XML 75 R65.htm IDEA: XBRL DOCUMENT v3.22.2
Principles of Consolidation - Income (Loss) from Consolidated VIEs Accounted for as Collateralized Financing Entities (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Variable Interest Entity [Line Items]        
Interest income $ 167,455 $ 138,695 $ 356,855 $ 267,000
Interest expense (126,967) (108,065) (263,265) (210,617)
Net Interest Income 40,488 30,630 93,590 56,383
Investment fair value changes, net (87,972) 49,480 (94,092) 94,567
Total non-interest (loss) income, net (110,983) 114,409 (92,224) 248,662
General and administrative expenses (31,966) (40,594) (66,820) (84,145)
Net (Loss) Income (99,966) 90,025 (69,051) 187,282
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 118,492 98,917 258,808 193,788
Interest expense (90,784) (77,529) (198,254) (151,376)
Net Interest Income 27,708 21,388 60,554 42,412
Investment fair value changes, net (67,765) 44,238 (66,394) 59,943
Other income 255   345  
Total non-interest (loss) income, net (67,510) 44,238 (66,049) 59,943
General and administrative expenses (44) (52) (75) (90)
Other expenses (235) (112) (786) (442)
Net (Loss) Income (40,081) 65,462 (6,356) 101,823
Legacy Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 1,108 1,169 2,120 2,517
Interest expense (967) (755) (1,668) (1,630)
Net Interest Income 141 414 452 887
Investment fair value changes, net (336) (216) (1,050) (915)
Other income 0   0  
Total non-interest (loss) income, net (336) (216) (1,050) (915)
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net (Loss) Income (195) 198 (598) (28)
Sequoia | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 31,923 14,492 64,021 29,975
Interest expense (28,329) (11,374) (56,500) (23,480)
Net Interest Income 3,594 3,118 7,521 6,495
Investment fair value changes, net (5,886) 4,906 (9,708) 9,804
Other income 0   0  
Total non-interest (loss) income, net (5,886) 4,906 (9,708) 9,804
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net (Loss) Income (2,292) 8,024 (2,187) 16,299
CAFL | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 56,608 54,849 133,942 103,722
Interest expense (41,923) (43,201) (100,403) (81,054)
Net Interest Income 14,685 11,648 33,539 22,668
Investment fair value changes, net (22,109) 3,697 (19,445) 3,411
Other income 255   345  
Total non-interest (loss) income, net (21,854) 3,697 (19,100) 3,411
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net (Loss) Income (7,169) 15,345 14,439 26,079
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 16,553 19,506 33,753 39,665
Interest expense (13,372) (16,611) (27,457) (33,982)
Net Interest Income 3,181 2,895 6,296 5,683
Investment fair value changes, net (35,940) 36,316 (32,904) 40,433
Other income 0   0  
Total non-interest (loss) income, net (35,940) 36,316 (32,904) 40,433
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net (Loss) Income (32,759) 39,211 (26,608) 46,116
Freddie Mac K-Series | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 4,732 4,860 9,485 9,646
Interest expense (4,351) (4,478) (8,722) (8,834)
Net Interest Income 381 382 763 812
Investment fair value changes, net (190) 1,855 74 10,776
Other income 0   0  
Total non-interest (loss) income, net (190) 1,855 74 10,776
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net (Loss) Income 191 2,237 837 11,588
Servicing Investment | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Interest income 7,568 4,041 15,487 8,263
Interest expense (1,842) (1,110) (3,504) (2,396)
Net Interest Income 5,726 2,931 11,983 5,867
Investment fair value changes, net (4,505) (2,320) (7,973) (3,566)
Other income 0   0  
Total non-interest (loss) income, net (4,505) (2,320) (7,973) (3,566)
General and administrative expenses (44) (52) (75) (90)
Other expenses (235) (112) (786) (442)
Net (Loss) Income 942 447 3,149 1,769
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 1,201 0 4,612 0
Other income 0   0  
Total non-interest (loss) income, net 1,201 0 4,612 0
General and administrative expenses 0 0 0 0
Other expenses 0 0 0 0
Net (Loss) Income $ 1,201 $ 0 $ 4,612 $ 0