XML 116 R92.htm IDEA: XBRL DOCUMENT v3.22.0.1
Secured Borrowings (Details)
$ in Thousands, € in Millions
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
EUR (€)
Dec. 31, 2020
USD ($)
Secured borrowings and promissory note      
Pledged Assets Carrying Value $ 3,282,170   $ 1,693,520
Carrying Value, Secured borrowings 2,517,600   1,294,243
Secured borrowings      
Secured borrowings and promissory note      
Current facility size 4,098,351    
Pledged Assets Carrying Value 3,282,170    
Carrying Value, Secured borrowings 2,517,600   1,294,243
Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size 1,145,170    
Pledged Assets Carrying Value 576,777   557,215
Carrying Value, Secured borrowings $ 471,883   $ 466,674
Weighted average interest rate of borrowings (as a percent) 2.80% 2.80% 3.00%
Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 2,953,181    
Pledged Assets Carrying Value 2,705,393   $ 1,136,305
Carrying Value, Secured borrowings $ 2,045,717   $ 827,569
Weighted average interest rate of borrowings (as a percent) 2.10% 2.10% 3.30%
Paycheck Protection Program loans      
Secured borrowings and promissory note      
Carrying Value, Secured borrowings $ 941,505   $ 76,276
Purchased future receivables | Borrowings under credit facilities      
Secured borrowings and promissory note      
Pledged Assets Carrying Value 7,872    
JPMorgan | Acquired SBA Loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size 200,000    
Pledged Assets Carrying Value 77,534    
Carrying Value, Secured borrowings $ 54,164   36,604
JPMorgan | Acquired SBA Loans | Borrowings under credit facilities | One Month LIBOR | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.50%    
JPMorgan | Acquired SBA Loans | Borrowings under credit facilities | One Month LIBOR | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.875%    
JPMorgan | Transitional loans | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 1,000,000    
Pledged Assets Carrying Value 1,079,368    
Carrying Value, Secured borrowings $ 825,265   247,616
JPMorgan | Transitional loans | Borrowings under repurchase agreements | One Month LIBOR | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.00%    
JPMorgan | Transitional loans | Borrowings under repurchase agreements | One Month LIBOR | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.75%    
JPMorgan | Mortgage backed securities | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 83,267    
Pledged Assets Carrying Value 107,837    
Carrying Value, Secured borrowings $ 83,267   65,407
JPMorgan | Mortgage backed securities | Borrowings under repurchase agreements | Minimum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 1.15% 1.15%  
JPMorgan | Mortgage backed securities | Borrowings under repurchase agreements | Maximum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 1.71% 1.71%  
Performance Trust | Acquired loans | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 239,000    
Pledged Assets Carrying Value 142,722    
Carrying Value, Secured borrowings $ 124,057    
Performance Trust | Acquired loans | Borrowings under repurchase agreements | One Month Treasury Rate      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.00%    
Keybank | Freddie Mac Loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 100,000    
Pledged Assets Carrying Value 42,384    
Carrying Value, Secured borrowings $ 41,864   50,408
Keybank | Freddie Mac Loans | Borrowings under credit facilities | Secured Overnight Financing Rate      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 1.41%    
East West Bank | SBA loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 75,000    
Pledged Assets Carrying Value 80,556    
Carrying Value, Secured borrowings $ 58,622   40,542
East West Bank | SBA loans | Borrowings under credit facilities | Administrative agent's prime rate | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) (0.821%)    
East West Bank | SBA loans | Borrowings under credit facilities | Administrative agent's prime rate | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 0.00%    
East West Bank | Residential MSRs | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 50,000    
Pledged Assets Carrying Value 86,714    
Carrying Value, Secured borrowings $ 49,400   34,400
East West Bank | Residential MSRs | Borrowings under credit facilities | One Month LIBOR      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.50%    
Credit Suisse | Acquired loans (non USD) | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 227,400 € 200.0  
Pledged Assets Carrying Value 46,154    
Carrying Value, Secured borrowings $ 40,373   36,840
Credit Suisse | Acquired loans (non USD) | Borrowings under credit facilities | Euribor Rate | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.50%    
Credit Suisse | Acquired loans (non USD) | Borrowings under credit facilities | Euribor Rate | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 3.00%    
Credit Suisse | Residential loans | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 63,412    
Pledged Assets Carrying Value 32,779    
Carrying Value, Secured borrowings $ 27,058    
Credit Suisse | Residential loans | Borrowings under repurchase agreements | LIBOR      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 3.00%    
Credit Suisse | Purchased future receivables | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 50,000    
Pledged Assets Carrying Value 7,872    
Carrying Value, Secured borrowings $ 1,000    
Credit Suisse | Purchased future receivables | Borrowings under credit facilities | One Month LIBOR      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 4.50%    
Credit Suisse | Fixed rate, Transitional, Acquired loans | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 500,000    
Pledged Assets Carrying Value 543,139    
Carrying Value, Secured borrowings $ 403,644    
Credit Suisse | Fixed rate, Transitional, Acquired loans | Borrowings under repurchase agreements | One Month LIBOR | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.00%    
Credit Suisse | Fixed rate, Transitional, Acquired loans | Borrowings under repurchase agreements | One Month LIBOR | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.35%    
Comerica Bank | Residential loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 100,000    
Pledged Assets Carrying Value 69,194    
Carrying Value, Secured borrowings $ 63,991   78,312
Comerica Bank | Residential loans | Borrowings under credit facilities | One Month LIBOR      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 1.75%    
TBK Bank | Residential loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 150,000    
Pledged Assets Carrying Value 127,018    
Carrying Value, Secured borrowings 125,145   123,951
Origin Bank | Residential loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size 60,000    
Pledged Assets Carrying Value 16,932    
Carrying Value, Secured borrowings 16,052   27,450
Associated Bank | Residential loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size 60,000    
Pledged Assets Carrying Value 15,137    
Carrying Value, Secured borrowings $ 14,449   15,556
Associated Bank | Residential loans | Borrowings under credit facilities | One Month LIBOR      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 1.50%    
Bank of the Sierra | Real estate | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 22,770    
Carrying Value, Secured borrowings     22,611
Bank of the Sierra | Real estate | Borrowings under credit facilities | Minimum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 3.25% 3.25%  
Bank of the Sierra | Real estate | Borrowings under credit facilities | Maximum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 3.45% 3.45%  
Western Alliance | Residential loans | Borrowings under credit facilities      
Secured borrowings and promissory note      
Current facility size $ 50,000    
Pledged Assets Carrying Value 7,282    
Carrying Value, Secured borrowings 6,823    
Citibank | Fixed rate, Transitional, Acquired loans | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size 500,000    
Pledged Assets Carrying Value 165,547    
Carrying Value, Secured borrowings $ 128,851   210,735
Citibank | Fixed rate, Transitional, Acquired loans | Borrowings under repurchase agreements | One Month LIBOR | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.00%    
Citibank | Fixed rate, Transitional, Acquired loans | Borrowings under repurchase agreements | One Month LIBOR | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 3.00%    
Citibank | Mortgage backed securities | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 47,777    
Pledged Assets Carrying Value 82,260    
Carrying Value, Secured borrowings $ 47,777   58,076
Citibank | Mortgage backed securities | Borrowings under repurchase agreements | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.32%    
Pricing, stated rate (as a percent) 2.32% 2.32%  
Deutsche Bank | Fixed rate, Transitional loans | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 350,000    
Pledged Assets Carrying Value 309,295    
Carrying Value, Secured borrowings $ 236,073   190,567
Deutsche Bank | Fixed rate, Transitional loans | Borrowings under repurchase agreements | Secured Overnight Financing Rate | Minimum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 1.90%    
Deutsche Bank | Fixed rate, Transitional loans | Borrowings under repurchase agreements | Secured Overnight Financing Rate | Maximum      
Secured borrowings and promissory note      
Pricing, spread on variable (as a percent) 2.75%    
Deutsche Bank | Mortgage backed securities | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 2.37% 2.37%  
Current facility size $ 12,956    
Pledged Assets Carrying Value 19,776    
Carrying Value, Secured borrowings 12,956   16,354
RBC | Mortgage backed securities | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size 61,302    
Pledged Assets Carrying Value 90,012    
Carrying Value, Secured borrowings $ 61,302   $ 38,814
RBC | Mortgage backed securities | Borrowings under repurchase agreements | Minimum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 1.31% 1.31%  
RBC | Mortgage backed securities | Borrowings under repurchase agreements | Maximum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 1.96% 1.96%  
CSFB | Mortgage backed securities | Borrowings under repurchase agreements      
Secured borrowings and promissory note      
Current facility size $ 95,467    
Pledged Assets Carrying Value 132,658    
Carrying Value, Secured borrowings $ 95,467    
CSFB | Mortgage backed securities | Borrowings under repurchase agreements | Minimum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 2.09% 2.09%  
CSFB | Mortgage backed securities | Borrowings under repurchase agreements | Maximum      
Secured borrowings and promissory note      
Pricing, stated rate (as a percent) 2.95% 2.95%