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Fair Value of Financial Instruments - Valuation for Level 3 Assets (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 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 83,305 72,991
Transfers in   500,793
Transfers out (3,787) (243,855)
Transfers to securitization trust 0 0
Funding/Contributions 53,200 49,663
Paydowns/Distributions (864,268) (588,320)
Recovery of charge-off   35
Sales (67,452) (17,475,238)
Purchases 975,781 249,312
Balance at the end of period 3,648,633 3,224,649
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 (16,522) 24,096
Transfers in   0
Transfers out 0 0
Transfers to securitization trust 0 0
Funding/Contributions 0 0
Paydowns/Distributions (113,258) (62,977)
Recovery of charge-off   0
Sales 0 0
Purchases 0 0
Balance at the end of period 1,137,005 1,290,005
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)
Transfers to securitization trust   0
Funding/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 28,094 (26,069)
Transfers in   164,279
Transfers out (2,080) (5,061)
Transfers to securitization trust (236,751) (317,089)
Funding/Contributions 0 0
Paydowns/Distributions (464,097) (224,073)
Recovery of charge-off   0
Sales (65,076) (93,755)
Purchases 974,199 249,312
Balance at the end of period 1,325,219 1,177,298
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 34,901 8,836
Transfers in   46,572
Transfers out (1,707) (1,497)
Transfers to securitization trust (236,751) 317,089
Funding/Contributions 0 0
Paydowns/Distributions (149,019) (15,514)
Recovery of charge-off   0
Sales (2,376) 0
Purchases 1,582 0
Balance at the end of period 811,583 355,486
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 14,811  
Transfers out 0  
Transfers to securitization trust 0  
Funding/Contributions 7,970  
Paydowns/Distributions (66,562)  
Sales 0  
Purchases 0  
Balance at the end of period 119,812  
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   9,760
Transfers in   182,465
Transfers out   0
Transfers to securitization trust   0
Funding/Contributions   13,712
Paydowns/Distributions   (22,783)
Recovery of charge-off   0
Sales   0
Purchases   0
Balance at the end of period   183,154
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   14,573
Transfers in   107,477
Funding/Contributions   35,951
Paydowns/Distributions   (23,177)
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 22,021 14,573
Transfers in   107,477
Transfers out 0 0
Transfers to securitization trust 0 0
Funding/Contributions 45,230 35,951
Paydowns/Distributions (71,332) (23,177)
Recovery of charge-off   0
Sales 0 0
Purchases 0 0
Balance at the end of period $ 255,014 $ 218,706