XML 22 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Securitized Mortgage Trusts
 9 Months Ended
Sep. 30, 2018
Securitized Mortgage Trusts  
Securitized Mortgage Trusts

Note 6.—Securitized Mortgage Trusts

Securitized Mortgage Trust Assets

Securitized mortgage trust assets, which are recorded at their estimated fair value, are comprised of the following at September 30, 2018 and December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

 

 

 

 

 

 

2018

 

2017

Securitized mortgage collateral

 

 

 

 

 

 

 

$

3,302,192

 

$

3,662,008

Real estate owned (REO)

 

 

 

 

 

 

 

 

9,593

 

 

8,542

Total securitized mortgage trust assets

 

 

 

 

 

 

 

$

3,311,785

 

$

3,670,550

 

Securitized Mortgage Trust Liabilities

Securitized mortgage trust liabilities, which are recorded at their estimated fair value, are comprised of the following at September 30, 2018 and December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

 

 

 

 

 

 

2018

 

2017

Securitized mortgage borrowings

 

 

 

 

 

 

    

$

3,296,242

    

$

3,653,265

 

Changes in fair value of net trust assets, including trust REO gains and losses, are comprised of the following for the three and nine months ended September 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

September 30, 

 

September 30, 

 

 

2018

 

2017

 

2018

 

2017

Change in fair value of net trust assets, excluding REO

 

$

(666)

    

$

(4,479)

    

$

(3,190)

    

$

(1,906)

(Losses) gains from REO

 

 

(649)

 

 

2,734

 

 

(46)

 

 

8,484

Change in fair value of net trust assets, including trust REO gains (losses)

 

$

(1,315)

 

$

(1,745)

 

$

(3,236)

 

$

6,578