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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 ($)
securitization
Sep. 30, 2019
USD ($)
securitization
Sep. 30, 2018
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents $ 103,724 $ 65,906 $ 57,471
Multi-family loans held in securitization trusts, at fair value 11,679,847 15,863,264  
Real estate held for sale in consolidated variable interest entities 29,704 0  
Receivables and other assets 114,821 205,642  
Total Assets [1] 14,737,638 19,759,249  
Securitized debt 42,335 0  
Mortgages and notes payable in consolidated variable interest entities 31,227 935  
Accrued expenses and other liabilities 101,228 153,722  
Total Liabilities [1] 13,557,345 17,912,250  
Class A Notes | Collateralized Mortgage Obligations      
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 42,119  
Multi-family collateralized debt obligations, at fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 11,022,248 14,978,199  
Residential Mortgage Loan Securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 0 0  
Receivables and other assets 1,061 1,274  
Total Assets 57,856 46,946  
Accrued expenses and other liabilities 26 35  
Total Liabilities 53,066 42,154  
Residential Mortgage Loan Securitization | Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 53,040 42,119  
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 45,672  
Consolidated K-Series      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 0 0  
Receivables and other assets 37,679 51,950  
Total Assets 10,610,455 15,915,214  
Accrued expenses and other liabilities 37,022 50,783  
Total Liabilities 10,022,666 15,028,982  
Consolidated K-Series | Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations   0  
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 14,978,199  
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 15,863,264  
Other      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 708 656  
Real estate held for sale in consolidated variable interest entities 29,704    
Receivables and other assets 23,254 14,098  
Total Assets 53,666 14,754  
Mortgages and notes payable in consolidated variable interest entities 31,227 935  
Accrued expenses and other liabilities 1,166 120  
Total Liabilities 32,393 1,055  
Other | Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations   0  
Financing And Other VIEs      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 708 656  
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 67,322  
Total Assets 11,984,374 15,976,914  
Securitized debt 42,335    
Mortgages and notes payable in consolidated variable interest entities 31,227 935  
Accrued expenses and other liabilities 42,886 50,938  
Total Liabilities 11,191,736 15,072,191  
Financing And Other VIEs | Residential collateralized debt obligations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 53,040 42,119  
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 14,978,199  
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 45,672  
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 $ 15,863,264  
Multi-family CMBS Re-securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 0    
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]      
Cash and cash equivalents 0    
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    
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 12  
[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, 2019 and December 31, 2018, assets of consolidated VIEs totaled $15,976,914 and $11,984,374, respectively, and the liabilities of consolidated VIEs totaled $15,072,191 and $11,191,736, respectively. See Note 9 for further discussion.