Annual report pursuant to Section 13 and 15(d)

Collateralized Borrowings in Securitization Trusts, at Fair Value (Notes)

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Collateralized Borrowings in Securitization Trusts, at Fair Value (Notes)
12 Months Ended
Dec. 31, 2016
Collateralized Borrowings in Securitization Trusts [Abstract]  
Debt Disclosure [Text Block]
Collateralized Borrowings in Securitization Trusts, at Fair Value
The Company retains subordinated debt and excess servicing rights purchased from securitization trusts sponsored by either third parties or the Company’s subsidiaries. The debt associated with the underlying residential mortgage loans held by the trusts, which are consolidated on the Company’s consolidated balance sheets, is classified as collateralized borrowings in securitization trusts and carried at fair value as a result of a fair value option election. See Note 3 - Variable Interest Entities for additional information regarding consolidation of the securitization trusts. As of December 31, 2016 and December 31, 2015, collateralized borrowings in securitization trusts had a carrying value of $3.0 billion and $2.0 billion with a weighted average interest rate of 3.4% and 3.6%, respectively. The stated maturity dates for all collateralized borrowings were more than five years from both December 31, 2016 and December 31, 2015.