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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 6 Months Ended
Mar. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Mar. 31, 2020
Fair Value Option        
Amortized Cost   $ 374,734 $ 412,164  
Unrealized Gains $ 15,795 19,533    
Unrealized Losses (14,517) (12,127)    
Fair Value   382,140 413,442  
CECL Securities        
Amortized Cost   217,818 310,290  
Unrealized Gains   8,476 6,368  
Unrealized Losses   (1,027) (5,374)  
Fair Value   225,267 311,284  
Total CECL Securities and Fair Value Option        
Amortized Cost   592,552 722,454  
Unrealized Gains   28,009 22,163  
Unrealized Losses   (13,154) (19,891)  
Fair Value   607,407 724,726  
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   134,461 138,541  
Unrealized Gains 854 0    
Unrealized Losses 0 (3,162)    
Fair Value   131,299 139,395  
Non-Agency RMBS        
Fair Value Option        
Amortized Cost   100,379 100,465  
Unrealized Gains 170 674    
Unrealized Losses (10,786) (8,560)    
Fair Value   92,493 89,849  
CECL Securities        
Amortized Cost   189,398 266,855  
Unrealized Gains   6,742 4,336  
Unrealized Losses   (645) (5,374)  
Fair Value   195,495 265,817  
Non-Agency RMBS | Non Agency RMBS Held In Securitization Trust        
Fair Value Option        
Fair Value     37,600  
CECL Securities        
Amortized Cost     71,500  
CMBS        
Fair Value Option        
Amortized Cost   111,977 139,019  
Unrealized Gains 5,685 4,156    
Unrealized Losses (3,731) (405)    
Fair Value   115,728 140,973  
CECL Securities        
Amortized Cost   28,420 43,435  
Unrealized Gains   1,734 2,032  
Unrealized Losses   (382) 0  
Fair Value   29,772 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   72,600 97,600  
ABS        
Fair Value Option        
Amortized Cost   27,917 34,139  
Unrealized Gains 9,086 14,703    
Unrealized Losses $ 0 0    
Fair Value   $ 42,620 $ 43,225