v3.20.1

Valuation (Significant Unobservable Inputs Rollforward) (Details) - Level 3 - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2020 | Mar. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | $ 1,721,275 | $ 1,094,815
Assets, Accreted Discounts/Amortized Premiums | (10,680) | (10,641)
Assets, Realized Gain (Loss) | 1,366 | (1,647)
Assets, Change In Net Unrealized Gain/(Loss) | (80,188) | 3,447
Assets, Purchases | 401,709 | 303,325
Assets, Sales | (274,433) | (167,106)
Assets, Transfers into Level 3 | 15,143 | 15,690
Assets, Transfers out of Level 3 | (29,609) | (4,564)
Assets, Ending Balance | 1,744,583 | 1,233,319
Liabilities, Begining Balance | (594,832) | (297,948)
Liabilities, Accreted Discounts/Amortized Premiums | 0 | 0
Liabilities, Realized Gain/(Loss) | 31 | 0
Liabilities, Change In Net Unrealized Gain/(Loss) | (379) | 57
Liabilities Purchases/Payments | 44,714 | 15,767
Liabilities, Sales/Issuance | (41) | 0
Liabilities, Transfers into Level 3 | 0 | 0
Liabilities, Transfers out of Level 3 | 0 | 0
Liabilities, Ending Balance | (550,507) | (282,124)
Other secured borrowings, at fair value |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Liabilities, Begining Balance | (594,396) | (297,948)
Liabilities, Accreted Discounts/Amortized Premiums | 0 | 0
Liabilities, Realized Gain/(Loss) | 0 | 0
Liabilities, Change In Net Unrealized Gain/(Loss) | 24 | 57
Liabilities, Payments | 44,704 | 15,767
Liabilities, Issuances | 0 | 0
Liabilities, Transfers into Level 3 | 0 | 0
Liabilities, Transfers out of Level 3 | 0 | 0
Liabilities, Ending Balance | (549,668) | (282,124)
Change in unrealized gains (losses), liabilities | 24 | 57
Financial Derivatives - Liabilities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Change in unrealized gains (losses), liabilities | (800) |
Securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Change in unrealized gain (loss), assets | (50,900) | 700
Securities | Agency RMBS |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 19,904 | 7,293
Assets, Accreted Discounts/Amortized Premiums | (1,822) | (774)
Assets, Realized Gain (Loss) | (1) | (594)
Assets, Change In Net Unrealized Gain/(Loss) | 2,807 | 189
Assets, Purchases | 5,259 | 6
Assets, Sales | 0 | 0
Assets, Transfers into Level 3 | 1,088 | 842
Assets, Transfers out of Level 3 | (6,254) | (573)
Assets, Ending Balance | 20,981 | 6,389
Securities | Non-Agency RMBS |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 89,581 | 91,291
Assets, Accreted Discounts/Amortized Premiums | 226 | 63
Assets, Realized Gain (Loss) | (136) | (101)
Assets, Change In Net Unrealized Gain/(Loss) | (11,533) | (535)
Assets, Purchases | 33,950 | 15,546
Assets, Sales | (14,395) | (19,436)
Assets, Transfers into Level 3 | 3,659 | 10,492
Assets, Transfers out of Level 3 | (7,155) | (2,650)
Assets, Ending Balance | 94,197 | 94,670
Securities | CMBS |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 29,805 | 803
Assets, Accreted Discounts/Amortized Premiums | 207 | (14)
Assets, Realized Gain (Loss) | 1,386 | 0
Assets, Change In Net Unrealized Gain/(Loss) | (11,193) | (8)
Assets, Purchases | 31,025 | 0
Assets, Sales | (28,539) | 0
Assets, Transfers into Level 3 | 4,071 | 4,356
Assets, Transfers out of Level 3 | 6,486 | 0
Assets, Ending Balance | 20,276 | 5,137
Securities | CLOs |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 44,979 | 14,915
Assets, Accreted Discounts/Amortized Premiums | (318) | (406)
Assets, Realized Gain (Loss) | (21) | (83)
Assets, Change In Net Unrealized Gain/(Loss) | (20,261) | 49
Assets, Purchases | 22,760 | 8,304
Assets, Sales | 54 | 0
Assets, Transfers into Level 3 | 6,325 | 0
Assets, Transfers out of Level 3 | (9,714) | (1,341)
Assets, Ending Balance | 43,804 | 21,438
Securities | Asset-backed securities, backed by consumer loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 48,610 | 22,800
Assets, Accreted Discounts/Amortized Premiums | (1,044) | (609)
Assets, Realized Gain (Loss) | (150) | (512)
Assets, Change In Net Unrealized Gain/(Loss) | (2,360) | 762
Assets, Purchases | 16,271 | 4,940
Assets, Sales | (6,700) | (3,273)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 54,627 | 24,108
Securities | Corporate debt securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 1,113 | 6,318
Assets, Accreted Discounts/Amortized Premiums | 0 | 16
Assets, Realized Gain (Loss) | 0 | (1)
Assets, Change In Net Unrealized Gain/(Loss) | (96) | (77)
Assets, Purchases | 10 | 384
Assets, Sales | (417) | (903)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 610 | 5,737
Securities | Corporate equity securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 1,394 | 1,530
Assets, Accreted Discounts/Amortized Premiums | 0 | 0
Assets, Realized Gain (Loss) | 0 | 0
Assets, Change In Net Unrealized Gain/(Loss) | (987) | (65)
Assets, Purchases | 305 | 0
Assets, Sales | 0 | 0
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 712 | 1,465
Loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Change in unrealized gain (loss), assets | (30,400) | 3,400
Loans | Residential mortgage loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 932,203 | 496,829
Assets, Accreted Discounts/Amortized Premiums | (458) | (927)
Assets, Realized Gain (Loss) | 205 | (136)
Assets, Change In Net Unrealized Gain/(Loss) | (24,323) | 1,901
Assets, Purchases | 131,070 | 157,602
Assets, Sales | (99,325) | (72,017)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 939,372 | 583,252
Loans | Commercial mortgage loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 274,759 | 195,301
Assets, Accreted Discounts/Amortized Premiums | (1) | 306
Assets, Realized Gain (Loss) | 860 | 0
Assets, Change In Net Unrealized Gain/(Loss) | (328) | (333)
Assets, Purchases | 87,567 | 48,857
Assets, Sales | (59,557) | (4,508)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 303,300 | 239,623
Loans | Consumer loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 186,954 | 183,961
Assets, Accreted Discounts/Amortized Premiums | (7,470) | (8,572)
Assets, Realized Gain (Loss) | 26 | (2,055)
Assets, Change In Net Unrealized Gain/(Loss) | (5,751) | 1,842
Assets, Purchases | 61,100 | 54,256
Assets, Sales | (40,056) | (37,317)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 194,803 | 192,115
Loans | Corporate loan [Member] |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 18,510 | 72,302
Assets, Accreted Discounts/Amortized Premiums | 0 | 276
Assets, Realized Gain (Loss) | 0 | 1,560
Assets, Change In Net Unrealized Gain/(Loss) | 0 | (39)
Assets, Purchases | 104 | 13,428
Assets, Sales | (12,500) | (29,375)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 6,114 | 58,152
Investment in unconsolidated entities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 71,850 |
Assets, Accreted Discounts/Amortized Premiums | 0 |
Assets, Realized Gain (Loss) | 0 |
Assets, Change In Net Unrealized Gain/(Loss) | (6,497) |
Assets, Purchases | 12,283 |
Assets, Sales | (12,239) |
Assets, Transfers into Level 3 | 0 |
Assets, Transfers out of Level 3 | 0 |
Assets, Ending Balance | 65,397 |
Change in unrealized gain (loss), assets | (6,700) | (2,100)
Financial Derivatives - Assets |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Change in unrealized gain (loss), assets | 500 | (200)
Financial Derivatives - Assets | Total return swaps |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 620 |
Assets, Accreted Discounts/Amortized Premiums | 0 |
Assets, Realized Gain (Loss) | 191 |
Assets, Change In Net Unrealized Gain/(Loss) | (583) |
Assets, Purchases | 0 |
Assets, Sales | (191) |
Assets, Transfers into Level 3 | 0 |
Assets, Transfers out of Level 3 | 0 |
Assets, Ending Balance | 37 |
Financial Derivatives - Assets | Credit default swaps on asset-backed securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Assets, Beginning Balance | 993 | 1,472
Assets, Accreted Discounts/Amortized Premiums | 0 | 0
Assets, Realized Gain (Loss) | (994) | 275
Assets, Change In Net Unrealized Gain/(Loss) | 917 | (239)
Assets, Purchases | 5 | 2
Assets, Sales | (568) | (277)
Assets, Transfers into Level 3 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0
Assets, Ending Balance | 353 | $ 1,233
Financial Derivatives - Liabilities | Total return swaps |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Liabilities, Begining Balance | (436) |
Liabilities, Accreted Discounts/Amortized Premiums | 0 |
Liabilities, Realized Gain/(Loss) | 31 |
Liabilities, Change In Net Unrealized Gain/(Loss) | (403) |
Liabilities, Payments | 10 |
Liabilities, Issuances | (41) |
Liabilities, Transfers into Level 3 | 0 |
Liabilities, Transfers out of Level 3 | 0 |
Liabilities, Ending Balance | $ (839) |

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- Definition The amount of accreted discounts and amortization of premiums related to investments in debt securities classified as Level 3 securities within the fair value heirarchy. + References No definition available. + Details
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- Definition Settlements and purchases that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. + References No definition available. + Details
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- Definition Amount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3) and still held. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Amount of unrealized gain (loss) recognized in income from liability measured at fair value on recurring basis using unobservable input (level 3) and still held. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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