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Residential Whole Loans and Bridge Loans - Summary of the Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Variable Interest Entity [Line Items]      
Cash and cash equivalents $ 40,193 $ 31,613 $ 31,331
Residential Whole Loans, at fair value ($1,023,502 and $1,008,782 pledged as collateral, at fair value, respectively) 1,023,502 1,008,782  
Residential Bridge Loans ($5,428 and $12,813 at fair value and $5,207 and $12,960 pledged as collateral, respectively) 5,207 12,960  
Investment related receivable 22,133 30,576  
Interest receivable 11,823 13,568  
Other assets 45,364 3,152  
Total assets [1] 2,825,700 3,336,009  
Securitized debt, at fair value 1,863,488 2,446,012  
Interest payable 10,272 12,006  
Accounts payable and accrued expenses 4,842 2,686  
Total liabilities [2] 2,621,371 3,080,895  
VIE      
Variable Interest Entity [Line Items]      
Cash and cash equivalents 266 0  
Residential Whole Loans, at fair value ($1,023,502 and $1,008,782 pledged as collateral, at fair value, respectively) 1,023,502 1,008,782  
Residential Bridge Loans ($5,428 and $12,813 at fair value and $5,207 and $12,960 pledged as collateral, respectively) 5,207 12,960  
Investment related receivable 22,087 27,987  
Interest receivable 10,572 10,936  
Other assets 0 80  
Total assets 2,432,064 2,810,678  
Securitized debt, at fair value 1,863,488 2,446,012  
Interest payable 6,480 7,882  
Accounts payable and accrued expenses 78 89  
Total liabilities 1,870,306 2,530,115  
Residential Whole-Loan And Residential Bridge Loan | VIE      
Variable Interest Entity [Line Items]      
Cash and cash equivalents 266 0  
Residential Whole Loans, at fair value ($1,023,502 and $1,008,782 pledged as collateral, at fair value, respectively) 1,023,502 1,008,782  
Residential Bridge Loans ($5,428 and $12,813 at fair value and $5,207 and $12,960 pledged as collateral, respectively) 5,207 12,960  
Investment related receivable 22,087 27,987  
Interest receivable 5,282 4,688  
Other assets 0 80  
Total assets 1,056,344 1,054,497  
Securitized debt, at fair value 519,118 892,290  
Interest payable 1,316 2,222  
Accounts payable and accrued expenses 69 77  
Total liabilities $ 520,503 $ 894,589  
[1]
 December 31, 2021December 31, 2020
(1) Assets of consolidated VIEs included in the total assets above:
Cash and cash equivalents$266 $— 
Restricted cash260 76,132 
Residential Whole Loans, at fair value ($1,023,502 and $1,008,782 pledged as collateral, at fair value, respectively)
1,023,502 1,008,782 
Residential Bridge Loans ($5,207 and $11,858 at fair value and $5,207 and $12,960 pledged as collateral, respectively)
5,207 12,960 
Securitized commercial loans, at fair value1,355,808 1,605,335 
Commercial Loans, at fair value ($14,362 and $68,466 pledged as collateral, at fair value, respectively)
14,362 68,466 
Investment related receivable22,087 27,987 
Interest receivable10,572 10,936 
Other assets— 80 
Total assets of consolidated VIEs$2,432,064 $2,810,678 
[2] Liabilities of consolidated VIEs included in the total liabilities above:
Securitized debt, net ($1,344,370 and $1,553,722 at fair value and $180,116 and $215,753 held by affiliates, respectively)
$1,863,488 $2,446,012 
Interest payable (includes $699 and $784 on securitized debt held by affiliates, respectively)
6,480 7,882 
Accounts payable and accrued expenses78 89 
Other liabilities260 76,132 
Total liabilities of consolidated VIEs$1,870,306 $2,530,115