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Investment Securities Available For Sale, at Fair Value - Summary (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Mar. 31, 2020
Fair Value Option      
Amortized Cost $ 412,164 $ 244,735  
Unrealized Gains 15,795 2,998  
Unrealized Losses (14,517) (2,405)  
Fair Value 413,442 245,328  
CECL Securities      
Amortized Cost 310,290 1,735,680  
Unrealized Gains 6,368 32,723  
Unrealized Losses (5,374) (7,591)  
Fair Value 311,284 1,760,812  
Debt securities, available-for-sale, CECL and fair value option, amortized cost 722,454 1,980,415  
Debt securities, available-for-sale, CECL and fair value option, accumulated gross unrealized gain, before tax 22,163 35,721  
Debt Securities, Available-For-Sale, CECL And Fair Value Option, Accumulated Gross Unrealized Loss, before Tax (19,891) (9,996)  
Debt securities, available-for-sale, CECL and fair value option 724,726 $ 2,006,140  
Consolidated K-Series | VIE, Primary Beneficiary      
CECL Securities      
IOs and mezzanine securities transferred to available-for-sale securities from consolidated K-series due to de-consolidation     $ 237,300
Agency ARMs      
CECL Securities      
Weighted average reset period   26 months  
Agency RMBS:      
Fair Value Option      
Amortized Cost 138,541 $ 21,033  
Unrealized Gains 854 0  
Unrealized Losses 0 (55)  
Fair Value 139,395 20,978  
CECL Securities      
Amortized Cost 0 901,943  
Unrealized Gains 0 7,410  
Unrealized Losses 0 (7,454)  
Fair Value 0 901,899  
Agency RMBS: | Agency ARMs      
CECL Securities      
Amortized Cost 0 55,740  
Unrealized Gains 0 13  
Unrealized Losses 0 (1,347)  
Fair Value 0 54,406  
Agency RMBS: | Agency Fixed-Rate      
Fair Value Option      
Amortized Cost 138,541 21,033  
Unrealized Gains 854 0  
Unrealized Losses 0 (55)  
Fair Value 139,395 20,978  
CECL Securities      
Amortized Cost 0 846,203  
Unrealized Gains 0 7,397  
Unrealized Losses 0 (6,107)  
Fair Value 0 847,493  
Agency CMBS      
Fair Value Option      
Amortized Cost 0 31,076  
Unrealized Gains 0 0  
Unrealized Losses 0 (395)  
Fair Value 0 30,681  
CECL Securities      
Amortized Cost 0 20,258  
Unrealized Gains 0 19  
Unrealized Losses 0 0  
Fair Value 0 20,277  
Total Agency      
Fair Value Option      
Amortized Cost 138,541 52,109  
Unrealized Gains 854 0  
Unrealized Losses 0 (450)  
Fair Value 139,395 51,659  
CECL Securities      
Amortized Cost 0 922,201  
Unrealized Gains 0 7,429  
Unrealized Losses 0 (7,454)  
Fair Value 0 922,176  
Non-Agency RMBS      
Fair Value Option      
Amortized Cost 100,465 122,628  
Unrealized Gains 170 2,435  
Unrealized Losses (10,786) (1,248)  
Fair Value 89,849 123,815  
CECL Securities      
Amortized Cost 266,855 578,955  
Unrealized Gains 4,336 12,557  
Unrealized Losses (5,374) (13)  
Fair Value 265,817 591,499  
Non-Agency RMBS | Non Agency RMBS Held In Securitization Trust      
Fair Value Option      
Fair Value 37,600    
CECL Securities      
Fair Value 71,500    
CMBS      
Fair Value Option      
Amortized Cost 139,019 20,096  
Unrealized Gains 5,685 563  
Unrealized Losses (3,731) (19)  
Fair Value 140,973 20,640  
CECL Securities      
Amortized Cost 43,435 234,524  
Unrealized Gains 2,032 12,737  
Unrealized Losses 0 (124)  
Fair Value 45,467 247,137  
CMBS | Consolidated K-Series | VIE, Primary Beneficiary      
CECL Securities      
IOs and mezzanine securities transferred to available-for-sale securities from consolidated K-series due to de-consolidation 97,600    
ABS      
Fair Value Option      
Amortized Cost 34,139 49,902  
Unrealized Gains 9,086 0  
Unrealized Losses 0 (688)  
Fair Value $ 43,225 $ 49,214