XML 89 R79.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value of Financial Instruments - Valuation for Level 3 Assets (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 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 38,670 (20,886)
Transfers in   500,793
Transfers out (2,674) (241,599)
Transfers to securitization trust 0  
Contributions 320 30,546
Paydowns/Distributions (561,143) (456,191)
Recovery of charge-off   35
Sales (17,944) (17,475,238)
Purchases 605,076 156,639
Balance at the end of period 3,534,159 3,153,367
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 (21,788) (15,279)
Transfers in   0
Transfers out 0 0
Transfers to securitization trust 0  
Contributions 0 0
Paydowns/Distributions (68,458) (38,757)
Recovery of charge-off   0
Sales 0 0
Purchases 0 0
Balance at the end of period 1,176,539 1,274,850
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 14,494 (55,144)
Transfers in   164,279
Transfers out (1,259) (3,953)
Transfers to securitization trust (160,623)  
Contributions 0 0
Paydowns/Distributions (306,209) (155,135)
Recovery of charge-off   0
Sales (15,568) (93,755)
Purchases 605,076 156,639
Balance at the end of period 1,226,841 1,442,685
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 21,105 (1,730)
Transfers in   46,572
Transfers out (1,415) (349)
Transfers to securitization trust 160,623  
Contributions 0 0
Paydowns/Distributions (70,025) (3,800)
Recovery of charge-off   0
Sales (2,376) 0
Purchases 0 0
Balance at the end of period 799,363 40,693
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 10,853  
Transfers out 0  
Transfers to securitization trust 0  
Contributions 0  
Paydowns/Distributions (47,727)  
Sales 0  
Purchases 0  
Balance at the end of period 126,719  
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   4,866
Transfers in   182,465
Transfers out   0
Contributions   8,440
Paydowns/Distributions   (14,921)
Recovery of charge-off   0
Sales   0
Purchases   0
Balance at the end of period   180,850
Equity investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance at beginning of period   83,882
Total gains/(losses) (realized/unrealized)    
Included in earnings   4,606
Transfers in   107,477
Contributions   22,106
Paydowns/Distributions   (3,782)
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 14,006 4,606
Transfers in   107,477
Transfers out 0 0
Transfers to securitization trust 0  
Contributions 320 22,106
Paydowns/Distributions (68,724) (3,782)
Recovery of charge-off   0
Sales 0 0
Purchases 0 0
Balance at the end of period $ 204,697 $ 214,289