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Collateralized Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Collateralized Debt Obligations

The following tables present a summary of the Company's CDOs as of December 31, 2022 and 2021, respectively (dollar amounts in thousands):

			December 31, 2022
			Outstanding Face Amount						Carrying Value						Weighted Average Interest Rate (1)						Stated Maturity (2)
Consolidated SLST (3)			$	699,408					$	634,495					2.75		%				2059
Residential loan securitizations			1,498,198						1,468,222						3.54		%				2026 - 2062
Total collateralized debt obligations			$	2,197,606					$	2,102,717

			December 31, 2021
			Outstanding Face Amount						Carrying Value						Weighted Average Interest Rate (1)						Stated Maturity (2)
Consolidated SLST (3)			$	814,256					$	839,419					2.75		%				2059
Residential loan securitizations			686,122						682,802						2.43		%				2026 - 2061
Total collateralized debt obligations			$	1,500,378					$	1,522,221

(1)Weighted average interest rate is calculated using the outstanding face amount and stated interest rate of notes issued by the securitization and not owned by the Company.

(2)The actual maturity of the Company's CDOs are primarily determined by the rate of principal prepayments on the assets of the issuing entity. The CDOs are also subject to redemption prior to the stated maturity according to the terms of the respective governing documents. As a result, the actual maturity of the CDOs may occur earlier than the stated maturity.

(3)The Company has elected the fair value option for CDOs issued by Consolidated SLST (see Note 15).

Schedule of Collateralized Debt Obligation Securities

The Company's CDOs as of December 31, 2022 had stated maturities as follows:

Year Ending December 31,						Total
2023						$	—
2024						—
2025						—
2026						130,000
2027						225,000
Thereafter						1,842,606
Total						$	2,197,606

As of December 31, 2022, maturities for debt on the Company's consolidated balance sheet are as follows (dollar amounts in thousands):

Year Ending December 31,						Total
2023						$	—
2024						—
2025						27,750
2026						127,357
2027						—
Thereafter						387,346
Total						$	542,453

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