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v3.21.2

Residential Whole Loans (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | $ 63,244 | $ 86,833 | $ 218,011 | $ 3,025 | $ 86,833
Transition adjustment on adoption of ASU 2016-13 |  |  |  | 70,555 | 70,600
Current provision | (8,583) | (22,372) | (10,614) | 74,897 |
Write-offs | (400) | (1,217) | (627) | (647) | (1,617)
Valuation adjustment on loans held for sale |  |  | 70,181 | (70,181) |
Ending balance | 54,261 | 63,244 | 136,589 | 218,011 | 54,261
Loans | 3,470,385 |  |  |  | 3,470,385
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 | 14,545 | 21,068 | 103,831 | 388 | 21,068
Transition adjustment on adoption of ASU 2016-13 |  |  |  | 6,904 |
Current provision | (2,416) | (6,523) | (2,297) | 26,358 |
Write-offs | (37) | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  |  | 70,181 | (70,181) |
Ending balance | 12,092 | 14,545 | 31,353 | 103,831 | 12,092
Rehabilitation loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 13,668 | 18,371 | 35,633 | 2,331 | 18,371
Transition adjustment on adoption of ASU 2016-13 |  |  |  | 517 |
Current provision | (1,809) | (3,700) | (5,213) | 33,213 |
Write-offs | (255) | (1,003) | (420) | (428) |
Valuation adjustment on loans held for sale |  |  | 0 | 0 |
Ending balance | 11,604 | 13,668 | 30,000 | 35,633 | 11,604
Loans | 120,400 |  | 181,800 |  | 120,400
Single-family rental loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 2,746 | 3,918 | 7,431 | 62 | 3,918
Transition adjustment on adoption of ASU 2016-13 |  |  |  | 754 |
Current provision | (386) | (1,172) | (500) | 6,615 |
Write-offs | 0 | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  |  | 0 | 0 |
Ending balance | 2,360 | 2,746 | 6,931 | 7,431 | 2,360
Seasoned performing loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 66 | 107 | 249 | 0 | 107
Transition adjustment on adoption of ASU 2016-13 |  |  |  | 19 |
Current provision | (9) | (41) | (25) | 230 |
Write-offs | 0 | 0 | 0 | 0 |
Valuation adjustment on loans held for sale |  |  | 0 | 0 |
Ending balance | 57 | 66 | 224 | 249 | 57
Purchased credit deteriorated loans |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Beginning balance | 32,219 | 43,369 | 70,867 | 244 | 43,369
Transition adjustment on adoption of ASU 2016-13 |  |  |  | 62,361 |
Current provision | (3,963) | (10,936) | (2,579) | 8,481 |
Write-offs | (108) | (214) | (207) | (219) |
Valuation adjustment on loans held for sale |  |  | 0 | 0 |
Ending balance | 28,148 | $ 32,219 | 68,081 | $ 70,867 | 28,148
Loans | 83,100 |  | 100,000 |  | 83,100
Unfunded Loan Commitment |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |  |  |
Ending balance | 512 |  | 2,100 |  | 512
Commitment to lend, unfunded | $ 40,300 |  | $ 94,500 |  | $ 40,300

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