XML 72 R60.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Assets and Liabilities - Additional Information about Loans, Notes, Certificates and Secured Borrowings Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Loans Held for Investment        
Loans        
Outstanding Principal Balance, Beginning $ 2,829,765 $ 4,295,328 $ 3,141,391 $ 4,547,138
Valuation Adjustment, Beginning (194,352) (283,945) (209,066) (252,017)
Fair Value, Beginning 2,635,413 4,011,383 2,932,325 4,295,121
Outstanding Principal Balance, Purchases 246,450 472,630 538,564 995,865
Valuation Adjustment, Purchases 0 1 9 3
Fair Value, Purchases 246,450 472,631 538,573 995,868
Outstanding Principal Balance, Transfers from loans to loans held for sale (1,181)   (1,181)  
Valuation Adjustment, Transfers from loans to loans held for sale (22,152)   (22,152)  
Fair Value, Transfers from loans to loans held for sale (23,333)   (23,333)  
Outstanding Principal Balance, Issuances 0 0 0 0
Valuation Adjustment, Issuances 0 0 0 0
Fair Value, Issuances 0 0 0 0
Outstanding Principal Balance, Sales 0 0 0 0
Valuation Adjustment, Sales 0 0 0 0
Fair Value, Sales 0 0 0 0
Outstanding Principal Balance, Principal payments and retirements (452,718) (623,966) (953,667) (1,262,201)
Valuation Adjustment, Principal payments 0 0 0 0
Fair Value, Principal payments and retirements (452,718) (623,966) (953,667) (1,262,201)
Outstanding Principal Balance, Charge-offs (84,060) (122,376) (186,851) (259,186)
Valuation Adjustment, Charge-offs 84,060 122,376 186,851 259,186
Fair Value, Charge-offs 0 0 0 0
Outstanding Principal Balance, Recoveries 0 0 0 0
Valuation Adjustment, Recoveries (14,621) (11,703) (32,080) (22,493)
Fair Value, Recoveries (14,621) (11,703) (32,080) (22,493)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Principal, Gain (Loss) Included in Earnings 0 0 0 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Valuation Adjustment, Gain (Loss) Included in Earnings (32,562) (69,864) (103,189) (227,814)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (32,562) (69,864) (103,189) (227,814)
Outstanding Principal Balance, Ending 2,538,256 4,021,616 2,538,256 4,021,616
Valuation Adjustment, Ending (179,627) (243,135) (179,627) (243,135)
Fair Value, Ending 2,358,629 3,778,481 2,358,629 3,778,481
Loans Held For Sale        
Loans        
Outstanding Principal Balance, Beginning 0 0 0 0
Valuation Adjustment, Beginning 0 0 0 0
Fair Value, Beginning 0 0 0 0
Outstanding Principal Balance, Purchases 810,558 1,544,595 1,943,835 2,714,802
Valuation Adjustment, Purchases (1,546) 6,424 (3,318) 6,424
Fair Value, Purchases 809,012 1,551,019 1,940,517 2,721,226
Outstanding Principal Balance, Transfers from loans to loans held for sale 1,181   1,181  
Valuation Adjustment, Transfers from loans to loans held for sale 22,152   22,152  
Fair Value, Transfers from loans to loans held for sale 23,333   23,333  
Outstanding Principal Balance, Issuances 0 0 0 0
Valuation Adjustment, Issuances 0 0 0 0
Fair Value, Issuances 0 0 0 0
Outstanding Principal Balance, Sales (811,739) (1,544,595) (1,945,016) (2,714,802)
Valuation Adjustment, Sales 773 (6,424) 1,608 (6,424)
Fair Value, Sales (810,966) (1,551,019) (1,943,408) (2,721,226)
Outstanding Principal Balance, Principal payments and retirements 0 0 0 0
Valuation Adjustment, Principal payments 0 0 0 0
Fair Value, Principal payments and retirements 0 0 0 0
Outstanding Principal Balance, Charge-offs 0 0 0 0
Valuation Adjustment, Charge-offs 0 0 0 0
Fair Value, Charge-offs 0 0 0 0
Outstanding Principal Balance, Recoveries 0 0 0 0
Valuation Adjustment, Recoveries 0 0 0 0
Fair Value, Recoveries 0 0 0 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Principal, Gain (Loss) Included in Earnings 0 0 0 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Valuation Adjustment, Gain (Loss) Included in Earnings (21,379) 0 (20,442) 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (21,379) 0 (20,442) 0
Outstanding Principal Balance, Ending 0 0 0 0
Valuation Adjustment, Ending 0 0 0 0
Fair Value, Ending 0 0 0 0
Loans Invested in by Company        
Loans        
Outstanding Principal Balance, Beginning 598,092 26,648 613,652 27,860
Valuation Adjustment, Beginning (32,290) (1,867) (16,597) (1,949)
Fair Value, Beginning 565,802 24,781 597,055 25,911
Outstanding Principal Balance, Purchases 1,193,071 183,280 1,986,242 190,409
Valuation Adjustment, Purchases (2,121) (2) (2,561) (9)
Fair Value, Purchases 1,190,950 183,278 1,983,681 190,400
Outstanding Principal Balance, Transfers from loans to loans held for sale 0   0  
Valuation Adjustment, Transfers from loans to loans held for sale 0   0  
Fair Value, Transfers from loans to loans held for sale 0   0  
Outstanding Principal Balance, Sales (1,182,533) (142,355) (1,925,265) (146,584)
Valuation Adjustment, Sales 34,831 737 44,879 894
Fair Value, Sales (1,147,702) (141,618) (1,880,386) (145,690)
Outstanding Principal Balance, Principal payments and retirements (57,401) (9,319) (120,013) (11,983)
Valuation Adjustment, Principal payments 0 0 0 0
Fair Value, Principal payments and retirements (57,401) (9,319) (120,013) (11,983)
Outstanding Principal Balance, Charge-offs (4,558) (1,033) (7,945) (2,481)
Valuation Adjustment, Charge-offs 4,558 1,033 7,945 2,481
Fair Value, Charge-offs 0 0 0 0
Outstanding Principal Balance, Recoveries 0 0 0 0
Valuation Adjustment, Recoveries (180) (102) (391) (201)
Fair Value, Recoveries (180) (102) (391) (201)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Principal, Gain (Loss) Included in Earnings 0 0 0 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Valuation Adjustment, Gain (Loss) Included in Earnings (26,541) (2,171) (55,018) (3,588)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (26,541) (2,171) (55,018) (3,588)
Outstanding Principal Balance, Ending 546,671 57,221 546,671 57,221
Valuation Adjustment, Ending (21,743) (2,372) (21,743) (2,372)
Fair Value, Ending   54,849   54,849
Notes and Certificates        
Outstanding Principal Balance, Issuances       0
Valuation Adjustment, Issuances       0
Fair Value, Issuances       0
Loans Invested in by Company | Loans Held for Investment        
Loans        
Outstanding Principal Balance, Beginning 339,615 16,924 371,379 18,515
Valuation Adjustment, Beginning (22,157) (1,552) (10,149) (1,652)
Fair Value, Beginning 317,458 15,372 361,230 16,863
Outstanding Principal Balance, Purchases 1,665 5,620 3,161 6,801
Valuation Adjustment, Purchases (269) (2) (429) (8)
Fair Value, Purchases 1,396 5,618 2,732 6,793
Outstanding Principal Balance, Transfers from loans to loans held for sale (316,445)   (316,339)  
Valuation Adjustment, Transfers from loans to loans held for sale 22,152   22,152  
Fair Value, Transfers from loans to loans held for sale (294,293)   (294,187)  
Outstanding Principal Balance, Issuances       0
Valuation Adjustment, Issuances       0
Fair Value, Issuances       0
Outstanding Principal Balance, Sales 0 0 0 0
Valuation Adjustment, Sales 0 0 0 0
Fair Value, Sales 0 0 0 0
Outstanding Principal Balance, Principal payments and retirements (12,120) (1,778) (44,314) (3,262)
Valuation Adjustment, Principal payments 0 0 0 0
Fair Value, Principal payments and retirements (12,120) (1,778) (44,314) (3,262)
Outstanding Principal Balance, Charge-offs (1,954) (832) (3,126) (2,120)
Valuation Adjustment, Charge-offs 1,954 832 3,126 2,120
Fair Value, Charge-offs 0 0 0 0
Outstanding Principal Balance, Recoveries 0 0 0 0
Valuation Adjustment, Recoveries (168) (102) (367) (201)
Fair Value, Recoveries (168) (102) (367) (201)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Principal, Gain (Loss) Included in Earnings 0 0 0 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Valuation Adjustment, Gain (Loss) Included in Earnings (2,652) (592) (15,473) (1,675)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (2,652) (592) (15,473) (1,675)
Outstanding Principal Balance, Ending 10,761 19,934 10,761 19,934
Valuation Adjustment, Ending (1,140) (1,416) (1,140) (1,416)
Fair Value, Ending 9,621 18,518 9,621 18,518
Loans Invested in by Company | Loans Held For Sale        
Loans        
Outstanding Principal Balance, Beginning 258,477 9,724 242,273 9,345
Valuation Adjustment, Beginning (10,133) (315) (6,448) (297)
Fair Value, Beginning 248,344 9,409 235,825 9,048
Outstanding Principal Balance, Purchases 1,191,406 177,660 1,983,081 183,608
Valuation Adjustment, Purchases (1,852) 0 (2,132) (1)
Fair Value, Purchases 1,189,554 177,660 1,980,949 183,607
Outstanding Principal Balance, Transfers from loans to loans held for sale 316,445   316,339  
Valuation Adjustment, Transfers from loans to loans held for sale (22,152)   (22,152)  
Fair Value, Transfers from loans to loans held for sale 294,293   294,187  
Outstanding Principal Balance, Issuances       0
Valuation Adjustment, Issuances       0
Fair Value, Issuances       0
Outstanding Principal Balance, Sales (1,182,533) (142,355) (1,925,265) (146,584)
Valuation Adjustment, Sales 34,831 737 44,879 894
Fair Value, Sales (1,147,702) (141,618) (1,880,386) (145,690)
Outstanding Principal Balance, Principal payments and retirements (45,281) (7,541) (75,699) (8,721)
Valuation Adjustment, Principal payments 0 0 0 0
Fair Value, Principal payments and retirements (45,281) (7,541) (75,699) (8,721)
Outstanding Principal Balance, Charge-offs (2,604) (201) (4,819) (361)
Valuation Adjustment, Charge-offs 2,604 201 4,819 361
Fair Value, Charge-offs 0 0 0 0
Outstanding Principal Balance, Recoveries 0 0 0 0
Valuation Adjustment, Recoveries (12) 0 (24) 0
Fair Value, Recoveries (12) 0 (24) 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Principal, Gain (Loss) Included in Earnings 0 0 0 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Valuation Adjustment, Gain (Loss) Included in Earnings (23,889) (1,579) (39,545) (1,913)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (23,889) (1,579) (39,545) (1,913)
Outstanding Principal Balance, Ending 535,910 37,287 535,910 37,287
Valuation Adjustment, Ending (20,603) (956) (20,603) (956)
Fair Value, Ending 515,307 36,331 515,307 36,331
Notes, Certificates and Secured Borrowings        
Notes and Certificates        
Outstanding Principal Balance, Beginning 2,847,040 4,318,302 3,161,080 4,572,912
Valuation Adjustment, Beginning (191,623) (283,945) (206,312) (252,017)
Fair value at beginning of period 2,655,417 4,034,357 2,954,768 4,320,895
Outstanding Principal Balance, Purchases 0 0 0 0
Valuation Adjustment, Purchases 0 0 0 0
Fair Value, Purchases 0 0 0 0
Outstanding Principal Balance, Issuances 246,517 472,681 538,978 995,986
Valuation Adjustment, Issuances 0 0 0 0
Fair Value, Issuances 246,517 472,681 538,978 995,986
Outstanding Principal Balance, Sales 0 0 0 0
Valuation Adjustment, Sales 0 0 0 0
Fair Value, Sales 0 0 0 0
Outstanding Principal Balance, Principal payments and retirements (455,571) (619,889) (959,281) (1,260,994)
Valuation Adjustment, Principal payments and retirements 86 0 94 2
Fair Value, Principal payments and retirements (455,485) (619,889) (959,187) (1,260,992)
Outstanding Principal Balance, Charge-offs (84,060) (122,377) (186,851) (259,187)
Valuation Adjustment, Charge-offs 84,060 122,377 186,851 259,187
Fair Value, Charge-offs 0 0 0 0
Outstanding Principal Balance, Recoveries 0 0 0 0
Valuation Adjustment, Recoveries (14,621) (11,703) (32,080) (22,493)
Fair Value, Recoveries (14,621) (11,703) (32,080) (22,493)
Outstanding Principal Balance, Change in fair value recorded in earnings 0 0 0 0
Valuation Adjustment, Change in fair value recorded in earnings (54,748) (69,864) (125,399) (227,814)
Fair Value, Change in fair value recorded in earnings (54,748) (69,864) (125,399) (227,814)
Outstanding Principal Balance, Ending 2,553,926 4,048,717 2,553,926 4,048,717
Valuation Adjustment, Ending (176,846) (243,135) (176,846) (243,135)
Fair value at end of period 2,377,080 $ 3,805,582 2,377,080 $ 3,805,582
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Principal, Transfers 0   0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Valuation Adjustment, Transfers 0   0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net $ 0   $ 0