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VARIABLE INTEREST ENTITIES Schedule of Financial Condition of VIEs Reflected in Consolidated Statements of Financial Condition (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents [1] $ 1,239,982 $ 1,850,729 [2]
Assets transferred or pledged to securitization vehicles 7,269,402 7,002,460 [2]
Mortgage servicing rights 207,985 378,078 [2]
Principal and interest receivable 281,009 449,906 [2]
Other assets 221,765 381,220 [2]
Total assets 89,192,411 130,295,081 [2]
Liabilities    
Other secured financing 861,373 4,455,700 [2]
Interest payable 155,338 476,335 [2]
Other liabilities 144,745 93,388 [2]
Total liabilities 74,997,739 114,498,737 [2]
Consolidated VIEs    
Assets    
Cash and cash equivalents 84,900 67,500
Consolidated VIEs | Commercial Trusts    
Assets    
Cash and cash equivalents 0 0
Loans 0 0
Assets transferred or pledged to securitization vehicles 2,174,118 2,345,120
Mortgage servicing rights 0 0
Principal and interest receivable 5,370 7,085
Other assets 0 0
Total assets 2,179,488 2,352,205
Liabilities    
Debt issued by securitization vehicles (non-recourse) 1,843,036 1,967,523
Other secured financing 0 0
Payable for unsettled trades 0 0
Interest payable 1,594 3,008
Other liabilities 0 0
Total liabilities 1,844,630 1,970,531
Consolidated VIEs | Residential Trusts    
Assets    
Cash and cash equivalents 0 0
Loans 0 0
Assets transferred or pledged to securitization vehicles 50,810 75,924
Mortgage servicing rights 0 0
Principal and interest receivable 324 408
Other assets 0 0
Total assets 51,134 76,332
Liabilities    
Debt issued by securitization vehicles (non-recourse) 33,084 57,905
Other secured financing 0 0
Payable for unsettled trades 0 0
Interest payable 78 137
Other liabilities 201 78
Total liabilities 33,363 58,120
Consolidated VIEs | MSR Silo    
Assets    
Cash and cash equivalents 84,904 67,455
Loans 50,042 66,722
Assets transferred or pledged to securitization vehicles 0 0
Mortgage servicing rights 207,985 378,078
Principal and interest receivable 0 0
Other assets 23,087 27,021
Total assets 366,018 539,276
Liabilities    
Debt issued by securitization vehicles (non-recourse) 0 0
Other secured financing 32,842 38,981
Payable for unsettled trades 6,203 18,364
Interest payable 0 0
Other liabilities 2,830 2,393
Total liabilities $ 41,875 $ 59,738
[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.