XML 134 R122.htm IDEA: XBRL DOCUMENT v3.24.2.u1
DEBT OBLIGATIONS - Schedule of Secured Financing Agreements, Secured Notes and Bonds Payable and Debt Obligations Related to Consolidated Funds (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Outstanding Face Amount $ 29,014,659  
Carrying value $ 28,696,965 $ 26,076,708
Weighted Average Funding Cost 6.30%  
Weighted Average Life (Years) 4 years  
MSR purchase price holdback $ 186,695 166,620
Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount 15,181,358  
Carrying value $ 15,179,899 12,561,283
Weighted Average Funding Cost 6.10%  
Weighted Average Life (Years) 6 months  
MSR purchase price holdback $ 164,500  
Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 10,030,061  
Carrying value $ 9,955,891 10,360,188
Weighted Average Funding Cost 7.30%  
Weighted Average Life (Years) 1 year 9 months 18 days  
Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 3,803,240  
Carrying value $ 3,561,175 3,155,237
Weighted Average Funding Cost 4.80%  
Weighted Average Life (Years) 23 years 1 month 6 days  
Warehouse Credit Facilities-Residential Mortgage Loans | Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 3,799,496  
Carrying value $ 3,799,496 1,940,038
Weighted Average Funding Cost 6.90%  
Weighted Average Life (Years) 7 months 6 days  
Face amount of debt at fixed rate $ 11,300  
Interest rate 5.00%  
Warehouse Credit Facilities-Residential Mortgage Loans | Secured Financing Agreements | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 22 years 9 months 18 days  
Outstanding Face $ 4,244,227  
Amortized Cost Basis 4,296,216  
Carrying Value 4,238,965  
Warehouse Credit Facilities - Mortgage Loans Receivable | Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount 1,411,054  
Carrying value $ 1,411,054 1,337,010
Weighted Average Funding Cost 8.00%  
Weighted Average Life (Years) 1 year 3 months 18 days  
Warehouse Credit Facilities - Mortgage Loans Receivable | Secured Financing Agreements | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 1 year 1 month 6 days  
Outstanding Face $ 1,721,912  
Amortized Cost Basis 1,731,239  
Carrying Value 1,731,239  
Government and Government-Backed Securities | Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount 9,114,181  
Carrying value $ 9,114,181 8,152,469
Weighted Average Funding Cost 5.40%  
Weighted Average Life (Years) 2 months 12 days  
Government and Government-Backed Securities | Secured Financing Agreements | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 8 years 7 months 6 days  
Outstanding Face $ 9,559,841  
Amortized Cost Basis 9,361,449  
Carrying Value 9,496,785  
Non-Agency RMBS | Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount 630,000  
Carrying value $ 630,000 610,189
Weighted Average Funding Cost 7.40%  
Weighted Average Life (Years) 7 months 6 days  
Non-Agency RMBS | Secured Financing Agreements | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 7 years 1 month 6 days  
Outstanding Face $ 17,276,385  
Amortized Cost Basis 985,108  
Carrying Value 1,008,536  
CLOs | Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount 191,655  
Carrying value $ 190,196 183,947
Weighted Average Funding Cost 6.40%  
Weighted Average Life (Years) 8 years 9 months 18 days  
CLOs | Secured Financing Agreements | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 8 years 9 months 18 days  
Outstanding Face $ 192,683  
Carrying Value 193,560  
CLOs | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 13,361  
Carrying value $ 13,329 30,258
Weighted Average Funding Cost 6.80%  
Weighted Average Life (Years) 6 years  
CLOs | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 6 years  
Outstanding Face $ 15,780  
Carrying Value 15,017  
SFR Properties and Commercial    
Debt Instrument [Line Items]    
Carrying value 826,956 1,126,804
SFR Properties and Commercial | Secured Financing Agreements    
Debt Instrument [Line Items]    
Outstanding Face Amount 34,972  
Carrying value $ 34,972 337,630
Weighted Average Funding Cost 8.20%  
Weighted Average Life (Years) 6 months  
SFR Properties and Commercial | Secured Financing Agreements | Collateral    
Debt Instrument [Line Items]    
Amortized Cost Basis $ 82,407  
Carrying Value 82,407  
Excess MSRs    
Debt Instrument [Line Items]    
Carrying value 2,704,127 2,713,933
Excess MSRs | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 161,406  
Carrying value $ 161,406 181,522
Weighted Average Funding Cost 8.70%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Excess MSRs | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 6 years  
Outstanding Face $ 56,559,914  
Amortized Cost Basis 221,408  
Carrying Value 255,389  
MSRs | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 5,395,119  
Carrying value $ 5,389,633 4,800,728
Weighted Average Funding Cost 7.50%  
Weighted Average Life (Years) 1 year 4 months 24 days  
MSRs | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 6 years 4 months 24 days  
Outstanding Face $ 569,894,934  
Amortized Cost Basis 7,212,153  
Carrying Value 9,429,829  
Servicer Advance Investments | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 262,069  
Carrying value $ 262,069 278,042
Weighted Average Funding Cost 7.30%  
Weighted Average Life (Years) 1 year 8 months 12 days  
Servicer Advance Investments | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 8 years 3 months 18 days  
Outstanding Face $ 302,282  
Amortized Cost Basis 336,131  
Carrying Value 357,220  
Servicer Advances | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 2,281,451  
Carrying value $ 2,280,652 2,254,369
Weighted Average Funding Cost 8.10%  
Weighted Average Life (Years) 1 year 6 months  
Servicer Advances | Secured Notes and Bonds Payable | Minimum    
Debt Instrument [Line Items]    
Variable interest rate spread 1.60%  
Servicer Advances | Secured Notes and Bonds Payable | Maximum    
Debt Instrument [Line Items]    
Variable interest rate spread 3.70%  
Servicer Advances | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 8 months 12 days  
Outstanding Face $ 2,634,706  
Amortized Cost Basis 2,623,070  
Carrying Value 2,623,070  
Consumer Loans    
Debt Instrument [Line Items]    
Carrying value 786,425 1,106,974
Consumer Loans | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 811,073  
Carrying value $ 786,425 1,106,974
Weighted Average Funding Cost 6.40%  
Weighted Average Life (Years) 3 years 10 months 24 days  
Consumer Loans | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 1 year 7 months 6 days  
Outstanding Face $ 1,011,653  
Amortized Cost Basis 984,285  
Carrying Value 946,367  
SFR properties | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 830,582  
Carrying value $ 791,984 789,174
Weighted Average Funding Cost 4.10%  
Weighted Average Life (Years) 2 years 9 months 18 days  
SFR properties | Secured Notes and Bonds Payable | Minimum    
Debt Instrument [Line Items]    
Interest rate 3.50%  
SFR properties | Secured Notes and Bonds Payable | Maximum    
Debt Instrument [Line Items]    
Interest rate 7.10%  
SFR properties | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Amortized Cost Basis $ 940,601  
Carrying Value 940,601  
Mortgage Loans Receivable    
Debt Instrument [Line Items]    
Carrying value 2,062,736 1,856,008
Mortgage Loans Receivable | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 200,000  
Carrying value $ 200,000 200,000
Weighted Average Funding Cost 5.80%  
Weighted Average Life (Years) 2 years  
Mortgage Loans Receivable | Secured Notes and Bonds Payable | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 7 months 6 days  
Outstanding Face $ 224,995  
Amortized Cost Basis 224,995  
Carrying Value 224,995  
Mortgage Loans Receivable | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount 454,249  
Carrying value $ 451,682 318,998
Weighted Average Funding Cost 6.80%  
Weighted Average Life (Years) 14 years 8 months 12 days  
Mortgage Loans Receivable | Notes Payable of CFEs - Consolidated Funds | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 1 year  
Outstanding Face $ 479,203  
Amortized Cost Basis 479,203  
Carrying Value 492,103  
Secured Facility- Asset Management | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount 75,000  
Carrying value $ 70,393 69,121
Weighted Average Funding Cost 8.80%  
Weighted Average Life (Years) 1 year 3 months 18 days  
Notes Payable of CFEs - Consolidated Funds | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 222,250  
Carrying value $ 221,801 218,157
Weighted Average Funding Cost 5.00%  
Weighted Average Life (Years) 4 years 3 months 18 days  
Notes Payable of CFEs - Consolidated Funds | Notes Payable of CFEs - Consolidated Funds | Collateral    
Debt Instrument [Line Items]    
Outstanding Face $ 202,130  
Carrying Value 200,552  
Residential Mortgage Loans | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount 3,126,741  
Carrying value $ 2,887,692 $ 2,618,082
Weighted Average Funding Cost 4.40%  
Weighted Average Life (Years) 25 years 10 months 24 days  
Residential Mortgage Loans | Notes Payable of CFEs - Consolidated Funds | Collateral    
Debt Instrument [Line Items]    
Weighted Average Life (Years) 25 years 10 months 24 days  
Outstanding Face $ 3,577,247  
Carrying Value 3,347,246  
2.5% to 3.5% Agency MSR Secured Note and Bond Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 4,500,000  
2.5% to 3.5% Agency MSR Secured Note and Bond Payable | Minimum    
Debt Instrument [Line Items]    
Variable interest rate spread 2.50%  
2.5% to 3.5% Agency MSR Secured Note and Bond Payable | Maximum    
Debt Instrument [Line Items]    
Variable interest rate spread 3.70%  
3.0% to 5.4% Public Notes    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 900,000  
3.0% to 5.4% Public Notes | Secured Notes and Bonds Payable | Minimum    
Debt Instrument [Line Items]    
Interest rate 3.00%  
3.0% to 5.4% Public Notes | Secured Notes and Bonds Payable | Maximum    
Debt Instrument [Line Items]    
Interest rate 5.40%  
Consumer Loan, UPB Class A | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 172,200  
Interest rate 2.00%  
Consumer Loan, UPB Class B | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 53,000  
Interest rate 2.70%  
Consumer Loan, Marcus | Secured Notes and Bonds Payable    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 581,100,000  
Variable interest rate spread 3.00%  
Consolidated Funds, Notes Payable, Class A | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 120,000  
Interest rate 4.30%  
Consolidated Funds, Notes Payable, Class B | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 70,000  
Interest rate 6.00%  
Consolidated Funds, Notes Payable, Class C | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 15,000  
Interest rate 6.80%  
Subordinated Notes | Notes Payable of CFEs - Consolidated Funds    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 17,300