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Fair Value of Financial Instruments - Valuation for Level 3 Assets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period $ 3,471,854 $ 20,659,268
Total gains/(losses) (realized/unrealized)    
Included in earnings 4,929 (143,164)
Transfers in   500,549
Transfers out (1,684) (240,812)
Contributions 161 30,546
Paydowns/Distributions (197,727) (360,913)
Recovery of charge-off   35
Sales (6,633) (17,431,443)
Purchases 347,283 153,821
Balance at the end of period 3,618,183 3,167,887
Consolidated SLST | VIE, Primary Beneficiary | Residential loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 1,266,785 1,328,886
Total gains/(losses) (realized/unrealized)    
Included in earnings (27,057) (89,087)
Transfers in   0
Transfers out 0 0
Contributions 0 0
Paydowns/Distributions (28,220) (21,500)
Recovery of charge-off   0
Sales 0 0
Purchases 0 0
Balance at the end of period 1,211,508 1,218,299
Consolidated K-Series | VIE, Primary Beneficiary | Multi-family loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period   17,816,746
Total gains/(losses) (realized/unrealized)    
Included in earnings   41,795
Transfers in   0
Transfers out   (237,297)
Contributions   0
Paydowns/Distributions   (239,796)
Recovery of charge-off   35
Sales   (17,381,483)
Purchases   0
Balance at the end of period   0
Residential loans | Residential loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 1,090,930 1,429,754
Total gains/(losses) (realized/unrealized)    
Included in earnings 9,386 (94,418)
Transfers in   164,035
Transfers out (989) (3,166)
Contributions 0 0
Paydowns/Distributions (125,646) (84,719)
Recovery of charge-off   0
Sales (4,257) (49,960)
Purchases 347,283 153,821
Balance at the end of period 1,316,707 1,515,347
Residential loans held in securitization trusts | Residential loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 691,451 0
Total gains/(losses) (realized/unrealized)    
Included in earnings 14,123 (1,739)
Transfers in   46,572
Transfers out (695) (349)
Contributions 0 0
Paydowns/Distributions (24,436) (1,500)
Recovery of charge-off   0
Sales (2,376) 0
Purchases 0 0
Balance at the end of period 678,067 42,984
Multi-family loans | Multi-family loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 163,593  
Total gains/(losses) (realized/unrealized)    
Included in earnings 5,077  
Transfers out 0  
Contributions 0  
Paydowns/Distributions (16,834)  
Sales 0  
Purchases 0  
Balance at the end of period 151,836  
Preferred equity and mezzanine loan investments | Multi-family loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period   0
Total gains/(losses) (realized/unrealized)    
Included in earnings   (209)
Transfers in   182,465
Transfers out   0
Contributions   8,440
Paydowns/Distributions   (11,404)
Recovery of charge-off   0
Sales   0
Purchases   0
Balance at the end of period   179,292
Equity investments | Multi-family loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period 259,095 83,882
Total gains/(losses) (realized/unrealized)    
Included in earnings 3,400 494
Transfers in   107,477
Transfers out 0 0
Contributions 161 22,106
Paydowns/Distributions (2,591) (1,994)
Recovery of charge-off   0
Sales 0 0
Purchases 0 0
Balance at the end of period $ 260,065 $ 211,965