XML 34 R69.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Taxes [Abstract]                      
Percentage of taxable income that must be distributed to qualify as a REIT                 90.00%    
Components of Income Tax Expense (Benefit) [Abstract]                      
Current federal income tax expense (benefit)                 $ 0 $ 116 $ (575)
Current state income tax expense (benefit)                 0 35 (62)
Deferred federal income tax expense (benefit)                 (15,360) 1,009 1,046
Deferred state income tax expense (benefit)                 (1,462) 228 192
Provision for (Benefit from) Corporate Business Taxes $ (1,842) $ (5,643) $ (4,372) $ (4,965) $ (3,137) $ 729 $ 1,161 $ 2,635 (16,822) [1] 1,388 [1] 601 [1]
Effective Income Tax Rate Reconciliation, Amount [Abstract]                      
Computed income tax (benefit) expense at federal rate                 (12,665) 8,225 17,015
State taxes (benefit), net of federal tax, if applicable                 (1,213) 222 115
Tax benefit due to federal rate change                 0 0 (431)
Tax provision due to State tax rate change                 (249) 0 0
Provision to return adjustment                 5 181 (117)
REIT income not subject to tax (benefit)                 (2,700) (7,240) (15,981)
Provision for (Benefit from) Corporate Business Taxes (1,842) $ (5,643) $ (4,372) $ (4,965) (3,137) $ 729 $ 1,161 $ 2,635 $ (16,822) [1] $ 1,388 [1] $ 601 [1]
Effective Income Tax Rate Reconciliation, Percent [Abstract]                      
Computed income tax (benefit) expense at federal rate                 21.00% 21.00% 35.00%
State taxes (benefit), net of federal tax, if applicable                 2.00% 0.60% 0.20%
Tax benefit due to federal rate change                 0.000 0.000 (0.009)
Tax provision due to State tax rate change                 0.004 0.000 0.000
Provision to return adjustment                 0.00% 0.50% (0.20%)
REIT income not subject to tax (benefit)                 4.50% (18.60%) (32.90%)
Provision for (Benefit from) Corporate Business Taxes/Effective Tax Rate [1]                 27.90% 3.50% 1.20%
Income taxes payable [Abstract]                      
Federal income taxes payable                 $ 0 $ 116 $ 0
State and local income taxes payable                 0 35 0
Income taxes payable                 0 151 0
Deferred tax (assets) liabilities [Abstract]                      
Deferred tax - organizational expenses 0       (4)       0 (4) (10)
Deferred tax - mortgage servicing rights (13,045)       2,082       (13,045) 2,082 909
Deferred tax - net operating loss (1,699)       0       (1,699) 0 (56)
Total net deferred tax assets (14,744)               (14,744)    
Total net deferred tax liabilities         2,078         2,078 843
Valuation allowance 0       0       0 0 0
Accrued penalties or Interest $ 0       $ 0       $ 0 $ 0  
Decrease in income tax expense                     $ (459)
[1] The provision for income taxes is recorded at the TRS level.