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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Restricted cash [1] $ 134,345 $ 243,343
Loans held for investment at fair value [1] 785,228 1,079,315
Loans held for investment by the Company at fair value [1] 65,557 43,693
Loans held for sale by the Company at fair value [1] 587,093 722,355
Accrued interest receivable [1] 11,314 12,857
Other assets [1] 109,702 143,668
Total assets of consolidated variable interest entities 2,452,599 2,982,341
Accrued interest payable [1] 7,780 9,260
Accrued expenses and other liabilities [1] 86,369 142,636
Notes, certificates and secured borrowings at fair value [1] 785,928 1,081,466
Payable to Structured Program note and certificate holders at fair value [1] 193,034 40,610
Credit facilities and securities sold under repurchase agreements [1] 480,079 587,453
Total liabilities of consolidated variable interest entities 1,706,457 2,082,154
Securities available for sale, allowance for credit losses 15,571 0
Securities available for sale, pledged as collateral at fair value 148,809 174,849
Securities available for sale at amortized cost $ 245,083 $ 271,173
Preferred stock, par value ($ per share) $ 0.01  
Preferred stock, authorized (shares) 10,000,000  
Common stock, par value ($ per share) $ 0.01 $ 0.01
Common stock, authorized (shares) 180,000,000 180,000,000
Common stock, shares issued 70,938,835 89,218,797
Common stock, shares outstanding 70,938,835 88,757,406
Treasury stock, shares 0 461,391
Series A Preferred Stock    
Preferred stock, par value ($ per share) $ 0.01 $ 0.01
Preferred stock, authorized (shares) 1,200,000 1,200,000
Preferred stock, issued (shares) 195,627 0
Preferred stock, outstanding (shares) 195,627 0
Consolidated VIEs    
Restricted cash $ 38,465 $ 30,046
Loans held for investment at fair value 101,742 197,842
Loans held for investment by the Company at fair value 64,634 40,251
Loans held for sale by the Company at fair value 482,726 551,455
Accrued interest receivable 4,918 4,431
Other assets 795 1,359
Total assets of consolidated variable interest entities 693,280 825,384
Accrued interest payable 2,032 3,185
Accrued expenses and other liabilities 103 244
Notes, certificates and secured borrowings at fair value 101,742 197,842
Payable to Structured Program note and certificate holders at fair value 193,034 40,610
Credit facilities and securities sold under repurchase agreements 294,510 387,251
Total liabilities of consolidated variable interest entities $ 591,421 $ 629,132
[1]
Includes amounts in consolidated variable interest entities (VIEs) presented separately in the table below.