Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details)

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VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Servicer advance investments, at fair value [1] $ 538,056 $ 581,777
Residential mortgage loans, held-for-investment, at fair value [1] 1,359,754 1,753,251
Residential mortgage loans, held-for-investment, at fair value 5,215,703 6,042,664
Cash and cash equivalents [1] 944,854 528,737
Restricted cash 135,619 162,197
Other assets [1] 1,358,422 1,395,800
Total assets 33,252,114 44,863,454
Liabilities    
Accrued expenses and other liabilities [1] 537,302 600,790
Total liabilities 27,822,430 37,627,194
VIE, consolidated    
Assets    
Servicer advance investments, at fair value 522,901 565,271
Residential mortgage loans, held-for-investment, at fair value 358,629 913,030
Residential mortgage loans, held-for-investment, at fair value 346,250  
Residential mortgage loans, held-for-sale, at fair value 614,868  
Consumer loans, held-for-investment 682,932 818,943
Cash and cash equivalents 92,043 53,867
Restricted cash 10,898 14,423
Other assets 49,864 22,913
Total assets 2,678,385 2,388,447
Liabilities    
Secured notes and bonds payable 2,077,428 1,913,696
Accrued expenses and other liabilities 12,972 20,038
Total liabilities 2,090,400 1,933,734
The Buyer | VIE, consolidated    
Assets    
Servicer advance investments, at fair value 522,901 565,271
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0  
Residential mortgage loans, held-for-sale, at fair value 0  
Consumer loans, held-for-investment 0 0
Cash and cash equivalents 53,012 30,065
Restricted cash 2,808 5,350
Other assets 891 2,414
Total assets 579,612 603,100
Liabilities    
Secured notes and bonds payable 414,576 433,300
Accrued expenses and other liabilities 1,092 1,593
Total liabilities 415,668 434,893
Shelter Joint Ventures | VIE, consolidated    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0  
Residential mortgage loans, held-for-sale, at fair value 0  
Consumer loans, held-for-investment 0 0
Cash and cash equivalents 39,031 23,802
Restricted cash 0 0
Other assets 9,151 3,556
Total assets 48,182 27,358
Liabilities    
Secured notes and bonds payable 0 0
Accrued expenses and other liabilities 9,455 4,187
Total liabilities 9,455 4,187
Residential Mortgage Loans | VIE, consolidated    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 358,629 913,030
Residential mortgage loans, held-for-investment, at fair value 346,250  
Residential mortgage loans, held-for-sale, at fair value 614,868  
Consumer loans, held-for-investment 0 0
Cash and cash equivalents 0 0
Restricted cash 0 0
Other assets 30,621 4,534
Total assets 1,350,368 917,564
Liabilities    
Secured notes and bonds payable 1,034,093 659,738
Accrued expenses and other liabilities 1,661 10,132
Total liabilities 1,035,754 669,870
Consumer Loan SPVs | VIE, consolidated    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0  
Residential mortgage loans, held-for-sale, at fair value 0  
Consumer loans, held-for-investment 682,932 818,943
Cash and cash equivalents 0 0
Restricted cash 8,090 9,073
Other assets 9,201 12,409
Total assets 700,223 840,425
Liabilities    
Secured notes and bonds payable 628,759 820,658
Accrued expenses and other liabilities 764 4,126
Total liabilities $ 629,523 $ 824,784
[1] See Note 14 regarding consolidated variable interest entities.