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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2019
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS The Company evaluated events from the date of the consolidated financial statements on June 30, 2019 through the issuance of these consolidated financial statements included in this Quarterly Report on Form 10-Q. On July 25, 2019, the Company commenced a tender offer for the depositary shares representing shares of its Series D and Series E preferred stock for up to $75 million in aggregate purchase price. Subject to the terms and conditions described in the tender offer materials, the tender offer is expected to close by the end of August 2019. On August 1, 2019, the Company completed the Freddie Mac multifamily securitization and sold the associated mortgage servicing rights.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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