XML 68 R38.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Fair Value Measurements - Schedule of Financial Statement Items Measured at Estimated Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | --- | --- | --- | --- | ---
Assets: |  |  |  |  |  |
Mortgage loans held for sale | $ 9,486,922 |  | $ 6,542,232 |  |  |
MSRs | 7,162,690 | $ 6,691,341 | 6,439,787 | $ 6,443,632 | $ 6,669,939 | $ 6,946,940
Liabilities: |  |  |  |  |  |
Derivative Liability | 8,508 |  | 142,988 |  |  |
IRLCs |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 170,381 |  | 132,870 |  |  |
Forward commitments |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 13,025 |  | 26,614 |  |  |
Level 3 | Financial Asset, Equal to or Greater than 90 Days Past Due |  |  |  |  |  |
Liabilities: |  |  |  |  |  |
Financing receivable, nonaccrual | 157,800 |  | 195,600 |  |  |
Recurring |  |  |  |  |  |
Assets: |  |  |  |  |  |
Mortgage loans held for sale | 9,486,922 |  | 6,542,232 |  |  |
MSRs | 7,162,690 |  | 6,439,787 |  |  |
Total assets | 17,142,314 |  | 13,344,039 |  |  |
Liabilities: |  |  |  |  |  |
Total liabilities | 8,508 |  | 142,988 |  |  |
Recurring | IRLCs |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 170,381 |  | 132,870 |  |  |
Recurring | Forward commitments |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 13,025 |  | 26,614 |  |  |
Liabilities: |  |  |  |  |  |
Derivative Liability | 8,508 |  | 142,988 |  |  |
Recurring | Investment securities |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 39,836 |  | 39,518 |  |  |
Recurring | Non-mortgage loans held for sale |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 269,460 |  | 163,018 |  |  |
Recurring | Level 1 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Mortgage loans held for sale | 0 |  | 0 |  |  |
MSRs | 0 |  | 0 |  |  |
Total assets | 0 |  | 0 |  |  |
Liabilities: |  |  |  |  |  |
Total liabilities | 0 |  | 0 |  |  |
Recurring | Level 1 | IRLCs |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Recurring | Level 1 | Forward commitments |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Liabilities: |  |  |  |  |  |
Derivative Liability | 0 |  | 0 |  |  |
Recurring | Level 1 | Investment securities |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Recurring | Level 1 | Non-mortgage loans held for sale |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Recurring | Level 2 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Mortgage loans held for sale | 9,135,069 |  | 6,103,714 |  |  |
MSRs | 0 |  | 0 |  |  |
Total assets | 9,187,930 |  | 6,169,846 |  |  |
Liabilities: |  |  |  |  |  |
Total liabilities | 8,508 |  | 142,988 |  |  |
Recurring | Level 2 | IRLCs |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Recurring | Level 2 | Forward commitments |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 13,025 |  | 26,614 |  |  |
Liabilities: |  |  |  |  |  |
Derivative Liability | 8,508 |  | 142,988 |  |  |
Recurring | Level 2 | Investment securities |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 39,836 |  | 39,518 |  |  |
Recurring | Level 2 | Non-mortgage loans held for sale |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Recurring | Level 3 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Mortgage loans held for sale | 351,853 |  | 438,518 |  |  |
MSRs | 7,162,690 |  | 6,439,787 |  |  |
Total assets | 7,954,384 |  | 7,174,193 |  |  |
Liabilities: |  |  |  |  |  |
Total liabilities | 0 |  | 0 |  |  |
Recurring | Level 3 | IRLCs |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 170,381 |  | 132,870 |  |  |
Recurring | Level 3 | Forward commitments |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Liabilities: |  |  |  |  |  |
Derivative Liability | 0 |  | 0 |  |  |
Recurring | Level 3 | Investment securities |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | 0 |  | 0 |  |  |
Recurring | Level 3 | Non-mortgage loans held for sale |  |  |  |  |  |
Assets: |  |  |  |  |  |
Derivative Asset | $ 269,460 |  | $ 163,018 |  |  |

X
- Definition Fair value portion of asset recognized for present right to economic benefit. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as a liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amortized cost of financing receivable on nonaccrual status. Excludes net investment in lease. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (3) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph a -Subparagraph (2) -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LiabilitiesFairValueDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of mortgage loans held-for-sale. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_MortgagesHeldForSaleFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481260/860-50-45-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481260/860-50-45-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481260/860-50-45-2 + Details
Name: | us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateLockCommitmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForwardContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_SecuritiesInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=rkt_NonMortgageLoansHeldForSaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |