XML 110 R100.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information - Origination Data (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
loan
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
loan
Jun. 30, 2024
USD ($)
loan
Jun. 30, 2023
USD ($)
loan
Segment Information          
Total Loan Commitment Volume $ 1,099,713   $ 1,133,312 $ 2,033,956 $ 2,633,422
Agency Business Loan Sales Data:          
Loan commitments not serviced   $ 160,200      
MSR rate, loan commitments not serviced       0.0132  
Structured Business          
Segment Information          
Total New Loan Originations 227,184   208,994 $ 483,038 477,028
Loan Runoff 629,641   685,220 1,269,659 1,871,869
Structured Business | Bridge loan          
Segment Information          
Total New Loan Originations 215,500   207,494 426,225 469,683
Structured Business | Mezzanine loans          
Segment Information          
Total New Loan Originations 11,684   1,500 56,813 7,345
Structured Business | Multifamily | Bridge loan          
Segment Information          
Total New Loan Originations 19,650   98,530 58,885 284,630
Structured Business | SFR - Fixed Rate | Bridge loan          
Segment Information          
Total New Loan Originations $ 185,500   $ 108,964 $ 356,990 $ 185,053
Number of loans | loan 45   26 104 50
SFR Commitments $ 277,260   $ 200,182 $ 688,877 $ 254,532
Structured Business | Land | Bridge loan          
Segment Information          
Total New Loan Originations 10,350   0 10,350 0
Agency Business          
Segment Information          
Origination Volumes 1,149,255   1,422,439 1,995,514 2,514,300
Agency Business Loan Sales Data:          
Loan Sales $ 1,135,287   $ 1,410,724 $ 2,220,661 $ 2,343,423
Sales margin (fee-based services as a % of loan sales) 1.54%   1.60% 1.54% 1.59%
MSR rate (MSR income as a % of loan commitments) 1.32%   1.43% 1.22% 1.32%
Agency Business | SFR - Fixed Rate          
Segment Information          
Origination Volumes $ 24,996   $ 11,837 $ 27,314 $ 17,298
Agency Business Loan Sales Data:          
Loan Sales 24,996   5,108 27,314 14,172
Agency Business | Fannie Mae          
Segment Information          
Origination Volumes 742,724   1,079,910 1,201,153 1,874,931
Agency Business Loan Sales Data:          
Loan Sales 731,237   1,023,088 1,457,135 1,674,846
Agency Business | Freddie Mac          
Segment Information          
Origination Volumes 346,821   217,884 716,923 319,216
Agency Business Loan Sales Data:          
Loan Sales 332,921   175,342 662,600 243,799
Agency Business | Private Label          
Segment Information          
Origination Volumes 34,714   50,256 50,124 91,363
Agency Business Loan Sales Data:          
Loan Sales 34,714   72,803 50,124 232,748
Agency Business | FHA          
Segment Information          
Origination Volumes 0   62,552 0 211,492
Agency Business Loan Sales Data:          
Loan Sales $ 11,419   $ 134,383 $ 23,488 $ 177,858