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Carrying Amount and Fair Value of Financial Instruments (Detail) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets    
Derivative assets $ 73 $ 11
Liabilities    
Junior subordinated notes 7,052 8,121
Carrying Amount    
Assets    
Total investment in mortgage loans, held for investment, net 1,033,552 1,255,723
Investment in mortgage loans, held for sale 38,394  
Cash and cash equivalents 84,483 53,380
Restricted cash 152,962 157,914
Derivative assets 73 11
Carrying Amount | Recourse Indebtedness | 7.0% convertible senior notes    
Liabilities    
Convertible senior notes 834 833
Carrying Amount | Recourse Indebtedness | 4.0% convertible senior notes    
Liabilities    
Convertible senior notes 101,330 106,800
Carrying Amount | Recourse Indebtedness | 7.625% senior notes due 2024    
Liabilities    
Indebtedness 54,926 54,867
Carrying Amount | Recourse Indebtedness | 7.125% Senior Notes due 2019    
Liabilities    
Indebtedness 67,614 67,474
Carrying Amount | Recourse Indebtedness | Senior Secured Notes    
Liabilities    
Indebtedness 9,200 11,063
Carrying Amount | Recourse Indebtedness | Junior subordinated notes, at amortized cost    
Liabilities    
Junior subordinated notes 25,100 25,100
Carrying Amount | Non Recourse Indebtedness | CDO notes payable, at amortized cost    
Liabilities    
Notes payable 209,031 254,724
Carrying Amount | Non Recourse Indebtedness | Loan Payable On Real Estate    
Liabilities    
Loans payable on real estate 61,619 61,922
Carrying Amount | Other indebtedness    
Liabilities    
Indebtedness 40,948 40,955
Carrying Amount | CMBS securitizations | Non Recourse Indebtedness    
Liabilities    
Notes payable 694,643 736,586
Carrying Amount | Junior subordinated notes, at fair value | Recourse Indebtedness    
Liabilities    
Junior subordinated notes 7,052 8,121
Carrying Amount | Secured warehouse facilities    
Liabilities    
Indebtedness   21,743
Estimated Fair Value    
Assets    
Total investment in mortgage loans, held for investment, net 996,039 1,252,780
Investment in mortgage loans, held for sale 38,435  
Cash and cash equivalents 84,483 53,380
Restricted cash 152,962 157,914
Derivative assets 73 11
Estimated Fair Value | Recourse Indebtedness | 7.0% convertible senior notes    
Liabilities    
Convertible senior notes 544 533
Estimated Fair Value | Recourse Indebtedness | 4.0% convertible senior notes    
Liabilities    
Convertible senior notes 99,214 103,457
Estimated Fair Value | Recourse Indebtedness | 7.625% senior notes due 2024    
Liabilities    
Indebtedness 41,680 43,009
Estimated Fair Value | Recourse Indebtedness | 7.125% Senior Notes due 2019    
Liabilities    
Indebtedness 59,871 61,567
Estimated Fair Value | Recourse Indebtedness | Senior Secured Notes    
Liabilities    
Indebtedness 8,806 11,197
Estimated Fair Value | Recourse Indebtedness | Junior subordinated notes, at amortized cost    
Liabilities    
Junior subordinated notes 7,755 8,849
Estimated Fair Value | Non Recourse Indebtedness | CDO notes payable, at amortized cost    
Liabilities    
Notes payable 152,673 196,212
Estimated Fair Value | Non Recourse Indebtedness | Loan Payable On Real Estate    
Liabilities    
Loans payable on real estate 63,404 64,377
Estimated Fair Value | Other indebtedness    
Liabilities    
Indebtedness 40,830 40,830
Estimated Fair Value | CMBS securitizations | Non Recourse Indebtedness    
Liabilities    
Notes payable 700,918 744,359
Estimated Fair Value | Junior subordinated notes, at fair value | Recourse Indebtedness    
Liabilities    
Junior subordinated notes $ 7,052 8,121
Estimated Fair Value | Secured warehouse facilities    
Liabilities    
Indebtedness   $ 22,313