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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents (includes pledged assets of $1,168,816 and $1,648,545, respectively) [1] $ 1,239,982 $ 1,850,729 [2]
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) [3] 76,098,985 114,833,580 [2]
Loans, net (includes pledged assets of $3,017,199 and $3,240,583, respectively) [4] 2,788,341 4,462,350 [2]
Mortgage servicing rights (includes pledged assets of $3,431 and $3,336, respectively) 207,985 378,078 [2]
Assets transferred or pledged to securitization vehicles 7,269,402 7,002,460 [2]
Real estate, net 790,597 725,638 [2]
Derivative assets 103,245 113,556 [2]
Receivable for unsettled trades 54,200 4,792 [2]
Principal and interest receivable 281,009 449,906 [2]
Goodwill and intangible assets, net 136,900 92,772 [2]
Other assets 221,765 381,220 [2]
Total assets 89,192,411 130,295,081 [2]
Liabilities    
Repurchase agreements 64,633,447 101,740,728 [2]
Other secured financing 861,373 4,455,700 [2]
Debt issued by securitization vehicles 6,027,576 5,622,801 [2]
Mortgages payable 507,934 485,005 [2]
Derivative liabilities 1,182,681 803,866 [2]
Payable for unsettled trades 1,176,001 463,387 [2]
Interest payable 155,338 476,335 [2]
Dividends payable 308,644 357,527 [2]
Other liabilities 144,745 93,388 [2]
Total liabilities 74,997,739 114,498,737 [2]
Stockholders’ equity    
Preferred stock, par value $0.01 per share, 85,150,000 authorized, 81,900,000 issued and outstanding 1,982,026 1,982,026 [2]
Common stock, par value $0.01 per share, 2,914,850,000 authorized, 1,402,928,317 and 1,430,106,199 issued and outstanding, respectively 14,029 14,301 [2]
Additional paid-in capital 19,798,032 19,966,923 [2]
Accumulated other comprehensive income (loss) 3,589,056 2,138,191 [2]
Accumulated deficit (11,200,937) (8,309,424) [2]
Total stockholders’ equity 14,182,206 15,792,017 [2]
Noncontrolling interests 12,466 4,327 [2]
Total equity 14,194,672 15,796,344 [2]
Total liabilities and equity 89,192,411 130,295,081 [2]
Residential Mortgage Loans    
Assets    
Total assets 200 1,600,000
Liabilities    
Repurchase agreements 70,642  
Stockholders’ equity    
Loans 50,000 66,700
Consolidated VIEs    
Assets    
Cash and cash equivalents (includes pledged assets of $1,168,816 and $1,648,545, respectively) 84,900 67,500
Consolidated VIEs | Agency Mortgage-Backed Securities    
Assets    
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) 50,300 102,500
Consolidated VIEs | Non-Agency Mortgage-Backed Securities    
Assets    
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) 544,000 468,000
Consolidation, Eliminations | Consolidated VIEs | Commercial Mortgage Loans    
Assets    
Securities (includes pledged assets of $70,393,155 and $108,809,569, respectively) $ 392,600 $ 500,300
[1] Includes cash of consolidated Variable Interest Entities (“VIEs”) of $84.9 million and $67.5 million at September 30, 2020 and December 31, 2019, respectively.
[2] Derived from the audited consolidated financial statements at December 31, 2019.
[3] Excludes $50.3 million and $102.5 million at September 30, 2020 and December 31, 2019, respectively, of Agency mortgage-backed securities, $544.0 million and $468.0 million at September 30, 2020 and December 31, 2019, respectively, of non-Agency mortgage-backed securities and $392.6 million and $500.3 million at September 30, 2020 and December 31, 2019, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[4] Includes $50.0 million and $66.7 million of residential mortgage loans held for sale at September 30, 2020 and December 31, 2019, respectively.