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FAIR VALUE MEASUREMENTS - Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
Assets        
Mortgage-backed securities [1] $ 69,238,185 $ 65,789,907 [2]    
Loans        
Mortgage servicing rights 1,790,980 1,748,209 $ 1,108,937 $ 544,562
Derivative assets        
Interest rate swaps 400,139 342,064 [2]    
Liabilities        
Participations issued 673,431 800,849 [2]    
Derivative liabilities        
Interest rate swaps 155,801 108,724    
Residential mortgage loans        
Loans        
Residential mortgage loans 11,920,410 10,931,744    
Fair Value, Measurements, Recurring        
Assets        
Agency mortgage-backed securities 65,623,534 62,274,895    
Credit risk transfer securities 1,085,384 997,557    
Loans        
Mortgage servicing rights 1,790,980 1,748,209    
Derivative assets        
Other derivatives 380,984 309,058    
Total assets 83,349,714 78,811,924    
Liabilities        
Debt issued by securitization vehicles 8,805,911 7,744,160    
Participations issued 673,431 800,849    
Derivative liabilities        
Interest rate swaps 155,801 108,724    
Other derivatives 317,714 95,448    
Total liabilities 9,952,857 8,749,181    
Fair Value, Measurements, Recurring | Assets transferred or pledged to securitization vehicles        
Loans        
Assets transferred or pledged to securitization vehicles 10,277,588 9,121,912    
Fair Value, Measurements, Recurring | Non-Agency mortgage-backed securities        
Assets        
Mortgage-backed securities 2,028,656 1,991,146    
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities        
Assets        
Mortgage-backed securities 500,611 526,309    
Fair Value, Measurements, Recurring | Residential mortgage loans        
Loans        
Residential mortgage loans 1,642,822 1,809,832    
Fair Value, Measurements, Recurring | Interest rate swaps        
Derivative assets        
Interest rate swaps 19,155 33,006    
Fair Value, Measurements, Recurring | Level 1        
Assets        
Agency mortgage-backed securities 0 0    
Credit risk transfer securities 0 0    
Loans        
Mortgage servicing rights 0 0    
Derivative assets        
Other derivatives 222 33,179    
Total assets 222 33,179    
Liabilities        
Debt issued by securitization vehicles 0 0    
Participations issued 0 0    
Derivative liabilities        
Interest rate swaps 0 0    
Other derivatives 293,840 11,919    
Total liabilities 293,840 11,919    
Fair Value, Measurements, Recurring | Level 1 | Assets transferred or pledged to securitization vehicles        
Loans        
Assets transferred or pledged to securitization vehicles 0 0    
Fair Value, Measurements, Recurring | Level 1 | Non-Agency mortgage-backed securities        
Assets        
Mortgage-backed securities 0 0    
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities        
Assets        
Mortgage-backed securities 0 0    
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage loans        
Loans        
Residential mortgage loans 0 0    
Fair Value, Measurements, Recurring | Level 1 | Interest rate swaps        
Derivative assets        
Interest rate swaps 0 0    
Fair Value, Measurements, Recurring | Level 2        
Assets        
Agency mortgage-backed securities 65,623,534 62,274,895    
Credit risk transfer securities 1,085,384 997,557    
Loans        
Mortgage servicing rights 0 0    
Derivative assets        
Other derivatives 380,762 275,879    
Total assets 81,558,512 77,030,536    
Liabilities        
Debt issued by securitization vehicles 8,805,911 7,744,160    
Participations issued 673,431 800,849    
Derivative liabilities        
Interest rate swaps 155,801 108,724    
Other derivatives 23,874 83,529    
Total liabilities 9,659,017 8,737,262    
Fair Value, Measurements, Recurring | Level 2 | Assets transferred or pledged to securitization vehicles        
Loans        
Assets transferred or pledged to securitization vehicles 10,277,588 9,121,912    
Fair Value, Measurements, Recurring | Level 2 | Non-Agency mortgage-backed securities        
Assets        
Mortgage-backed securities 2,028,656 1,991,146    
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities        
Assets        
Mortgage-backed securities 500,611 526,309    
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage loans        
Loans        
Residential mortgage loans 1,642,822 1,809,832    
Fair Value, Measurements, Recurring | Level 2 | Interest rate swaps        
Derivative assets        
Interest rate swaps 19,155 33,006    
Fair Value, Measurements, Recurring | Level 3        
Assets        
Agency mortgage-backed securities 0 0    
Credit risk transfer securities 0 0    
Loans        
Mortgage servicing rights 1,790,980 1,748,209    
Derivative assets        
Other derivatives 0 0    
Total assets 1,790,980 1,748,209    
Liabilities        
Debt issued by securitization vehicles 0 0    
Participations issued 0 0    
Derivative liabilities        
Interest rate swaps 0 0    
Other derivatives 0 0    
Total liabilities 0 0    
Fair Value, Measurements, Recurring | Level 3 | Assets transferred or pledged to securitization vehicles        
Loans        
Assets transferred or pledged to securitization vehicles 0 0    
Fair Value, Measurements, Recurring | Level 3 | Non-Agency mortgage-backed securities        
Assets        
Mortgage-backed securities 0 0    
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities        
Assets        
Mortgage-backed securities 0 0    
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage loans        
Loans        
Residential mortgage loans 0 0    
Fair Value, Measurements, Recurring | Level 3 | Interest rate swaps        
Derivative assets        
Interest rate swaps $ 0 $ 0    
[1] (3)Excludes $1.2 billion and $1.0 billion at March 31, 2023 and December 31, 2022, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition. 
[2] (1)Derived from the audited consolidated financial statements at December 31, 2022.