Quarterly report pursuant to Section 13 or 15(d)

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

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CONSOLIDATED VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Assets      
Total [1] $ 515,574 $ 581,777  
Residential mortgage loans, held-for-investment, at fair value [1] 824,183 925,706  
Carrying Value [1] 780,821 827,545  
Cash and cash equivalents [1] 360,453 528,737  
Restricted cash 147,435 162,197  
Other assets 1,971,467 1,559,467  
Total assets 24,193,475 44,863,454  
Liabilities      
Notes and bonds payable [1] 7,014,579 7,720,148  
Accrued expenses and other liabilities [1] 968,140 773,126  
Total liabilities 18,863,011 $ 37,627,194  
VIE, consolidated      
Assets      
Total 500,447   $ 674,607
Residential mortgage loans, held-for-investment, at fair value 429,318   429,229
Carrying Value 774,607   981,931
Cash and cash equivalents 52,459   46,465
Restricted cash 13,633   9,899
Other assets 17,883   24,747
Total assets 1,788,347   2,166,878
Liabilities      
Notes and bonds payable 1,458,561   1,867,011
Accrued expenses and other liabilities 9,947   9,084
Total liabilities 1,468,508   1,876,095
VIE, consolidated | The Buyer      
Assets      
Total 500,447   674,607
Residential mortgage loans, held-for-investment, at fair value 0   0
Carrying Value 0   0
Cash and cash equivalents 29,942   29,943
Restricted cash 4,808   0
Other assets 7   9,608
Total assets 535,204   714,158
Liabilities      
Notes and bonds payable 415,036   514,246
Accrued expenses and other liabilities 1,581   2,343
Total liabilities 416,617   516,589
VIE, consolidated | Shelter Joint Ventures      
Assets      
Total 0   0
Residential mortgage loans, held-for-investment, at fair value 0   0
Carrying Value 0   0
Cash and cash equivalents 22,517   16,522
Restricted cash 0   0
Other assets 4,656   701
Total assets 27,173   17,223
Liabilities      
Notes and bonds payable 0   2,225
Accrued expenses and other liabilities 4,481   0
Total liabilities 4,481   2,225
VIE, consolidated | Residential Mortgage Loans      
Assets      
Total 0   0
Residential mortgage loans, held-for-investment, at fair value 429,318   429,229
Carrying Value 0   0
Cash and cash equivalents 0   0
Restricted cash 0   0
Other assets 1,941   0
Total assets 431,259   429,229
Liabilities      
Notes and bonds payable 272,293   377,382
Accrued expenses and other liabilities 0   2,635
Total liabilities 272,293   380,017
VIE, consolidated | Consumer Loan Companies      
Assets      
Total 0   0
Residential mortgage loans, held-for-investment, at fair value 0   0
Carrying Value 774,607   981,931
Cash and cash equivalents 0   0
Restricted cash 8,825   9,899
Other assets 11,279   14,438
Total assets 794,711   1,006,268
Liabilities      
Notes and bonds payable 771,232   973,158
Accrued expenses and other liabilities 3,885   4,106
Total liabilities $ 775,117   $ 977,264
[1] See Note 13 regarding consolidated VIEs.