Residential Mortgage Loans Held-for-Investment in Securitization Trusts, at Fair Value |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Residential Mortgage Loans Held-for-Investment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Residential Mortgage Loans Held-for-Investment in Securitization Trusts, at Fair Value |
Residential Mortgage Loans Held-for-Investment in Securitization Trusts, at Fair Value
The Company retains debt securities and excess servicing rights purchased from securitization trusts sponsored by either third parties or the Company’s subsidiaries. The underlying residential mortgage loans held by the trusts, which, prior to December 31, 2017, were consolidated on the Company’s consolidated balance sheets, are classified as residential mortgage loans held-for-investment in securitization trusts and carried at fair value as a result of a fair value option election. During the fourth quarter of 2017, the Company sold all of the retained subordinated securities thereby causing the deconsolidation of the securitization trusts from the Company’s consolidated balance sheet. As of December 31, 2017, the remaining retained securities were included within non-Agency AFS securities. See Note 3 - Variable Interest Entities for additional information regarding consolidation of the securitization trusts. The following table presents the carrying value of the Company’s residential mortgage loans held-for-investment in securitization trusts as of December 31, 2017 and December 31, 2016:
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- Definition Residential Mortgage Loans Held-for-Investment [Abstract] No definition available.
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- Definition The entire disclosure of residential mortgage loans to individuals not classified as held for sale but are held-for-investment. No definition available.
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