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Principles of Consolidation (Tables) | 6 Months Ended
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Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Consolidated VIEs | The following table presents a summary of the assets and liabilities of these VIEs. Table 4.1 – Assets and Liabilities of Consolidated VIEs Accounted for as Collateralized Financing Entities
June 30, 2021 |  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Servicing Investment |  | Total Consolidated VIEs
(Dollars in Thousands) |  |  |  |  |  |  |
Residential loans, held-for-investment |  | $ | 260,875 |  |  | $ | 2,222,553 |  |  | $ | — |  |  | $ | 2,098,624 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,582,052 |
Business purpose loans, held-for-investment |  | — |  |  | — |  |  | 3,263,878 |  |  | — |  |  | — |  |  | — |  |  | 3,263,878 |
Multifamily loans, held-for-investment |  | — |  |  | — |  |  | — |  |  | — |  |  | 485,157 |  |  | — |  |  | 485,157 |
Other investments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 202,369 |  |  | 202,369 |
Cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,459 |  |  | 12,459 |
Restricted cash |  | 148 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,028 |  |  | 19,176 |
Accrued interest receivable |  | 258 |  |  | 7,559 |  |  | 13,102 |  |  | 6,325 |  |  | 1,326 |  |  | 1,606 |  |  | 30,176 |
Other assets |  | 659 |  |  | — |  |  | 12,596 |  |  | 1,636 |  |  | — |  |  | 6,277 |  |  | 21,168 |
Total Assets |  | $ | 261,940 |  |  | $ | 2,230,112 |  |  | $ | 3,289,576 |  |  | $ | 2,106,585 |  |  | $ | 486,483 |  |  | $ | 241,739 |  |  | $ | 8,616,435 |
Short-term debt |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 163,629 |  |  | $ | 163,629 |
Accrued interest payable |  | 124 |  |  | 5,521 |  |  | 10,183 |  |  | 4,490 |  |  | 1,200 |  |  | 94 |  |  | 21,612 |
Accrued expenses and other liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,360 |  |  | 16,360 |
Asset-backed securities issued |  | 258,211 |  |  | 1,990,548 |  |  | 3,007,596 |  |  | 1,650,087 |  |  | 454,324 |  |  | — |  |  | 7,360,766 |
Total Liabilities |  | $ | 258,335 |  |  | $ | 1,996,069 |  |  | $ | 3,017,779 |  |  | $ | 1,654,577 |  |  | $ | 455,524 |  |  | $ | 180,083 |  |  | $ | 7,562,367 |
Number of VIEs |  | 20 |  |  | 12 |  |  | 14 |  |  | 3 |  |  | 1 |  |  | 3 |  |  | 53 |
December 31, 2020 |  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Servicing Investment |  | Total Consolidated VIEs
(Dollars in Thousands) |  |  |  |  |  |  |
Residential loans, held-for-investment |  | $ | 285,935 |  |  | $ | 1,565,322 |  |  | $ | — |  |  | $ | 2,221,153 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,072,410 |
Business purpose loans, held-for-investment |  | — |  |  | — |  |  | 3,249,194 |  |  | — |  |  | — |  |  | — |  |  | 3,249,194 |
Multifamily loans, held-for-investment |  | — |  |  | — |  |  | — |  |  | — |  |  | 492,221 |  |  | — |  |  | 492,221 |
Other investments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 251,773 |  |  | 251,773 |
Cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,579 |  |  | 11,579 |
Restricted cash |  | 148 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,220 |  |  | 23,368 |
Accrued interest receivable |  | 305 |  |  | 6,802 |  |  | 13,055 |  |  | 6,754 |  |  | 1,337 |  |  | 2,334 |  |  | 30,587 |
Other assets |  | 638 |  |  | — |  |  | 2,930 |  |  | 646 |  |  | — |  |  | 5,723 |  |  | 9,937 |
Total Assets |  | $ | 287,026 |  |  | $ | 1,572,124 |  |  | $ | 3,265,179 |  |  | $ | 2,228,553 |  |  | $ | 493,558 |  |  | $ | 294,629 |  |  | $ | 8,141,069 |
Short-term debt |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 208,375 |  |  | $ | 208,375 |
Accrued interest payable |  | 141 |  |  | 4,697 |  |  | 10,278 |  |  | 4,846 |  |  | 1,177 |  |  | 135 |  |  | 21,274 |
Accrued expenses and other liabilities |  | — |  |  | 50 |  |  | — |  |  | — |  |  | — |  |  | 18,353 |  |  | 18,403 |
Asset-backed securities issued |  | 282,326 |  |  | 1,347,357 |  |  | 3,013,093 |  |  | 1,793,620 |  |  | 463,966 |  |  | — |  |  | 6,900,362 |
Total Liabilities |  | $ | 282,467 |  |  | $ | 1,352,104 |  |  | $ | 3,023,371 |  |  | $ | 1,798,466 |  |  | $ | 465,143 |  |  | $ | 226,863 |  |  | $ | 7,148,414 |
Number of VIEs |  | 20 |  |  | 10 |  |  | 14 |  |  | 2 |  |  | 1 |  |  | 3 |  |  | 50 |
The following table presents income (loss) from these VIEs for the three and six months ended June 30, 2021 and 2020. Table 4.2 – Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities
|  | Three Months Ended June 30, 2021
|  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Servicing Investment |  | Total Consolidated VIEs
(Dollars in Thousands) |  |  |  |  |  |  |
Interest income |  | $ | 1,169 |  |  | $ | 14,492 |  |  | $ | 54,849 |  |  | $ | 19,506 |  |  | $ | 4,860 |  |  | $ | 4,041 |  |  | $ | 98,917 |
Interest expense |  | (755) |  |  | (11,374) |  |  | (43,201) |  |  | (13,927) |  |  | (4,478) |  |  | (1,110) |  |  | (74,845) |
Net interest income |  | 414 |  |  | 3,118 |  |  | 11,648 |  |  | 5,579 |  |  | 382 |  |  | 2,931 |  |  | 24,072 |
Non-interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment fair value changes, net |  | (216) |  |  | 4,906 |  |  | 3,697 |  |  | 36,316 |  |  | 1,855 |  |  | (2,320) |  |  | 44,238 |
Total non-interest income, net |  | (216) |  |  | 4,906 |  |  | 3,697 |  |  | 36,316 |  |  | 1,855 |  |  | (2,320) |  |  | 44,238 |
General and administrative expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (52) |  |  | (52) |
Other expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (112) |  |  | (112) |
Income from Consolidated VIEs |  | $ | 198 |  |  | $ | 8,024 |  |  | $ | 15,345 |  |  | $ | 41,895 |  |  | $ | 2,237 |  |  | $ | 447 |  |  | $ | 68,146 |
|  | Six Months Ended June 30, 2021
|  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Servicing Investment |  | Total Consolidated VIEs
(Dollars in Thousands) |  |  |  |  |  |  |
Interest income |  | $ | 2,517 |  |  | $ | 29,975 |  |  | $ | 103,722 |  |  | $ | 39,665 |  |  | $ | 9,646 |  |  | $ | 8,263 |  |  | $ | 193,788 |
Interest expense |  | (1,630) |  |  | (23,480) |  |  | (81,054) |  |  | (28,395) |  |  | (8,834) |  |  | (2,396) |  |  | (145,789) |
Net interest income |  | 887 |  |  | 6,495 |  |  | 22,668 |  |  | 11,270 |  |  | 812 |  |  | 5,867 |  |  | 47,999 |
Non-interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment fair value changes, net |  | (915) |  |  | 9,804 |  |  | 3,411 |  |  | 40,433 |  |  | 10,776 |  |  | (3,566) |  |  | 59,943 |
Total non-interest income, net |  | (915) |  |  | 9,804 |  |  | 3,411 |  |  | 40,433 |  |  | 10,776 |  |  | (3,566) |  |  | 59,943 |
General and administrative expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (90) |  |  | (90) |
Other expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (442) |  |  | (442) |
Income (Loss) from Consolidated VIEs |  | $ | (28) |  |  | $ | 16,299 |  |  | $ | 26,079 |  |  | $ | 51,703 |  |  | $ | 11,588 |  |  | $ | 1,769 |  |  | $ | 107,410 |
|  | Three Months Ended June 30, 2020
|  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Servicing Investment |  | Total Consolidated VIEs
(Dollars in Thousands) |  |  |  |  |  |  |
Interest income |  | $ | 2,685 |  |  | $ | 22,564 |  |  | $ | 32,978 |  |  | $ | 21,187 |  |  | $ | 4,870 |  |  | $ | 4,540 |  |  | $ | 88,824 |
Interest expense |  | (1,518) |  |  | (19,117) |  |  | (24,446) |  |  | (15,846) |  |  | (4,380) |  |  | (1,797) |  |  | (67,104) |
Net interest income |  | 1,167 |  |  | 3,447 |  |  | 8,532 |  |  | 5,341 |  |  | 490 |  |  | 2,743 |  |  | 21,720 |
Non-interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment fair value changes, net |  | (230) |  |  | 39,752 |  |  | 16,313 |  |  | 26,866 |  |  | 1,599 |  |  | 3,291 |  |  | 87,591 |
Total non-interest income, net |  | (230) |  |  | 39,752 |  |  | 16,313 |  |  | 26,866 |  |  | 1,599 |  |  | 3,291 |  |  | 87,591 |
General and administrative expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (712) |  |  | (712) |
Other expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,065) |  |  | (1,065) |
Income from Consolidated VIEs |  | $ | 937 |  |  | $ | 43,199 |  |  | $ | 24,845 |  |  | $ | 32,207 |  |  | $ | 2,089 |  |  | $ | 4,257 |  |  | $ | 107,534 |
|  | Six Months Ended June 30, 2020
|  | Legacy Sequoia |  | Sequoia |  | CAFL |  | Freddie Mac SLST |  | Freddie Mac K-Series |  | Servicing Investment |  | Total Consolidated VIEs
(Dollars in Thousands) |  |  |  |  |  |  |
Interest income |  | $ | 5,879 |  |  | $ | 47,647 |  |  | $ | 62,988 |  |  | $ | 43,173 |  |  | $ | 45,042 |  |  | $ | 8,623 |  |  | $ | 213,352 |
Interest expense |  | (4,040) |  |  | (40,627) |  |  | (46,385) |  |  | (32,022) |  |  | (42,728) |  |  | (3,374) |  |  | (169,176) |
Net interest income |  | 1,839 |  |  | 7,020 |  |  | 16,603 |  |  | 11,151 |  |  | 2,314 |  |  | 5,249 |  |  | 44,176 |
Non-interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment fair value changes, net |  | (621) |  |  | (29,916) |  |  | (51,533) |  |  | (115,295) |  |  | (84,910) |  |  | (8,593) |  |  | (290,868) |
Total non-interest income, net |  | (621) |  |  | (29,916) |  |  | (51,533) |  |  | (115,295) |  |  | (84,910) |  |  | (8,593) |  |  | (290,868) |
General and administrative expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (743) |  |  | (743) |
Other expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 817 |  |  | 817 |
Income (Loss) from Consolidated VIEs |  | $ | 1,218 |  |  | $ | (22,896) |  |  | $ | (34,930) |  |  | $ | (104,144) |  |  | $ | (82,596) |  |  | $ | (3,270) |  |  | $ | (246,618) |
Securitization Activity Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood | The following table presents information related to securitization transactions that occurred during the three and six months ended June 30, 2021 and 2020. Table 4.3 – Securitization Activity Related to Unconsolidated VIEs Sponsored by Redwood
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In Thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Principal balance of loans transferred |  | $ | 355,924 |  |  | $ | — |  |  | $ | 1,231,803 |  |  | $ | 1,573,703 |
Trading securities retained, at fair value |  | 1,225 |  |  | — |  |  | 7,774 |  |  | 43,362 |
AFS securities retained, at fair value |  | 522 |  |  | — |  |  | 1,600 |  |  | 3,198 |
Cash Flows Related to Unconsolidated Variable Interest Entity's Sponsored by Redwood | The following table summarizes the cash flows during the three and six months ended June 30, 2021 and 2020 between us and the unconsolidated VIEs sponsored by us and accounted for as sales since 2012. Table 4.4 – Cash Flows Related to Unconsolidated VIEs Sponsored by Redwood
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In Thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Proceeds from new transfers |  | $ | 361,673 |  |  | $ | — |  |  | $ | 1,266,063 |  |  | $ | 1,610,761 |
MSR fees received |  | 1,336 |  |  | 2,475 |  |  | 2,943 |  |  | 5,165 |
Funding of compensating interest, net |  | (70) |  |  | (205) |  |  | (170) |  |  | (297) |
Cash flows received on retained securities |  | 16,764 |  |  | 6,788 |  |  | 25,393 |  |  | 13,369 |
Assumptions Related to Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood | The following table presents the key weighted-average assumptions used to value securities retained at the date of securitization for securitizations completed during the three and six months ended June 30, 2021 and 2020. Table 4.5 – Assumptions Related to Assets Retained from Unconsolidated VIEs Sponsored by Redwood
|  |  |  | Three Months Ended June 30, 2021 |  |  |  | Three Months Ended June 30, 2020
At Date of Securitization |  |  |  | Senior IO Securities |  | Subordinate Securities |  |  |  | Senior IO Securities |  | Subordinate Securities
Prepayment rates |  |  |  | 8 % |  | 8 % |  |  |  | N/A |  | N/A
Discount rates |  |  |  | 15 % |  | 7 % |  |  |  | N/A |  | N/A
Credit loss assumptions |  |  |  | 0.25 % |  | 0.25 % |  |  |  | N/A |  | N/A
|  |  |  | Six Months Ended June 30, 2021 |  |  |  | Six Months Ended June 30, 2020
At Date of Securitization |  |  |  | Senior IO Securities |  | Subordinate Securities |  |  |  | Senior IO Securities |  | Subordinate Securities
Prepayment rates |  |  |  | 11 | % |  | 11 % |  |  |  | 41 | % |  | 13 | %
Discount rates |  |  |  | 15 % |  | 6 % |  |  |  | 16 | % |  | 6 | %
Credit loss assumptions |  |  |  | 0.23 % |  | 0.23 % |  |  |  | 0.21 | % |  | 0.22 | %
Unconsolidated Variable Interest Entity's Sponsored by Redwood | The following table presents additional information at June 30, 2021 and December 31, 2020, related to unconsolidated VIEs sponsored by Redwood and accounted for as sales since 2012. Table 4.6 – Unconsolidated VIEs Sponsored by Redwood
(In Thousands) |  | June 30, 2021 |  | December 31, 2020
On-balance sheet assets, at fair value: |  |  |  |
Interest-only, senior and subordinate securities, classified as trading |  | $ | 20,527 |  |  | $ | 20,982 |
Subordinate securities, classified as AFS |  | 140,321 |  |  | 136,475 |
Mortgage servicing rights |  | 6,496 |  |  | 8,413 |
Maximum loss exposure (1) |  | $ | 167,344 |  |  | $ | 165,870 |
Assets transferred: |  |  |  |
Principal balance of loans outstanding |  | $ | 6,326,188 |  |  | $ | 7,728,432 |
Principal balance of loans 30+ days delinquent |  | 58,362 |  |  | 138,029 |
(1)Maximum loss exposure from our involvement with unconsolidated VIEs pertains to the carrying value of our securities and MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization.
Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood | The following table presents key economic assumptions for assets retained from unconsolidated VIEs and the sensitivity of their fair values to immediate adverse changes in those assumptions at June 30, 2021 and December 31, 2020. Table 4.7 – Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated VIEs Sponsored by Redwood
June 30, 2021 |  | MSRs |  | Senior Securities (1) |  | Subordinate Securities
(Dollars in Thousands) |  |  |
Fair value at June 30, 2021 |  | $ | 6,496 |  |  | $ | 20,527 |  |  | $ | 140,321 |
Expected life (in years) (2) |  | 2 |  | 4 |  | 8
Prepayment speed assumption (annual CPR) (2) |  | 38 % |  | 25 | % |  | 33 %
Decrease in fair value from: |  |  |  |  |  |
10% adverse change |  | $ | 613 |  |  | $ | 1,374 |  |  | $ | 238 |
25% adverse change |  | 1,422 |  |  | 3,120 |  |  | 440 |
Discount rate assumption (2) |  | 12 % |  | 18 | % |  | 3.5 | %
Decrease in fair value from: |  |  |  |  |  |
100 basis point increase |  | $ | 139 |  |  | $ | 462 |  |  | $ | 10,058 |
200 basis point increase |  | 271 |  |  | 900 |  |  | 19,174 |
Credit loss assumption (2) |  | N/A |  | 0.39 | % |  | 0.39 | %
Decrease in fair value from: |  |  |  |  |  |
10% higher losses |  | N/A |  | $ | — |  |  | $ | 2,671 |
25% higher losses |  | N/A |  | — |  |  | 6,384 |
December 31, 2020 |  | MSRs |  | Senior Securities (1) |  | Subordinate Securities
(Dollars in Thousands) |  |  |
Fair value at December 31, 2020 |  | $ | 8,413 |  |  | $ | 17,333 |  |  | $ | 140,124 |
Expected life (in years) (2) |  | 2 |  | 3 |  | 8
Prepayment speed assumption (annual CPR) (2) |  | 37 | % |  | 31 | % |  | 33 | %
Decrease in fair value from: |  |  |  |  |  |
10% adverse change |  | $ | 906 |  |  | $ | 1,557 |  |  | $ | 452 |
25% adverse change |  | 2,058 |  |  | 3,754 |  |  | 2,298 |
Discount rate assumption (2) |  | 12 | % |  | 21 | % |  | 5 | %
Decrease in fair value from: |  |  |  |  |  |
100 basis point increase |  | $ | 196 |  |  | $ | 337 |  |  | $ | 9,769 |
200 basis point increase |  | 380 |  |  | 659 |  |  | 18,650 |
Credit loss assumption (2) |  | N/A |  | 0.41 | % |  | 0.41 | %
Decrease in fair value from: |  |  |  |  |  |
10% higher losses |  | N/A |  | $ | — |  |  | $ | 2,409 |
25% higher losses |  | N/A |  | — |  |  | 5,915 |
(1)Senior securities included $21 million and $17 million of interest-only securities at June 30, 2021 and December 31, 2020, respectively. (2)Expected life, prepayment speed assumption, discount rate assumption, and credit loss assumption presented in the tables above represent weighted averages.
Schedule of Third-Party Sponsored VIE Summary | The following table presents a summary of our interests in third-party VIEs at June 30, 2021 and December 31, 2020, grouped by asset type. Table 4.8 – Third-Party Sponsored VIE Summary
(In Thousands) |  | June 30, 2021 |  | December 31, 2020
Mortgage-Backed Securities |  |  |  |
Senior |  | $ | 4,740 |  |  | $ | 11,131 |
Mezzanine |  | — |  |  | 2,014 |
Subordinate |  | 189,298 |  |  | 173,523 |
Total Mortgage-Backed Securities |  | 194,038 |  |  | 186,668 |
Excess MSR |  | 12,170 |  |  | 14,133 |
Total Investments in Third-Party Sponsored VIEs |  | $ | 206,208 |  |  | $ | 200,801 |

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- Definition Cash Flows between a transferor and a transferee attributable to transferred assets related to either a securitization 0r asset-backed financing arrangement in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). + References No definition available. + Details
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- Definition Schedule of Third-Party Sponsored VIE Summary [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of a transferor's continuing involvement with financial assets transferred to a transferee in a securitization, asset-backed financing arrangement, or similar transfer. Such disclosure would, at a minimum, contain information allowing for an assessment of the reasons for the transferor's continuing involvement, the risks related to the transferred financial assets to which the transferor continues to be exposed, and the extent of change to the transferor's risk profile due to the transfer (including, but not limited to, credit risk, interest rate risk, other). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719 + Details
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- Definition Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719 + Details
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- Definition Tabular disclosure of amounts pertaining to the excess over or deficiency from the carrying amounts of financial assets which are recognized upon the sale of financial assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719 + Details
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- Definition Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719 + Details
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