XML 77 R68.htm IDEA: XBRL DOCUMENT v3.22.2
Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Classification and Carrying Value of Unconsolidated VIEs (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Variable Interest Entity [Line Items]    
Total assets [1] $ 7,299,536 $ 5,658,301
Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 367,042 401,005
Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 106,825 120,021
Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 67,566 70,603
Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Maximum exposure 192,651 210,381
ABS | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 35,588 39,679
ABS | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
ABS | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 35,588 39,679
ABS | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Non-Agency RMBS | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 31,978 30,924
Non-Agency RMBS | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Non-Agency RMBS | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 31,978 30,924
Non-Agency RMBS | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Preferred equity investments in multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 285,608 300,819
Preferred equity investments in multi-family properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 106,825 120,021
Preferred equity investments in multi-family properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Preferred equity investments in multi-family properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 178,783 180,798
Joint venture equity investments in multi-family properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 10,990 10,440
Joint venture equity investments in multi-family properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Joint venture equity investments in multi-family properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Joint venture equity investments in multi-family properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 10,990 10,440
Equity investments in entities that invest in residential properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 2,878 19,143
Equity investments in entities that invest in residential properties | Multi-family loans | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Equity investments in entities that invest in residential properties | Investment securities available for sale, at fair value | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets 0 0
Equity investments in entities that invest in residential properties | Equity investments | Equity Method Investment, Nonconsolidated Investee or Group of Investees    
Variable Interest Entity [Line Items]    
Total assets $ 2,878 $ 19,143
[1] Our condensed 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 June 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $3,952,609 and $2,940,513, respectively, and the liabilities of consolidated VIEs totaled $3,141,474 and $2,235,665, respectively. See Note 7 for further discussion.