XML 89 R79.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value - Carrying Value and Estimated Fair Value (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Financial assets:    
Loans and investments, net, Principal/Notional Amount $ 11,565,538 $ 12,615,006
Loans and investments, net 11,292,647 12,377,806
Loans held-for-sale, net, Principal/Notional Amount 326,910 552,325
Loans held-for-sale, net 326,910 552,325
Securities, held-to-maturity, net, Principal/Notional Amount 230,190 230,495
Securities held-to-maturity, net 156,027 155,279
Derivative financial instruments, Principal/Notional Amount 134,688 447,609
Financial liabilities:    
Credit and repurchase facilities, Principal/Notional Amount 3,264,033 3,242,939
Credit and repurchase facilities 3,257,719 3,237,827
Securitized debt 5,315,079 6,935,010
Senior unsecured notes 1,246,908 1,333,968
Convertible senior unsecured notes 285,170 283,118
Junior subordinated notes 144,480 143,896
Mortgage notes payable - real estate owned 35,350 44,339
Mortgage notes payable — real estate owned 35,350 44,339
Derivative financial instruments, Principal/Notional Amount $ 227,478 138,270
Minimum    
Financial liabilities:    
Period of loans held for sale sold 60 days  
Maximum    
Financial liabilities:    
Period of loans held for sale sold 180 days  
Carrying Value    
Financial assets:    
Loans and investments, net $ 11,292,647 12,377,806
Loans held-for-sale, net 326,141 551,707
Capitalized mortgage servicing rights, net 376,403 391,254
Securities held-to-maturity, net 156,027 155,279
Derivative financial instruments 1,912 6,547
Financial liabilities:    
Credit and repurchase facilities 3,257,719 3,237,827
Securitized debt 5,315,079 6,935,010
Senior unsecured notes 1,246,908 1,333,968
Convertible senior unsecured notes 285,170 283,118
Junior subordinated notes 144,480 143,896
Mortgage notes payable — real estate owned 35,350 44,339
Derivative financial instruments 1,115 1,021
Estimated Fair Value    
Financial assets:    
Loans and investments, net 11,236,801 12,452,563
Loans held-for-sale, net 334,884 566,451
Capitalized mortgage servicing rights, net 499,630 510,472
Securities held-to-maturity, net 145,000 129,390
Derivative financial instruments 1,912 6,547
Financial liabilities:    
Credit and repurchase facilities 3,247,500 3,228,324
Securitized debt 5,281,765 6,864,557
Senior unsecured notes 1,161,256 1,214,331
Convertible senior unsecured notes 292,712 301,156
Junior subordinated notes 107,761 106,444
Mortgage notes payable — real estate owned 35,132 44,103
Derivative financial instruments 1,115 1,021
Securitized debt    
Financial liabilities:    
Debt face value issued to third parties 5,327,245 6,956,284
Senior unsecured notes    
Financial liabilities:    
Debt face value issued to third parties 1,255,000 1,345,000
Convertible senior unsecured notes    
Financial liabilities:    
Debt face value issued to third parties 287,500 287,500
Junior subordinated notes    
Financial liabilities:    
Debt face value issued to third parties 154,336 154,336
Junior subordinated notes $ 144,500 $ 143,900