XML 41 R35.htm IDEA: XBRL DOCUMENT
v3.20.1

Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] |
Schedule of Assets and Liabilities of Consolidated VIE's | The following table presents a summary of the assets and liabilities of the Company's residential loan securitizations, Consolidated SLST and KRVI of as of March 31, 2020 (dollar amounts in thousands). Intercompany balances have been eliminated for purposes of this presentation.
| Financing VIE |  | Other VIEs |  |
| Residential Loan Securitizations |  | Consolidated SLST |  | Other |  | Total
Cash and cash equivalents | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | 4 |
Residential loans, at fair value | 42,984 |  |  | 1,218,299 |  |  | — |  |  | 1,261,283 |
Receivables and other assets | 3,337 |  |  | 3,772 |  |  | 14,859 |  |  | 21,968 |
Total assets | $ | 46,321 |  |  | $ | 1,222,071 |  |  | $ | 14,863 |  |  | $ | 1,283,255 |
Residential collateralized debt obligations | $ | 38,959 |  |  | $ | — |  |  | $ | — |  |  | $ | 38,959 |
Residential collateralized debt obligations, at fair value | — |  |  | 1,034,992 |  |  | — |  |  | 1,034,992 |
Accrued expenses and other liabilities | 6 |  |  | 2,646 |  |  | 75 |  |  | 2,727 |
Total liabilities | $ | 38,965 |  |  | $ | 1,037,638 |  |  | $ | 75 |  |  | $ | 1,076,678 |
The following table presents a summary of the assets and liabilities of the Company's residential loan securitizations, the Consolidated K-Series, Consolidated SLST and KRVI as of December 31, 2019 (dollar amounts in thousands):
|  | Financing VIE |  | Other VIEs |  |
|  | Residential Loan Securitizations |  | Consolidated K-Series |  | Consolidated SLST |  | Other |  | Total
Cash and cash equivalents |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 107 |  |  | $ | 107 |
Residential loans held in securitization trusts, net |  | 44,030 |  |  | — |  |  | — |  |  | — |  |  | 44,030 |
Residential loans, at fair value |  | — |  |  | — |  |  | 1,328,886 |  |  | — |  |  | 1,328,886 |
Multi-family loans held in securitization trusts, at fair value |  | — |  |  | 17,816,746 |  |  | — |  |  | — |  |  | 17,816,746 |
Receivables and other assets |  | 1,328 |  |  | 59,417 |  |  | 5,244 |  |  | 14,626 |  |  | 80,615 |
Total assets |  | $ | 45,358 |  |  | $ | 17,876,163 |  |  | $ | 1,334,130 |  |  | $ | 14,733 |  |  | $ | 19,270,384 |
Residential collateralized debt obligations |  | $ | 40,429 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 40,429 |
Residential collateralized debt obligations, at fair value |  | — |  |  | — |  |  | 1,052,829 |  |  | — |  |  | 1,052,829 |
Multi-family collateralized debt obligations, at fair value |  | — |  |  | 16,724,451 |  |  | — |  |  | — |  |  | 16,724,451 |
Accrued expenses and other liabilities |  | 14 |  |  | 57,873 |  |  | 2,643 |  |  | 75 |  |  | 60,605 |
Total liabilities |  | $ | 40,443 |  |  | $ | 16,782,324 |  |  | $ | 1,055,472 |  |  | $ | 75 |  |  | $ | 17,878,314 |
The following table presents the carrying value and estimated fair value of the Company’s financial instruments at March 31, 2020 and December 31, 2019, respectively (dollar amounts in thousands):
|  |  | March 31, 2020 |  | December 31, 2019
| Fair Value Hierarchy Level |  | Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | Level 1 |  | $ | 172,513 |  |  | $ | 172,513 |  |  | $ | 118,763 |  |  | $ | 118,763 |
Cash margin (1) | Level 1 |  | 169,484 |  |  | 169,484 |  |  | — |  |  | — |
Receivable for securities sold | Level 1 |  | 213,585 |  |  | 213,585 |  |  | — |  |  | — |
Investment securities available for sale, at fair value | Level 2 |  | 887,308 |  |  | 887,308 |  |  | 2,006,140 |  |  | 2,006,140 |
Residential loans, at fair value |  |  |  |  |  |  |  |  |
Residential loans | Level 3 |  | 1,515,347 |  |  | 1,515,347 |  |  | 1,429,754 |  |  | 1,429,754 |
Consolidated SLST | Level 3 |  | 1,218,299 |  |  | 1,218,299 |  |  | 1,328,886 |  |  | 1,328,886 |
Residential loans held in securitization trusts | Level 3 |  | 42,984 |  |  | 42,984 |  |  | — |  |  | — |
Residential loans, net | Level 3 |  | — |  |  | — |  |  | 202,756 |  |  | 208,471 |
Investments in unconsolidated entities | Level 3 |  | 211,965 |  |  | 211,965 |  |  | 189,965 |  |  | 191,359 |
Preferred equity and mezzanine loan investments | Level 3 |  | 179,292 |  |  | 179,292 |  |  | 180,045 |  |  | 182,465 |
Multi-family loans held in securitization trusts, at fair value | Level 3 |  | — |  |  | — |  |  | 17,816,746 |  |  | 17,816,746 |
Derivative assets | Level 2 |  | — |  |  | — |  |  | 15,878 |  |  | 15,878 |
Loans held for sale, net (1) | Level 3 |  | — |  |  | — |  |  | 2,406 |  |  | 2,482 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Repurchase agreements | Level 2 |  | 1,428,124 |  |  | 1,428,124 |  |  | 3,105,416 |  |  | 3,105,416 |
Residential collateralized debt obligations | Level 3 |  | 38,959 |  |  | 35,029 |  |  | 40,429 |  |  | 38,888 |
Multi-family collateralized debt obligations, at fair value | Level 3 |  | — |  |  | — |  |  | 16,724,451 |  |  | 16,724,451 |
Residential collateralized debt obligations, at fair value | Level 3 |  | 1,034,992 |  |  | 1,034,992 |  |  | 1,052,829 |  |  | 1,052,829 |
Subordinated debentures | Level 3 |  | 45,000 |  |  | 12,451 |  |  | 45,000 |  |  | 41,592 |
Convertible notes | Level 2 |  | 133,534 |  |  | 76,794 |  |  | 132,955 |  |  | 140,865 |
(1) | Included in receivables and other assets in the accompanying condensed consolidated balance sheets.
Schedule of Classification and Carrying Value of Unconsolidated VIEs |
| December 31, 2019
| Investment securities available for sale, at fair value |  | Preferred equity and mezzanine loan investments |  | Investments in unconsolidated entities |  | Total
ABS | $ | 49,214 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,214 |
Preferred equity investments in multi-family properties | — |  |  | 173,825 |  |  | 106,083 |  |  | 279,908 |
Mezzanine loans on multi-family properties | — |  |  | 6,220 |  |  | — |  |  | 6,220 |
Equity investments in entities that invest in residential properties and loans | — |  |  | — |  |  | 65,572 |  |  | 65,572 |
Total assets | $ | 49,214 |  |  | $ | 180,045 |  |  | $ | 171,655 |  |  | $ | 400,914 |
The following tables present the classification and carrying value of unconsolidated VIEs as of March 31, 2020 and December 31, 2019, respectively (dollar amounts in thousands):
| March 31, 2020
| Investment securities available for sale, at fair value |  | Preferred equity and mezzanine loan investments |  | Investments in unconsolidated entities |  | Total
ABS | $ | 42,344 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,344 |
Preferred equity investments in multi-family properties | — |  |  | 173,863 |  |  | 126,865 |  |  | 300,728 |
Mezzanine loans on multi-family properties | — |  |  | 5,429 |  |  | — |  |  | 5,429 |
Equity investments in entities that invest in residential properties and loans | — |  |  | — |  |  | 66,790 |  |  | 66,790 |
Total assets | $ | 42,344 |  |  | $ | 179,292 |  |  | $ | 193,655 |  |  | $ | 415,291 |

X
- Definition Table disclosure of classification and carrying value of unconsolidated VIEs. + References No definition available. + Details
Name: | nymt_ScheduleOfClassificationAndCarryingValueOfUnconsolidatedVIEsTableTextBlock
Namespace Prefix: | nymt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration