7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-03-31 2009-12-31 2009-09-30 
      
    		                                                
      assets:
    		                                                
      cash and cash equivalents
    		301,135,000 259,921,000 440,580,000 377,831,000 357,853,000 259,267,000 327,363,000 194,660,000 195,319,000 333,929,000 395,799,000 261,061,000 339,710,000 272,174,000 264,209,000 217,362,000 273,316,000 254,567,000 351,190,000 563,217,000 379,870,000 347,734,000 811,656,000 478,388,000 284,117,000 334,288,000 412,270,000 404,820,000 335,219,000 368,815,000 372,768,000 446,478,000 360,720,000 327,322,000 518,627,000 226,471,000 536,834,000 366,787,000 173,074,000 144,199,000 192,841,000 132,565,000 84,835,000 96,730,000 122,692,000 107,994,000 645,129,000 892,714,000 
      restricted cash
    		237,972,000 214,944,000 251,771,000 176,164,000 152,283,000 176,435,000 125,341,000 117,312,000 235,951,000 120,283,000 135,637,000 121,072,000 121,570,000 64,632,000 109,565,000 104,552,000 110,472,000 106,009,000 118,724,000 158,945,000 131,336,000 176,397,000 119,737,000 95,643,000 110,541,000 181,910,000 133,714,000 41,131,000 48,375,000 23,069,000 43,620,000 26,791,000 39,568,000 45,725,000 44,561,000 43,117,000 82,706,000 69,638,000 41,469,000          
      loans held-for-investment, net of credit loss allowances of 434,051 and 448,295
    		18,318,757,000                                                
      loans held-for-sale, at fair value
    		2,561,155,000 2,494,838,000 2,446,636,000 2,516,008,000 2,773,379,000 2,820,026,000  2,645,637,000 2,602,265,000  2,810,889,000 2,784,594,000 2,205,684,000  2,684,512,000             237,106,000 154,225,000 203,865,000   343,770,000 248,165,000 154,412,000 186,837,000             
      investment securities, net of credit loss allowances of 31,512 and 24,463
    		258,835,000                                                
      properties
    		3,334,483,000 1,480,011,000 1,413,234,000 1,373,678,000 1,194,590,000 1,206,671,000 1,044,565,000 1,046,384,000 1,405,791,000 1,442,763,000 1,443,979,000 1,449,986,000 1,217,426,000 1,225,979,000 1,122,357,000 1,166,387,000 2,228,862,000 2,243,569,000 2,244,748,000 2,271,153,000 2,207,822,000 2,224,323,000     2,769,374,000 1,232,855,000 1,154,975,000 919,225,000 530,438,000 397,016,000                 
      investments of consolidated affordable housing fund, at fair value
    		1,861,931,000 2,055,555,000 2,065,498,000 2,073,533,000 1,984,822,000 2,004,983,000 2,008,937,000 2,012,833,000 1,979,184,000 1,976,985,000 1,762,162,000 1,761,002,000 1,669,265,000 1,558,850,000 1,264,160,000 1,040,309,000                                 
      investments in unconsolidated entities
    		81,090,000 81,419,000 98,462,000 99,370,000 91,009,000 97,424,000 96,927,000 90,376,000 91,924,000 93,651,000 93,069,000 91,892,000 83,164,000 85,510,000 89,250,000 90,097,000                                 
      goodwill
    		259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 259,846,000 140,437,000 140,437,000 140,437,000 140,437,000 140,437,000 140,437,000 140,437,000 140,437,000 140,437,000 107,099,000 100,850,000           
      intangible assets
    		429,818,000 54,432,000 59,797,000 60,704,000 60,159,000 62,264,000 63,267,000 64,967,000 65,989,000 68,232,000 66,796,000 68,773,000 73,096,000 74,964,000 62,148,000 63,564,000 65,122,000 65,193,000 66,772,000 70,117,000 74,139,000 76,293,000 82,005,000 85,700,000 119,947,000 129,477,000 136,835,000 177,053,000 180,476,000 201,570,000 191,080,000 175,607,000                 
      derivative assets
    		37,314,000 71,954,000 84,972,000 175,520,000 74,639,000 70,530,000 82,916,000 63,437,000 133,016,000 79,009,000 96,619,000 108,621,000 251,171,000 128,727,000 60,869,000 48,216,000 52,566,000 35,615,000 38,029,000 40,555,000 64,825,000 90,905,000 101,448,000 28,943,000 81,483,000 53,676,000 47,410,000 42,692,000 36,938,000 45,091,000 36,307,000 25,026,000 58,601,000 13,354,000 4,681,000 4,617,000 9,513,000 21,402,000 14,933,000 11,024,000 9,795,000 9,455,000 3,649,000 3,406,000 1,825,000    
      accrued interest receivable
    		167,572,000 164,641,000 142,691,000 167,767,000 197,146,000 197,114,000 194,498,000 200,867,000 173,260,000 189,622,000 181,807,000 168,521,000 154,148,000 131,660,000 123,801,000 116,262,000 108,126,000 113,800,000 101,713,000 95,980,000 78,030,000 71,748,000 58,537,000 64,087,000 51,777,000 61,380,000 60,314,000 30,036,000 35,972,000 34,314,000 36,042,000 38,354,000 39,121,000 35,065,000 37,483,000 34,515,000 20,952,000 25,504,000 20,500,000 18,314,000 19,172,000 15,851,000 14,066,000 11,868,000 10,938,000 6,026,000 2,180,000 1,025,000 
      other assets
    		378,255,000 381,568,000 409,804,000 368,229,000 293,162,000 309,127,000 319,853,000 420,773,000 526,442,000 489,526,000 356,076,000 297,477,000 418,458,000 257,185,000 261,192,000 188,626,000 294,670,000 241,503,000 208,873,000 190,748,000 163,474,000 184,147,000 203,909,000 211,323,000 250,773,000 166,655,000 227,153,000 118,050,000 111,860,000 142,263,000 137,296,000 116,198,000 128,848,000 123,472,000 165,532,000 111,223,000 98,383,000 87,143,000 56,675,000 22,385,000 38,643,000 11,564,000 11,517,000 24,271,000 7,782,000 1,401,000 737,000 1,072,000 
      variable interest entity (“vie”) assets, at fair value
    		34,205,812,000 36,522,250,000 37,470,618,000 38,937,576,000 39,950,395,000 39,665,392,000 41,633,853,000 43,786,356,000 44,668,904,000 46,864,870,000 50,526,390,000 52,453,041,000 54,215,370,000 57,993,563,000 57,763,543,000 61,280,543,000 62,346,480,000 63,493,796,000 62,367,110,000 64,238,328,000 64,477,475,000 64,175,387,000 61,157,805,000 62,187,175,000 59,249,054,000 57,667,606,000 56,974,864,000 80,076,117,000 85,115,662,000 76,675,689,000 82,937,617,000 92,719,092,000 103,363,978,000 109,468,293,000 114,091,158,000 118,451,518,000 97,359,666,000            
      total assets
    		62,433,975,000 62,369,363,000 62,163,347,000 62,556,497,000 64,233,850,000 64,089,402,000 66,169,669,000 69,504,196,000 70,293,689,000 73,170,367,000 77,354,380,000 79,043,129,000 80,002,858,000 83,098,886,000 81,187,898,000 83,850,397,000 81,980,864,000 81,309,302,000 79,702,323,000 80,873,509,000 80,617,639,000 79,556,279,000 77,577,189,000 78,042,336,000 74,434,100,000 72,947,361,000 72,165,588,000 89,386,361,000 94,436,306,000 85,738,138,000 91,819,407,000 101,585,236,000 111,980,814,000 116,893,937,000 121,363,503,000 125,172,361,000 104,074,575,000 103,185,396,000 4,610,968,000 3,805,347,000 3,461,535,000 3,241,514,000 2,497,269,000 2,648,957,000 2,392,397,000 1,139,883,000 1,108,786,000 1,102,786,000 
      liabilities and equity
    		                                                
      liabilities:
    		                                                
      accounts payable, accrued expenses and other liabilities
    		532,030,000 398,274,000 479,895,000 434,584,000 395,234,000 344,582,000 259,998,000 293,442,000 407,715,000 268,077,000 277,330,000 298,999,000 562,461,000 273,414,000 196,145,000 189,696,000 210,080,000 182,226,000 178,215,000 206,845,000 201,491,000 211,722,000 221,669,000 212,006,000 234,120,000 221,434,000 193,143,000 140,612,000 139,286,000 156,805,000 137,786,000 141,087,000 112,954,000 154,058,000 140,809,000 137,831,000 189,172,000 175,118,000           
      related-party payable
    		27,939,000 25,846,000 36,538,000 38,958,000 25,542,000 27,849,000 44,226,000 44,816,000 24,282,000 27,325,000 39,583,000 41,186,000 26,146,000 30,754,000 56,615,000 76,371,000 23,378,000 26,431,000 36,135,000 39,170,000 22,096,000 20,941,000 39,266,000 40,925,000 24,486,000 21,144,000 23,945,000 20,318,000 24,157,000 40,955,000 22,804,000 24,559,000 27,673,000 24,866,000 24,475,000 29,458,000 26,788,000 20,613,000 11,110,000 12,545,000 11,717,000 13,350,000 7,754,000 8,167,000 7,209,000 3,584,000 3,546,000 2,210,000 
      dividends payable
    		180,113,000 166,227,000 165,039,000 163,383,000 163,669,000 153,422,000 153,174,000 152,888,000 152,737,000 152,418,000 152,267,000 151,511,000 150,196,000 149,991,000 148,743,000 147,624,000 139,738,000 139,457,000 138,906,000 137,959,000 138,264,000 138,778,000 137,529,000 137,427,000 137,273,000 136,424,000 135,889,000 115,013,000 114,839,000 114,947,000 115,191,000 115,575,000 108,435,000 108,056,000 108,012,000 95,424,000 90,130,000 76,900,000 60,147,000 51,629,000 51,603,000 41,439,000 41,556,000 41,678,000 30,539,000 10,698,000 5,349,000 5,349,000 
      derivative liabilities
    		93,571,000 142,341,000 72,975,000 94,890,000 118,161,000 76,131,000 74,647,000 102,467,000 85,657,000 97,483,000 78,407,000 91,404,000 82,766,000 55,137,000 38,709,000 13,421,000 15,615,000 33,061,000 34,805,000 41,324,000 13,452,000 3,880,000 5,118,000 8,740,000 4,781,000 8,891,000 10,163,000 17,870,000 16,202,000 5,196,000 14,901,000 6,290,000 11,945,000 5,462,000 26,294,000 18,057,000 32,252,000 16,868,000 17,468,000 25,591,000 14,833,000 16,307,000 21,062,000 19,926,000 12,455,000    
      secured financing agreements
    		14,663,218,000 13,540,389,000 12,438,438,000 11,151,557,000 11,854,618,000 12,102,859,000 12,556,487,000 13,867,996,000 13,557,881,000 14,505,047,000 14,846,988,000 14,501,532,000 13,495,902,000 13,147,447,000 11,531,571,000 12,576,850,000 11,502,052,000 9,932,662,000 10,895,932,000 10,146,190,000 9,615,892,000 8,836,320,000 9,689,683,000 8,906,048,000 8,248,088,000 9,284,887,000 9,234,910,000 4,476,221,000 4,480,960,000 4,019,035,000 3,682,274,000 3,579,503,000 3,711,834,000 2,708,108,000 2,561,267,000 2,601,062,000 1,312,044,000 1,707,366,000 1,027,820,000 1,309,450,000 1,065,388,000 1,308,860,000 604,335,000 697,668,000 804,558,000 196,350,000 171,394,000 171,507,000 
      securitized financing
    		3,522,488,000                                                
      unsecured senior notes
    		3,245,122,000 3,242,251,000 2,747,330,000 2,994,682,000 2,757,146,000 2,754,370,000 2,751,666,000 2,158,888,000 2,456,583,000 2,083,517,000 2,331,445,000 2,329,211,000 2,326,988,000 2,324,772,000 2,322,630,000 1,828,590,000 1,733,684,000 1,737,383,000 1,735,658,000 1,732,520,000 1,934,555,000 1,932,560,000 1,930,584,000 1,928,622,000 1,926,693,000 1,924,711,000 1,922,795,000                      
      vie liabilities, at fair value
    		32,597,454,000 34,902,530,000 35,901,085,000 37,288,545,000 38,334,618,000 38,132,695,000 40,065,423,000 42,175,734,000 42,997,104,000 45,183,730,000 48,838,686,000 50,754,355,000 52,501,845,000 56,256,080,000 56,185,937,000 59,752,922,000 60,894,975,000 62,001,710,000 60,896,709,000 62,776,371,000 62,876,265,000 62,617,975,000 59,807,306,000 60,743,494,000 58,018,209,000 56,446,619,000 55,727,776,000 79,087,142,000 84,151,022,000 75,817,014,000 82,181,138,000 92,046,550,000 102,708,732,000 108,879,922,000 113,541,151,000 117,931,005,000 96,934,006,000            
      total liabilities
    		54,861,935,000 55,200,633,000 55,006,596,000 55,363,025,000 56,951,237,000 57,115,629,000 59,129,488,000 62,481,214,000 63,200,233,000 65,977,390,000 70,237,489,000 71,844,422,000 72,837,300,000 76,001,746,000 74,278,245,000 77,201,590,000 77,133,752,000 76,457,602,000 74,847,538,000 76,010,933,000 75,731,946,000 74,691,483,000 72,759,838,000 72,905,322,000 69,521,086,000 68,044,110,000 67,248,621,000 85,286,268,000 90,345,443,000 81,567,195,000 87,618,227,000 97,366,111,000 108,100,698,000 113,029,974,000 117,548,670,000 121,956,714,000 99,761,146,000 99,597,063,000 1,830,569,000 1,504,109,000 1,212,467,000 1,449,083,000 741,042,000 848,524,000 1,056,369,000 244,894,000 212,751,000 207,239,000 
      commitments and contingencies
    		                                                
      temporary equity: redeemable non-controlling interests
    		385,853,000 425,453,000 426,835,000 426,695,000 410,799,000 414,095,000 415,485,000 414,348,000 409,659,000 408,034,000 364,418,000 362,790,000 344,373,000 322,753,000 261,685,000 214,915,000                                 
      permanent equity:
    		                                                
      starwood property trust, inc. stockholders’ equity:
    		                                                
      preferred stock, 0.01 per share, 100,000,000 shares authorized, no shares issued and outstanding
    		                                                
      common stock
    		3,778,000 3,491,000 3,468,000 3,449,000 3,447,000 3,241,000 3,234,000 3,208,000 3,205,000 3,202,000 3,197,000 3,181,000 3,170,000 3,167,000 3,144,000 3,123,000 2,961,000 2,952,000 2,943,000 2,921,000 2,918,000 2,916,000 2,894,000 2,874,000 2,871,000 2,864,000 2,855,000 2,427,000 2,422,000 2,410,000 2,407,000 2,402,000 2,255,000 2,236,000 2,232,000 1,967,000 1,959,000 1,670,000 1,363,000 1,175,000 1,173,000 940,000 926,000 926,000 706,000 476,000 476,000 476,000 
      additional paid-in capital
    		6,944,046,000 6,395,441,000 6,343,893,000 6,322,763,000 6,311,863,000 5,906,653,000 5,885,852,000 5,864,670,000 5,855,962,000 5,842,813,000 5,826,509,000 5,807,087,000 5,779,687,000 5,766,533,000 5,709,027,000 5,673,376,000 5,270,265,000 5,248,490,000 5,225,037,000 5,209,739,000 5,200,716,000 5,193,572,000 5,159,069,000 5,132,532,000 5,121,671,000 5,103,771,000 5,080,173,000 4,220,887,000 4,210,904,000 4,192,844,000 4,184,538,000 4,173,869,000 3,837,040,000 3,793,428,000 3,784,575,000 3,192,245,000 4,295,058,000 3,580,096,000 2,754,491,000 2,297,971,000 2,294,210,000 1,832,082,000 1,825,019,000 1,821,233,000 1,341,837,000 897,417,000 895,857,000 894,254,000 
      treasury stock
    		-138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -138,022,000 -133,024,000 -133,024,000 -133,024,000 -104,194,000 -104,194,000 -104,194,000 -104,194,000 -92,104,000 -92,104,000 -72,381,000 -61,525,000 -32,464,000 -23,635,000                
      retained earnings
    		42,577,000 148,515,000 183,599,000 235,323,000 346,179,000 432,682,000 507,622,000 505,881,000 585,756,000 689,146,000 670,690,000 769,237,000 779,188,000 733,348,000 669,877,000 493,106,000               5,843,000 4,123,000 2,550,000 7,302,000               
      accumulated other comprehensive income
    		11,935,000 12,785,000 12,727,000 13,594,000 16,256,000 13,920,000 14,061,000 15,352,000 14,114,000 17,355,000 19,851,000 20,955,000 22,776,000 28,970,000 35,669,000 40,953,000 40,486,000 41,310,000 41,654,000 43,993,000 42,285,000 42,866,000 35,884,000 50,932,000 52,377,000 57,124,000 55,798,000 32,627,000 33,457,000 29,729,000 39,510,000 45,901,000 39,362,000 69,681,000 74,962,000 80,115,000 69,287,000 60,285,000 70,544,000 62,183,000 12,287,000 10,863,000  5,479,000 3,086,000    
      total starwood property trust, inc. stockholders’ equity
    		6,864,314,000 6,422,210,000 6,405,665,000 6,437,107,000 6,539,723,000 6,218,474,000 6,272,747,000 6,251,089,000 6,321,015,000 6,414,494,000 6,382,225,000 6,462,438,000 6,446,799,000 6,393,996,000 6,279,695,000 6,072,536,000 4,487,710,000 4,477,355,000 4,476,862,000 4,488,898,000 4,513,881,000 4,492,237,000 4,448,058,000 4,700,425,000 4,655,196,000 4,637,707,000 4,621,079,000 4,060,464,000 4,054,478,000 4,140,316,000 4,170,773,000 4,193,831,000 3,857,572,000 3,849,012,000 3,801,441,000 3,204,143,000 4,270,323,000 3,546,486,000 2,745,451,000 2,295,749,000 2,243,506,000 1,786,834,000 1,755,773,000 1,799,990,000 1,327,235,000 884,323,000 887,967,000 887,462,000 
      non-controlling interests in consolidated subsidiaries
    		321,873,000 321,067,000 324,251,000 329,670,000 332,091,000 341,204,000 351,949,000 357,545,000 362,782,000 370,449,000 370,248,000 373,479,000 374,386,000 380,391,000 368,273,000 361,356,000 359,402,000 374,345,000 377,923,000 373,678,000 371,812,000 372,559,000 369,293,000 436,589,000 257,818,000 265,544,000 295,888,000 39,629,000 36,385,000 30,627,000 30,407,000 25,294,000 22,544,000 14,951,000 13,392,000 11,504,000 43,106,000 41,847,000 34,948,000 5,489,000 5,562,000 5,597,000       
      total permanent equity
    		7,186,187,000 6,743,277,000 6,729,916,000 6,766,777,000 6,871,814,000 6,559,678,000 6,624,696,000 6,608,634,000 6,683,797,000 6,784,943,000 6,752,473,000 6,835,917,000 6,821,185,000 6,774,387,000 6,647,968,000 6,433,892,000                                 
      total liabilities and equity
    		62,433,975,000 62,369,363,000 62,163,347,000 62,556,497,000 64,233,850,000 64,089,402,000 66,169,669,000 69,504,196,000 70,293,689,000 73,170,367,000 77,354,380,000 79,043,129,000 80,002,858,000 83,098,886,000 81,187,898,000 83,850,397,000 81,980,864,000 81,309,302,000 79,702,323,000 80,873,509,000 80,617,639,000 79,556,279,000 77,577,189,000 78,042,336,000 74,434,100,000 72,947,361,000 72,165,588,000 89,386,361,000 94,436,306,000 85,738,138,000 91,819,407,000 101,585,236,000 111,980,814,000 116,893,937,000 121,363,503,000 125,172,361,000 104,074,575,000 103,185,396,000 4,610,968,000 3,805,347,000 3,461,535,000 3,241,514,000     1,108,786,000  
      loans held-for-investment, net of credit loss allowances of 417,320 and 448,295
    		 17,825,386,000                                               
      investment securities, net of credit loss allowances of 25,500 and 24,463
    		 502,598,000                                               
      collateralized loan obligations and single asset securitization
    		 2,782,775,000 3,165,296,000 3,196,426,000 3,302,249,000 3,523,721,000 3,223,867,000 3,491,292,000 3,518,274,000 3,659,793,000 3,672,783,000 3,676,224,000 3,690,996,000 3,764,151,000 3,797,895,000 2,616,116,000 2,614,230,000                                
      loans held-for-investment, net of credit loss allowances of 428,067 and 448,295
    		  16,521,979,000                                              
      investment securities, net of credit loss allowances of 23,490 and 24,463
    		  497,459,000                                              
      loans held-for-investment, net of credit loss allowances of 448,295 and 309,039
    		   15,437,013,000                                             
      investment securities, net of credit loss allowances of 24,463 and 13,143
    		   533,258,000                                             
      properties held-for-sale
    		       290,937,000                                         
      debt related to properties held-for-sale
    		       193,691,000                                         
      loans held-for-investment, net of credit loss allowances of 404,924 and 309,039
    		    16,128,765,000                                            
      investment securities, net of credit loss allowances of 23,177 and 13,143
    		    715,802,000                                            
      debt related to properties held for sale
    		                                                
      loans held-for-investment, net of credit loss allowances of 354,065 and 309,039
    		     16,294,609,000                                           
      investment securities, net of credit loss allowances of 20,218 and 13,143
    		     665,714,000                                           
      loans held-for-investment, net of credit loss allowances of 331,646 and 309,039
    		      16,606,862,000                                          
      loans held-for-sale
    		      2,689,368,000   2,774,388,000    2,236,647,000  2,876,800,000 2,183,519,000 961,677,000 844,631,000 1,052,835,000 1,012,673,000 671,759,000 1,174,934,000 884,150,000 1,442,119,000 1,586,899,000 1,144,490,000    450,828,000 367,408,000     345,139,000 586,492,000 378,690,000          
      investment securities, net of credit loss allowances of 17,589 and 13,143
    		      716,073,000                                          
      loans held-for-investment, net of credit loss allowances of 309,039 and 99,413
    		       17,574,249,000                                         
      investment securities, net of credit loss allowances of 13,143 and 3,182
    		       735,562,000                                         
      loans held-for-investment, net of credit loss allowances of 271,320 and 99,413
    		        17,234,205,000                                        
      investment securities, net of credit loss allowances of 12,994 and 3,182
    		        721,593,000                                        
      loans held-for-investment, net of credit loss allowances of 236,804 and 99,413
    		         17,713,146,000                                       
      investment securities, net of credit loss allowances of 10,620 and 3,182
    		         764,117,000                                       
      loans held-for-investment, net of credit loss allowances of 134,430 and 99,413
    		          18,452,424,000                                      
      investment securities, net of credit loss allowances of 10,240 and 3,182
    		          772,887,000                                      
      loans held-for-investment, net of credit loss allowances of 99,413 and 67,270
    		           18,401,439,000                                     
      investment securities, net of credit loss allowances of 3,182 and 8,610
    		           815,804,000                                     
      loans held-for-investment, net of credit loss allowances of 92,611 and 67,270
    		            18,103,822,000                                    
      investment securities, net of credit loss allowances of 3,928 and 8,610
    		            890,128,000                                    
      loans held-for-investment, net of credit loss allowances of 77,449 and 67,270
    		             17,895,789,000                                   
      investment securities, net of credit loss allowances of 4,505 and 8,610
    		             913,360,000                                   
      loans held-for-investment, net of credit loss allowances of 68,260 and 67,270
    		              16,253,257,000                                  
      investment securities, net of credit loss allowances of 3,385 and 8,610
    		              869,189,000                                  
      loans held-for-investment, net of credit loss allowances of 67,270 and 77,444
    		               15,536,849,000                                 
      investment securities, net of credit loss allowances of 8,610 and 5,675
    		               860,984,000                                 
      loans held-for-investment, net of credit loss allowances of 57,573 and 77,444
    		                13,292,998,000                                
      investment securities, net of credit loss allowances of 6,389 and 5,675
    		                670,887,000                                
      investment in unconsolidated entities
    		                94,000,000 96,789,000 100,907,000 108,054,000 104,384,000 104,913,000 87,334,000 84,329,000 126,115,000 119,876,000 124,360,000 200,541,000 196,637,000 199,201,000 199,171,000 204,255,000 209,833,000 110,569,000 118,621,000 104,520,000 138,168,000 133,433,000           
      equity:
    		                                                
      accumulated deficit
    		                -687,980,000 -677,375,000 -654,750,000 -629,733,000 -599,014,000 -614,093,000 -616,765,000 -381,719,000 -417,529,000 -421,858,000 -413,553,000 -103,373,000 -100,201,000 -12,286,000                -13,123,000 -8,366,000 -7,268,000 
      total equity
    		                4,847,112,000 4,851,700,000 4,854,785,000 4,862,576,000 4,885,693,000 4,864,796,000 4,817,351,000 5,137,014,000 4,913,014,000 4,903,251,000 4,916,967,000 4,100,093,000 4,090,863,000 4,170,943,000 4,201,180,000 4,219,125,000 3,880,116,000 3,863,963,000 3,814,833,000 3,215,647,000 4,313,429,000 3,588,333,000 2,780,399,000 2,301,238,000 2,249,068,000 1,792,431,000 1,756,227,000 1,800,433,000 1,336,028,000 894,989,000 896,035,000 895,547,000 
      loans held-for-investment, net of credit loss allowances of 59,825 and 77,444
    		                 12,763,372,000                               
      investment securities, net of credit loss allowances of 4,929 and 5,675
    		                 673,566,000                               
      collateralized loan obligations
    		                 2,404,672,000 931,178,000 930,554,000 929,931,000 929,307,000                           
      loans held-for-investment, net of credit loss allowances of 72,284 and 77,444
    		                  12,321,493,000                              
      investment securities, net of credit loss allowances of 5,387 and 5,675
    		                  678,287,000                              
      loans held-for-investment, net of credit loss allowances of 77,444 and 33,415
    		                   11,087,073,000                             
      investment securities, net of credit loss allowances of 5,675 and 0
    		                   736,658,000                             
      loans held-for-investment, net of credit loss allowances of 109,747 and 33,415
    		                    10,918,652,000                            
      investment securities, net of credit loss allowances of 6,425 and 0
    		                    745,113,000                            
      loans held-for-investment, net of credit loss allowances of 111,272 and 33,415
    		                     10,420,802,000                           
      investment securities, net of credit loss allowances of 6,891 and 0
    		                     752,025,000                           
      loans held-for-investment, net of credit loss allowances of 97,187 and 33,415
    		                      10,488,936,000                          
      investment securities, net of credit loss allowances of 5,037 and 0
    		                      777,972,000                          
      loans held-for-investment
    		                       10,586,074,000 8,919,653,000 8,764,216,000 8,964,725,000 5,693,452,000 6,187,654,000 5,973,079,000 5,814,886,000 5,915,396,000 6,040,825,000 5,198,927,000 4,885,854,000 4,634,923,000 3,790,262,000 2,935,519,000           
      loans transferred as secured borrowings
    		                           93,268,000 88,512,000 86,573,000 142,456,000 135,940,000 95,000,000 142,516,000 142,867,000 143,042,000 85,590,000 85,641,000 85,763,000 86,021,000         
      investment securities
    		                       810,238,000 809,137,000 849,572,000 910,233,000 898,803,000 649,364,000 724,947,000 786,461,000 877,238,000 1,021,311,000 894,302,000 902,424,000 923,085,000 566,793,000 749,918,000           
      secured borrowings on transferred loans
    		                           94,668,000 89,905,000 88,000,000 143,926,000 137,302,000 95,000,000 142,575,000 142,815,000 143,038,000             
      convertible senior notes
    		                           1,334,424,000 1,329,072,000 1,325,243,000 1,320,207,000 1,315,245,000 1,324,125,000 1,006,927,000 1,003,847,000 1,000,839,000 995,072,000 562,226,000 560,423,000          
      intangible assets—servicing rights
    		                                138,802,000 145,790,000 156,846,000 168,056,000             
      residential real estate
    		                                    548,022,000 355,940,000           
      non-performing residential loans
    		                                    197,716,000 192,010,000           
      intangible assets — servicing rights
    		                                    187,732,000 190,646,000           
      loan transfer secured borrowings
    		                                    86,682,000 87,163,000 87,523,000 88,268,000         
      loan participation liability
    		                                    95,000,000 95,000,000           
      variable interest entity assets, at fair value
    		                                     97,284,473,000           
      variable interest entity liabilities, at fair value
    		                                     96,855,809,000           
      loans held for investment
    		                                      2,530,489,000 2,580,789,000 2,170,532,000 2,333,507,000 1,816,047,000   734,160,000   
      mortgage-backed securities, available-for-sale, at fair value
    		                                      635,533,000 866,865,000 908,505,000 644,138,000       
      securities, held to maturity
    		                                      37,190,000          
      other investments
    		                                      430,044,000 75,750,000 71,753,000 44,144,000 43,515,000 43,877,000 19,645,000 7,673,000   
      receivable for securities sold
    		                                      206,608,000          
      accounts payable and accrued expenses
    		                                      18,738,000 8,869,000 5,653,000 5,053,000 5,182,000 7,303,000 5,501,000 5,861,000 1,034,000 697,000 
      other liabilities
    		                                      47,340,000 7,757,000 10,521,000 11,096,000 7,732,000 20,136,000 2,423,000 1,206,000 4,233,000 281,000 
      loans held-for-sale at fair value
    		                                                
      loans held in securitization trust
    		                                        50,294,000 50,290,000 50,311,000 50,327,000 50,298,000    
      collateralized debt obligation in securitization trust
    		                                        52,752,000 52,978,000 53,421,000 53,646,000 53,870,000    
      loans held for sale at fair value
    		                                          121,229,000 296,672,000 206,246,000    
      mortgage backed securities, available-for-sale, at fair value
    		                                          352,100,000 282,763,000 335,550,000    
      liabilities and stockholders’ equity
    		                                                
      payable for unsettled securities purchased
    		                                            112,619,000    
      deferred offering costs
    		                                            27,195,000 27,195,000 27,195,000 27,195,000 
      noncontrolling interests in consolidated subsidiaries
    		                                          454,000 443,000 8,793,000 10,666,000   
      total liabilities and stockholders’ equity
    		                                          2,497,269,000 2,648,957,000 2,392,397,000 1,139,883,000  1,102,786,000 
      loans, held for investment
    		                                           1,839,043,000 1,524,680,000    
      cash collateral under treasury securities loan agreement
    		                                            112,741,000    
      preferred stock, 0.01 per share 100,000,000 shares authorized, no shares issued and outstanding
    		                                                
      mortgage backed securities, held-to-maturity
    		                                             248,599,000   
      mortgage backed securities, available-for-sale
    		                                             34,030,000   
      accumulated other comprehensive loss
    		                                             -447,000   
      investments in mortgage backed securities
    		                                              245,896,000  
      investments in loans
    		                                              214,521,000  
      deferred financing costs, net of accumulated amortization of 20
    		                                              323,000  
      noncontrolling interests in consolidated entity
    		                                              8,068,000 8,085,000 
      investments in mortgage backed securities held to maturity
    		                                               202,635,000 
      contractual deposits
    		                                               5,000,000 
      deferred financing costs, net of accumulated amortization of 3
    		                                               340,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.