |
Total assets transferred or pledged to securitization vehicles |  | 7,690,451 |  |  | 7,002,460 |
| Liabilities |  |  |  |
Repurchase agreements | Repurchase agreements | Amortized cost | 67,163,598 |  |  | 101,740,728 |
Other secured financing | Loans | Amortized cost | 1,538,996 |  |  | 4,455,700 |
Debt issued by securitization vehicles | Securities | Fair value, with unrealized gains (losses) through earnings | 6,458,130 |  |  | 5,622,801 |
Mortgages payable | Loans | Amortized cost | 508,565 |  |  | 485,005 |
(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 single-asset / single-borrower CMBS.

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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- References No definition available. + Details
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