XML 116 R107.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value of Financial Instruments - Valuation for Level 3 Assets (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period $ 3,410,684 $ 4,659,668 $ 3,801,370 $ 3,935,253
Total (losses)/gains (realized/unrealized)        
Included in earnings (45,726) (156,506) (13,188) (332,778)
Transfers out (9,419) (886) (13,913) (2,741)
Transfers to securitization trust, net 0 0 0 0
Transfer to disposal group held for sale   0   0
Funding/Contributions 9,390 8,895 40,323 28,086
Paydowns/Distributions (281,168) (366,987) (925,012) (1,039,373)
Sales (18,604) 0 (19,210)  
Purchases 187,829 100,571 382,616 1,656,308
Balance at the end of period $ 3,252,986 $ 4,244,755 $ 3,252,986 $ 4,244,755
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Operating Income (Expense), Net Other Operating Income (Expense), Net Other Operating Income (Expense), Net Other Operating Income (Expense), Net
Consolidated SLST | VIE, Primary Beneficiary        
Total (losses)/gains (realized/unrealized)        
Sales     $ 0  
Purchases       $ 0
Residential loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period $ 757,264 $ 2,193,319 1,081,384 1,703,290
Total (losses)/gains (realized/unrealized)        
Included in earnings (7,392) (56,870) (7,220) (109,846)
Transfers out (7,441) (636) (10,198) (1,511)
Transfers to securitization trust, net (54,332) (373,113) (244,414) (1,049,673)
Transfer to disposal group held for sale   0   0
Funding/Contributions 0 0 0 0
Paydowns/Distributions (103,660) (175,105) (389,032) (468,669)
Sales (18,604) 0 (18,769)  
Purchases 171,104 73,723 325,188 1,587,727
Balance at the end of period 736,939 1,661,318 736,939 1,661,318
Residential loans | Consolidated SLST | VIE, Primary Beneficiary        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period 789,969 920,778 827,582 1,070,882
Total (losses)/gains (realized/unrealized)        
Included in earnings (31,425) (33,965) (40,458) (113,257)
Transfers out 0 0 0 0
Transfers to securitization trust, net 0 0 0 0
Transfer to disposal group held for sale   0   0
Funding/Contributions 0 0 0 0
Paydowns/Distributions (15,940) (26,028) (44,520) (96,840)
Sales 0 0    
Purchases 0 0 0  
Balance at the end of period 742,604 860,785 742,604 860,785
Residential loans held in securitization trusts        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period 1,589,579 1,215,095 1,616,114 801,429
Total (losses)/gains (realized/unrealized)        
Included in earnings (11,788) (64,282) 16,114 (130,217)
Transfers out (1,978) (250) (3,715) (1,230)
Transfers to securitization trust, net 54,332 373,113 244,414 1,049,673
Transfer to disposal group held for sale   0   0
Funding/Contributions 0 0 0 0
Paydowns/Distributions (132,518) (139,451) (415,562) (377,163)
Sales 0 0 (441)  
Purchases 16,725 26,848 57,428 68,581
Balance at the end of period 1,514,352 1,411,073 1,514,352 1,411,073
Multi-family loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period 97,422 106,825 87,534 120,021
Total (losses)/gains (realized/unrealized)        
Included in earnings 2,695 360 9,024 6,658
Transfers out 0 0 0 0
Transfers to securitization trust, net 0 0 0 0
Transfer to disposal group held for sale   0   0
Funding/Contributions 0 0 15,405 0
Paydowns/Distributions (1,682) (11,356) (13,528) (30,850)
Sales 0 0 0  
Purchases 0 0 0 0
Balance at the end of period 98,435 95,829 98,435 95,829
Equity investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period 168,755 223,651 179,746 239,631
Total (losses)/gains (realized/unrealized)        
Included in earnings 4,806 (1,749) 13,289 13,884
Transfers out 0 0 0 0
Transfers to securitization trust, net 0 0 0 0
Transfer to disposal group held for sale   (9,936)   (9,936)
Funding/Contributions 9,390 8,895 24,918 28,086
Paydowns/Distributions (27,368) (15,047) (62,370) (65,851)
Sales 0 0 0  
Purchases 0 0 0 0
Balance at the end of period 155,583 205,814 155,583 205,814
Equity investments in disposal group held for sale        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period 7,695 0 9,010 0
Total (losses)/gains (realized/unrealized)        
Included in earnings (2,622) 0 (3,937) 0
Transfers out 0 0 0
Transfers to securitization trust, net 0 0 0 0
Transfer to disposal group held for sale   9,936   9,936
Funding/Contributions 0 0 0 0
Paydowns/Distributions 0 0 0 0
Sales 0 0 0  
Purchases 0 0 0 0
Balance at the end of period $ 5,073 $ 9,936 $ 5,073 $ 9,936