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Investment Securities (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Investment Securities          
Investment securities       $ 807,618 $ 724,947
Purchases $ 360,341 $ 182,018 $ 189,422    
Sales 18,725 6,410 100,166    
Principal collections 108,790 428,569 54,295    
Before consolidation of securitization VIEs          
Investment Securities          
Investment securities       $ 1,766,642 $ 1,550,166
Available-for-sale | One-month LIBOR          
Investment Securities          
Effective variable rate basis (as a percent)       0.772% 0.43%
Held-to-maturity          
Investment Securities          
Investment securities       $ 509,980 $ 321,244
Purchases 204,730 167,365 69,300    
Principal collections 6,910 292,587 45    
RMBS          
Investment Securities          
Purchase Amortized Cost       219,171 149,102
Credit OTTI       (10,185) (10,185)
Recorded Amortized Cost       208,986 138,917
Non-Credit OTTI       (94) (340)
Gross Unrealized Gains       45,113 37,647
Gross Unrealized Losses       (90)  
Net Fair Value Adjustment       44,929 37,307
Fair Value       253,915 176,224
RMBS | Available-for-sale          
Investment Securities          
Investment securities       253,915 176,224
Purchases 98,035        
Sales     68,134    
Principal collections 43,445 35,244 53,126    
Portion of securities with variable rate       $ 211,100 $ 122,700
Portion of securities with variable rate (as a percent)       83.20% 69.70%
Principal balance       $ 399,883 $ 233,976
Accretable yield (68,345) (85,495) (85,495) (64,290) (68,345)
Non-accretable difference       (126,607) (26,714)
Total discount       (190,897) (95,059)
Amortized cost       208,986 138,917
Credit deteriorated RMBS       371,500 199,000
Accretable yield related to credit deteriorated RMBS       $ 55,900 $ 57,700
Changes to accretable yield          
Balance at the beginning of the period 68,345 85,495      
Accretion of discount (15,479) (20,625)      
Purchases 11,349        
Transfer to/from non-accretable difference 75 3,475      
Balance at the end of the period 64,290 68,345 85,495    
Changes to non accretable difference          
Balance at the beginning of the period 26,714 31,752      
Principal write-downs 953 (1,563)      
Purchases 99,015        
Transfer to/from non-accretable difference (75) (3,475)      
Balance at the end of the period $ 126,607 $ 26,714 31,752    
RMBS | Available-for-sale | LIBOR          
Investment Securities          
Variable rate, weighted average spread (as a percent) 1.22% 0.43%      
RMBS | Available-for-sale | B-          
Investment Securities          
Weighted Average Coupon (as a percent)       2.10% 1.30%
WAL 6 years 1 month 6 days 6 years 2 months 12 days      
CMBS | Available-for-sale          
Investment Securities          
Principal collections   $ 92,018 1,121    
CMBS | Fair value option          
Investment Securities          
Portion of securities with variable rate       $ 0  
CMBS | Fair value option | C          
Investment Securities          
Weighted Average Coupon (as a percent)       5.50%  
WAL 4 years        
CMBS | Fair value option | D          
Investment Securities          
Weighted Average Coupon (as a percent)         3.90%
WAL   7 years 4 months 24 days      
CMBS | Fair value option | VIE eliminations          
Investment Securities          
Investment securities       $ (959,024) $ (825,219)
CMBS | Fair value option | Before consolidation of securitization VIEs          
Investment Securities          
Investment securities       990,570 1,038,200
Equity security | Fair value option          
Investment Securities          
Investment securities       12,177 14,498
CMBS, fair value option          
Investment Securities          
Amount not rated       $ 5,100 $ 51,300
CMBS, fair value option | Fair value option          
Investment Securities          
Purchases $ 57,576 $ 14,653 120,122    
Sales 18,725 6,410 32,032    
Principal collections $ 58,435 $ 8,720 $ 3