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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2017
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
$ in thousands
Asset Type
 
Description
 
Number of
Loans
 
Interest
Rate
 
Maturity
Date
 
Periodic Payment Terms(1)
 
Prior
Liens
 
Face
Amount of
Mortgages
 
Carrying
Amount of
Mortgages
 
Principal
Amount of
Loans Subject to
Delinquent
Principal or
Interest
Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $0 - $249,999
 
152
 
Hybrid ARM 3.9% to 5.8%
 
11/1/2041 to 12/1/2047
 
P&I
 
$
—

 
$
22,929

 
$
23,457

 
$
—

Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $250,000 - $499,999
 
303
 
Hybrid ARM 3.9% to 5.9%
 
1/1/2042 to 12/1/2047
 
P&I
 
—

 
98,802

 
100,973

 
—

Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $500,000 - $749,999
 
76
 
Hybrid ARM 3.9% to 5.6%
 
2/1/2042 to 12/1/2047
 
P&I
 
—

 
42,406

 
43,278

 
579

Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $750,000 - $999,999
 
29
 
Hybrid ARM 3.9% to 5.5%
 
9/1/2042 to 11/1/2047
 
P&I
 
—

 
23,342

 
22,697

 
—

Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,000,000 - $1,249,999
 
11
 
Hybrid ARM 4.4% to 5.9%
 
5/1/2043 to 11/1/2047
 
P&I
 
—

 
11,125

 
12,457

 
—

Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,250,000 - $1,499,999
 
5
 
Hybrid ARM 4.0% to 4.9%
 
12/1/2041 to 8/1/2043
 
P&I
 
—

 
6,534

 
6,669

 
—

Adjustable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,500,000 and above
 
8
 
Hybrid ARM 4.3% to 5.3%
 
2/1/2042 to 12/1/2047
 
P&I
 
—

 
13,987

 
14,355

 
—

Variable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $0 - $249,999
 
7
 
Variable 4.5% to 4.7%
 
2/1/2044 to 6/1/2044
 
P&I
 
—

 
1,198

 
1,229

 
—

Variable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $250,000 - $499,999
 
6
 
Variable 4.4% to 4.7%
 
4/1/2044 to 6/1/2044
 
P&I
 
—

 
2,124

 
2,185

 
—

Variable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $500,000 - $749,999
 
2
 
Variable 4.4% to 4.7%
 
4/1/2044 to 5/1/2044
 
P&I
 
—

 
993

 
1,022

 
—

Variable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,250,000 - $1,499,999
 
3
 
Variable 4.5% to 4.7%
 
2/1/2044 to 5/1/2044
 
P&I
 
—

 
2,634

 
2,700

 
—

Variable Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,500,000 and above
 
1
 
Variable 4.4%
 
4/1/2044
 
P&I
 
—

 
1,400

 
1,432

 
—

Fixed Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $0 - $249,999
 
5
 
Fixed 4.9% to 6.8%
 
9/1/2026 to 12/1/2047
 
P&I
 
—

 
624

 
647

 
—

$ in thousands
Asset Type
 
Description
 
Number of
Loans
 
Interest
Rate
 
Maturity
Date
 
Periodic Payment Terms(1)
 
Prior
Liens
 
Face
Amount of
Mortgages
 
Carrying
Amount of
Mortgages
 
Principal
Amount of
Loans Subject to
Delinquent
Principal or
Interest
Fixed Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $250,000 - $499,999
 
3
 
Fixed 5.0% to 5.9%
 
9/1/2026 to 11/1/2041
 
P&I
 
—

 
659

 
683

 
—

Fixed Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $500,000 - $749,999
 
3
 
Fixed 5.4% to 5.5%
 
8/1/2034 to 12/1/2047
 
P&I
 
—

 
1,529

 
1,577

 
—

Fixed Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,000,000 - $1,249,999
 
1
 
Fixed 6.3%
 
4/1/2040
 
P&I
 
—

 
970

 
1,007

 
—

Fixed Rate Residential Mortgage Loan Held in Securitization Trusts
 
Original Loan Balance $1,250,000 - $1,499,999
 
1
 
Fixed 6.3%
 
2/1/2036
 
P&I
 
—

 
1,014

 
1,055

 
—

Fixed Rate Residential Bridge Loans Held in Securitization Trusts
 
Original Loan Balance $0 - $249,999
 
200
 
Fixed 5.8% to 18.0%
 
December 1, 2017
 
Interest Only(3)
 
—

 
30,624

 
30,960

 
1,042

Fixed Rate Residential Bridge Loans Held in Securitization Trusts
 
Original Loan Balance $250,000 - $499,999
 
76
 
Fixed 5.8% to 18.0%
 
September 1, 2017
 
Interest Only(3)
 
—

 
26,024

 
26,275

 
728

Fixed Rate Residential Bridge Loans Held in Securitization Trusts
 
Original Loan Balance $500,000 - $749,999
 
35
 
Fixed 6.0% to 11.0%
 
January 1, 2018
 
Interest Only(3)
 
—

 
20,714

 
20,819

 
—

Fixed Rate Residential Bridge Loans Held in Securitization Trusts
 
Original Loan Balance $750,000 - $999,999
 
21
 
Fixed 5.8% to 11.3%
 
January 1, 2018
 
Interest Only(3)
 
—

 
18,351

 
18,431

 
—

Fixed Rate Residential Bridge Loans Held in Securitization Trusts
 
Original Loan Balance $1,000,000 - $1,249,999
 
6
 
Fixed 9.0% to 11.0%
 
June 1, 2018
 
Interest Only(3)
 
—

 
4,875

 
4,882

 
—

Fixed Rate Residential Bridge Loans Held in Securitization Trusts
 
Original Loan Balance $1,500,000 and above
 
2
 
Fixed 8.0% to 10.0%
 
January 1, 2018
 
Interest Only(3)
 
—

 
5,280

 
5,306

 
—

Commercial Mezzanine Loan Held in Securitization Trust
 
Original Loan Balance $25,000,000
 
1
 
Fixed 9.0%
 
7/6/2020
 
P&I(2)
 
—

 
24,846

 
24,876

 
—

 
 
 
 
 
 
 
 
 
 
 
 
$
—

 
$
362,984

 
$
368,972

 
$
2,349

 

(1) Principal and interest ("P&I")
(2) Interest only payments for initial 2 years. After 2 years, monthly P&I payments are based on a 30 years amortization schedule and a balloon payment is due on the maturity date.
(3) Residential Bridge Loans are mainly interest only loans with a balloon payment at maturity.
Reconciliation of Carrying Value of Mortgage Loans on Real Estate:
 
 
2017
 
2016
 
2015
Beginning balance
 
$
216,361

 
$
243,538

 
$
7,220

Additions during period:
 
 

 
 

 
 

New mortgage loans
 
232,545

 
29,399

 
262,949

Unrealized gains
 
3,167

 
1,187

 
3,631

Deductions during period:
 
 

 
 

 
 

Collections of principal
 
80,550

 
53,714

 
29,105

Amortization of premium and (discounts)
 
1,470

 
2,044

 
1,074

Unrealized losses
 
1,081

 
2,005

 
83

Balance at end of period
 
$
368,972

 
$
216,361

 
$
243,538