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Carrying Values and Estimated Fair Values of Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013
--- | --- | ---
Assets |  |  |  |
Trading securities | $ 108,750 |  | $ 124,555 |
Available-for-sale securities | 1,286,235 |  | 1,558,306 |
MSRs | 135,152 |  | 64,824 |
Derivative assets | 7,756 |  | 7,787 |
Liabilities |  |  |  |
Derivative liabilities | 38,263 |  | 18,167 |
Long/Other Long-term debt | 66,146 |  | 0 |
Carrying Value |  |  |  |
Assets |  |  |  |
Trading securities | 108,750 |  | 124,555 |
Available-for-sale securities | 1,286,235 |  | 1,558,306 |
MSRs | 135,152 |  | 64,824 |
Cash and cash equivalents | 149,617 |  | 173,201 |
Restricted cash | 455 |  | 398 |
Accrued interest receivable | 15,261 |  | 13,475 |
Derivative assets | 7,756 |  | 7,787 |
REO | 3,349 | [1] | 3,661 | [1]
Margin receivable | 56,217 | [1] | 31,149 | [1]
Other collateral posted | 5,000 | [1] | 5,000 | [1]
Liabilities |  |  |  |
Short-term debt | 1,887,688 |  | 862,763 |
Accrued interest payable | 10,480 |  | 6,366 |
Derivative liabilities | 38,263 |  | 18,167 |
ABS issued | 1,656,202 |  | 1,942,962 |
FHLBC Borrowings | 203,756 |  |  |
Commercial long-term debt |  |  | 49,467 |
Convertible notes | 287,500 |  | 287,500 |
Long/Other Long-term debt | 139,500 |  | 139,500 |
Carrying Value | Residential Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,501,252 |  | 402,602 |
Carrying Value | Residential Loans at Lower of Cost or Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,502 |  | 1,665 |
Carrying Value | Residential Loans Held For Investment at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 238,326 |  |  |
Carrying Value | Residential Loans Held for Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 1,546,507 |  | 1,762,167 |
Carrying Value | Commercial Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 175,421 |  | 89,111 |
Carrying Value | Commercial Loans Held For Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 70,712 |  |  |
Carrying Value | Commercial Loans Held-for-Investment, at Amortized Cost |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 322,576 |  | 343,344 |
Carrying Value | Commercial Secured Borrowings |  |  |  |
Liabilities |  |  |  |
Long/Other Long-term debt | 66,146 |  |  |
Fair Value |  |  |  |
Assets |  |  |  |
Trading securities | 108,750 |  | 124,555 |
Available-for-sale securities | 1,286,235 |  | 1,558,306 |
MSRs | 135,152 |  | 64,824 |
Cash and cash equivalents | 149,617 |  | 173,201 |
Restricted cash | 455 |  | 398 |
Accrued interest receivable | 15,261 |  | 13,475 |
Derivative assets | 7,756 |  | 7,787 |
REO | 3,407 | [1] | 4,084 | [1]
Margin receivable | 56,217 | [1] | 31,149 | [1]
Other collateral posted | 5,000 | [1] | 5,000 | [1]
Liabilities |  |  |  |
Short-term debt | 1,887,688 |  | 862,763 |
Accrued interest payable | 10,480 |  | 6,366 |
Derivative liabilities | 38,263 |  | 18,167 |
ABS issued | 1,548,795 |  | 1,746,906 |
FHLBC Borrowings | 203,756 |  |  |
Commercial long-term debt |  |  | 49,467 |
Convertible notes | 285,344 |  | 299,719 |
Long/Other Long-term debt | 101,835 |  | 111,600 |
Fair Value | Residential Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,501,252 |  | 402,602 |
Fair Value | Residential Loans at Lower of Cost or Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,662 |  | 1,817 |
Fair Value | Residential Loans Held For Investment at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 238,326 |  |  |
Fair Value | Residential Loans Held for Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 1,447,463 |  | 1,610,024 |
Fair Value | Commercial Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 175,421 |  | 89,111 |
Fair Value | Commercial Loans Held For Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 70,712 |  |  |
Fair Value | Commercial Loans Held-for-Investment, at Amortized Cost |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 328,076 |  | 348,305 |
Fair Value | Commercial Secured Borrowings |  |  |  |
Liabilities |  |  |  |
Long/Other Long-term debt | $ 66,146 |  |  |
[1] | These assets are included in Other Assets on our consolidated balance sheets.

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