XML 58 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investments Fair Value Changes, Net (Tables)
 9 Months Ended
Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Investments Fair Value Changes
The following table presents the components of Investment fair value changes, net, recorded in our consolidated statements of income for the three and nine months ended September 30, 2016 and 2015.
Table 19.1 – Investment Fair Value Changes
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In Thousands)
 
2016
 
2015
 
2016
 
2015
Investment Fair Value Changes, Net
 
 
 
 
 
 
 
 
Changes in fair value of:
 
 
 
 
 
 
 
 
Residential loans held-for-investment, at Redwood
 
$
(655
)
 
$
9,077

 
$
22,161

 
$
5,170

Trading securities
 
8,898

 
(8,784
)
 
3,728

 
(1,587
)
Net investments in consolidated Sequoia entities
 
(255
)
 
(500
)
 
(2,086
)
 
(2,277
)
Risk sharing investments
 
15

 
(1,098
)
 
(689
)
 
(1,799
)
Risk management derivatives
 
4,222

 
(12,638
)
 
(41,188
)
 
(16,386
)
Valuation adjustments on commercial loans
held-for-sale
 
(307
)
 
—

 
(307
)
 
—

Impairments on AFS securities
 
—

 
(226
)
 
(305
)
 
(226
)
Investment Fair Value Changes, Net
 
$
11,918

 
$
(14,169
)
 
$
(18,686
)
 
$
(17,105
)