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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Pledged assets included in cash and cash equivalents $ 896,255 $ 1,137,809
Pledged assets included in loans, net 2,267,661 2,231,035
Disposal group, pledged assets $ 52,684 $ 0
Preferred stock, par value (USD per share) $ 0.01 $ 0.01
Preferred stock authorized (shares) 63,500,000 85,150,000
Preferred stock issued (shares) 63,500,000 63,500,000
Preferred stock outstanding (shares) 63,500,000 63,500,000
Common stock, par value (USD per share) $ 0.01 $ 0.01
Common stock authorized (shares) 2,936,500,000 2,914,850,000
Common stock issued (shares) 1,449,935,017 1,398,240,618
Common stock outstanding (shares) 1,449,935,017 1,398,240,618
Cash and cash equivalents [1] $ 1,046,300 $ 1,243,703 [2]
Mortgage-backed securities [3] 65,622,352 75,652,396 [2]
Mortgage Servicing Rights Held-For-Sale 86,200 0
Consolidated VIEs    
Cash and cash equivalents 11,000 22,200
Agency Mortgage-Backed Securities | Consolidated VIEs    
Mortgage-backed securities 46,400 81,500
Non-Agency Mortgage-Backed Securities    
Pledged assets 0 5,541
Non-Agency Mortgage-Backed Securities | Consolidated VIEs    
Mortgage-backed securities 245,800 576,600
Commercial Mortgage Loans | Consolidated VIEs | Consolidation, Eliminations    
Mortgage-backed securities 0 391,000
Residential Mortgage Loans    
Loans held-for-sale 3,700 47,000
Corporate Loans    
Loans held-for-sale 2,100 0
Agency Mortgage-Backed Securities    
Pledged assets 57,950,911 67,471,074
Mortgage-backed securities $ 62,818,079 $ 74,067,059
[1] (2)Includes cash of consolidated Variable Interest Entities (“VIEs”) of $11.0 million and $22.2 million at September 30, 2021 and December 31, 2020, respectively.
[2] (1)Derived from the audited consolidated financial statements at December 31, 2020.
[3] (3)Excludes $46.4 million and $81.5 million at September 30, 2021 and December 31, 2020, respectively, of Agency mortgage-backed securities, $245.8 million and $576.6 million at September 30, 2021 and December 31, 2020, respectively, of non-Agency mortgage-backed securities and $0 and $391.0 million at September 30, 2021 and December 31, 2020, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.