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Fair Value Measurements - Unobservable Input Reconciliation (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Non-Agency RMBS      
Fair Value, Assets Measured on Recurring Basis [Roll Forward]      
Beginning balance Level 3 $ 2,614,408 $ 2,486,130 $ 2,486,130
Transfers in to Level 3 0 0  
Transfers out of Level 3 (135,118) 0  
Purchases of assets/ issuance of debt 19,512 497,848  
Principal payments (67,518) (415,518)  
Sales and settlements (33,797) (38,605)  
Net accretion (amortization) 10,499 95,562  
Gains (losses) included in net income      
Provision for credit losses (6,314) (4,853)  
Realized gains (losses) on sales and settlements 1,256 (1,088)  
Net unrealized gains (losses) included in income (129,627) 28,577  
Gains (losses) included in other comprehensive income      
Total unrealized gains (losses) for the period (234,019) (33,645)  
Ending balance Level 3 2,039,282   2,614,408
Variable Interest Entities, Primary Beneficiary, Aggregated Disclosure | Securitized Debt      
Fair Value, Liabilities Measured on Recurring Basis [Roll Forward]      
Securitized Debt, Beginning balance, Level 3 8,179,608 8,455,376 8,455,376
Securitized Debt, Transfers in to Level 3 assets 0 0  
Securitized Debt, Transfers out of Level 3 assets 0 0  
Securitized Debt, Purchases of assets/ issuance of debt 731,008 1,487,286  
Securitized Debt, Principal payments (386,362) (1,530,818)  
Securitized Debt, Sales and Settlements 0 (314,454)  
Securitized Debt, Net accretion (amortization) (17,893) (26,758)  
Securitized Debt, Other than temporary credit impairment losses 0 0  
Securitized Debt, Realized gains (losses) on sales and settlements 0 (9,925)  
Securitized Debt, Net unrealized gains (losses) included in income (642,165) 118,901  
Securitized Debt, Gains (losses) included in other comprehensive income 0 0  
Securitized Debt, Ending balance, Level 3 7,864,196   8,179,608
Variable Interest Entities, Primary Beneficiary, Aggregated Disclosure | Loans held for investment      
Fair Value, Assets Measured on Recurring Basis [Roll Forward]      
Beginning balance Level 3 14,292,815 12,572,581 12,572,581
Transfers in to Level 3 0 0  
Transfers out of Level 3 0 0  
Purchases of assets/ issuance of debt 183,566 5,086,491  
Principal payments (461,594) (1,717,745)  
Sales and settlements (171) (1,812,760) (1,812,760)
Net accretion (amortization) (26,284) (77,491)  
Gains (losses) included in net income      
Provision for credit losses 0 0  
Realized gains (losses) on sales and settlements 0 1,590 1,590
Net unrealized gains (losses) included in income (681,514) 240,149 240,149
Gains (losses) included in other comprehensive income      
Total unrealized gains (losses) for the period 0 $ 0  
Ending balance Level 3 $ 13,306,818   $ 14,292,815