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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Assets and Liabilities of Consolidated VIEs (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
securitization
Jun. 30, 2019
USD ($)
securitization
Jun. 30, 2018
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents $ 103,724 $ 134,993 $ 84,717
Multi-family loans held in securitization trusts, at fair value 11,679,847 14,573,925  
Real estate held for sale in consolidated variable interest entities 29,704 0  
Receivables and other assets 114,821 135,845  
Total Assets [1] 14,737,638 18,265,484  
Securitized debt 42,335 0  
Mortgages and notes payable in consolidated variable interest entities 31,227 3,986  
Accrued expenses and other liabilities 101,228 134,615  
Total Liabilities [1] 13,557,345 16,737,802  
Collateralized Mortgage Obligations | Class A Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Proceeds from issuance of secured debt $ 177,500    
Percentage of ownership 5.00%    
Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations $ 53,040 45,280  
Multi-family collateralized debt obligations, at fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 11,022,248 13,772,726  
Residential Mortgage Loan Securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Receivables and other assets 1,061 1,302  
Total Assets 57,856 50,101  
Accrued expenses and other liabilities 26 40  
Total Liabilities 53,066 45,320  
Residential Mortgage Loan Securitization | Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 53,040 45,280  
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 56,795 48,799  
Consolidated K-Series      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Receivables and other assets 37,679 48,958  
Total Assets 10,610,455 14,622,883  
Accrued expenses and other liabilities 37,022 47,921  
Total Liabilities 10,022,666 13,820,647  
Consolidated K-Series | Multi-family collateralized debt obligations, at fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 9,985,644 13,772,726  
Consolidated K-Series | 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 10,572,776 14,573,925  
Other      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 708 1,513  
Real estate held for sale in consolidated variable interest entities 29,704    
Receivables and other assets 23,254 16,984  
Total Assets 53,666 18,497  
Mortgages and notes payable in consolidated variable interest entities 31,227 3,986  
Accrued expenses and other liabilities 1,166 111  
Total Liabilities 32,393 4,097  
Multi-family CMBS Re-securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Investment securities available for sale 52,700    
Receivables and other assets 4,243    
Total Assets 1,164,014    
Securitized debt 30,121    
Accrued expenses and other liabilities 4,228    
Total Liabilities $ 1,070,953    
Multi-family CMBS Re-securitization | Consolidated K-Series      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Number of securitizations | securitization 2    
Number of consolidated securitizations | securitization 1    
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 $ 1,036,604    
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 1,107,071    
Distressed Residential Mortgage Loan Securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Receivables and other assets 10,287    
Total Assets 98,383    
Securitized debt 12,214    
Accrued expenses and other liabilities 444    
Total Liabilities 12,658    
Distressed Residential Mortgage Loan Securitization | Distressed 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 88,096    
Financing And Other VIEs      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 708 1,513  
Investment securities available for sale 52,700    
Real estate held for sale in consolidated variable interest entities 29,704    
Receivables and other assets 76,524 67,244  
Total Assets 11,984,374 14,691,481  
Securitized debt 42,335    
Mortgages and notes payable in consolidated variable interest entities 31,227 3,986  
Accrued expenses and other liabilities 42,886 48,072  
Total Liabilities 11,191,736 13,870,064  
Financing And Other VIEs | Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 53,040 45,280  
Financing And Other VIEs | Multi-family collateralized debt obligations, at fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 11,022,248 13,772,726  
Financing And Other 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 56,795 48,799  
Financing And Other VIEs | Distressed 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 88,096    
Financing And Other 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 $ 11,679,847 $ 14,573,925  
Non-Financings, Multi-Family CMBS | Consolidated K-Series      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Number of securitizations, non-financing VIE's | securitization 8 11  
[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 June 30, 2019 and December 31, 2018, assets of consolidated VIEs totaled $14,691,481 and $11,984,374, respectively, and the liabilities of consolidated VIEs totaled $13,870,064 and $11,191,736, respectively. See Note 9 for further discussion.