XML 69 R55.htm IDEA: XBRL DOCUMENT v3.22.4
Summary of Significant Accounting Policies - Schedule of Adjustments for Adoption of ASU 2019-05 (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Jan. 01, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Equity investments $ 179,746 $ 239,631    
Other assets 259,356 215,019    
Total assets [1] 6,240,745 5,658,301    
Accumulated deficit (1,052,768) (559,338)    
Company's stockholders' equity $ 1,767,216 $ 2,341,031    
Cumulative Effect, Period of Adoption, Adjustment        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Multi-family loans     $ 2,420  
Equity investments     1,394  
Other assets     2,755  
Total assets     12,284  
Accumulated deficit     12,284  
Company's stockholders' equity     12,284  
Cumulative Effect, Period of Adoption, Adjusted Balance        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Multi-family loans       $ 182,465
Equity investments       107,477
Other assets       3,620
Total assets       502,033
Accumulated deficit       (136,579)
Company's stockholders' equity       (136,579)
Distressed And Other Residential Mortgage Loans | Cumulative Effect, Period of Adoption, Adjustment        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Residential loans, net     5,715  
Distressed And Other Residential Mortgage Loans | Cumulative Effect, Period of Adoption, Adjusted Balance        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Residential loans, net       $ 208,471
Previously Reported        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Multi-family loans     180,045  
Equity investments     106,083  
Other assets     865  
Total assets     489,749  
Accumulated deficit     (148,863)  
Company's stockholders' equity     (148,863)  
Previously Reported | Distressed And Other Residential Mortgage Loans        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Residential loans, net     $ 202,756  
[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, 2022 and December 31, 2021, assets of consolidated VIEs totaled $4,261,097 and $2,940,513, respectively, and the liabilities of consolidated VIEs totaled $3,403,257 and $2,235,665, respectively. See Note 7 for further discussion.