Variable Interest Entities ("VIEs")

12 Months Ended

Dec. 31, 2019

Variable Interest Entity Disclosure [Abstract]

Variable Interest Entities (VIEs)

Variable Interest Entities (“VIEs”)

Our maximum risk of loss in VIEs in which we are not the primary beneficiary at December 31, 2019 is presented in the table below.

$ in thousands	Carrying Amount	Company's Maximum Risk of Loss
Non-Agency CMBS	3,823,474	3,823,474
Non-Agency RMBS	955,671	955,671
Investments in unconsolidated ventures	21,998	21,998
Total	4,801,143	4,801,143

Refer to Note 4 - “Mortgage-Backed and Credit Risk Transfer Securities” and Note 5 - “Other Assets” for additional details regarding these investments.