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Use of Special Purpose Entities and Variable Interest Entities - Assets and Liabilities of Consolidated VIEs (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2016
USD ($)
Sep. 30, 2017
USD ($)
securitization
Sep. 30, 2017
USD ($)
securitization
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
securitization
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Cash and cash equivalents   $ 101,904 $ 101,904   $ 83,554
Investment securities available for sale   674,161 674,161   818,976
Multi-family loans held in securitization trusts, at fair value   8,399,334 8,399,334   6,939,844
Real estate held for sale in consolidated variable interest entities   64,097 64,097   0
Receivables and other assets   123,944 123,944   138,323
Total Assets [1]   10,264,922 10,264,922   8,951,631
Securitized debt   98,371 98,371   158,867
Mortgages and notes payable in consolidated variable interest entities   57,342 57,342   1,588
Accrued expenses and other liabilities   71,394 71,394   64,381
Total Liabilities [1]   9,418,917 9,418,917   8,100,469
Repayments of secured debt     62,098 $ 53,354  
Collateralized Mortgage Obligations | Class A Notes          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Proceeds from issuance of secured debt   $ 177,500 177,500   $ 177,500
Available-for-sale securities, debt securities, ownership percentage   5.00%     5.00%
Residential collateralized debt obligations          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   $ 76,867 76,867   $ 91,663
Repayments of secured debt     14,856 20,736  
Multi-family collateralized debt obligations, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   7,990,619 7,990,619   6,624,896
Collateralized Loan Obligation          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Repayments of secured debt $ 55,900   104,958 $ 91,901  
Residential mortgage loans held in securitization trusts (net)          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Residential mortgage loans held in securitization trusts (net)   79,875 79,875   95,144
Multi-family CMBS Re-securitization          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Investment securities available for sale   46,623 46,623   43,897
Receivables and other assets   4,217 4,217   4,420
Total Assets   1,225,181 1,225,181   1,245,152
Securitized debt   28,946 28,946   28,332
Accrued expenses and other liabilities   4,200 4,200   4,400
Total Liabilities   1,145,797 1,145,797   1,169,734
Multi-family CMBS Re-securitization | Multi-family collateralized debt obligations, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   1,112,651 1,112,651   1,137,002
Multi-family CMBS Re-securitization | Multi-family loans held in securitization trusts, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Multi-family loans held in securitization trusts, at fair value   1,174,341 1,174,341   1,196,835
Distressed Residential Mortgage Loan Securitizations          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Receivables and other assets   19,795 19,795   13,610
Total Assets   153,767 153,767   208,957
Securitized debt   69,425 69,425   130,535
Accrued expenses and other liabilities   1,766 1,766   1,336
Total Liabilities   71,191 71,191   131,871
Distressed Residential Mortgage Loan Securitizations | Distressed residential mortgage loans held in securitization trust (net)          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Residential mortgage loans held in securitization trusts (net)   133,972 133,972   195,347
Residential Mortgage Loan Securitization          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Receivables and other assets   1,585 1,585   912
Total Assets   81,460 81,460   96,056
Accrued expenses and other liabilities   22 22   20
Total Liabilities   76,889 76,889   91,683
Residential Mortgage Loan Securitization | Residential collateralized debt obligations          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   76,867 76,867   91,663
Residential Mortgage Loan Securitization | Residential mortgage loans held in securitization trusts (net)          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Residential mortgage loans held in securitization trusts (net)   79,875 79,875   95,144
Multi-family CMBS          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Receivables and other assets   23,959 23,959   19,753
Total Assets   7,248,952 7,248,952   5,762,762
Accrued expenses and other liabilities   23,733 23,733   19,753
Total Liabilities   6,901,701 6,901,701   5,507,647
Multi-family CMBS | Multi-family collateralized debt obligations, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   6,877,968 6,877,968   5,487,894
Multi-family CMBS | Multi-family loans held in securitization trusts, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Multi-family loans held in securitization trusts, at fair value   7,224,993 7,224,993   5,743,009
Other          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Cash and cash equivalents   1,194 1,194   186
Real estate held for sale in consolidated variable interest entities   64,097 64,097    
Receivables and other assets   24,701 24,701   17,759
Total Assets   89,992 89,992   17,945
Mortgages and notes payable in consolidated variable interest entities   57,342 57,342   1,588
Accrued expenses and other liabilities   2,621 2,621   13
Total Liabilities   59,963 59,963   1,601
Financing and Non-Financing VIEs          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Cash and cash equivalents   1,194 1,194   186
Investment securities available for sale   46,623 46,623   43,897
Real estate held for sale in consolidated variable interest entities   64,097 64,097    
Receivables and other assets   74,257 74,257   56,454
Total Assets   8,799,352 8,799,352   7,330,872
Securitized debt   98,371 98,371   158,867
Mortgages and notes payable in consolidated variable interest entities   57,342 57,342   1,588
Accrued expenses and other liabilities   32,342 32,342   25,522
Total Liabilities   8,255,541 8,255,541   6,902,536
Financing and Non-Financing VIEs | Residential collateralized debt obligations          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   76,867 76,867   91,663
Financing and Non-Financing VIEs | Multi-family collateralized debt obligations, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Collateralized debt obligations   7,990,619 7,990,619   6,624,896
Financing and Non-Financing VIEs | Residential mortgage loans held in securitization trusts (net)          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Residential mortgage loans held in securitization trusts (net)   79,875 79,875   95,144
Financing and Non-Financing VIEs | Distressed residential mortgage loans held in securitization trust (net)          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Residential mortgage loans held in securitization trusts (net)   133,972 133,972   195,347
Financing and Non-Financing VIEs | Multi-family loans held in securitization trusts, at fair value          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Multi-family loans held in securitization trusts, at fair value   $ 8,399,334 $ 8,399,334   $ 6,939,844
Multi-family collateralized mortgage backed securities | K-Series          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Number of securitizations | securitization   2 2   2
Number of consolidated securitizations | securitization   1 1   1
Non-Financings, Multi-Family CMBS | K-Series          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Number of securitizations, non-financing VIE's | securitization   5 5   4
Collateralized Recourse Financing | Collateralized Loan Obligation | K-Series          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Number of securitizations | securitization         3
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of September 30, 2017 and December 31, 2016, assets of consolidated VIEs totaled $8,799,352 and $7,330,872, respectively, and the liabilities of consolidated VIEs totaled $8,255,541 and $6,902,536, respectively. See Note 10 for further discussion.