XML 102 R88.htm IDEA: XBRL DOCUMENT v3.20.2
Real Estate Securities - Additional Information (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
investment
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
investment
Sep. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
investment
Investment Holdings [Line Items]            
Real estate securities $ 144,162,000   $ 144,162,000     $ 860,540,000
Trading securities acquired 11,000,000 $ 66,000,000 78,000,000 $ 335,000,000    
Trading securities sold 16,000,000 236,000,000 721,000,000 397,000,000    
Increase (decrease) in valuation of trading securities (4,000,000) 15,000,000 (225,000,000) 56,000,000    
Available-for-sale securities 207,173,000   207,173,000     $ 239,334,000
Available-for-sale securities purchased 25,000,000 12,000,000 57,000,000 21,000,000    
Available-for-sale securities sold 0 15,000,000 55,000,000 82,000,000    
Net realized gains on AFS securities $ 0 $ 4,000,000 $ 5,000,000 $ 13,000,000    
Number of AFS securities (in investments) | investment 96   96     107
Number of securities in unrealized loss position | investment 7   7     1
Number of securities in a continuous unrealized loss position for twelve consecutive months or longer (in investments) | investment 0   0     1
Gross unrealized losses $ 2,507,000   $ 2,507,000     $ 29,000
CECL credit allowance 1,027,000   1,027,000   $ 1,471,000 0
Interest Only Senior Trading Securities            
Investment Holdings [Line Items]            
Debt securities, trading 28,000,000   28,000,000     64,000,000
Unpaid principal balance 0   0     84,000,000
Certificated Servicing Strips            
Investment Holdings [Line Items]            
Debt securities, trading 12,000,000   12,000,000     36,000,000
Re-preforming Loans Securities            
Investment Holdings [Line Items]            
Debt securities, trading 60,000,000   60,000,000     161,000,000
Third Party Multifamily Mortgage-backed Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 48,000,000   48,000,000     9,000,000
Residential            
Investment Holdings [Line Items]            
Available-for-sale securities 160,000,000   160,000,000     230,000,000
AFS securities, contractual maturities 45,000,000   45,000,000      
Marketable securities, due from five to ten years 3,000,000   3,000,000      
CECL credit allowance 43,186,000   43,186,000   $ 37,785,000 32,940,000
Residential | Sequoia Choice            
Investment Holdings [Line Items]            
Available-for-sale securities 124,000,000   124,000,000     141,000,000
Residential | Other Third Party Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 35,000,000   35,000,000     90,000,000
Mezzanine            
Investment Holdings [Line Items]            
Available-for-sale securities 2,016,000   2,016,000     13,687,000
Gross unrealized losses 0   0     0
CECL credit allowance 0   0      
Mezzanine | Re-preforming Loans Securities            
Investment Holdings [Line Items]            
Real estate securities 0   0     30,000,000
Mezzanine | Trading securities            
Investment Holdings [Line Items]            
Unpaid principal balance 4,000,000   4,000,000     537,000,000
Mezzanine | Sequoia securities            
Investment Holdings [Line Items]            
Real estate securities 4,000,000   4,000,000     39,000,000
Mezzanine | Subordinate Securities            
Investment Holdings [Line Items]            
Real estate securities 3,651,000   3,651,000     538,489,000
Available-for-sale securities 2,016,000   2,016,000     13,687,000
Mezzanine | Third Party Multifamily Mortgage-backed Securities            
Investment Holdings [Line Items]            
Real estate securities 0   0     395,000,000
Mezzanine | Other Third Party Securities            
Investment Holdings [Line Items]            
Real estate securities 0   0     104,000,000
Subordinate Securities            
Investment Holdings [Line Items]            
Available-for-sale securities 205,157,000   205,157,000     199,855,000
Gross unrealized losses 2,507,000   2,507,000     0
CECL credit allowance 1,027,000   1,027,000      
Subordinate Securities | Re-preforming Loans Securities            
Investment Holdings [Line Items]            
Real estate securities 51,000,000   51,000,000     76,000,000
Subordinate Securities | Other Third Party Securities            
Investment Holdings [Line Items]            
Real estate securities 55,000,000   55,000,000     82,000,000
Subordinate Securities | Credit Risk Transfer (CRT) Securities            
Investment Holdings [Line Items]            
Real estate securities 50,000,000   50,000,000     90,000,000
Residential Subordinate Securities | Trading securities            
Investment Holdings [Line Items]            
Unpaid principal balance 266,000,000   266,000,000     302,000,000
Subordinate | Subordinate Securities            
Investment Holdings [Line Items]            
Real estate securities 112,420,000   112,420,000     171,984,000
Available-for-sale securities $ 205,157,000   $ 205,157,000     $ 199,855,000