XML 23 R50.htm IDEA: XBRL DOCUMENT v3.20.1
Residential Whole Loans (Additional Credit Related Information) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 $ 353,190    
2019 2,436,830    
2018 1,133,547    
2017 126,445    
2016 16,273    
Prior 902,298    
Residential whole loans, at carrying value, total or weighted average 4,968,583    
Gross write-offs, 2018 334    
Gross write-offs, prior 313    
Net write-offs, 2018 334    
Net write-offs, 2018 313    
Three Months Ended March 31, 2020 Gross write-offs 647 $ 512  
Three Months Ended March 31, 2020 Net write-offs 647    
Purchased Performing Loans $ 5,189,634   $ 5,370,653
Ratio Loan-To-Value 80.00%    
Debt-to-Value Ratio, Less than 80 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 $ 322,615    
2019 2,372,063    
2018 1,099,660    
2017 115,251    
2016 12,350    
Prior 587,392    
Residential whole loans, at carrying value, total or weighted average 4,509,331    
Debt-to-Value Ratio, 80 to 100 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 30,575    
2019 64,767    
2018 33,887    
2017 11,194    
2016 3,923    
Prior 314,906    
Residential whole loans, at carrying value, total or weighted average 459,252    
Non-QM Loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 275,473    
2019 1,364,836    
2018 821,944    
2017 101,808    
2016 9,205    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 2,573,266    
Loan held for sale, amortized cost 965,500    
Purchased Performing Loans 3,538,725   3,707,245
Non-QM Loans | Debt-to-Value Ratio, Less than 80 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 252,458    
2019 1,331,053    
2018 790,056    
2017 92,314    
2016 9,055    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 2,474,936    
Non-QM Loans | Debt-to-Value Ratio, 80 to 100 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 23,015    
2019 33,783    
2018 31,888    
2017 9,494    
2016 150    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 98,330    
Rehabilitation loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 53,518    
2019 753,382    
2018 162,122    
2017 9,943    
2016 0    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 978,965    
Gross write-offs, 2018 334    
Gross write-offs, prior 94    
Net write-offs, 2018 334    
Net write-offs, 2018 94    
Three Months Ended March 31, 2020 Gross write-offs 428    
Three Months Ended March 31, 2020 Net write-offs 428    
Purchased Performing Loans 978,965   1,026,097
Rehabilitation loans | Debt-to-Value Ratio, Less than 80 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 48,534    
2019 735,912    
2018 160,334    
2017 8,243    
2016 0    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 953,023    
Rehabilitation loans | Debt-to-Value Ratio, 80 to 100 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 4,984    
2019 17,470    
2018 1,788    
2017 1,700    
2016 0    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 25,942    
Single-family rental loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 24,199    
2019 318,612    
2018 149,481    
2017 14,060    
2016 0    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 506,352    
Purchased Performing Loans 506,352   460,742
Single-family rental loans | Debt-to-Value Ratio, Less than 80 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 21,623    
2019 305,098    
2018 149,270    
2017 14,060    
2016 0    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 490,051    
Single-family rental loans | Debt-to-Value Ratio, 80 to 100 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 2,576    
2019 13,514    
2018 211    
2017 0    
2016 0    
Prior 0    
Residential whole loans, at carrying value, total or weighted average 16,301    
Seasoned performing loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 0    
2019 0    
2018 0    
2017 0    
2016 81    
Prior 165,511    
Residential whole loans, at carrying value, total or weighted average 165,592    
Purchased Performing Loans 165,592   176,569
Seasoned performing loans | Debt-to-Value Ratio, Less than 80 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 0    
2019 0    
2018 0    
2017 0    
2016 81    
Prior 156,733    
Residential whole loans, at carrying value, total or weighted average 156,814    
Seasoned performing loans | Debt-to-Value Ratio, 80 to 100 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 0    
2019 0    
2018 0    
2017 0    
2016 0    
Prior 8,778    
Residential whole loans, at carrying value, total or weighted average 8,778    
Purchased Credit Deteriorated Loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 0    
2019 0    
2018 0    
2017 634    
2016 6,987    
Prior 736,787    
Residential whole loans, at carrying value, total or weighted average 744,408    
Gross write-offs, prior 219    
Net write-offs, 2018 219    
Three Months Ended March 31, 2020 Gross write-offs 219    
Three Months Ended March 31, 2020 Net write-offs 219    
Purchased Credit Deteriorated Loans | Debt-to-Value Ratio, Less than 80 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 0    
2019 0    
2018 0    
2017 634    
2016 3,214    
Prior 430,659    
Residential whole loans, at carrying value, total or weighted average 434,507    
Purchased Credit Deteriorated Loans | Debt-to-Value Ratio, 80 to 100 Percent      
Financing Receivable, Credit Quality Indicator [Line Items]      
2020 0    
2019 0    
2018 0    
2017 0    
2016 3,773    
Prior 306,128    
Residential whole loans, at carrying value, total or weighted average 309,901    
Settled Whole Loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
Residential whole loans, at carrying value, total or weighted average 5,716,031   6,066,345
Settled Whole Loans | Non-QM Loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
Purchased Performing Loans $ 3,434,894   $ 3,706,857
Ratio Loan-To-Value 66.00%   67.00%
Settled Whole Loans | Rehabilitation loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
Purchased Performing Loans $ 943,332   $ 1,023,766
Ratio Loan-To-Value 64.00%   64.00%
Settled Whole Loans | Single-family rental loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
Purchased Performing Loans $ 498,921   $ 460,679
Ratio Loan-To-Value 70.00%   70.00%
Settled Whole Loans | Seasoned performing loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
Purchased Performing Loans $ 165,343   $ 176,569
Ratio Loan-To-Value 42.00%   46.00%
Settled Whole Loans | Certain Rehabilitation Loans      
Financing Receivable, Credit Quality Indicator [Line Items]      
Purchased Performing Loans $ 259,400   $ 269,200
Ratio Loan-To-Value 68.00%   69.00%