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DEBT OBLIGATIONS, NET - Schedule of Company's Debt Obligations (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
Extension
Dec. 31, 2019
USD ($)
Extension
Feb. 26, 2020
USD ($)
Extension
Feb. 14, 2020
USD ($)
Assets Sold under Agreements to Repurchase [Line Items]        
Debt Obligations Outstanding $ 1,726,800,000 $ 1,815,934,000    
Debt obligations 5,681,020,000      
Carrying Amount of Collateral 0 0    
Committed Loan Repurchase Facility        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing 1,550,000,000 1,750,000,000    
Debt Obligations Outstanding 537,018,000 702,264,000    
Committed but Unfunded 1,012,982,000 1,047,736,000    
Carrying Amount of Collateral 819,481,000 1,149,281,000    
Fair Value of Collateral 820,087,000 1,152,250,000    
Committed Loan Repurchase Facility | Maturing on 19 December 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing 500,000,000 600,000,000.0   $ 500,000,000.0
Debt Obligations Outstanding 191,031,000 183,828,000    
Committed but Unfunded 308,969,000 416,172,000    
Carrying Amount of Collateral 295,557,000 287,974,000    
Fair Value of Collateral $ 295,839,000 $ 288,210,000    
Number of extension maturity periods | Extension 2 2    
Length of extension options 12 months 12 months    
Committed Loan Repurchase Facility | Maturing On February 26 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 250,000,000      
Debt Obligations Outstanding 0      
Committed but Unfunded 250,000,000      
Carrying Amount of Collateral 0      
Fair Value of Collateral $ 0      
Number of extension maturity periods | Extension 3      
Length of extension options 12 months      
Committed Loan Repurchase Facility | Maturing on 19 December 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 300,000,000 $ 300,000,000    
Debt Obligations Outstanding 149,044,000 248,182,000    
Committed but Unfunded 150,956,000 51,818,000    
Carrying Amount of Collateral 231,701,000 382,778,000    
Fair Value of Collateral $ 231,701,000 $ 382,778,000    
Number of extension maturity periods | Extension 3 3    
Length of extension options 364 days 364 days    
Committed Loan Repurchase Facility | Maturing on 6 November 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 300,000,000 $ 300,000,000    
Debt Obligations Outstanding 139,394,000 98,678,000    
Committed but Unfunded 160,606,000 201,322,000    
Carrying Amount of Collateral 204,671,000 175,000,000    
Fair Value of Collateral $ 204,859,000 $ 175,270,000    
Number of extension maturity periods | Extension 1 1    
Length of extension options 12 months 12 months    
Number of additional extension maturity periods | Extension 2 2    
Length of additional extension maturity periods 6 months 6 months    
Committed Loan Repurchase Facility | Maturing On 31 December 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 100,000,000      
Debt Obligations Outstanding 34,599,000      
Committed but Unfunded 65,401,000      
Carrying Amount of Collateral 56,952,000      
Fair Value of Collateral $ 57,088,000      
Number of extension maturity periods | Extension 2      
Length of extension options 12 months      
Committed Loan Repurchase Facility | Maturing on 24 December 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 100,000,000 $ 100,000,000    
Debt Obligations Outstanding 22,950,000 90,927,000    
Committed but Unfunded 77,050,000 9,073,000    
Carrying Amount of Collateral 30,600,000 126,311,000    
Fair Value of Collateral $ 30,600,000 $ 126,311,000    
Length of extension options 364 days 364 days    
Committed Loan Repurchase Facility | Maturing on 23 December 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing   $ 500,000,000.0    
Committed Loan Repurchase Facility | Maturing On 24 May 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing   350,000,000    
Debt Obligations Outstanding   70,697,000    
Committed but Unfunded   279,303,000    
Carrying Amount of Collateral   101,590,000    
Fair Value of Collateral   $ 103,868,000    
Number of extension maturity periods | Extension   1    
Length of extension options   12 months    
Committed Loan Repurchase Facility | Maturing on 3 January 2023        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing   $ 100,000,000    
Debt Obligations Outstanding   9,952,000    
Committed but Unfunded   90,048,000    
Carrying Amount of Collateral   75,628,000    
Fair Value of Collateral   $ 75,813,000    
Number of extension maturity periods | Extension   2    
Length of extension options   12 months    
Committed Securities Repurchase Facility | Maturing on 23 December 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 708,969,000 $ 400,000,000.0    
Debt Obligations Outstanding 477,734,000 42,751,000    
Committed but Unfunded 231,235,000 357,249,000    
Carrying Amount of Collateral 622,653,000 52,691,000    
Fair Value of Collateral 622,653,000 52,691,000    
Uncommitted Securities Repurchase Facility | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Debt Obligations Outstanding 712,048,000 1,070,919,000    
Carrying Amount of Collateral 799,466,000 1,188,440,000    
Fair Value of Collateral 799,466,000 1,188,440,000    
Restricted securities held-to-maturity 2,200,000 2,200,000    
Total Repurchase Facilities        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing 1,950,000,000 2,150,000,000    
Debt Obligations Outstanding 1,726,800,000 1,815,934,000    
Committed but Unfunded 1,244,217,000 1,404,985,000    
Carrying Amount of Collateral 2,241,600,000 2,390,412,000    
Fair Value of Collateral 2,242,206,000 2,393,381,000    
Revolving Credit Facility | Maturing February 11 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing 266,430,000      
Debt Obligations Outstanding 266,430,000      
Committed but Unfunded $ 0      
Number of extension maturity periods | Extension 4      
Length of extension options 12 months      
Revolving Credit Facility | Maturing 11 February 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing   266,430,000    
Debt Obligations Outstanding   0    
Committed but Unfunded   $ 266,430,000    
Number of extension maturity periods | Extension   4    
Length of extension options   12 months    
Mortgage Loan Financing | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing $ 806,153,000 $ 812,606,000    
Debt Obligations Outstanding 806,153,000 812,606,000    
Committed but Unfunded 0 0    
Carrying Amount of Collateral 967,842,000 988,857,000    
Fair Value of Collateral 1,171,170,000 1,192,106,000    
Borrowings from the FHLB | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing 1,945,795,000 1,945,795,000    
Debt Obligations Outstanding 1,007,581,000 1,073,500,000    
Committed but Unfunded 938,214,000 872,295,000    
Carrying Amount of Collateral 1,454,039,000 1,107,188,000    
Fair Value of Collateral 1,458,494,000 1,113,811,000    
Restricted securities held-to-maturity 9,900,000 9,900,000    
Senior Unsecured Notes        
Assets Sold under Agreements to Repurchase [Line Items]        
Unamortized debt issuance costs (17,841,000)      
Senior Unsecured Notes | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Debt issued 1,891,897,000 1,166,201,000    
Senior Unsecured Notes 1,874,056,000 1,157,833,000    
Committed but Unfunded 0 0    
Unamortized debt issuance costs (17,800,000) (8,400,000)    
Total Debt Obligations        
Assets Sold under Agreements to Repurchase [Line Items]        
Debt issued 6,860,275,000 6,341,032,000    
Debt obligations 5,681,020,000 4,859,873,000    
Committed but Unfunded 2,182,431,000 2,543,710,000    
Carrying Amount of Collateral 4,663,481,000 4,486,457,000    
Fair Value of Collateral $ 4,871,870,000 $ 4,699,298,000    
Minimum | Committed Loan Repurchase Facility | Maturing on 19 December 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.20% 3.24%    
Minimum | Committed Loan Repurchase Facility | Maturing On February 26 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing     $ 250,000,000.0  
Interest rate 0.00%      
Number of extension maturity periods | Extension     3  
Minimum | Committed Loan Repurchase Facility | Maturing on 19 December 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.46% 3.49%    
Minimum | Committed Loan Repurchase Facility | Maturing on 6 November 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.51% 3.50%    
Minimum | Committed Loan Repurchase Facility | Maturing On 31 December 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.83%      
Minimum | Committed Loan Repurchase Facility | Maturing on 24 December 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.92% 3.74%    
Minimum | Committed Loan Repurchase Facility | Maturing on 23 December 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 1.50% 2.50%    
Minimum | Committed Loan Repurchase Facility | Maturing On 24 May 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate   3.71%    
Minimum | Committed Loan Repurchase Facility | Maturing on 3 January 2023        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate   3.96%    
Minimum | Uncommitted Securities Repurchase Facility | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 1.32% 2.17%    
Minimum | Uncommitted Securities Repurchase Facility | Maturing February 11 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 3.80%      
Minimum | Mortgage Loan Financing | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 3.75% 3.75%    
Minimum | Borrowings from the FHLB | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate   1.47%    
Minimum | Senior Unsecured Notes | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 0.54% 5.25%    
Maximum | Committed Loan Repurchase Facility | Maturing on 19 December 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.70% 3.74%    
Maximum | Committed Loan Repurchase Facility | Maturing On February 26 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing     $ 350,000,000.0  
Interest rate 0.00%      
Maximum | Committed Loan Repurchase Facility | Maturing on 19 December 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 3.83% 3.74%    
Maximum | Committed Loan Repurchase Facility | Maturing on 6 November 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.81% 3.75%    
Maximum | Committed Loan Repurchase Facility | Maturing On 31 December 2022        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.93%      
Maximum | Committed Loan Repurchase Facility | Maturing on 24 December 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 4.48% 3.80%    
Maximum | Committed Loan Repurchase Facility | Maturing on 23 December 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Committed Financing     $ 500,000,000.0  
Interest rate 3.21% 2.56%    
Maximum | Committed Loan Repurchase Facility | Maturing On 24 May 2020        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate   3.81%    
Maximum | Committed Loan Repurchase Facility | Maturing on 3 January 2023        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate   3.99%    
Maximum | Uncommitted Securities Repurchase Facility | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 3.75% 3.54%    
Maximum | Uncommitted Securities Repurchase Facility | Maturing February 11 2021        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 5.25%      
Maximum | Mortgage Loan Financing | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 6.75% 6.75%    
Maximum | Borrowings from the FHLB | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate   2.95%    
Maximum | Senior Unsecured Notes | Various Date        
Assets Sold under Agreements to Repurchase [Line Items]        
Interest rate 2.95% 5.875%