Variable Interest Entities and Securitizations - Summary of the Assets and Liabilities of the Company's Consolidated Variable Interest Entities (Detail) - USD ($)
$ in Thousands |
Jun. 30, 2021 |
Mar. 31, 2021 |
Dec. 31, 2020 |
Jun. 30, 2020 |
| ASSETS |
|
|
|
|
| Restricted cash |
$ 354,390
|
|
$ 306,262
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
1,225,090
|
|
730,821
|
|
| TOTAL ASSETS |
22,227,938
|
$ 20,100,419
|
19,565,155
|
$ 18,096,000
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
5,425,732
|
|
5,271,842
|
|
| TOTAL LIABILITIES |
19,848,643
|
|
18,770,884
|
|
| Retained bonds and beneficial interests eliminated in consolidation |
(198,099)
|
|
(202,187)
|
|
| TOTAL CONSOLIDATED LIABILITIES |
5,360,720
|
|
5,258,045
|
|
| Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Restricted cash |
334,984
|
|
293,580
|
|
| Other assets |
76,056
|
|
79,528
|
|
| TOTAL ASSETS |
5,835,661
|
|
5,769,275
|
|
| LIABILITIES |
|
|
|
|
| Payables and other liabilities |
117
|
|
291
|
|
| TOTAL LIABILITIES |
5,360,720
|
|
5,258,045
|
|
| Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Restricted cash |
334,984
|
|
293,580
|
|
| Other assets |
76,056
|
|
79,528
|
|
| TOTAL ASSETS |
5,835,661
|
|
5,769,275
|
|
| LIABILITIES |
|
|
|
|
| Payables and other liabilities |
117
|
|
291
|
|
| TOTAL LIABILITIES |
5,558,819
|
|
5,460,232
|
|
| 2021 FASST JR1 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
562,333
|
|
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
507,721
|
|
|
|
| 2021 FASST JR1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
562,333
|
|
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
534,444
|
|
|
|
| 2021 FASST HB1 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
506,482
|
|
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
537,618
|
|
|
|
| 2021 FASST HB1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
506,482
|
|
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
537,618
|
|
|
|
| 2019 FASST JR2 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
437,641
|
|
488,760
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
425,568
|
|
463,568
|
|
| 2019 FASST JR2 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
437,641
|
|
488,760
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
447,966
|
|
487,966
|
|
| 2020 FASST HB2 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
397,121
|
|
398,480
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
448,333
|
|
474,599
|
|
| 2018 FASST JR1 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
395,716
|
|
449,069
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
405,161
|
|
450,268
|
|
| 2018 FASST JR1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
395,716
|
|
449,069
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
412,370
|
|
458,279
|
|
| 2019 FASST JR3 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
370,209
|
|
450,703
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
374,391
|
|
423,406
|
|
| 2019 FASST JR3 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
370,209
|
|
450,703
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
394,096
|
|
445,691
|
|
| 2020 FASST JR3 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
341,385
|
|
372,015
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
316,738
|
|
337,024
|
|
| 2020 FASST JR3 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
341,385
|
|
372,015
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
333,373
|
|
354,762
|
|
| 2019 FASST JR4 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
331,302
|
|
377,265
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
316,203
|
|
350,514
|
|
| 2019 FASST JR4 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
331,302
|
|
377,265
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
332,846
|
|
368,963
|
|
| 2020 FASST S3 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
313,728
|
|
316,774
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
286,549
|
|
294,226
|
|
| 2020 FASST S3 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
313,728
|
|
316,774
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
301,631
|
|
309,713
|
|
| 2020 FASST JR2 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
312,160
|
|
341,439
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
280,978
|
|
297,046
|
|
| 2020 FASST JR2 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
312,160
|
|
341,439
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
296,093
|
|
313,057
|
|
| 2019 FASST JR1 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
295,605
|
|
331,244
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
301,889
|
|
326,367
|
|
| 2019 FASST JR1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
295,605
|
|
331,244
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
317,778
|
|
343,544
|
|
| 2020 FASST S2 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
289,129
|
|
311,721
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
287,139
|
|
298,435
|
|
| 2020 FASST S2 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
289,129
|
|
311,721
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
302,253
|
|
314,144
|
|
| 2021 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
234,942
|
|
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
268,428
|
|
|
|
| 2018 FASST JR2 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
234,665
|
|
264,622
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
240,078
|
|
265,695
|
|
| 2018 FASST JR2 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
234,665
|
|
264,622
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
243,734
|
|
269,741
|
|
| 2020 FASST JR4 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
228,248
|
|
237,100
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
198,582
|
|
217,362
|
|
| 2020 FASST JR4 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
228,248
|
|
237,100
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
209,035
|
|
228,804
|
|
| 2020 FASST S1 | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
173,955
|
|
189,243
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
169,769
|
|
181,630
|
|
| 2020 FASST S1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
173,955
|
|
189,243
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
178,704
|
|
191,189
|
|
| 2020 FASST JR1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
|
|
263,266
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
|
|
250,988
|
|
| 2020 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
|
|
137,989
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
0
|
|
140,441
|
|
| 2020 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
|
|
137,989
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
|
|
140,839
|
|
| 2018 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
0
|
|
82,393
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
0
|
|
80,767
|
|
| 2018 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
|
|
82,393
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
|
|
80,767
|
|
| 2019 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
0
|
|
118,161
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
$ 0
|
|
121,580
|
|
| 2019 RTL1 ANTLR | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
|
|
118,161
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
|
|
127,981
|
|
| 2020 FASST HB1 | Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE |
|
|
|
|
| ASSETS |
|
|
|
|
| Mortgage loans held for investment, subject to nonrecourse debt, at fair value |
|
|
265,923
|
|
| LIABILITIES |
|
|
|
|
| Nonrecourse debt, at fair value |
|
|
$ 298,914
|
|