XML 75 R63.htm IDEA: XBRL DOCUMENT v3.21.2
Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Variable Interest Entity [Line Items]        
Interest income $ 145,722 $ 121,982 $ 412,722 $ 450,009
Interest expense (103,754) (100,411) (314,371) (349,748)
Net Interest Income 41,968 21,571 98,351 100,261
Investment fair value changes, net 26,077 107,047 120,644 (611,557)
Total non-interest income (loss), net 98,331 166,930 346,993 (552,648)
General and administrative expenses (47,692) (27,630) (131,837) (84,832)
Net Income (Loss) 88,286 141,812 275,568 (636,142)
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 96,090 89,912 289,878 303,264
Interest expense (72,205) (66,756) (217,994) (235,932)
Net Interest Income 23,885 23,156 71,884 67,332
Investment fair value changes, net 18,380 101,420 78,323 (189,448)
Other income 10   10  
Total non-interest income (loss), net 18,390 101,420 78,333 (189,448)
General and administrative expenses (60) (41) (150) (784)
Other expenses (149) 471 591 (346)
Net Income (Loss) 42,066 124,064 149,476 (122,554)
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 1,042 1,795 3,559 7,674
Interest expense (641) (1,059) (2,271) (5,099)
Net Interest Income 401 736 1,288 2,575
Investment fair value changes, net (247) (81) (1,162) (702)
Other income 0   0  
Total non-interest income (loss), net (247) (81) (1,162) (702)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 154 655 126 1,873
Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 18,867 20,919 48,842 68,566
Interest expense (15,368) (17,828) (38,848) (58,455)
Net Interest Income 3,499 3,091 9,994 10,111
Investment fair value changes, net 3,314 7,851 13,118 (22,065)
Other income 0   0  
Total non-interest income (loss), net 3,314 7,851 13,118 (22,065)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 6,813 10,942 23,112 (11,954)
CAFL | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 48,723 36,181 152,445 99,169
Interest expense (37,415) (26,383) (118,469) (72,768)
Net Interest Income 11,308 9,798 33,976 26,401
Investment fair value changes, net 2,943 9,692 6,354 (41,841)
Other income 10   10  
Total non-interest income (loss), net 2,953 9,692 6,364 (41,841)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 14,261 19,490 40,340 (15,440)
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 18,707 21,696 58,372 64,869
Interest expense (13,303) (15,473) (41,698) (47,495)
Net Interest Income 5,404 6,223 16,674 17,374
Investment fair value changes, net 13,849 82,214 54,282 (33,081)
Other income 0   0  
Total non-interest income (loss), net 13,849 82,214 54,282 (33,081)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 19,253 88,437 70,956 (15,707)
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 4,846 4,918 14,492 49,960
Interest expense (4,460) (4,426) (13,294) (47,154)
Net Interest Income 386 492 1,198 2,806
Investment fair value changes, net 554 2,166 11,330 (82,744)
Other income 0   0  
Total non-interest income (loss), net 554 2,166 11,330 (82,744)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) 940 2,658 12,528 (79,938)
Servicing Investment | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 3,905 4,403 12,168 13,026
Interest expense (1,018) (1,587) (3,414) (4,961)
Net Interest Income 2,887 2,816 8,754 8,065
Investment fair value changes, net (2,080) (422) (5,646) (9,015)
Other income 0   0  
Total non-interest income (loss), net (2,080) (422) (5,646) (9,015)
General and administrative expenses (60) (41) (150) (784)
Other expenses (149) 471 591 (346)
Net Income (Loss) 598 1,882 2,367 (1,388)
Point HEI | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 0 0 0 0
Interest expense 0 0 0 0
Net Interest Income 0 0 0 0
Investment fair value changes, net 47 0 47 0
Other income 0   0  
Total non-interest income (loss), net 47 0 47 0
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net Income (Loss) $ 47 $ 0 $ 47 $ 0