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Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets carried at fair value    
Investment securities available for sale: $ 0 $ 31
Derivative assets:    
Derivative assets 38,048 19,604
Derivative liabilities    
Derivative Asset (7,143) (6,510)
Variation Margin 9,268 27,447
Interest rate caps    
Derivative assets:    
Derivative assets 7,123 6,510
Interest rate swaps    
Derivative assets:    
Derivative assets 30,879 13,094
Derivative liabilities    
Variation Margin 0 27,447
U.S. Treasury futures    
Derivative assets:    
Derivative assets 26  
Derivative liabilities    
Variation Margin 0  
Credit default swaps    
Derivative liabilities    
Variation Margin 9,268  
Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures    
Derivative liabilities    
Variation Margin 7,000 27,400
Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 2,217,485  
Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 137,943 147,116
Assets of disposal group held for sale 740 2,960
Total 5,582,176 5,350,498
Derivative liabilities    
Total 1,079,768 593,737
Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 7,123 6,510
Fair Value, Measurements, Recurring | Option    
Derivative assets:    
Derivative assets 20 0
Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative assets:    
Derivative assets 0 0
Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liability 0 0
Fair Value, Measurements, Recurring | Interest Rate Swaps, Credit Default Swaps, U.S. Treasury Futures | Central Clearing House    
Derivative liabilities    
Derivative liability 23,900 40,500
Derivative Asset (30,900) (13,100)
Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 738,126 754,860
Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 640,729 827,535
Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,724,250 1,501,908
Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 2,217,485 1,989,324
Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 23,855 24,493
Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 91,905 95,792
Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 582,627 593,737
Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 497,141 0
Level 1 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 0 0
Assets of disposal group held for sale 0 0
Total 0 0
Derivative liabilities    
Total 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Option    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative assets:    
Derivative assets 0 0
Level 1 | Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liability 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 1 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 1 | Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 0 0
Level 1 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 1 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 2    
Derivative liabilities    
Derivative Asset (7,143) (6,510)
Level 2 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 0 0
Assets of disposal group held for sale 740 2,960
Total 2,249,223 2,023,287
Derivative liabilities    
Total 497,141 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 7,123 6,510
Level 2 | Fair Value, Measurements, Recurring | Option    
Derivative assets:    
Derivative assets 20 0
Level 2 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative assets:    
Derivative assets 0 0
Level 2 | Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liability 0 0
Level 2 | Fair Value, Measurements, Recurring | Derivative Asset    
Assets carried at fair value    
Assets of disposal group held for sale 700 3,000
Level 2 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 0 0
Level 2 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 2,217,485 1,989,324
Level 2 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 23,855 24,493
Level 2 | Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 0 0
Level 2 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 0 0
Level 2 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST 497,141 0
Level 3    
Assets carried at fair value    
Fair Value 137,943 147,116
Level 3 | Fair Value, Measurements, Recurring    
Assets carried at fair value    
Fair Value 137,943 147,116
Assets of disposal group held for sale 0 0
Total 3,332,953 3,327,211
Derivative liabilities    
Total 582,627 593,737
Level 3 | Fair Value, Measurements, Recurring | Interest rate caps    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Option    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Interest rate swaps    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | U.S. Treasury futures    
Derivative assets:    
Derivative assets 0 0
Level 3 | Fair Value, Measurements, Recurring | Credit default swaps    
Derivative liabilities    
Derivative liability 0 0
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | VIE, Primary Beneficiary    
Assets carried at fair value    
Residential loans, at fair value 738,126 754,860
Level 3 | Fair Value, Measurements, Recurring | Residential loans    
Assets carried at fair value    
Residential loans, at fair value 640,729 827,535
Level 3 | Fair Value, Measurements, Recurring | Residential loans held in securitization trusts    
Assets carried at fair value    
Residential loans, at fair value 1,724,250 1,501,908
Level 3 | Fair Value, Measurements, Recurring | Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 3 | Fair Value, Measurements, Recurring | Non-Agency RMBS    
Assets carried at fair value    
Investment securities available for sale: 0 0
Level 3 | Fair Value, Measurements, Recurring | Multi-family loans    
Assets carried at fair value    
Multi-family loans 91,905 95,792
Level 3 | Fair Value, Measurements, Recurring | Consolidated SLST | Consolidated SLST | VIE, Primary Beneficiary    
Liabilities carried at fair value    
Consolidated SLST 582,627 593,737
Level 3 | Fair Value, Measurements, Recurring | Residential loan securitizations    
Liabilities carried at fair value    
Consolidated SLST $ 0 $ 0