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Fair Value - Level III (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total realized and unrealized gains (losses):    
Included in earnings: Net accretion $ 3,476 $ 2,783
Level III    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 63,441,439 61,317,478
Total realized and unrealized gains (losses):    
Included in earnings: Change in fair value / gain on sale (2,208,812) (3,371,299)
Included in earnings: Net accretion 2,606 2,661
Included in OCI (2,403) (15,048)
Purchases / Originations 375,270 746,880
Sales (571,927) (759,686)
Issuances (11,604) (24,376)
Cash repayments / receipts (62,032) (83,233)
Transfers into Level III (409,267) (101,265)
Transfers out of Level III 148,775 1,090,325
Consolidations of VIEs 393,373 2,406,327
Balance at the end of the period 61,095,418 61,208,764
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end (2,204,436) (3,397,959)
Amount of unrealized gains (losses) included in OCI attributable to assets still held at period end (2,403) (15,048)
Level III | Loans held-for-sale    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 1,022,979 1,436,194
Total realized and unrealized gains (losses):    
Included in earnings: Change in fair value / gain on sale (9,478) (16,134)
Purchases / Originations 375,270 746,880
Sales (571,927) (751,746)
Cash repayments / receipts (53,071) (67,397)
Balance at the end of the period 763,773 1,347,797
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end (7,708) (39,070)
Level III | RMBS    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 167,349 189,576
Total realized and unrealized gains (losses):    
Included in earnings: Net accretion 2,606 2,661
Included in OCI (2,403) (15,048)
Cash repayments / receipts (7,251) (6,549)
Balance at the end of the period 160,301 170,640
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end 2,606 2,661
Amount of unrealized gains (losses) included in OCI attributable to assets still held at period end (2,403) (15,048)
Level III | CMBS    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 19,457 25,008
Total realized and unrealized gains (losses):    
Included in earnings: Change in fair value / gain on sale 372 5,738
Sales   (7,940)
Cash repayments / receipts (573) (371)
Balance at the end of the period 19,256 22,435
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end 372 (647)
Level III | Domestic Servicing Rights    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 13,202 16,917
Total realized and unrealized gains (losses):    
Included in earnings: Change in fair value / gain on sale (796) (393)
Balance at the end of the period 12,406 16,524
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end (796) (393)
Level III | VIE Assets    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 64,238,328 62,187,175
Total realized and unrealized gains (losses):    
Included in earnings: Change in fair value / gain on sale (2,264,591) (3,506,792)
Consolidations of VIEs 393,373 2,477,422
Balance at the end of the period 62,367,110 61,157,805
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end (2,264,591) (3,506,792)
Level III | VIE liabilities    
Changes in financial assets classified as Level III    
Balance at the beginning of the period (2,019,876) (2,537,392)
Total realized and unrealized gains (losses):    
Included in earnings: Change in fair value / gain on sale 65,681 146,282
Issuances (11,604) (24,376)
Cash repayments / receipts (1,137) (8,916)
Transfers into Level III (409,267) (101,265)
Transfers out of Level III 148,775 1,090,325
Consolidations of VIEs   (71,095)
Balance at the end of the period (2,227,428) (1,506,437)
Amount of unrealized gains (losses) included in earnings attributable to assets still held at period end $ 65,681 $ 146,282