FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES

Schedule of Pledged Securities at Fair Value

	September 30,				December 31,
(in thousands)	2019		2018		2018		2017
Pledged cash and cash equivalents:
Restricted cash	$	4,521	$	3,434	$	3,029	$	2,201
Money market funds		840		36,891		6,440		86,584
Total pledged cash and cash equivalents	$	5,361	$	40,325	$	9,469	$	88,785
Agency debt securities		114,941		68,737		106,862		9,074
Total pledged securities, at fair value	$	120,302	$	109,062	$	116,331	$	97,859

Schedule of Investment Information Related to AFS Agency Multifamily MBS

Fair Value and Amortized Cost of Agency Multifamily MBS (in thousands)	September 30, 2019		December 31, 2018
Fair value	$	114,941	$	106,862
Amortized cost		113,586		106,963
Total gains for securities with net gains in AOCI		1,481		77
Total losses for securities with net losses in AOCI		(126)		(178)

Schedule of Contractual Maturity Information Related to Multifamily Agency MBS

	September 30, 2019
Detail of Agency Multifamily MBS Maturities (in thousands)	Fair Value		Amortized Cost
Within one year	$	—	$	—
After one year through five years		941		917
After five years through ten years		93,586		93,686
After ten years		20,414		18,983
Total	$	114,941	$	113,586