XML 59 R47.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Warehouse Receivables & Warehouse Lines of Credit - Schedule of Warehouse Lines of Credit in Place (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Jul. 15, 2023
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Carrying Value $ 839,000,000 $ 666,000,000  
Revolving credit facility 820,000,000 0  
Warehouse Agreement Borrowings      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size 3,200,000,000 3,200,000,000  
Carrying Value 839,000,000 666,000,000  
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size 1,335,000,000 1,335,000,000  
Carrying Value $ 711,000,000 613,000,000  
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 1.50%    
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Secured Overnight Financing Rate (SOFR) Adjustment      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 0.05%    
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size $ 15,000,000 15,000,000  
Carrying Value $ 1,000,000 0  
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 2.75%    
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 0.05%    
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size $ 650,000,000 650,000,000  
Carrying Value $ 20,000,000 7,000,000  
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing | London Interbank Offered Rate (LIBOR) | Maximum      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 1.45%    
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing | London Interbank Offered Rate (LIBOR) | Minimum      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 0.25%    
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size $ 600,000,000 600,000,000 $ 300,000,000
Carrying Value 21,000,000 28,000,000  
Revolving credit facility $ 300,000,000   $ 300,000,000
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 1.30%    
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 0.10%    
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size $ 350,000,000 350,000,000  
Carrying Value $ 86,000,000 18,000,000  
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 1.25%    
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 0.10%    
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Maximum Facility Size $ 250,000,000 250,000,000  
Carrying Value $ 0 $ 0  
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 1.25%    
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR) Adjustment      
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]      
Variable rate (as a percent) 0.10%