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Use of Special Purpose Entities (SPE) and Variable Interest Entities (VIE) - Schedule of Assets and Liabilities of Consolidated Real Estate VIE's (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents $ 177,072 $ 167,422 $ 226,939  
Assets of disposal group held for sale 113,406 118,613    
Other assets 354,971 437,874    
Total Assets [1] 10,004,055 9,217,282    
Liabilities of disposal group held for sale 91,153 97,065    
Other liabilities 172,757 147,612    
Total Liabilities [1] 8,585,743 7,806,148    
Non-controlling interest in Consolidated VIEs 2,984 4,055    
Consolidated SLST        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Carrying Value 2,429,141 2,135,680    
Residential loan securitizations at amortized cost, net        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Carrying Value 757,673 842,764    
VIE, Primary Beneficiary        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Real estate, net held in Consolidated VIEs 617,305 623,407    
Total Assets 4,222,979 3,988,584    
Total Liabilities 3,679,092 3,477,211    
Redeemable non-controlling interest in Consolidated VIEs 13,382 12,359 $ 20,128 $ 28,061
VIE, Primary Beneficiary | Financing And Other VIEs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 3,929 4,151    
Residential loans, at fair value 3,467,706 3,209,472    
Real estate, net held in Consolidated VIEs 477,189 481,161    
Assets of disposal group held for sale 113,406 118,613    
Other assets 160,749 175,187    
Total Assets 4,222,979 3,988,584    
Carrying Value 3,186,814 2,978,444    
Mortgages payable on real estate, net in Consolidated VIEs 365,455 366,606    
Liabilities of disposal group held for sale 91,153 97,065    
Other liabilities 35,670 35,096    
Total Liabilities 3,679,092 3,477,211    
Redeemable non-controlling interest in Consolidated VIEs 13,382 12,359    
Non-controlling interest in Consolidated VIEs 2,859 3,930    
Net investment 527,646 495,084    
VIE, Primary Beneficiary | Financing VIEs        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 0 0    
Residential loans, at fair value 2,508,456 2,243,800    
Real estate, net held in Consolidated VIEs 0 0    
Assets of disposal group held for sale 0 0    
Other assets 144,394 154,426    
Total Assets 2,652,850 2,398,226    
Carrying Value 2,381,541 2,166,853    
Mortgages payable on real estate, net in Consolidated VIEs 0 0    
Liabilities of disposal group held for sale 0 0    
Other liabilities 21,158 16,162    
Total Liabilities 2,402,699 2,183,015    
Redeemable non-controlling interest in Consolidated VIEs 0 0    
Non-controlling interest in Consolidated VIEs 0 0    
Net investment 250,151 215,211    
VIE, Primary Beneficiary | Consolidated SLST        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 0 0    
Residential loans, at fair value 959,250 965,672    
Real estate, net held in Consolidated VIEs 0 0    
Assets of disposal group held for sale 0 0    
Other assets 3,932 4,065    
Total Assets 963,182 969,737    
Carrying Value 805,273 811,591    
Mortgages payable on real estate, net in Consolidated VIEs 0 0    
Liabilities of disposal group held for sale 0 0    
Other liabilities 8,543 8,313    
Total Liabilities 813,816 819,904    
Redeemable non-controlling interest in Consolidated VIEs 0 0    
Non-controlling interest in Consolidated VIEs 0 0    
Net investment 149,366 149,833    
VIE, Primary Beneficiary | Consolidated Real Estate        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Cash and cash equivalents 3,929 4,151    
Residential loans, at fair value 0 0    
Real estate, net held in Consolidated VIEs 477,189 481,161    
Assets of disposal group held for sale 113,406 118,613    
Other assets 12,423 16,696    
Total Assets 606,947 620,621    
Carrying Value 0 0    
Mortgages payable on real estate, net in Consolidated VIEs 365,455 366,606    
Liabilities of disposal group held for sale 91,153 97,065    
Other liabilities 5,969 10,621    
Total Liabilities 462,577 474,292    
Redeemable non-controlling interest in Consolidated VIEs 13,382 12,359    
Non-controlling interest in Consolidated VIEs 2,859 3,930    
Net investment 128,129 130,040    
VIE, Primary Beneficiary | Consolidated SLST        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Carrying Value 2,429,141 842,764    
VIE, Primary Beneficiary | Residential loan securitizations at amortized cost, net        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Carrying Value $ 757,673 $ 2,135,680    
[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 March 31, 2025 and December 31, 2024, assets of consolidated VIEs totaled $4,222,979 and $3,988,584, respectively, and the liabilities of consolidated VIEs totaled $3,679,092 and $3,477,211, respectively. See Note 7 for further discussion.