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Valuation (Significant Unobservable Inputs Rollforward) (Details) - Level 3 - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance $ 1,324,591 $ 816,506 $ 1,094,815 $ 661,588
Assets, Accreted Discounts/Amortized Premiums (10,822) (8,816) (29,952) (23,104)
Assets, Realized Gain (Loss) 5,702 7,823 3,262 16,398
Assets, Change In Net Unrealized Gain/(Loss) 1,047 (8,223) 13,268 2,799
Assets, Purchases 330,413 289,205 814,294 674,353
Assets, Sales (173,334) (112,163) (433,042) (322,881)
Assets, Transfers into Level 3 22,484 10,107 38,490 11,120
Assets, Transfers out of Level 3 (12,357) (17,260) (13,411) (43,094)
Assets, Ending Balance 1,487,724 977,179 1,487,724 977,179
Liabilities, Begining Balance (475,816) (101,100) (297,948) (125,105)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 48 0 48 0
Liabilities, Change In Net Unrealized Gain/(Loss) (286) (358) (246) 840
Liabilities Purchases/Payments 37,259 11,889 78,887 34,696
Liabilities, Sales/Issuance (48) 0 (219,584) 0
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance (438,843) (89,569) (438,843) (89,569)
Other secured borrowings, at fair value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance (475,816) (101,100) (297,948) (125,105)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 0 0 0 0
Liabilities, Change In Net Unrealized Gain/(Loss) (72) (358) (32) 840
Liabilities, Payments 37,259 11,889 78,887 34,696
Liabilities, Issuances 0 0 (219,536) 0
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance (438,629) (89,569) (438,629) (89,569)
Change in unrealized gains (losses), liabilities (100) (400) (32) 800
Financial Derivatives - Liabilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gains (losses), liabilities (200)   (200)  
Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets (4,700)   (400)  
Securities | Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 11,034   7,293  
Assets, Accreted Discounts/Amortized Premiums (1,164)   (2,228)  
Assets, Realized Gain (Loss) (621)   (1,228)  
Assets, Change In Net Unrealized Gain/(Loss) 696   1,430  
Assets, Purchases 13,254   14,854  
Assets, Sales 0   (463)  
Assets, Transfers into Level 3 737   4,708  
Assets, Transfers out of Level 3 (437)   (867)  
Assets, Ending Balance 23,499   23,499  
Securities | Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 96,790   91,291  
Assets, Accreted Discounts/Amortized Premiums (121)   104  
Assets, Realized Gain (Loss) 7,836   7,187  
Assets, Change In Net Unrealized Gain/(Loss) (6,457)   (4,482)  
Assets, Purchases 6,483   10,239  
Assets, Sales (21,457)   (27,514)  
Assets, Transfers into Level 3 5,808   14,633  
Assets, Transfers out of Level 3 (7,400)   (9,976)  
Assets, Ending Balance 81,482   81,482  
Securities | CMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 6,278   803  
Assets, Accreted Discounts/Amortized Premiums 25   (16)  
Assets, Realized Gain (Loss) 374   76  
Assets, Change In Net Unrealized Gain/(Loss) (302)   (73)  
Assets, Purchases 6,815   7,937  
Assets, Sales (1,474)   (221)  
Assets, Transfers into Level 3 652   3,862  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 12,368   12,368  
Securities | CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 17,222   14,915  
Assets, Accreted Discounts/Amortized Premiums (184)   (670)  
Assets, Realized Gain (Loss) 1,158   (536)  
Assets, Change In Net Unrealized Gain/(Loss) 184   1,889  
Assets, Purchases 0   816  
Assets, Sales (1,139)   (1,125)  
Assets, Transfers into Level 3 15,287   15,287  
Assets, Transfers out of Level 3 (4,520)   (2,568)  
Assets, Ending Balance 28,008   28,008  
Securities | Asset-backed securities, backed by consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 25,019   22,800  
Assets, Accreted Discounts/Amortized Premiums (611)   (1,580)  
Assets, Realized Gain (Loss) (100)   (765)  
Assets, Change In Net Unrealized Gain/(Loss) (320)   537  
Assets, Purchases 18,638   28,189  
Assets, Sales (3,310)   (9,865)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 39,316   39,316  
Securities | Corporate debt securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 4,081   6,318  
Assets, Accreted Discounts/Amortized Premiums 0   22  
Assets, Realized Gain (Loss) (583)   (928)  
Assets, Change In Net Unrealized Gain/(Loss) 142   65  
Assets, Purchases 6,425   9,257  
Assets, Sales (6,883)   (11,552)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 3,182   3,182  
Securities | Corporate equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,791   1,534  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) (768)   (910)  
Assets, Change In Net Unrealized Gain/(Loss) (61)   337  
Assets, Purchases 1,316   1,317  
Assets, Sales 0   0  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 2,278   2,278  
Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   813,915   658,448
Assets, Accreted Discounts/Amortized Premiums   (8,816)   (23,104)
Assets, Realized Gain (Loss)   8,809   17,137
Assets, Change In Net Unrealized Gain/(Loss)   (9,530)   2,040
Assets, Purchases   289,178   674,281
Assets, Sales   (110,739)   (321,164)
Assets, Transfers into Level 3   10,107   11,120
Assets, Transfers out of Level 3   (17,260)   (43,094)
Assets, Ending Balance   975,664   975,664
Change in unrealized gain (loss), assets   (2,400)   1,800
Investments | Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   5,889   6,173
Assets, Accreted Discounts/Amortized Premiums   (509)   (1,711)
Assets, Realized Gain (Loss)   (24)   34
Assets, Change In Net Unrealized Gain/(Loss)   (67)   206
Assets, Purchases   773   2,751
Assets, Sales   (209)   (1,166)
Assets, Transfers into Level 3   3,981   3,981
Assets, Transfers out of Level 3   (1,055)   (1,489)
Assets, Ending Balance   8,779   8,779
Investments | Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   96,396   101,297
Assets, Accreted Discounts/Amortized Premiums   (206)   1
Assets, Realized Gain (Loss)   335   2,836
Assets, Change In Net Unrealized Gain/(Loss)   (1,181)   (2,392)
Assets, Purchases   48,860   76,816
Assets, Sales   (16,726)   (43,723)
Assets, Transfers into Level 3   3,942   7,139
Assets, Transfers out of Level 3   (10,146)   (20,700)
Assets, Ending Balance   121,274   121,274
Investments | CMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   8,761   12,347
Assets, Accreted Discounts/Amortized Premiums   4   (225)
Assets, Realized Gain (Loss)   198   1,815
Assets, Change In Net Unrealized Gain/(Loss)   494   2,111
Assets, Purchases   0   1,480
Assets, Sales   (2,415)   (16,305)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   (6,059)   (240)
Assets, Ending Balance   983   983
Investments | CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   6,109   24,911
Assets, Accreted Discounts/Amortized Premiums   302   345
Assets, Realized Gain (Loss)   (25)   826
Assets, Change In Net Unrealized Gain/(Loss)   (491)   (991)
Assets, Purchases   24,115   47,837
Assets, Sales   (3,183)   (30,309)
Assets, Transfers into Level 3   2,184   0
Assets, Transfers out of Level 3   0   (13,608)
Assets, Ending Balance   29,011   29,011
Investments | Corporate debt securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   8,850   23,947
Assets, Accreted Discounts/Amortized Premiums   13   0
Assets, Realized Gain (Loss)   87   235
Assets, Change In Net Unrealized Gain/(Loss)   (280)   (709)
Assets, Purchases   6,780   7,684
Assets, Sales   (7,769)   (16,419)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   (7,057)
Assets, Ending Balance   7,681   7,681
Investments | Secured notes        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   11,126   0
Assets, Accreted Discounts/Amortized Premiums   405   497
Assets, Realized Gain (Loss)   0   0
Assets, Change In Net Unrealized Gain/(Loss)   (466)   (700)
Assets, Purchases   0   11,268
Assets, Sales   0   0
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   11,065   11,065
Investments | Corporate equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   44,768   37,465
Assets, Accreted Discounts/Amortized Premiums   0   0
Assets, Realized Gain (Loss)   487   1,669
Assets, Change In Net Unrealized Gain/(Loss)   (377)   3,948
Assets, Purchases   0   9,078
Assets, Sales   (5,723)   (13,005)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   39,155   39,155
Investments | Residential mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   293,472   182,472
Assets, Accreted Discounts/Amortized Premiums   (513)   (1,692)
Assets, Realized Gain (Loss)   25   608
Assets, Change In Net Unrealized Gain/(Loss)   (400)   (1,319)
Assets, Purchases   117,101   266,925
Assets, Sales   (17,225)   (54,534)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   392,460   392,460
Investments | Commercial mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   104,951   108,301
Assets, Accreted Discounts/Amortized Premiums   (300)   545
Assets, Realized Gain (Loss)   252   1,135
Assets, Change In Net Unrealized Gain/(Loss)   522   971
Assets, Purchases   36,571   60,691
Assets, Sales   (16,188)   (45,835)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   125,808   125,808
Investments | Consumer loans and asset-backed securities backed by consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   199,254   135,258
Assets, Accreted Discounts/Amortized Premiums   (8,012)   (20,864)
Assets, Realized Gain (Loss)   7,555   8,506
Assets, Change In Net Unrealized Gain/(Loss)   (7,615)   (30)
Assets, Purchases   54,503   179,706
Assets, Sales   (41,181)   (98,072)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   204,504   204,504
Investments | Real estate owned        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   34,339   26,277
Assets, Accreted Discounts/Amortized Premiums   0   0
Assets, Realized Gain (Loss)   (81)   (527)
Assets, Change In Net Unrealized Gain/(Loss)   331   945
Assets, Purchases   475   10,045
Assets, Sales   (120)   (1,796)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   34,944   34,944
Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets 4,100   10,200  
Loans | Residential mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 663,880   496,829  
Assets, Accreted Discounts/Amortized Premiums (2,241)   (4,515)  
Assets, Realized Gain (Loss) (400)   1,554  
Assets, Change In Net Unrealized Gain/(Loss) 3,559   7,717  
Assets, Purchases 191,512   452,958  
Assets, Sales (58,582)   (156,815)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 797,728   797,728  
Loans | Commercial mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 260,034   195,301  
Assets, Accreted Discounts/Amortized Premiums (52)   1,087  
Assets, Realized Gain (Loss) (1)   1,412  
Assets, Change In Net Unrealized Gain/(Loss) 507   (1,844)  
Assets, Purchases 32,426   128,839  
Assets, Sales (32,288)   (64,169)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 260,626   260,626  
Loans | Consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 162,609   183,961  
Assets, Accreted Discounts/Amortized Premiums (6,474)   (22,432)  
Assets, Realized Gain (Loss) (1,055)   (4,565)  
Assets, Change In Net Unrealized Gain/(Loss) 28   2,726  
Assets, Purchases 33,101   103,983  
Assets, Sales (36,510)   (111,974)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 151,699   151,699  
Loans | Corporate loan [Member]        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 5,000   0  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) 0   0  
Assets, Change In Net Unrealized Gain/(Loss) 0   0  
Assets, Purchases 10,790   15,790  
Assets, Sales 0   0  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 15,790   15,790  
Investment in unconsolidated entities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 69,676   72,298  
Assets, Accreted Discounts/Amortized Premiums 0   276  
Assets, Realized Gain (Loss) (139)   1,545  
Assets, Change In Net Unrealized Gain/(Loss) 2,935   5,125  
Assets, Purchases 9,643   40,097  
Assets, Sales (11,680)   (48,906)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 70,435   70,435  
Change in unrealized gain (loss), assets 3,300   2,400  
Financial Derivatives - Assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance   2,591   3,140
Assets, Accreted Discounts/Amortized Premiums   0   0
Assets, Realized Gain (Loss)   (986)   (739)
Assets, Change In Net Unrealized Gain/(Loss)   1,307   759
Assets, Purchases   27   72
Assets, Sales   (1,424)   (1,717)
Assets, Transfers into Level 3   0   0
Assets, Transfers out of Level 3   0   0
Assets, Ending Balance   1,515   1,515
Change in unrealized gain (loss), assets 100 (100) (200) (600)
Financial Derivatives - Assets | Total return swaps        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 87   0  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) (15)   1  
Assets, Change In Net Unrealized Gain/(Loss) 148   235  
Assets, Purchases 0   0  
Assets, Sales 15   (1)  
Assets, Transfers into Level 3 0   0  
Assets, Transfers out of Level 3 0   0  
Assets, Ending Balance 235   235  
Financial Derivatives - Assets | Credit default swaps on asset-backed securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,090 2,591 1,472 3,140
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) 16 (986) 419 (739)
Assets, Change In Net Unrealized Gain/(Loss) (12) 1,307 (394) 759
Assets, Purchases 10 27 18 72
Assets, Sales (26) (1,424) (437) (1,717)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 1,078 $ 1,515 1,078 $ 1,515
Financial Derivatives - Liabilities | Total return swaps        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance 0   0  
Liabilities, Accreted Discounts/Amortized Premiums 0   0  
Liabilities, Realized Gain/(Loss) 48   48  
Liabilities, Change In Net Unrealized Gain/(Loss) (214)   (214)  
Liabilities, Payments 0   0  
Liabilities, Issuances (48)   (48)  
Liabilities, Transfers into Level 3 0   0  
Liabilities, Transfers out of Level 3 0   0  
Liabilities, Ending Balance $ (214)   $ (214)