v3.20.1

Consolidated VIEs

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated VIEs

Consolidated VIEs

As discussed in Note 2, the Company has interests in entities that it has determined to be VIEs. The following table summarizes the assets and liabilities of the Company's consolidated VIEs that are included on the Company's Condensed Consolidated Balance Sheet as of March 31, 2020 and December 31, 2019.

(In thousands)		March 31, 2020 (1)				December 31, 2019 (1)
Assets
Cash and cash equivalents		$	5,591			$	6,016
Restricted cash		175				175
Securities, at fair value		54,042				47,923
Loans, at fair value		1,425,020				1,393,916
Investments in unconsolidated entities, at fair value		6,477				5,641
Real estate owned		25,054				30,584
Investment related receivables		35,388				28,668
Other assets		2,661				6,191
Total Assets		$	1,554,408			$	1,519,114
Liabilities
Repurchase agreements		$	396,855			$	302,791
Investment related payables		495				3,275
Other secured borrowings		177,855				150,334
Other secured borrowings, at fair value		549,668				594,396
Interest payable		613				1,247
Accrued expenses and other liabilities		2,331				2,279
Total Liabilities		1,127,817				1,054,322
Total Stockholders' Equity		402,459				440,394
Non-controlling interests		24,132				24,400
Total Equity		426,591				464,794
Total Liabilities and Equity		$	1,554,408			$	1,519,116

(1)

See Note 10 and Note 13 for additional information on the Company's consolidated VIEs.

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- References

No definition available.

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- Definition

The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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