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v3.20.2

Residential Whole Loans (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | $ 136,589 | $ 218,011 | $ 3,025 | $ 1,986 | $ 1,651 | $ 968 | $ 3,025
Transition adjustment on adoption of ASU 2016-13 |  |  | 70,555 |  |  |  | 70,600
Current provision | (30,062) | (10,614) | 74,897 | 347 | 385 | 683 |
Write-offs | (281) | (627) | (647) | (62) | (50) | 0 | (1,555)
Valuation adjustment on loans held for sale |  | (70,181) | 70,181 |  |  |  |
Ending balance | 106,246 | 136,589 | 218,011 | 2,271 | 1,986 | 1,651 | 106,246
Residential whole loans, at carrying value | 4,493,806 |  |  |  |  |  | 4,493,806
Gross up of the amortized cost basis of Purchased Credit Deteriorated Loans |  |  |  |  |  |  | 62,400
Non-QM Loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 31,353 | 103,831 | 388 | 0 | 0 | 0 | 388
Transition adjustment on adoption of ASU 2016-13 |  |  | 6,904 |  |  |  |
Current provision | (4,568) | (2,297) | 26,358 | 0 | 0 | 0 |
Write-offs | (32) | 0 | 0 | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  | (70,181) | 70,181 |  |  |  |
Ending balance | 26,753 | 31,353 | 103,831 | 0 | 0 | 0 | 26,753
Rehabilitation loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 30,000 | 35,633 | 2,331 | 450 | 500 | 0 | 2,331
Transition adjustment on adoption of ASU 2016-13 |  |  | 517 |  |  |  |
Current provision | (7,140) | (5,213) | 33,213 | 0 | 0 | 500 |
Write-offs | (227) | (420) | (428) | (62) | (50) | 0 |
Valuation adjustment on loans held for sale |  | 0 | 0 |  |  |  |
Ending balance | 22,633 | 30,000 | 35,633 | 388 | 450 | 500 | 22,633
Residential whole loans, at carrying value | 143,400 |  |  |  |  |  | 143,400
Single-family rental loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 6,931 | 7,431 | 62 | 0 | 0 | 0 | 62
Transition adjustment on adoption of ASU 2016-13 |  |  | 754 |  |  |  |
Current provision | (1,906) | (500) | 6,615 | 0 | 0 | 0 |
Write-offs | 0 | 0 | 0 | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  | 0 | 0 |  |  |  |
Ending balance | 5,025 | 6,931 | 7,431 | 0 | 0 | 0 | 5,025
Seasoned performing loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 224 | 249 | 0 | 0 | 0 | 0 | 0
Transition adjustment on adoption of ASU 2016-13 |  |  | 19 |  |  |  |
Current provision | (74) | (25) | 230 | 0 | 0 | 0 |
Write-offs | 0 | 0 | 0 | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  | 0 | 0 |  |  |  |
Ending balance | 150 | 224 | 249 | 0 | 0 | 0 | 150
Purchased Credit Deteriorated Loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Beginning balance | 68,081 | 70,867 | 244 | 1,536 | 1,151 | 968 | 244
Transition adjustment on adoption of ASU 2016-13 |  |  | 62,361 |  |  |  |
Current provision | (16,374) | (2,579) | 8,481 | 347 | 385 | 183 |
Write-offs | (22) | (207) | (219) | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  | 0 | 0 |  |  |  |
Ending balance | 51,685 | $ 68,081 | $ 70,867 | $ 1,883 | $ 1,536 | $ 1,151 | 51,685
Residential whole loans, at carrying value | 72,700 |  |  |  |  |  | 72,700
Unfunded Loan Commitment |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Ending balance | 1,600 |  |  |  |  |  | 1,600
Commitment to lend, unfunded | 73,200 |  |  |  |  |  | 73,200
Non-QM Loans |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |  |  |
Write-offs |  |  |  |  |  |  | (32)
Residential whole loans, at carrying value | $ 2,465,148 |  |  |  |  |  | $ 2,465,148

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