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Fair Value - Schedule of Changes in Financial Assets and Liabilities Classified as Level III (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Changes in financial assets classified as Level III    
Balance at the beginning of the period $ 42,980,382 $ 51,642,978
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale (1,450,387) (1,763,252)
Net accretion $ 1,167 $ 1,222
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Available-for-sale securities Available-for-sale securities
Included in OCI $ (1,291) $ (1,104)
Purchases / Originations 289,508 69,200
Sales (218,597) (13,439)
Issuances (3,166)  
Cash repayments / receipts (50,442) (42,055)
Transfers into Level III (465,410)  
Transfers out of Level III 601,090 520,459
Deconsolidation of VIEs (616,945)  
Balance at the end of the period 41,065,909 50,414,009
Amount of unrealized gains (losses) attributable to assets    
Included in earnings (1,460,680) (1,764,726)
Included in OCI (1,291) (1,104)
Loans at Fair Value    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 2,645,637 2,784,594
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale (29,013) 8,901
Net accretion 0 0
Included in OCI 0 0
Purchases / Originations 289,508 69,200
Sales (218,597) (13,439)
Issuances 0  
Cash repayments / receipts (45,316) (38,367)
Transfers into Level III 0  
Transfers out of Level III 0 0
Deconsolidation of VIEs 0  
Balance at the end of the period 2,642,219 2,810,889
Amount of unrealized gains (losses) attributable to assets    
Included in earnings (40,815) 6,205
Included in OCI 0 0
RMBS    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 102,368 113,386
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale 0 0
Net accretion 1,167 1,222
Included in OCI (1,291) (1,104)
Purchases / Originations 0 0
Sales 0 0
Issuances 0  
Cash repayments / receipts (1,925) (2,435)
Transfers into Level III 0  
Transfers out of Level III 0 0
Deconsolidation of VIEs 0  
Balance at the end of the period 100,319 111,069
Amount of unrealized gains (losses) attributable to assets    
Included in earnings 1,167 1,222
Included in OCI (1,291) (1,104)
CMBS    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 18,600 19,108
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale 607 (19)
Net accretion 0 0
Included in OCI 0 0
Purchases / Originations 0 0
Sales 0 0
Issuances 0  
Cash repayments / receipts (63) (144)
Transfers into Level III 0  
Transfers out of Level III 0 0
Deconsolidation of VIEs 342  
Balance at the end of the period 19,486 18,945
Amount of unrealized gains (losses) attributable to assets    
Included in earnings 949 (19)
Included in OCI 0 0
Woodstar Fund investments    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 2,012,833 1,761,002
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale (3,896) 1,160
Net accretion 0 0
Included in OCI 0 0
Purchases / Originations 0 0
Sales 0 0
Issuances 0  
Cash repayments / receipts 0 0
Transfers into Level III 0  
Transfers out of Level III 0 0
Deconsolidation of VIEs 0  
Balance at the end of the period 2,008,937 1,762,162
Amount of unrealized gains (losses) attributable to assets    
Included in earnings (3,896) 1,160
Included in OCI 0 0
Domestic servicing rights    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 19,384 17,790
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale 228 304
Net accretion 0 0
Included in OCI 0 0
Purchases / Originations 0 0
Sales 0 0
Issuances 0  
Cash repayments / receipts 0 0
Transfers into Level III 0  
Transfers out of Level III 0 0
Deconsolidation of VIEs 0  
Balance at the end of the period 19,612 18,094
Amount of unrealized gains (losses) attributable to assets    
Included in earnings 228 304
Included in OCI 0 0
VIE Assets    
Changes in financial assets classified as Level III    
Balance at the beginning of the period 43,786,356 52,453,041
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale (1,530,426) (1,926,651)
Net accretion 0 0
Included in OCI 0 0
Purchases / Originations 0 0
Sales 0 0
Issuances 0  
Cash repayments / receipts 0 0
Transfers into Level III 0  
Transfers out of Level III 0 0
Deconsolidation of VIEs (622,077)  
Balance at the end of the period 41,633,853 50,526,390
Amount of unrealized gains (losses) attributable to assets    
Included in earnings (1,530,426) (1,926,651)
Included in OCI 0 0
VIE Liabilities    
Changes in financial assets classified as Level III    
Balance at the beginning of the period (5,604,796) (5,505,943)
Total realized and unrealized gains (losses):    
Change in fair value / gain on sale 112,113 153,053
Net accretion 0 0
Included in OCI 0 0
Purchases / Originations 0 0
Sales 0 0
Issuances (3,166)  
Cash repayments / receipts (3,138) (1,109)
Transfers into Level III (465,410)  
Transfers out of Level III 601,090 520,459
Deconsolidation of VIEs 4,790  
Balance at the end of the period (5,358,517) (4,833,540)
Amount of unrealized gains (losses) attributable to assets    
Included in earnings 112,113 153,053
Included in OCI $ 0 $ 0