Loan Securitization/Sale Activities (Tables)

9 Months Ended

Sep. 30, 2017

Summary of fair value and par value of loans sold and amount of sale proceeds used in part to repay the outstanding balance of the repurchase agreements associated with the loans

The following summarizes the fair value and par value of loans sold from our conduit platform, as well as the amount of sale proceeds used in part to repay the outstanding balance of the repurchase agreements associated with these loans for the three and nine months ended September 30, 2017 and 2016 (amounts in thousands):

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Fair value of loans sold	$	517,351	$	648,179	$	987,828	$	1,123,512
Par value of loans sold		498,022		599,997		938,879		1,056,859
Repayment of repurchase agreements		376,687		366,268		709,666		709,049

Lending Segment

Summary of loans sold and loans transferred as secured borrowings by the Lending segment net of expenses

The following table summarizes our loans sold and loans transferred as secured borrowings by the Lending Segment net of expenses (amounts in thousands):

					Loan Transfers
	Loan Transfers Accounted				Accounted for as Secured
	for as Sales				Borrowings
	Face Amount		Proceeds		Face Amount		Proceeds
For the Three Months Ended September 30,
2017	$	—	$	—	$	75,000	$	74,200
2016		116,000		115,157		—		—
For the Nine Months Ended September 30,
2017	$	38,750	$	37,079	$	75,000	$	74,200
2016		238,514		236,433		—		—