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Debt Obligations - Credit and Repurchase Facilities (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Oct. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Debt Obligations      
UPB   $ 4,493,699 $ 2,238,722
Debt Carrying Value   4,481,579 2,234,883
Collateral Carrying Value   $ 5,585,460 $ 2,724,420
Weighted Average Note Rate (as a percent)   2.21% 2.20%
Utilization of credit facility $ 67,000    
Minimum      
Debt Obligations      
Maximum advance rate   75.00%  
Maximum      
Debt Obligations      
Maximum advance rate   85.00%  
$50M credit facility      
Debt Obligations      
UPB   $ 9,295 $ 88,911
Debt Carrying Value   9,295 88,896
Collateral Carrying Value   $ 9,295 $ 88,911
Weighted Average Note Rate (as a percent)   1.40% 1.65%
$25M credit facility.      
Debt Obligations      
UPB   $ 10,285 $ 9,539
Debt Carrying Value   10,218 9,323
Collateral Carrying Value   $ 14,773 $ 14,340
Weighted Average Note Rate (as a percent)   2.38% 2.43%
Joint Repurchase Facility      
Debt Obligations      
Maximum borrowing capacity   $ 2,500,000  
Additional borrowing capacity   $ 150,000  
Extension of maturity date (in years)   1 year  
Joint Repurchase Facility | Private Label      
Debt Obligations      
Maximum advance rate   80.00%  
Joint Repurchase Facility | Structured loans      
Debt Obligations      
Maximum advance rate   85.00%  
Joint Repurchase Facility | LIBOR      
Debt Obligations      
Variable rate, spread (as a percent)   5.75%  
Structured Transaction Business      
Debt Obligations      
UPB   $ 3,533,016 $ 1,286,100
Debt Carrying Value   3,525,307 1,282,845
Collateral Carrying Value   $ 4,548,653 $ 1,755,825
Weighted Average Note Rate (as a percent)   2.34% 2.73%
Unamortized deferred finance costs   $ 7,700 $ 3,300
Weighted average note rate including certain fees and costs (as a percent)   2.51% 2.97%
Leverage on loans and investment portfolio financed through credit facilities and repurchase agreements, excluding securities repurchase facility, working capital line of credit and security agreement used to finance leasehold and capital expenditure improvements at corporate office (as a percent)   77.00% 69.00%
Structured Transaction Business | LIBOR      
Debt Obligations      
LIBOR Floor rate   0.25%  
Variable rate, spread (as a percent)   3.25%  
Structured Transaction Business | B Piece bonds      
Debt Obligations      
Debt Instrument, Collateral Amount   $ 47,600 $ 57,800
Structured Transaction Business | SFR - Fixed Rate      
Debt Obligations      
Collateral Carrying Value   $ 10,000  
Structured Transaction Business | Senior mortgage loans      
Debt Obligations      
Weighted Average Note Rate (as a percent)   4.01%  
Structured Transaction Business | $2.00B joint repurchase facility      
Debt Obligations      
UPB   $ 1,490,434 682,958
Debt Carrying Value   1,486,380 681,006
Collateral Carrying Value   $ 1,877,930 $ 1,054,562
Weighted Average Note Rate (as a percent)   2.56% 2.55%
Maximum borrowing capacity   $ 2,000,000  
Structured Transaction Business | $1.00B repurchase facility      
Debt Obligations      
UPB   676,608 $ 192,193
Debt Carrying Value   675,415 191,622
Collateral Carrying Value   $ 937,880 $ 259,559
Weighted Average Note Rate (as a percent)   2.04% 2.99%
Maximum borrowing capacity   $ 1,000,000  
Structured Transaction Business | $1.00B repurchase facility | LIBOR      
Debt Obligations      
Maximum advance rate   75.00%  
LIBOR Floor rate   0.35%  
Decrease in interest rate (as a percent)   0.20%  
Structured Transaction Business | $1.00B repurchase facility | Minimum | LIBOR      
Debt Obligations      
Maximum advance rate   2.00%  
LIBOR Floor rate   0.35%  
Line of Credit Facility, Interest Rate at Period End   2.00%  
Utilization of credit facility   $ 250,000  
Structured Transaction Business | $1.00B repurchase facility | Maximum | LIBOR      
Debt Obligations      
LIBOR Floor rate   0.35%  
Variable rate, spread (as a percent)   1.75%  
Line of Credit Facility, Interest Rate at Period End   2.20%  
Utilization of credit facility   $ 250,000  
Structured Transaction Business | $450M repurchase facility      
Debt Obligations      
UPB   397,842  
Debt Carrying Value   397,272  
Collateral Carrying Value   $ 511,269  
Weighted Average Note Rate (as a percent)   1.89%  
Maximum borrowing capacity   $ 450,000  
Structured Transaction Business | $450M repurchase facility | Minimum      
Debt Obligations      
Variable rate, spread (as a percent)   2.00%  
Structured Transaction Business | $450M repurchase facility | Minimum | Multifamily      
Debt Obligations      
Variable rate, spread (as a percent)   1.75%  
Structured Transaction Business | $450M repurchase facility | Maximum | Multifamily      
Debt Obligations      
Variable rate, spread (as a percent)   2.25%  
Structured Transaction Business | $450M repurchase facility | Maximum | LIBOR      
Debt Obligations      
Variable rate, spread (as a percent)   2.75%  
Structured Transaction Business | $398.7M repurchase facility (2)      
Debt Obligations      
UPB   $ 242,034 $ 71,656
Debt Carrying Value   241,450 71,627
Collateral Carrying Value   $ 289,956 $ 87,242
Weighted Average Note Rate (as a percent)   3.04% 2.73%
Maximum borrowing capacity   $ 398,700  
Structured Transaction Business | $325M repurchase facility      
Debt Obligations      
UPB   294,145 $ 31,780
Debt Carrying Value   293,700 31,780
Collateral Carrying Value   $ 385,337 $ 40,551
Weighted Average Note Rate (as a percent)   1.76% 1.92%
Maximum borrowing capacity   $ 325,000  
Structured Transaction Business | $225M credit facility      
Debt Obligations      
UPB   28,213 $ 23,857
Debt Carrying Value   27,826 23,606
Collateral Carrying Value   $ 42,270 $ 31,809
Weighted Average Note Rate (as a percent)   2.79% 4.06%
Maximum borrowing capacity   $ 225,000  
Structured Transaction Business | $225M credit facility | LIBOR      
Debt Obligations      
Variable rate, spread (as a percent)   2.50%  
Structured Transaction Business | $225M credit facility | Minimum | SFR - Fixed Rate      
Debt Obligations      
LIBOR Floor rate   2.75%  
Structured Transaction Business | $225M credit facility | Maximum | SFR - Fixed Rate      
Debt Obligations      
LIBOR Floor rate   3.85%  
Structured Transaction Business | $200M credit facility      
Debt Obligations      
UPB   $ 177,599 $ 39,389
Debt Carrying Value   177,406 39,346
Collateral Carrying Value   $ 236,538 $ 47,912
Weighted Average Note Rate (as a percent)   1.70% 2.24%
Maximum borrowing capacity   $ 200,000  
Structured Transaction Business | $200M credit facility | SOFR | Multifamily      
Debt Obligations      
Variable rate, spread (as a percent)   1.61%  
Structured Transaction Business | $200M credit facility | SOFR | Independent living facilities      
Debt Obligations      
Variable rate, spread (as a percent)   2.31%  
Structured Transaction Business | $200M credit facility | SOFR | Assisted living facilities      
Debt Obligations      
Variable rate, spread (as a percent)   2.56%  
Structured Transaction Business | $200M credit facility | LIBOR      
Debt Obligations      
LIBOR Floor rate   0.25%  
Variable rate, spread (as a percent)   1.35%  
Structured Transaction Business | $200M credit facility | Healthcare Related Loans | SOFR | Assisted living facilities      
Debt Obligations      
Additional borrowing capacity   $ 25,000  
Structured Transaction Business | $153.9M loan specific credit facilities      
Debt Obligations      
UPB   153,937 $ 148,798
Debt Carrying Value   153,727 148,615
Collateral Carrying Value   $ 214,300 $ 198,550
Weighted Average Note Rate (as a percent)   3.14% 3.03%
Maximum borrowing capacity   $ 153,900  
Structured Transaction Business | $153.9M loan specific credit facilities | Prime Rate      
Debt Obligations      
Fixed interest rate (as a percent)   3.25%  
Structured Transaction Business | $153.9M loan specific credit facilities | Minimum      
Debt Obligations      
Fixed interest rate (as a percent)   3.00%  
Structured Transaction Business | $153.9M loan specific credit facilities | Minimum | LIBOR      
Debt Obligations      
Variable rate, spread (as a percent)   2.20%  
Structured Transaction Business | $153.9M loan specific credit facilities | Maximum      
Debt Obligations      
Fixed interest rate (as a percent)   4.00%  
Structured Transaction Business | $153.9M loan specific credit facilities | Maximum | LIBOR      
Debt Obligations      
Variable rate, spread (as a percent)   2.40%  
Structured Transaction Business | $50M credit facility      
Debt Obligations      
UPB   $ 29,200 $ 16,002
Debt Carrying Value   29,194 15,992
Collateral Carrying Value   $ 36,500 $ 21,300
Weighted Average Note Rate (as a percent)   2.13% 2.17%
Maximum borrowing capacity   $ 50,000  
Structured Transaction Business | $50M credit facility | LIBOR      
Debt Obligations      
Variable rate, spread (as a percent)   2.00%  
Structured Transaction Business | $30M working capital facility      
Debt Obligations      
UPB     $ 30,000
Debt Carrying Value     $ 30,000
Weighted Average Note Rate (as a percent)     3.55%
Maximum borrowing capacity   $ 30,000  
Structured Transaction Business | $30M working capital facility | LIBOR      
Debt Obligations      
LIBOR Floor rate   0.25%  
Variable rate, spread (as a percent)   3.25%  
Structured Transaction Business | $25M credit facility      
Debt Obligations      
UPB   $ 1,235  
Debt Carrying Value   1,235  
Collateral Carrying Value   $ 1,900  
Weighted Average Note Rate (as a percent)   4.06%  
Maximum borrowing capacity   $ 25,000  
Structured Transaction Business | $25M credit facility | LIBOR      
Debt Obligations      
LIBOR Floor rate   3.85%  
Variable rate, spread (as a percent)   2.50%  
Structured Transaction Business | $25M credit facility.      
Debt Obligations      
Maximum borrowing capacity   $ 25,000  
Structured Transaction Business | $25M credit facility. | SOFR      
Debt Obligations      
Variable rate, spread (as a percent)   2.35%  
Structured Transaction Business | $1M master security agreement      
Debt Obligations      
UPB   $ 635 $ 1,441
Debt Carrying Value   $ 635 $ 1,441
Weighted Average Note Rate (as a percent)   4.01% 4.10%
Maximum borrowing capacity   $ 1,000  
Structured Transaction Business | Repurchase facility - securities (3)      
Debt Obligations      
UPB   30,849 $ 38,487
Debt Carrying Value   $ 30,849 $ 38,487
Weighted Average Note Rate (as a percent)   3.40% 3.47%
Structured Transaction Business | $150M credit facility | SOFR      
Debt Obligations      
Maximum borrowing capacity   $ 150,000  
Variable rate, spread (as a percent)   1.46%  
Additional borrowing capacity   $ 50,000  
Decrease in interest rate (as a percent)   1.86%  
Structured Transaction Business | $400M repurchase facility      
Debt Obligations      
Maximum borrowing capacity   $ 400,000  
Structured Transaction Business | $400M repurchase facility | SOFR      
Debt Obligations      
LIBOR Floor rate   0.25%  
Structured Transaction Business | $400M repurchase facility | Minimum | SOFR      
Debt Obligations      
Variable rate, spread (as a percent)   1.75%  
Structured Transaction Business | $400M repurchase facility | Maximum | SOFR      
Debt Obligations      
Variable rate, spread (as a percent)   2.25%  
Structured Transaction Business | $200 million repurchase facility      
Debt Obligations      
Maximum borrowing capacity   $ 200,000  
Additional borrowing capacity   325,000  
Agency Business      
Debt Obligations      
UPB   960,683 $ 952,622
Debt Carrying Value   956,272 952,038
Collateral Carrying Value   $ 1,036,807 $ 968,595
Weighted Average Note Rate (as a percent)   1.75% 1.48%
Unamortized deferred finance costs   $ 4,400 $ 600
Agency Business | Fannie Mae Mortgage      
Debt Obligations      
Letters of Credit Outstanding, Amount   45,000  
Agency Business | Freddie Mac Mortgage      
Debt Obligations      
Committed amount   5,000  
Letters of Credit Outstanding, Amount   5,000  
Agency Business | $200M credit facility      
Debt Obligations      
UPB   115,351 294,815
Debt Carrying Value   115,304 294,732
Collateral Carrying Value   $ 115,351 $ 296,698
Weighted Average Note Rate (as a percent)   1.60% 1.30%
Maximum borrowing capacity   $ 200,000  
Agency Business | $50M credit facility      
Debt Obligations      
Maximum borrowing capacity   $ 50,000  
Fixed interest rate (as a percent)   2.875%  
Variable rate, spread (as a percent)   1.30%  
Agency Business | $750M ASAP agreement      
Debt Obligations      
UPB   $ 182,130 $ 301,455
Debt Carrying Value   182,130 301,455
Collateral Carrying Value   $ 182,140 $ 302,491
Weighted Average Note Rate (as a percent)   1.40% 1.40%
Maximum borrowing capacity   $ 750,000  
LIBOR Floor rate   0.25%  
Debt Instrument, Reduced Basis Spread on Variable Rate   1.26%  
Debt Instrument, Collateral Amount   $ 750,000  
Agency Business | $500M joint repurchase facility      
Debt Obligations      
UPB   399,470 $ 43,132
Debt Carrying Value   395,317 42,808
Collateral Carrying Value   $ 475,360 $ 56,186
Weighted Average Note Rate (as a percent)   2.11% 2.07%
Maximum borrowing capacity   $ 500,000  
Agency Business | $500M repurchase facility      
Debt Obligations      
UPB   236,527 $ 174,555
Debt Carrying Value   236,429 174,515
Collateral Carrying Value   $ 236,527 $ 174,555
Weighted Average Note Rate (as a percent)   1.58% 1.64%
Maximum borrowing capacity   $ 500,000  
Agency Business | $150M credit facility      
Debt Obligations      
UPB   16,657 $ 49,754
Debt Carrying Value   16,544 49,632
Collateral Carrying Value   $ 16,657 $ 49,754
Weighted Average Note Rate (as a percent)   1.51% 1.65%
Maximum borrowing capacity   $ 150,000  
Agency Business | $1.3M repurchase facility (2)      
Debt Obligations      
UPB   1,253  
Debt Carrying Value   1,253  
Collateral Carrying Value   $ 1,477  
Weighted Average Note Rate (as a percent)   3.00%  
Maximum borrowing capacity   $ 1,300  
Agency Business | $400M repurchase facility | LIBOR      
Debt Obligations      
Maximum borrowing capacity   $ 500,000  
Debt Instrument, Reduced Basis Spread on Variable Rate   1.48%