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Cash, Cash Equivalents and Restricted Cash (Tables)
 9 Months Ended
Sep. 30, 2020
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]  
Schedule of Restricted Cash and Cash Equivalents
The following table presents the Company’s restricted cash balances as of September 30, 2020 and December 31, 2019:
(in thousands)September 30,
2020		December 31,
2019
Restricted cash balances held by trading counterparties:
For securities trading activity$45,000 $45,050 
For derivatives trading activity57,355 94,570 
For servicing activities2,438 — 
As restricted collateral for borrowings
492,098 919,010 
Total restricted cash balances held by trading counterparties596,891 1,058,630 
Restricted cash balance pursuant to letter of credit on office lease60 60 
Total$596,951 $1,058,690 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands)September 30,
2020		December 31,
2019
Cash and cash equivalents$1,615,074 $558,136 
Restricted cash596,951 1,058,690 
Total cash, cash equivalents and restricted cash$2,212,025 $1,616,826