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Investment Securities (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Sep. 30, 2017
Dec. 31, 2016
Investment Securities              
Investment securities           $ 701,818 $ 807,618
Purchases $ 61,798 $ 8,868 $ 69,231 $ 359,510      
Sales   17,456 11,134 18,725      
Principal collections 123,644 22,772 209,903 70,316      
Before consolidation of securitization VIEs              
Investment Securities              
Investment securities           $ 1,704,611 $ 1,766,642
Available-for-sale | One-month LIBOR              
Investment Securities              
Effective variable rate basis (as a percent)           1.232% 0.772%
Fair value option | VIE eliminations              
Investment Securities              
Investment securities           $ (1,002,793) $ (959,024)
Held-to-maturity              
Investment Securities              
Purchases 50,000   50,000 204,730      
Principal collections 111,671 566 172,059 5,657      
Held-to-maturity | Before consolidation of securitization VIEs              
Investment Securities              
Investment securities           411,196 509,980
RMBS              
Investment Securities              
Portion of securities with variable rate           211,600  
RMBS | Available-for-sale              
Investment Securities              
Purchases   8,868 7,433 97,204      
Principal collections 10,307 9,917 29,090 32,925      
Purchase Amortized Cost           207,492 219,171
Credit OTTI           (9,897) (10,185)
Recorded Amortized Cost           197,595 208,986
Non-Credit OTTI           (95) (94)
Gross Unrealized Gains           55,766 45,113
Gross Unrealized Losses           (14) (90)
Net Fair Value Adjustment           55,657 44,929
Fair Value           $ 253,252 253,915
Portion of securities with variable rate             $ 211,100
Portion of securities with variable rate (as a percent)           83.60% 83.20%
Principal balance           $ 379,432 $ 399,883
Accretable yield (59,777)   (64,290)   $ (64,290) (58,763) (64,290)
Non-accretable difference           (123,074) (126,607)
Total discount           (181,837) (190,897)
Amortized cost           197,595 208,986
Credit deteriorated RMBS           356,200 371,500
Accretable yield related to credit deteriorated RMBS           $ 51,800 $ 55,900
Changes to accretable yield              
Balance at the beginning of the period 59,777   64,290        
Accretion of discount (3,187)   (10,375)        
Purchases     311        
OTTI     109        
Transfer to/from non-accretable difference 2,173   4,428        
Balance at the end of the period 58,763   58,763   64,290    
Changes to non accretable difference              
Balance at the beginning of the period 126,708   126,607        
Principal write-downs (1,461)   (3,828)        
Purchases     4,723        
OTTI     109        
Transfer to/from non-accretable difference (2,173)   (4,428)        
Balance at the end of the period 123,074   $ 123,074   $ 126,607    
RMBS | Available-for-sale | LIBOR              
Investment Securities              
Variable rate, weighted average spread (as a percent)     1.21%   1.22%    
RMBS | Available-for-sale | B-              
Investment Securities              
Weighted Average Coupon (as a percent)           2.50% 2.10%
WAL     6 years 4 months 24 days   6 years 1 month 6 days    
RMBS | Available-for-sale | Before consolidation of securitization VIEs              
Investment Securities              
Investment securities           $ 253,252 $ 253,915
RMBS | Available-for-sale | Available-for-sale              
Investment Securities              
Accretable yield (58,763)   $ (64,290)   $ (64,290) (58,763) (64,290)
Changes to accretable yield              
Balance at the beginning of the period     64,290        
Balance at the end of the period 58,763   58,763   $ 64,290    
CMBS | Fair value option              
Investment Securities              
Purchases 11,798            
Sales   17,456          
Principal collections $ 1,666 $ 12,289          
CMBS | Fair value option | Before consolidation of securitization VIEs              
Investment Securities              
Investment securities           1,026,634 990,570
Equity security | Fair value option | Before consolidation of securitization VIEs              
Investment Securities              
Investment securities           13,529 $ 12,177
CMBS, fair value option              
Investment Securities              
Purchases     11,798 57,576      
Sales     11,134 18,725      
Principal collections     $ 8,754 $ 31,734      
Portion of securities with variable rate           $ 0