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v3.20.2

Long-Term Debt (Details) - USD ($) |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
Dec. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020
Debt Instrument [Line Items] |  |  |  |
Repayments for FHLBC borrowings |  | $ 1,370,000,000 | $ 2,000,000,000.00 |
FHLBC stock | $ 43,393,000 | 5,000,000 | 5,000,000 |
Accrued interest payable | 6,000,000 | 3,000,000 | 3,000,000 |
Notional amount | 13,589,356,000 | 224,803,000 | 224,803,000 |
Accrued interest payable | 60,655,000 | 37,024,000 | 37,024,000 |
Line of Credit | Non-Recourse Business Purpose Loan Financing Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Amount outstanding |  | 355,000,000 | 355,000,000 |
Unamortized debt issuance costs |  | 6,000,000 | 6,000,000 |
Debt instrument face amount |  | 350,000,000 | 350,000,000 |
Maximum borrowing limit |  | 530,000,000 | 530,000,000 |
Line of Credit | Non-Recourse Business Purpose Loan Financing Facility | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Maximum borrowing limit |  | 355,000,000 | 355,000,000 |
Line of Credit | Non-Recourse Business Purpose Loan Financing Facility | Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Maximum borrowing limit |  | $ 175,000,000 | 175,000,000 |
Line of Credit | Non-Recourse Business Purpose Loan Financing Facility | LIBOR |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 7.50% |  |
Reference rate floor |  | 1.50% |  |
Line of Credit | Recourse Business Purpose Loan Financing Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Amount outstanding |  | $ 436,000,000 | 436,000,000 |
Unamortized debt issuance costs |  | 1,000,000 | 1,000,000 |
Debt instrument face amount |  | 435,000,000 | 435,000,000 |
Maximum borrowing limit |  | $ 500,000,000 | 500,000,000 |
Line of Credit | Recourse Business Purpose Loan Financing Facility | LIBOR |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Reference rate floor |  | 1.00% |  |
Line of Credit | Recourse Business Purpose Loan Financing Facility | LIBOR | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 3.50% |  |
Line of Credit | Recourse Business Purpose Loan Financing Facility | LIBOR | Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 4.50% |  |
Line of Credit | Recourse Revolving Debt Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Amount outstanding |  | $ 20,000,000 | 20,000,000 |
Maximum borrowing limit |  | 50,000,000 | 50,000,000 |
Collateral amounts |  | 40,000,000 | $ 40,000,000 |
Line of Credit | Recourse Revolving Debt Facility | LIBOR |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 2.75% |
Bridge Loan | Non-Recourse Business Purpose Loan Financing Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Pledged assets real estate pledged as collateral, at fair value |  | 442,000,000 | $ 442,000,000 |
Bridge Loan | Recourse Business Purpose Loan Financing Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Pledged assets real estate pledged as collateral, at fair value |  | 280,000,000 | 280,000,000 |
Loans Payable | Non-Recourse Business Purpose Loan Financing Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Pledged assets real estate pledged as collateral, at fair value |  | 8,000,000 | 8,000,000 |
Loans Payable | Recourse Business Purpose Loan Financing Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Pledged assets real estate pledged as collateral, at fair value |  | $ 302,000,000 | $ 302,000,000 |
Convertible Debt | Exchangeable Senior Notes Due 2025 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument interest rate |  | 5.75% | 5.75% |
Unamortized debt issuance costs |  | $ 5,000,000 | $ 5,000,000 |
Convertible notes |  | 172,000,000 | 172,000,000 |
Amount of debt repurchased |  | 29,000,000 | 29,000,000 |
Gain (loss) on extinguishment of debt |  | 6,000,000 |  |
Accrued interest payable |  | $ 2,000,000 | $ 2,000,000 |
Convertible Debt | Senior Notes Due 2024 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument interest rate |  | 5.625% | 5.625% |
Unamortized debt issuance costs |  | $ 3,000,000 | $ 3,000,000 |
Convertible notes |  | 150,000,000 | 150,000,000 |
Amount of debt repurchased |  | 50,000,000 | 50,000,000 |
Gain (loss) on extinguishment of debt |  | 9,000,000 |  |
Accrued interest payable |  | 4,000,000 | 4,000,000 |
Unamortized debt discount |  | $ 1,000,000 | $ 1,000,000 |
Convertible Debt | Senior Notes Due 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument interest rate |  | 4.75% | 4.75% |
Unamortized debt issuance costs |  | $ 3,000,000 | $ 3,000,000 |
Convertible notes |  | 199,000,000 | 199,000,000 |
Amount of debt repurchased |  | 46,000,000 | 46,000,000 |
Gain (loss) on extinguishment of debt |  | 10,000,000 |  |
Accrued interest payable |  | 4,000,000 | 4,000,000 |
Trust Preferred Securities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument face amount |  | 100,000,000 | 100,000,000 |
Subordinated Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument face amount |  | 40,000,000 | 40,000,000 |
Trust Preferred Securities and Subordinated Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Accrued interest payable | 1,000,000 | 1,000,000 | 1,000,000 |
FHLB Chicago | FHLB Member Subsidiary |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Federal home loan bank advances outstanding | $ 2,000,000,000.00 | $ 1,000,000 | $ 1,000,000 |
Weighted average interest rate | 1.88% | 0.38% | 0.38% |
Weighted average maturity (in years) | 6 years |  |  |
FHLB Chicago | Redwood | Held-for-sale residential loans | Restricted cash |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Loans pledged as collateral under borrowing agreement with FHLBC |  | $ 1,000,000 | $ 1,000,000 |
Affiliated Entity | Recourse Subordinate Securities Financing Facilities | Non-Marginable Debt Repurchase Agreement One |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument interest rate | 4.21% |  |  |
Amount outstanding |  | 182,000,000 | 182,000,000 |
Unamortized debt issuance costs |  | 1,000,000 | 1,000,000 |
Debt instrument face amount |  | 181,000,000 | 181,000,000 |
Affiliated Entity | Recourse Subordinate Securities Financing Facilities | Non-Marginable Debt Repurchase Agreement Two |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument interest rate |  |  |  | 4.21%
Amount outstanding |  | 103,000,000 | 103,000,000 |
Unamortized debt issuance costs |  | 1,000,000 | 1,000,000 |
Debt instrument face amount |  | 103,000,000 | 103,000,000 |
Affiliated Entity | Sequoia Choice | Recourse Subordinate Securities Financing Facilities | Non-Marginable Debt Repurchase Agreement One |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Pledged assets real estate pledged as collateral, at fair value |  | 223,000,000 | 223,000,000 |
Affiliated Entity | CAFL | Recourse Subordinate Securities Financing Facilities | Non-Marginable Debt Repurchase Agreement Two |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Pledged assets real estate pledged as collateral, at fair value |  | $ 110,000,000 | $ 110,000,000 |

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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