XML 45 R25.htm IDEA: XBRL DOCUMENT
v3.20.4

Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
--- | ---
Dec. 31, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
Schedule IV - Mortgage Loans on Real Estate | Mortgage Loans on Real Estate December 31, 2020
Asset Type |  | Number |  | Interest Rate |  | Maturity Date Range |  | Balance Sheet Reported Amount |  | Principal Amount of Loans Subject to Delinquent Principal or Interest
(Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
Residential Whole Loans, at Carrying Value |  |  |  |  |  |  |  |  |  |
Original loan balance $0 - $149,999 |  | 3,947 |  |  | 0.00% - 16.00% |  | 9/1/2016-8/25/2058 |  | $ | 347,041 |  |  | $ | 29,614 |
Original loan balance $150,000 - $299,999 |  | 4,341 |  |  | 0.00% - 13.49% |  | 11/1/2018-1/1/2060 |  | 832,365 |  |  | 73,749 |
Original loan balance $300,000 - $449,999 |  | 2,064 |  |  | 1.50% - 9.63% |  | 12/1/2018-5/1/2062 |  | 667,272 |  |  | 65,629 |
Original loan balance greater than $449,999 |  | 2,760 |  |  | 0.88% - 11.25% |  | 12/1/2018-1/1/2061 |  | 2,348,654 |  |  | 286,120 |
|  | 13,112 |  |  |  |  |  |  | $ | 4,195,332 |  | (1) | $ | 455,112 |
Residential Whole Loans, at Fair Value |  |  |  |  |  |  |  |  |  |
Original loan balance $0 - $149,999 |  | 2,044 |  |  | 0.00% - 14.13% |  | 7/26/2016-1/1/2060 |  | $ | 167,671 |  |  | $ | 70,748 |
Original loan balance $150,000 - $299,999 |  | 1,909 |  |  | 1.95% - 11.53% |  | 3/10/2013-7/1/2060 |  | 355,854 |  |  | 167,303 |
Original loan balance $300,000 - $449,999 |  | 1,000 |  |  | 0.00% - 10.75% |  | 5/1/2020-2/1/2060 |  | 313,588 |  |  | 165,901 |
Original loan balance greater than $449,999 |  | 669 |  |  | 1.70% - 10.20% |  | 7/1/2017-11/1/2059 |  | 379,789 |  |  | 221,669 |
|  | 5,622 |  |  |  |  |  |  | $ | 1,216,902 |  |  | $ | 625,621 |
|  | 18,734 |  |  |  |  |  |  | $ | 5,412,234 |  | (2) | $ | 1,080,733 |
(1)Excludes an allowance for loan losses of $86.8 million at December 31, 2020. (2)The federal income tax basis is approximately $3.9 billion. Reconciliation of Balance Sheet Reported Amounts of Mortgage Loans on Real Estate The following table summarizes the changes in the carrying amounts of residential whole loans during the year ended December 31, 2020:
|  | For the Year Ended December 31, 2020
(In Thousands) |  | Residential Whole Loans, at Carrying Value |  | Residential Whole Loans, at Fair Value
Beginning Balance |  | $ | 6,066,345 |  |  | $ | 1,381,583 |
Additions during period: |  |  |  |
Purchases |  | 1,431,673 |  |  | — |
Changes in fair value recorded in Net gain on residential whole loans measured at fair value through earnings |  | N/A |  | 17,204 |
Deductions during period: |  |  |  |
Repayments |  | (1,565,553) |  |  | (92,733) |
Premium amortization/discount accretion, net |  | (11,590) |  |  | N/A
Provision for loan loss |  | (21,447) |  |  | N/A
Loan sales and repurchases |  | (1,766,220) |  |  | (18,530) |
Transfer to REO |  | (24,709) |  |  | (70,622) |
Ending Balance |  | $ | 4,108,499 |  |  | $ | 1,216,902 |

X
- References No definition available. + Details
Name: | srt_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
Name: | srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration