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Valuation (Significant Unobservable Inputs Rollforward) (Details) - Level 3 - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance $ 1,884,850 $ 1,324,591 $ 1,721,275 $ 1,094,815
Assets, Accreted Discounts/Amortized Premiums (7,746) (10,822) (32,702) (29,952)
Assets, Realized Gain (Loss) 347 5,702 (8,689) 3,262
Assets, Change In Net Unrealized Gain/(Loss) 35,608 1,047 (18,457) 13,268
Assets, Purchases 250,453 330,413 782,266 814,294
Assets, Sales 188,359 173,334 (604,788) (433,042)
Assets, Transfers into Level 3 20,559 22,484 86,441 38,490
Assets, Transfers out of Level 3 99,184 12,357 (28,818) (13,411)
Assets, Ending Balance 1,896,528 1,487,724 1,896,528 1,487,724
Liabilities, Begining Balance 742,765 (475,816) (594,832) (297,948)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 4 48 (501) 48
Liabilities, Change In Net Unrealized Gain/(Loss) (5,189) (286) (6,287) (246)
Liabilities Purchases/Payments 52,346 37,259 139,108 78,887
Liabilities, Sales/Issuance 0 (48) (233,092) (219,584)
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance (695,604) (438,843) (695,604) (438,843)
Other secured borrowings, at fair value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance 742,688 (475,816) (594,396) (297,948)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 0 0 0 0
Liabilities, Change In Net Unrealized Gain/(Loss) (5,178) (72) (6,636) (32)
Liabilities, Payments 52,350 37,259 138,608 78,887
Liabilities, Issuances 0 0 (233,092) (219,536)
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance (695,516) (438,629) (695,516) (438,629)
Change in unrealized gains (losses), liabilities (5,200) (100) (6,600) (32)
Financial Derivatives - Liabilities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gains (losses), liabilities (11) (200) (100) (200)
Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets 9,300 (4,700) (56,300) (400)
Securities | Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 12,907 11,034 19,904 7,293
Assets, Accreted Discounts/Amortized Premiums (1,482) (1,164) (6,072) (2,228)
Assets, Realized Gain (Loss) 494 (621) 614 (1,228)
Assets, Change In Net Unrealized Gain/(Loss) 280 696 2,803 1,430
Assets, Purchases 3,490 13,254 8,219 14,854
Assets, Sales 2,243 0 (3,295) (463)
Assets, Transfers into Level 3 2,621 737 2,177 4,708
Assets, Transfers out of Level 3 3,927 437 (12,210) (867)
Assets, Ending Balance 12,140 23,499 12,140 23,499
Securities | Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 128,607 96,790 89,581 91,291
Assets, Accreted Discounts/Amortized Premiums 884 (121) 1,113 104
Assets, Realized Gain (Loss) (77) 7,836 303 7,187
Assets, Change In Net Unrealized Gain/(Loss) 2,610 (6,457) (1,996) (4,482)
Assets, Purchases 21,138 6,483 61,933 10,239
Assets, Sales 6,395 21,457 (29,811) (27,514)
Assets, Transfers into Level 3 10,895 5,808 22,974 14,633
Assets, Transfers out of Level 3 18,463 7,400 (4,898) (9,976)
Assets, Ending Balance 139,199 81,482 139,199 81,482
Securities | CMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 65,695 6,278 29,805 803
Assets, Accreted Discounts/Amortized Premiums 659 25 617 (16)
Assets, Realized Gain (Loss) 8 374 (867) 76
Assets, Change In Net Unrealized Gain/(Loss) 4,117 (302) (4,638) (73)
Assets, Purchases 12,699 6,815 51,432 7,937
Assets, Sales 8 1,474 (32,284) (221)
Assets, Transfers into Level 3 560 652 7,828 3,862
Assets, Transfers out of Level 3 40,921 0 9,084 0
Assets, Ending Balance 42,809 12,368 42,809 12,368
Securities | CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 136,466 17,222 44,979 14,915
Assets, Accreted Discounts/Amortized Premiums 1,962 (184) 1,237 (670)
Assets, Realized Gain (Loss) (82) 1,158 (7,586) (536)
Assets, Change In Net Unrealized Gain/(Loss) 1,920 184 (24,206) 1,889
Assets, Purchases 2,241 0 47,730 816
Assets, Sales 127 1,139 0 (1,125)
Assets, Transfers into Level 3 6,483 15,287 53,462 15,287
Assets, Transfers out of Level 3 35,873 4,520 (2,626) (2,568)
Assets, Ending Balance 112,990 28,008 112,990 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 47,941 25,019 48,610 22,800
Assets, Accreted Discounts/Amortized Premiums (1,435) (611) (3,584) (1,580)
Assets, Realized Gain (Loss) (4) (100) (200) (765)
Assets, Change In Net Unrealized Gain/(Loss) 1,165 (320) (1,501) 537
Assets, Purchases 7,455 18,638 25,001 28,189
Assets, Sales 7,824 3,310 (21,028) (9,865)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 47,298 39,316 47,298 39,316
Securities | Corporate debt securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,951 4,081 1,113 6,318
Assets, Accreted Discounts/Amortized Premiums 0 0 0 22
Assets, Realized Gain (Loss) 296 (583) 504 (928)
Assets, Change In Net Unrealized Gain/(Loss) 509 142 991 65
Assets, Purchases 28 6,425 3,450 9,257
Assets, Sales 577 6,883 (3,851) (11,552)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 2,207 3,182 2,207 3,182
Securities | Corporate equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 1,084 1,791 1,394 1,534
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) 0 (768) 7 (910)
Assets, Change In Net Unrealized Gain/(Loss) (73) (61) (741) 337
Assets, Purchases 3 1,316 366 1,317
Assets, Sales 0 0 (12) 0
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 1,014 2,278 1,014 2,278
Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets 14,200 4,100 12 10,200
Loans | Residential mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 948,447 663,880 932,203 496,829
Assets, Accreted Discounts/Amortized Premiums (2,009) (2,241) (4,414) (4,515)
Assets, Realized Gain (Loss) (146) (400) (722) 1,554
Assets, Change In Net Unrealized Gain/(Loss) 15,672 3,559 7,008 7,717
Assets, Purchases 139,609 191,512 340,842 452,958
Assets, Sales 70,864 58,582 (244,208) (156,815)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 1,030,709 797,728 1,030,709 797,728
Loans | Commercial mortgage loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 295,496 260,034 274,759 195,301
Assets, Accreted Discounts/Amortized Premiums 17 (52) 113 1,087
Assets, Realized Gain (Loss) 36 (1) 135 1,412
Assets, Change In Net Unrealized Gain/(Loss) (6) 507 (140) (1,844)
Assets, Purchases 18,881 32,426 107,608 128,839
Assets, Sales 62,193 32,288 (130,244) (64,169)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 252,231 260,626 252,231 260,626
Loans | Consumer loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 166,681 162,609 186,954 183,961
Assets, Accreted Discounts/Amortized Premiums (6,342) (6,474) (21,712) (22,432)
Assets, Realized Gain (Loss) (112) (1,055) (97) (4,565)
Assets, Change In Net Unrealized Gain/(Loss) (1,627) 28 (6,965) 2,726
Assets, Purchases 28,554 33,101 104,872 103,983
Assets, Sales 34,545 36,510 (110,443) (111,974)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 152,609 151,699 152,609 151,699
Loans | Corporate loan [Member]        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 6,227 5,000 18,510 0
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) 0 0 0 0
Assets, Change In Net Unrealized Gain/(Loss) 0 0 0 0
Assets, Purchases 836 10,790 1,053 15,790
Assets, Sales 0 0 (12,500) 0
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 7,063 15,790 7,063 15,790
Investment in unconsolidated entities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 72,553 69,676 71,850 72,298
Assets, Accreted Discounts/Amortized Premiums 0 0 0 276
Assets, Realized Gain (Loss) 62 (139) 62 1,545
Assets, Change In Net Unrealized Gain/(Loss) 11,381 2,935 10,528 5,125
Assets, Purchases 15,307 9,643 29,522 40,097
Assets, Sales 3,500 11,680 (16,159) (48,906)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 95,803 70,435 95,803 70,435
Change in unrealized gain (loss), assets 11,300 3,300 10,200 2,400
Financial Derivatives - Assets        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Change in unrealized gain (loss), assets (300) 100 600 (200)
Financial Derivatives - Assets | Total return swaps        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 442 87 620 0
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) (129) (15) 113 1
Assets, Change In Net Unrealized Gain/(Loss) (338) 148 (515) 235
Assets, Purchases 209 0 209 0
Assets, Sales 79 (15) (322) (1)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 105 235 105 235
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 353 1,090 993 1,472
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) 1 16 (955) 419
Assets, Change In Net Unrealized Gain/(Loss) (2) (12) 915 (394)
Assets, Purchases 3 10 29 18
Assets, Sales 4 26 (631) (437)
Assets, Transfers into Level 3 0 0 0 0
Assets, Transfers out of Level 3 0 0 0 0
Assets, Ending Balance 351 1,078 351 1,078
Financial Derivatives - Liabilities | Total return swaps        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance 77 0 (436) 0
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) 4 48 (501) 48
Liabilities, Change In Net Unrealized Gain/(Loss) (11) (214) 349 (214)
Liabilities, Payments (4) 0 500 0
Liabilities, Issuances 0 (48) 0 (48)
Liabilities, Transfers into Level 3 0 0 0 0
Liabilities, Transfers out of Level 3 0 0 0 0
Liabilities, Ending Balance $ (88) $ (214) $ (88) $ (214)