v3.21.2

Investment in Loans (Schedule of Residential Mortgage Loans: Geographic Distribution) (Details) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2021 | Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Schedules of Exposure to Counterparty Risk | The table below summarizes the geographic distribution of the real estate collateral underlying the Company's residential mortgage loans as a percentage of total outstanding unpaid principal balance as of September 30, 2021 and December 31, 2020:
Property Location by U.S. State |  | September 30, 2021 |  | December 31, 2020
California |  | 41.2 | % |  | 43.1 | %
Florida |  | 15.0 | % |  | 14.8 | %
Texas |  | 11.7 | % |  | 10.2 | %
Colorado |  | 2.6 | % |  | 3.1 | %
Utah |  | 2.6 | % |  | 1.7 | %
Arizona |  | 2.3 | % |  | 2.0 | %
Massachusetts |  | 2.3 | % |  | 2.6 | %
Illinois |  | 2.2 | % |  | 1.8 | %
Nevada |  | 1.8 | % |  | 1.9 | %
New York |  | 1.7 | % |  | 1.6 | %
Oregon |  | 1.6 | % |  | 2.2 | %
Washington |  | 1.6 | % |  | 1.4 | %
North Carolina |  | 1.6 | % |  | 1.1 | %
Georgia |  | 1.2 | % |  | 1.3 | %
Connecticut |  | 1.2 | % |  | 0.9 | %
New Jersey |  | 1.0 | % |  | 1.4 | %
Maryland |  | 0.8 | % |  | 1.0 | %
Other |  | 7.6 | % |  | 7.9 | %
|  | 100.0 | % |  | 100.0 | %
The table below summarizes the geographic distribution of the real estate collateral underlying the Company's commercial mortgage loans as a percentage of total outstanding unpaid principal balance as of September 30, 2021 and December 31, 2020:
Property Location by U.S. State |  | September 30, 2021 |  | December 31, 2020
Florida |  | 26.6 | % |  | 23.8 | %
New York |  | 20.2 | % |  | 15.2 | %
Connecticut |  | 7.0 | % |  | 11.2 | %
Missouri |  | 6.8 | % |  | 7.9 | %
Arizona |  | 6.2 | % |  | 4.3 | %
Ohio |  | 5.9 | % |  | 7.3 | %
North Carolina |  | 5.7 | % |  | 2.2 | %
New Jersey |  | 5.0 | % |  | 5.8 | %
California |  | 4.7 | % |  | 5.9 | %
Michigan |  | 4.7 | % |  | — | %
New Hampshire |  | 3.4 | % |  | — | %
Indiana |  | 2.3 | % |  | 2.8 | %
Nevada |  | 1.5 | % |  | 1.9 | %
Massachusetts |  | — | % |  | 6.1 | %
Virginia |  | — | % |  | 4.2 | %
Illinois |  | — | % |  | 1.4 | %
|  | 100.0 | % |  | 100.0 | %
The following table summarizes the Company's exposure to counterparty risk as of September 30, 2021 and December 31, 2020. September 30, 2021:
|  | Amount of Exposure |  | Number of Counterparties with Exposure |  | Maximum Percentage of Exposure to a Single Counterparty(1)
|  | (In thousands) |  |  |  |
Cash and cash equivalents |  | $ | 103,617 |  |  | 8 |  |  | 29.2 | %
Collateral on repurchase agreements held by dealers(2) |  | 2,443,429 |  |  | 24 |  |  | 28.2 | %
Due from brokers |  | 89,983 |  |  | 22 |  |  | 30.6 | %
Receivable for securities sold(3) |  | 26,992 |  |  | 3 |  |  | 49.3 | %
(1)Each counterparty is a large creditworthy financial institution. (2)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements. (3)Included in Investment related receivables on the Condensed Consolidated Balance Sheet. December 31, 2020:
|  | Amount of Exposure |  | Number of Counterparties with Exposure |  | Maximum Percentage of Exposure to a Single Counterparty(1)
|  | (In thousands) |  |  |  |
Cash and cash equivalents |  | $ | 111,647 |  |  | 8 |  |  | 40.1 | %
Collateral on repurchase agreements held by dealers(2) |  | 1,860,059 |  |  | 24 |  |  | 15.3 | %
Due from brokers |  | 63,147 |  |  | 22 |  |  | 28.9 | %
Receivable for securities sold(3) |  | 1,416 |  |  | 2 |  |  | 94.5 | %
(1)Each counterparty is a large creditworthy financial institution. (2)Includes securities, loans, and REO as well as cash posted as collateral for repurchase agreements. (3)Included in Investment related receivables on the Condensed Consolidated Balance Sheet. |
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 100.00% | 100.00%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | CALIFORNIA |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 41.20% | 43.10%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | Florida [Member] |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 15.00% | 14.80%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | Texas [Member] |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 11.70% | 10.20%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | Colorado [Member] |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 2.60% | 3.10%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | MASSACHUSETTS |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 2.30% | 2.60%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | WASHINGTON |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.60% | 1.40%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | NEVADA |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.80% | 1.90%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | OREGON |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.60% | 2.20%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | ARIZONA |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 2.30% | 2.00%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | UTAH |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 2.60% | 1.70%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | NEW YORK |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.70% | 1.60%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | CONNECTICUT |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.20% | 0.90%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | MARYLAND |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 0.80% | 1.00%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | NORTH CAROLINA |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.60% | 1.10%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | NEW JERSEY |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.00% | 1.40%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | ILLINOIS |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 2.20% | 1.80%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | Other [Member] |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 7.60% | 7.90%
Financing Receivables, Unpaid Principal Balance [Member] | Residential mortgage loans | Geographic Concentration Risk [Member] | GEORGIA |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |
Percentage of Total Outstanding Unpaid Principal Balance | 1.20% | 1.30%

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