Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities and Securitizations (Tables)

v3.22.2.2
Variable Interest Entities and Securitizations (Tables)
9 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table presents the assets and liabilities of the Company's consolidated VIEs, which are included in the Condensed Consolidated Statements of Financial Condition, and excludes intercompany balances, except for retained bonds and beneficial interests (in thousands):
September 30, 2022 December 31, 2021
ASSETS
Restricted cash $ 196,062  $ 311,652 
Loans held for investment, subject to nonrecourse debt, at fair value 6,577,569  6,099,607 
Other assets, net 76,177  67,593 
TOTAL ASSETS $ 6,849,808  $ 6,478,852 
LIABILITIES
Nonrecourse debt, at fair value $ 6,788,437  $ 6,088,298 
Payables and other liabilities 778  428 
TOTAL VIE LIABILITIES 6,789,215  6,088,726 
Retained bonds and beneficial interests eliminated in consolidation (263,055) (231,229)
TOTAL CONSOLIDATED LIABILITIES $ 6,526,160  $ 5,857,497 
Schedule Of Collateral And Certificate Balances For Securitization Trusts
The following table presents a summary of the outstanding collateral and certificate balances for securitization trusts for which the Company was the transferor and that were not consolidated by the Company (in thousands):
September 30, 2022 December 31, 2021
Unconsolidated securitization trusts:
Total collateral balances – Unpaid Principal Balance ("UPB") $ 1,009,386  $ 1,085,340 
Total certificate balances $ 1,009,386  $ 1,085,340