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Fair Value of Financial Instruments (Fair Value Hierarchy) (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets:    
Residential whole loans, at fair value $ 1,216,902 $ 1,381,583
Fair Value 161,000 3,983,519
Total assets carried at fair value 1,616,901 6,522,565
Liabilities:    
Securitized debt 869,482  
Residential whole loans, at fair value    
Assets:    
Residential whole loans, at fair value 1,216,902 1,381,583
Liabilities:    
Total liabilities carried at fair value 3,366,772  
Non-Agency MBS    
Assets:    
Fair Value 56,766 2,063,529
Agency MBS    
Assets:    
Fair Value   1,664,582
CRT securities    
Assets:    
Fair Value 104,234 255,408
Term notes backed by MSR-related collateral    
Assets:    
Term notes backed by MSR related collateral 238,999 1,157,463
Financing agreements with non-mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 1,159,213  
Financing agreements with mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 1,338,077  
Level 1    
Assets:    
Total assets carried at fair value 0 0
Liabilities:    
Securitized debt 0  
Level 1 | Residential whole loans, at fair value    
Assets:    
Residential whole loans, at fair value 0 0
Liabilities:    
Total liabilities carried at fair value 0  
Level 1 | Non-Agency MBS    
Assets:    
Fair Value 0 0
Level 1 | Agency MBS    
Assets:    
Fair Value   0
Level 1 | CRT securities    
Assets:    
Fair Value 0 0
Level 1 | Term notes backed by MSR-related collateral    
Assets:    
Term notes backed by MSR related collateral 0 0
Level 1 | Financing agreements with non-mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 0  
Level 1 | Financing agreements with mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 0  
Level 2    
Assets:    
Total assets carried at fair value 399,999 5,140,982
Liabilities:    
Securitized debt 869,482  
Level 2 | Residential whole loans, at fair value    
Assets:    
Residential whole loans, at fair value 0 0
Liabilities:    
Total liabilities carried at fair value 1,083,397  
Level 2 | Non-Agency MBS    
Assets:    
Fair Value 56,766 2,063,529
Level 2 | Agency MBS    
Assets:    
Fair Value   1,664,582
Level 2 | CRT securities    
Assets:    
Fair Value 104,234 255,408
Level 2 | Term notes backed by MSR-related collateral    
Assets:    
Term notes backed by MSR related collateral 238,999 1,157,463
Level 2 | Financing agreements with non-mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 0  
Level 2 | Financing agreements with mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 213,915  
Level 3    
Assets:    
Total assets carried at fair value 1,216,902 1,381,583
Liabilities:    
Securitized debt 0  
Level 3 | Residential whole loans, at fair value    
Assets:    
Residential whole loans, at fair value 1,216,902 1,381,583
Liabilities:    
Total liabilities carried at fair value 2,283,375  
Level 3 | Non-Agency MBS    
Assets:    
Fair Value 0 0
Level 3 | Agency MBS    
Assets:    
Fair Value   0
Level 3 | CRT securities    
Assets:    
Fair Value 0 0
Level 3 | Term notes backed by MSR-related collateral    
Assets:    
Term notes backed by MSR related collateral 0 $ 0
Level 3 | Financing agreements with non-mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value 1,159,213  
Level 3 | Financing agreements with mark-to-market collateral provisions    
Liabilities:    
Liabilities carried at fair value $ 1,124,162