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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Assets and Liabilities of Consolidated VIEs (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents $ 289,602 $ 293,183 $ 118,763
Real estate, net held in Consolidated VIEs 1,017,583 50,532  
Other assets 198,416 115,292  
Total assets [1] 5,641,698 4,655,587  
Other liabilities 144,478 101,746  
Total liabilities [1] 3,209,916 2,348,014  
Non-controlling interest in consolidated variable interest entities 24,359 6,371  
Residential loan securitizations at amortized cost, net      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 682,802 569,323  
Residential collateralized debt obligations, at fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 839,419 1,054,335  
VIE, Primary Beneficiary      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Total assets 2,924,678 2,150,984  
Total liabilities 2,219,830 1,667,306  
Redeemable non-controlling interest in Consolidated VIEs 66,392 0  
VIE, Primary Beneficiary | Financing And Other VIEs      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 29,606 462  
Debt Securities, Available-for-sale   109,140  
Real estate, net held in Consolidated VIEs 927,725 50,532  
Other assets 95,036 32,614  
Total assets 2,924,678 2,150,984  
Collateralized debt obligations 1,522,221 1,623,658  
Mortgages payable, net in consolidated variable interest entities 672,568 36,752  
Other liabilities 25,041 6,896  
Total liabilities 2,219,830 1,667,306  
Redeemable non-controlling interest in Consolidated VIEs 66,392    
Non-controlling interest in consolidated variable interest entities 24,359 6,371  
Variable interest entity, primary beneficiary, maximum loss exposure, amount 614,097 477,307  
VIE, Primary Beneficiary | Residential Loan Securitizations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 0 0  
Debt Securities, Available-for-sale   0  
Real estate, net held in Consolidated VIEs 0 0  
Other assets 20,932 24,959  
Total assets 822,361 716,410  
Collateralized debt obligations 682,802 554,067  
Mortgages payable, net in consolidated variable interest entities 0 0  
Other liabilities 4,321 2,610  
Total liabilities 687,123 556,677  
Redeemable non-controlling interest in Consolidated VIEs 0    
Non-controlling interest in consolidated variable interest entities 0 0  
Variable interest entity, primary beneficiary, maximum loss exposure, amount 135,238 159,733  
VIE, Primary Beneficiary | Non-Agency RMBS Re-Securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents   0  
Debt Securities, Available-for-sale   109,140  
Real estate, net held in Consolidated VIEs   0  
Other assets   535  
Total assets   109,675  
Collateralized debt obligations   15,256  
Mortgages payable, net in consolidated variable interest entities   0  
Other liabilities   70  
Total liabilities   15,326  
Non-controlling interest in consolidated variable interest entities   0  
Variable interest entity, primary beneficiary, maximum loss exposure, amount   94,349  
VIE, Primary Beneficiary | Consolidated SLST      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 0 0  
Debt Securities, Available-for-sale   0  
Real estate, net held in Consolidated VIEs 0 0  
Other assets 3,547 4,075  
Total assets 1,074,429 1,270,860  
Collateralized debt obligations 839,419 1,054,335  
Mortgages payable, net in consolidated variable interest entities 0 0  
Other liabilities 3,193 2,781  
Total liabilities 842,612 1,057,116  
Redeemable non-controlling interest in Consolidated VIEs 0    
Non-controlling interest in consolidated variable interest entities 0 0  
Variable interest entity, primary beneficiary, maximum loss exposure, amount 231,817 213,744  
VIE, Primary Beneficiary | Consolidated Real Estate      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 29,606 462  
Debt Securities, Available-for-sale   0  
Real estate, net held in Consolidated VIEs 927,725 50,532  
Other assets 70,557 3,045  
Total assets 1,027,888 54,039  
Collateralized debt obligations 0 0  
Mortgages payable, net in consolidated variable interest entities 672,568 36,752  
Other liabilities 17,527 1,435  
Total liabilities 690,095 38,187  
Redeemable non-controlling interest in Consolidated VIEs 66,392    
Non-controlling interest in consolidated variable interest entities 24,359 6,371  
Variable interest entity, primary beneficiary, maximum loss exposure, amount 247,042 9,481  
VIE, Primary Beneficiary | Residential loan securitizations at amortized cost, net      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 682,802 569,323  
VIE, Primary Beneficiary | Residential collateralized debt obligations, at fair value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Collateralized debt obligations 839,419 1,054,335  
VIE, Primary Beneficiary | Residential loans, at fair value | Financing And Other VIEs      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Residential loans, at fair value 1,872,311 1,958,236  
VIE, Primary Beneficiary | Residential loans, at fair value | Residential Loan Securitizations      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Residential loans, at fair value 801,429 691,451  
VIE, Primary Beneficiary | Residential loans, at fair value | Non-Agency RMBS Re-Securitization      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Residential loans, at fair value   0  
VIE, Primary Beneficiary | Residential loans, at fair value | Consolidated SLST      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Residential loans, at fair value 1,070,882 1,266,785  
VIE, Primary Beneficiary | Residential loans, at fair value | Consolidated Real Estate      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Residential loans, at fair value $ 0 $ 0  
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) as the Company is the primary beneficiary of these VIEs. As of December 31, 2021 and December 31, 2020, assets of consolidated VIEs totaled $2,924,678 and $2,150,984, respectively, and the liabilities of consolidated VIEs totaled $2,219,830 and $1,667,306, respectively. See Note 7 for further discussion.