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Residential Mortgage Securities and MSR-Related Assets (Residential and Mortgage Securities) (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face $ 161,878,000 $ 4,044,818,000
Purchase Premiums 3,022,000 67,108,000
Accretable Purchase Discounts (8,206,000) (90,694,000)
Discount Designated as Credit Reserve (21,437,000) (436,598,000)
Gross Amortized Cost 135,257,000 3,585,248,000
Gross Unrealized Gains 26,926,000 417,089,000
Gross Unrealized Losses (1,183,000) (18,818,000)
Net Unrealized Gain/(Loss) 25,743,000 398,271,000
Fair Value 161,000,000 3,983,519,000
Principal payments receivable   614,000
Non-Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 57,847,000 2,195,303,000
Purchase Premiums 0 0
Accretable Purchase Discounts (8,136,000) (90,617,000)
Discount Designated as Credit Reserve (669,000) (436,598,000)
Gross Amortized Cost 49,042,000 1,668,088,000
Gross Unrealized Gains 8,585,000 395,459,000
Gross Unrealized Losses (861,000) (18,000)
Net Unrealized Gain/(Loss) 7,724,000 395,441,000
Fair Value $ 56,766,000 2,063,529,000
Expected to Recover Par    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   722,477,000
Purchase Premiums   0
Accretable Purchase Discounts   (16,661,000)
Discount Designated as Credit Reserve   0
Gross Amortized Cost   705,816,000
Gross Unrealized Gains   19,861,000
Gross Unrealized Losses   (9,000)
Net Unrealized Gain/(Loss)   19,852,000
Fair Value   725,668,000
Expected to Recover Less Than Par    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   1,472,826,000
Purchase Premiums   0
Accretable Purchase Discounts   (73,956,000)
Discount Designated as Credit Reserve   (436,598,000)
Gross Amortized Cost   962,272,000
Gross Unrealized Gains   375,598,000
Gross Unrealized Losses   (9,000)
Net Unrealized Gain/(Loss)   375,589,000
Fair Value   $ 1,337,861,000
Percentage of current face amount of Non-Agency MBS to be recovered 99.00% 80.00%
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   $ 1,604,583,000
Purchase Premiums   62,790,000
Accretable Purchase Discounts   (22,000)
Discount Designated as Credit Reserve   0
Gross Amortized Cost   1,667,965,000
Gross Unrealized Gains   15,326,000
Gross Unrealized Losses   (18,709,000)
Net Unrealized Gain/(Loss)   (3,383,000)
Fair Value   1,664,582,000
Agency MBS | Fannie Mae    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   1,119,708,000
Purchase Premiums   43,249,000
Accretable Purchase Discounts   (22,000)
Discount Designated as Credit Reserve   0
Gross Amortized Cost   1,162,935,000
Gross Unrealized Gains   9,799,000
Gross Unrealized Losses   (14,741,000)
Net Unrealized Gain/(Loss)   (4,942,000)
Fair Value   1,157,993,000
Agency MBS | Freddie Mac    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   480,879,000
Purchase Premiums   19,468,000
Accretable Purchase Discounts   0
Discount Designated as Credit Reserve   0
Gross Amortized Cost   500,961,000
Gross Unrealized Gains   5,475,000
Gross Unrealized Losses   (3,968,000)
Net Unrealized Gain/(Loss)   1,507,000
Fair Value   502,468,000
Agency MBS | Ginnie Mae    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   3,996,000
Purchase Premiums   73,000
Accretable Purchase Discounts   0
Discount Designated as Credit Reserve   0
Gross Amortized Cost   4,069,000
Gross Unrealized Gains   52,000
Gross Unrealized Losses   0
Net Unrealized Gain/(Loss)   52,000
Fair Value   4,121,000
Total MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face   3,799,886,000
Purchase Premiums   62,790,000
Accretable Purchase Discounts   (90,639,000)
Discount Designated as Credit Reserve   (436,598,000)
Gross Amortized Cost   3,336,053,000
Gross Unrealized Gains   410,785,000
Gross Unrealized Losses   (18,727,000)
Net Unrealized Gain/(Loss)   392,058,000
Fair Value   3,728,111,000
CRT securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face $ 104,031,000 244,932,000
Purchase Premiums 3,022,000 4,318,000
Accretable Purchase Discounts (70,000) (55,000)
Discount Designated as Credit Reserve (20,768,000) 0
Gross Amortized Cost 86,215,000 249,195,000
Gross Unrealized Gains 18,341,000 6,304,000
Gross Unrealized Losses (322,000) (91,000)
Net Unrealized Gain/(Loss) 18,019,000 6,213,000
Fair Value 104,234,000 255,408,000
RPL/NPL MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 55,000,000.0 632,300,000
Gross Amortized Cost 46,900,000 631,800,000
Fair Value 53,900,000 635,000,000.0
CRT, Fair Value Option    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 551,000 6,300,000
Gross Unrealized Losses (322,000) (91,000)
Fair Value $ 66,200,000 255,400,000
Agency MBS, Fair Value Option    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains   4,500,000
Gross Unrealized Losses   0
Debt securities, fair value option   $ 280,300,000