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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
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents $ 160,447   $ 167,422 $ 235,514    
Assets of disposal group held for sale 111,500   118,613      
Other assets 367,657   437,874      
Total Assets [1] 10,552,332   9,217,282      
Liabilities of disposal group held for sale 92,151   97,065      
Other liabilities 146,006   147,612      
Total Liabilities [1] 9,155,677   7,806,148      
Non-controlling interest in Consolidated VIEs 2,670   4,055      
Consolidated SLST            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Carrying Value 2,626,479   2,135,680      
Residential loan securitizations at amortized cost, net            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Carrying Value 738,121   842,764      
VIE, Primary Beneficiary            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Real estate, net held in Consolidated VIEs 610,661   623,407      
Total Assets 4,413,851   3,988,584      
Carrying Value 235,226     275,200    
Total Liabilities 3,859,442   3,477,211      
Redeemable non-controlling interest in Consolidated VIEs 12,782 $ 13,382 12,359 $ 23,088 $ 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 3,941   4,151      
Residential loans, at fair value 3,658,938   3,209,472      
Real estate, net held in Consolidated VIEs 473,586   481,161      
Assets of disposal group held for sale 111,000   118,613      
Other assets 166,386   175,187      
Total Assets 4,413,851   3,988,584      
Carrying Value 3,364,600   2,978,444      
Mortgages payable on real estate, net in Consolidated VIEs 364,100   366,606      
Liabilities of disposal group held for sale 92,151   97,065      
Other liabilities 38,591   35,096      
Total Liabilities 3,859,442   3,477,211      
Redeemable non-controlling interest in Consolidated VIEs 12,782   12,359      
Non-controlling interest in Consolidated VIEs 2,545   3,930      
Net investment 539,082   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 2,459,555   2,243,800      
Real estate, net held in Consolidated VIEs 0   0      
Assets of disposal group held for sale 0   0      
Other assets 146,840   154,426      
Total Assets 2,606,395   2,398,226      
Carrying Value 2,332,703   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 19,831   16,162      
Total Liabilities 2,352,534   2,183,015      
Redeemable non-controlling interest in Consolidated VIEs 0   0      
Non-controlling interest in Consolidated VIEs 0   0      
Net investment 253,861   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 1,199,383   965,672      
Real estate, net held in Consolidated VIEs 0   0      
Assets of disposal group held for sale 0   0      
Other assets 4,725   4,065      
Total Assets 1,204,108   969,737      
Carrying Value 1,031,897   811,591      
Mortgages payable on real estate, net in Consolidated VIEs 0   0      
Liabilities of disposal group held for sale 0   0      
Other liabilities 9,883   8,313      
Total Liabilities 1,041,780   819,904      
Redeemable non-controlling interest in Consolidated VIEs 0   0      
Non-controlling interest in Consolidated VIEs 0   0      
Net investment 162,328   149,833      
VIE, Primary Beneficiary | Consolidated Real Estate            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Cash and cash equivalents 3,941   4,151      
Residential loans, at fair value 0   0      
Real estate, net held in Consolidated VIEs 473,586   481,161      
Assets of disposal group held for sale 111,000   118,613      
Other assets 14,821   16,696      
Total Assets 603,348   620,621      
Carrying Value 0   0      
Mortgages payable on real estate, net in Consolidated VIEs 364,100   366,606      
Liabilities of disposal group held for sale 92,151   97,065      
Other liabilities 8,877   10,621      
Total Liabilities 465,128   474,292      
Redeemable non-controlling interest in Consolidated VIEs 12,782   12,359      
Non-controlling interest in Consolidated VIEs 2,545   3,930      
Net investment 122,893   130,040      
VIE, Primary Beneficiary | Consolidated SLST            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Carrying Value 2,626,479   842,764      
VIE, Primary Beneficiary | Residential loan securitizations at amortized cost, net            
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]            
Carrying Value $ 738,121   $ 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 June 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $4,413,851 and $3,988,584, respectively, and the liabilities of consolidated VIEs totaled $3,859,442 and $3,477,211, respectively. See Note 7 for further discussion.