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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Real Estate Assets

A summary of our real estate assets is as follows (dollars in thousands):

			December 31,
			2022						2021
Real estate under development, current (included in other current assets)			$	193,334					$	96,237
Real estate and other assets held for sale (included in other current assets)			96,405						142
Real estate under development			172,253						326,416
Real estate held for investment (included in other assets, net)			44,984						4,447
Total real estate			$	506,976					$	427,242

Schedule of Loan Servicing Rights Recognized

The amount of MSRs recognized during the years ended December 31, 2022 and 2021 was as follows (dollars in thousands):

			Year Ended December 31,
			2022						2021
Beginning balance, mortgage servicing rights			$	578,516					$	556,931
Mortgage servicing rights recognized			145,775						193,835
Mortgage servicing rights sold			—						—
Amortization expense			(163,652)						(172,250)
Ending balance, mortgage servicing rights			$	560,639					$	578,516

Schedule of Assumptions Used in Measuring Fair Value of Servicing Assets

The key assumptions used during the years ended December 31, 2022, 2021 and 2020 in measuring fair value were as follows:

			Year Ended December 31,
			2022						2021						2020
Discount rate			12.87		%				12.62		%				11.73		%
Conditional prepayment rate			10.12		%				9.78		%				9.80		%

X

- Definition

Tabular disclosure of assumptions used by the reporting entity in measuring the fair value of servicing assets.

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- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746

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