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Investment Securities Available for Sale, at Fair Value - Schedule of Investment Securities Available for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Fair Value Option      
Amortized Cost $ 364,268 $ 412,164  
Unrealized Gains 15,022 15,795  
Unrealized Losses (15,585) (14,517)  
Fair Value 363,705 413,442  
CECL Securities      
Amortized Cost 228,716 310,290  
Unrealized Gains 5,138 6,368  
Unrealized Losses (1,264) (5,374)  
Fair Value 232,590 311,284  
Total CECL Securities and Fair Value Option      
Amortized Cost 592,984 722,454  
Unrealized Gains 20,160 22,163  
Unrealized Losses (16,849) (19,891)  
Fair Value 596,295 724,726  
Consolidated K-Series | VIE, Primary Beneficiary      
Total CECL Securities and Fair Value Option      
IOs and mezzanine securities transferred to available-for-sale securities from consolidated K-series due to de-consolidation     $ 237,300
Agency RMBS      
Fair Value Option      
Amortized Cost 136,491 138,541  
Unrealized Gains 0 854  
Unrealized Losses (4,866) 0  
Fair Value 131,625 139,395  
Non-Agency RMBS      
Fair Value Option      
Amortized Cost 81,451 100,465  
Unrealized Gains 425 170  
Unrealized Losses (10,043) (10,786)  
Fair Value 71,833 89,849  
CECL Securities      
Amortized Cost 196,933 266,855  
Unrealized Gains 3,708 4,336  
Unrealized Losses (867) (5,374)  
Fair Value 199,774 265,817  
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 114,177 139,019  
Unrealized Gains 2,124 5,685  
Unrealized Losses (676) (3,731)  
Fair Value 115,625 140,973  
CECL Securities      
Amortized Cost 31,783 43,435  
Unrealized Gains 1,430 2,032  
Unrealized Losses (397) 0  
Fair Value 32,816 45,467  
CMBS | Consolidated K-Series | VIE, Primary Beneficiary      
Total CECL Securities and Fair Value Option      
IOs and mezzanine securities transferred to available-for-sale securities from consolidated K-series due to de-consolidation 74,000 97,600  
ABS      
Fair Value Option      
Amortized Cost 32,149 34,139  
Unrealized Gains 12,473 9,086  
Unrealized Losses 0 0  
Fair Value $ 44,622 $ 43,225