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Valuation (Significant Unobservable Inputs Rollforward) (Details) - Level 3 - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance $ 1,998,486 $ 1,744,583 $ 1,959,802 $ 1,721,275  
Assets, Accreted Discounts/Amortized Premiums (6,514) (12,017) (10,478) (22,172)  
Assets, Realized Gain (Loss) 1,957 (15,955) 3,344 (9,138)  
Assets, Change In Net Unrealized Gain/(Loss) 28,673 33,602 47,598 (59,126)  
Assets, Purchases 526,832 126,648 891,873 572,618  
Assets, Sales 350,732 142,750 (671,899) (421,684)  
Assets, Transfers into Level 3 13,806 169,618 12,005 130,091  
Assets, Transfers out of Level 3 (31,396) 18,879 (51,133) (27,014)  
Assets, Ending Balance 2,181,112 1,884,850 2,181,112 1,884,850  
Liabilities, Begining Balance (911,594) (550,507) (755,405) (594,832)  
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0  
Liabilities, Realized Gain/(Loss) (860) (536) (1,360) (504)  
Liabilities, Change In Net Unrealized Gain/(Loss) 2,287 (719) 3,676 (1,098)  
Liabilities Purchases/Payments 231,713 42,047 325,143 86,761  
Liabilities, Sales/Issuance 324,639 233,050 (575,147) (233,092)  
Liabilities, Transfers into Level 3 0 0 0 0  
Liabilities, Transfers out of Level 3 0 0 0 0  
Liabilities, Ending Balance (1,003,093) (742,765) (1,003,093) (742,765)  
Non-Agency RMBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 114,464   114,464   $ 127,838
CMBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 17,025   17,025   63,148
CLOs          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 33,989   33,989   111,100
Asset-backed securities, backed by consumer loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 69,254   69,254   44,925
Corporate loan [Member]          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 16,584   16,584    
Investment in unconsolidated entities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 178,979   178,979   141,620
Investment in unconsolidated entities | Measurement Input, Net Asset Value | Enterprise Value          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 75,820   75,820   $ 62,084
Investment in unconsolidated entities | Measurement Input, Exercise Price | Valuation, Cost Approach          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Total assets 10,067   10,067    
Other secured borrowings, at fair value          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Liabilities, Payments       86,257  
Liabilities, Issuances       (233,092)  
Liabilities, Begining Balance (911,256) (549,668) (754,921) (594,396)  
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0  
Liabilities, Realized Gain/(Loss) 0 0 0 0  
Liabilities, Change In Net Unrealized Gain/(Loss) 2,005 (1,481) 3,248 (1,457)  
Liabilities Purchases/Payments 230,853 41,553 323,783    
Liabilities, Sales/Issuance 324,639 233,092 (575,147)    
Liabilities, Transfers into Level 3 0 0 0 0  
Liabilities, Transfers out of Level 3 0 0 0 0  
Liabilities, Ending Balance (1,003,037) (742,688) (1,003,037) (742,688)  
Change in unrealized gains (losses), liabilities 2,000 (1,500) 3,200 (1,500)  
Financial Derivatives - Liabilities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Change in unrealized gains (losses), liabilities 300 800 400 (100)  
Financial Derivatives - Liabilities | Total return swaps          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Liabilities, Begining Balance (338) (839) (484)    
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0    
Liabilities, Realized Gain/(Loss) (860) (536) (1,360)    
Liabilities, Change In Net Unrealized Gain/(Loss) 282 762 428    
Liabilities Purchases/Payments 860 494 1,360    
Liabilities, Sales/Issuance 0 (42) 0    
Liabilities, Transfers into Level 3 0 0 0    
Liabilities, Transfers out of Level 3 0 0 0    
Liabilities, Ending Balance (56) (77) (56) (77)  
Securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Change in unrealized gain (loss), assets 10,400 9,300 11,900 (87,800)  
Securities | Agency RMBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 17,402 20,981 11,663 19,904  
Assets, Accreted Discounts/Amortized Premiums (833) (1,525) (1,779) (3,245)  
Assets, Realized Gain (Loss) 1,510 (1) 959 (2)  
Assets, Change In Net Unrealized Gain/(Loss) (1,389) (592) (1,571) 2,163  
Assets, Purchases 0 3,448 555 5,660  
Assets, Sales 4,528 0 (1,533) 0  
Assets, Transfers into Level 3 1,897 393 4,567 411  
Assets, Transfers out of Level 3 4,123 9,797 (2,925) (11,984)  
Assets, Ending Balance 9,936 12,907 9,936 12,907  
Securities | Non-Agency RMBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 127,329 94,197 127,838 89,581  
Assets, Accreted Discounts/Amortized Premiums 604 413 1,248 510  
Assets, Realized Gain (Loss) 2,576 444 2,351 406  
Assets, Change In Net Unrealized Gain/(Loss) (137) 3,282 (740) (7,809)  
Assets, Purchases 1,782 26,811 22,392 62,724  
Assets, Sales 14,497 10,744 (33,076) (27,817)  
Assets, Transfers into Level 3 4,299 20,959 5,834 15,281  
Assets, Transfers out of Level 3 7,492 6,755 (11,383) (4,269)  
Assets, Ending Balance 114,464 128,607 114,464 128,607  
Securities | CMBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 17,294 20,276 63,148 29,805  
Assets, Accreted Discounts/Amortized Premiums (13) 187 319 433  
Assets, Realized Gain (Loss) 0 (2,253) 1,931 (867)  
Assets, Change In Net Unrealized Gain/(Loss) 1,249 3,199 5,029 (8,279)  
Assets, Purchases 0 2,966 0 40,235  
Assets, Sales 0 3,750 (41,088) (32,289)  
Assets, Transfers into Level 3 3,353 47,397 0 44,886  
Assets, Transfers out of Level 3 4,858 2,327 12,314 8,229  
Assets, Ending Balance 17,025 65,695 17,025 65,695  
Securities | CLOs          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 37,585 43,804 111,100 44,979  
Assets, Accreted Discounts/Amortized Premiums 272 (236) 1,240 (41)  
Assets, Realized Gain (Loss) (2,497) (12,850) (1,754) (7,518)  
Assets, Change In Net Unrealized Gain/(Loss) 9,155 4,806 16,208 (28,099)  
Assets, Purchases 140 73 104 61,933  
Assets, Sales 0 0 (70,002) (1,769)  
Assets, Transfers into Level 3 4,257 100,869 1,604 69,513  
Assets, Transfers out of Level 3 14,923 0 (24,511) (2,532)  
Assets, Ending Balance 33,989 136,466 33,989 136,466  
Securities | Asset-backed securities, backed by consumer loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 59,473 54,627 44,925 48,610  
Assets, Accreted Discounts/Amortized Premiums (1,326) (1,104) (1,983) (2,148)  
Assets, Realized Gain (Loss) 146 (46) 179 (196)  
Assets, Change In Net Unrealized Gain/(Loss) (1,098) (306) (1,583) (2,666)  
Assets, Purchases 21,478 1,274 45,812 17,545  
Assets, Sales 9,419 6,504 (18,096) (13,204)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 69,254 47,941 69,254 47,941  
Securities | Corporate debt securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 4,761 610 4,082 1,113  
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0  
Assets, Realized Gain (Loss) 47 208 227 208  
Assets, Change In Net Unrealized Gain/(Loss) 177 578 183 483  
Assets, Purchases 591 3,411 1,617 3,421  
Assets, Sales 132 2,856 (665) (3,274)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 5,444 1,951 5,444 1,951  
Securities | Corporate equity securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 4,120 712 1,590 1,394  
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0  
Assets, Realized Gain (Loss) 0 7 (385) 7  
Assets, Change In Net Unrealized Gain/(Loss) 1,711 319 2,315 (668)  
Assets, Purchases 2,666 58 4,977 363  
Assets, Sales 0 12 0 (12)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 8,497 1,084 8,497 1,084  
Loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Change in unrealized gain (loss), assets 100 16,300 2,300 (14,100)  
Loans | Residential mortgage loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 1,280,637 939,372 1,187,069 932,203  
Assets, Accreted Discounts/Amortized Premiums (3,240) (1,948) (5,711) (2,406)  
Assets, Realized Gain (Loss) 267 (781) 462 (576)  
Assets, Change In Net Unrealized Gain/(Loss) (528) 15,660 1,686 (8,663)  
Assets, Purchases 327,697 70,163 549,778 201,233  
Assets, Sales 159,182 74,019 (287,633) (173,344)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 1,445,651 948,447 1,445,651 948,447  
Loans | Commercial mortgage loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 235,948 303,300 213,031 274,759  
Assets, Accreted Discounts/Amortized Premiums 15 97 24 96  
Assets, Realized Gain (Loss) (130) (761) 306 99  
Assets, Change In Net Unrealized Gain/(Loss) 334 195 70 (134)  
Assets, Purchases 90,332 1,159 147,499 88,727  
Assets, Sales 98,049 8,494 (132,480) (68,051)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 228,450 295,496 228,450 295,496  
Loans | Consumer loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 52,705 194,803 47,525 186,954  
Assets, Accreted Discounts/Amortized Premiums (1,993) (7,901) (3,836) (15,371)  
Assets, Realized Gain (Loss) (11) (11) (1,276) 15  
Assets, Change In Net Unrealized Gain/(Loss) 129 413 457 (5,338)  
Assets, Purchases 9,319 15,218 26,068 76,318  
Assets, Sales 8,133 35,841 (16,922) (75,897)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 52,016 166,681 52,016 166,681  
Loans | Corporate loan [Member]          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 13,226 6,114 5,855 18,510  
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 3,360 113 10,731 217  
Assets, Sales 2 0 (2) (12,500)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 16,584 6,227 16,584 6,227  
Investment in unconsolidated entities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 147,684 65,397 141,620 71,850  
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0  
Assets, Realized Gain (Loss) 33 0 161 0  
Assets, Change In Net Unrealized Gain/(Loss) 18,569 5,643 25,076 (854)  
Assets, Purchases 69,464 1,933 82,333 14,216  
Assets, Sales 56,771 420 (70,211) (12,659)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 178,979 72,553 178,979 72,553  
Change in unrealized gain (loss), assets 16,400 5,500 22,700 (1,100)  
Financial Derivatives - Assets          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Change in unrealized gain (loss), assets 400 400 500 900  
Financial Derivatives - Assets | Total return swaps          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Assets, Beginning Balance 2 37 9 620  
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0  
Assets, Realized Gain (Loss) 0 51 141 242  
Assets, Change In Net Unrealized Gain/(Loss) 518 405 512 (178)  
Assets, Purchases 0 0 0 0  
Assets, Sales 0 51 (142) (242)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance 520 442 520 442  
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 320 353 347 993  
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0  
Assets, Realized Gain (Loss) 16 38 42 (956)  
Assets, Change In Net Unrealized Gain/(Loss) (17) 0 (44) 916  
Assets, Purchases 3 21 7 26  
Assets, Sales 19 59 (49) (626)  
Assets, Transfers into Level 3 0 0 0 0  
Assets, Transfers out of Level 3 0 0 0 0  
Assets, Ending Balance $ 303 353 $ 303 353  
Financial Derivatives - Liabilities | Total return swaps          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Liabilities, Payments       504  
Liabilities, Issuances       0  
Liabilities, Begining Balance       (436)  
Liabilities, Accreted Discounts/Amortized Premiums       0  
Liabilities, Realized Gain/(Loss)       (504)  
Liabilities, Change In Net Unrealized Gain/(Loss)       359  
Liabilities, Transfers into Level 3       0  
Liabilities, Transfers out of Level 3       0  
Liabilities, Ending Balance   $ (77)   $ (77)