XML 68 R54.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loans - Ratings (Details)
3 Months Ended
Mar. 31, 2017
USD ($)
loan
Dec. 31, 2016
USD ($)
Investments in loans    
Total gross loans $ 6,615,568,000 $ 5,956,062,000
Total gross loans (as a percent) 100.00% 100.00%
Number of impaired individual mortgage loans held-for-investment | loan 0  
Amount of loan impairment charges on individual loans held-for-investment $ 0  
Carrying amount of loans 90 days or more past due 0  
Rating 1    
Investments in loans    
Total gross loans $ 868,000 $ 921,000
Rating 1 | Maximum    
Investments in loans    
LTV (as a percent) 65.00%  
Rating 2    
Investments in loans    
Total gross loans $ 1,514,519,000 $ 1,349,603,000
Total gross loans (as a percent) 22.90% 22.60%
Rating 2 | Maximum    
Investments in loans    
LTV (as a percent) 70.00%  
Rating 3    
Investments in loans    
Total gross loans $ 4,260,376,000 $ 4,025,809,000
Total gross loans (as a percent) 64.40% 67.60%
Rating 3 | Maximum    
Investments in loans    
LTV (as a percent) 80.00%  
Rating 4    
Investments in loans    
Total gross loans $ 442,682,000 $ 458,133,000
Total gross loans (as a percent) 6.70% 7.70%
Allowance for loan losses as a percent of carrying amount 1.50%  
Rating 4 | Minimum    
Investments in loans    
LTV (as a percent) 80.00%  
Rating 4 | Maximum    
Investments in loans    
LTV (as a percent) 90.00%  
Rating 5    
Investments in loans    
Total gross loans $ 56,857,000 $ 58,317,000
Total gross loans (as a percent) 0.90% 1.00%
Allowance for loan losses as a percent of carrying amount 5.00%  
Rating 5 | Minimum    
Investments in loans    
LTV (as a percent) 90.00%  
N/A    
Investments in loans    
Total gross loans $ 340,266,000 $ 63,279,000
Total gross loans (as a percent) 5.10% 1.10%
Total loans held-for-investment    
Investments in loans    
Total gross loans $ 6,240,302,000 $ 5,857,783,000
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans    
Investments in loans    
Total gross loans 5,212,199,000 4,865,994,000
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 1    
Investments in loans    
Total gross loans 868,000 921,000
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 2    
Investments in loans    
Total gross loans 1,241,424,000 1,092,731,000
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 3    
Investments in loans    
Total gross loans 3,529,411,000 3,348,874,000
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 4    
Investments in loans    
Total gross loans 383,639,000 365,151,000
Total loans held-for-investment | First Mortgages, excluding Cost Recovery Loans | Rating 5    
Investments in loans    
Total gross loans 56,857,000 58,317,000
Total loans held-for-investment | Subordinated mortgages    
Investments in loans    
Total gross loans 294,754,000 278,032,000
Total loans held-for-investment | Subordinated mortgages | Rating 2    
Investments in loans    
Total gross loans 27,280,000 27,069,000
Total loans held-for-investment | Subordinated mortgages | Rating 3    
Investments in loans    
Total gross loans 267,474,000 250,963,000
Total loans held-for-investment | Mezzanine Loans    
Investments in loans    
Total gross loans 733,349,000 713,757,000
Total loans held-for-investment | Mezzanine Loans | Rating 2    
Investments in loans    
Total gross loans 210,815,000 194,803,000
Total loans held-for-investment | Mezzanine Loans | Rating 3    
Investments in loans    
Total gross loans 463,491,000 425,972,000
Total loans held-for-investment | Mezzanine Loans | Rating 4    
Investments in loans    
Total gross loans 59,043,000 92,982,000
Loans held-for-sale    
Investments in loans    
Total gross loans 340,266,000 63,279,000
Loans held-for-sale | N/A    
Investments in loans    
Total gross loans 340,266,000 63,279,000
Loans transferred as secured borrowings    
Investments in loans    
Total gross loans 35,000,000 35,000,000
Loans transferred as secured borrowings | Rating 2    
Investments in loans    
Total gross loans $ 35,000,000 $ 35,000,000