XML 96 R82.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total other income, net $ 1,654 $ 1,874 $ 1,911 $ 2,830
Gain on re-measurement of 5 Arches investment 0 0 2,441 0
Total Market Valuation Gains, Net 16,732 8,536 48,172 34,136
Mortgage Banking Activities, Net        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 15,730 9,514 27,420 35,752
Mortgage Banking Activities, Net | Residential loans, at fair value        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 3,379 6,122 6,912 10,896
Mortgage Banking Activities, Net | Residential loan purchase and forward sale commitments        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 16,888 (2,758) 28,199 (9,726)
Mortgage Banking Activities, Net | Single-family rental loans held-for-sale, at fair value        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 1,313 0 2,917 0
Mortgage Banking Activities, Net | Single-family rental loan purchase commitments        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 569 0 709 0
Mortgage Banking Activities, Net | Residential bridge loans        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 1,012 0 1,098 0
Mortgage Banking Activities, Net | Risk management derivatives, net        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (7,431) 6,150 (12,415) 34,582
Investment Fair Value Changes, Net        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 3,138 889 23,297 2,498
Investment Fair Value Changes, Net | Risk management derivatives, net        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (64,740) 16,742 (107,115) 60,524
Investment Fair Value Changes, Net | Residential loans held-for-investment, at Redwood        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 35,548 (15,010) 63,656 (53,995)
Investment Fair Value Changes, Net | Residential bridge loans held-for-investment        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (318) 0 (621) 0
Investment Fair Value Changes, Net | Trading securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 18,442 (930) 40,302 (3,885)
Investment Fair Value Changes, Net | Servicer advance investments        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 432 0 1,440 0
Investment Fair Value Changes, Net | Excess MSRs        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (65) 0 (502) 0
Investment Fair Value Changes, Net | REO        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (139) 0 (139) 0
Investment Fair Value Changes, Net | Legacy Sequoia        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (123) (720) (497) (728)
Investment Fair Value Changes, Net | Sequoia Choice        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 2,879 1,072 6,144 986
Investment Fair Value Changes, Net | Freddie Mac SLST        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 8,037 0 14,402 0
Investment Fair Value Changes, Net | Freddie Mac K-Series        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 3,246 0 6,365 0
Investment Fair Value Changes, Net | Risk-sharing investments        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net (61) (209) (138) (348)
Investment Fair Value Changes, Net | Impairments on AFS securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Market valuations gains and losses, net 0 (56) 0 (56)
Other Income (Expense), Net        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total other income, net (2,136) (1,867) (2,545) (4,114)
Other Income (Expense), Net | Risk management derivatives, net        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total other income, net 6,517 (1,122) 8,768 (6,261)
Gain on re-measurement of 5 Arches investment 0 0 2,440 0
Other Income (Expense), Net | MSRs        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total other income, net $ (8,653) $ (745) $ (13,753) $ 2,147