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v3.22.2

BALANCE SHEET NETTING (Tables) | 6 Months Ended
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Jun. 30, 2022
Offsetting [Abstract] |
Offsetting Assets | The table below represents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged. Warehouse and other lines of credit and secured debt obligations were secured by financial instruments with fair value that exceeded the liability amount recorded on the consolidated balance sheets as of June 30, 2022 and December 31, 2021, respectively.
|  | June 30, 2022
|  | Gross amounts recognized |  | Gross amounts offset in consolidated balance sheet |  | Net amounts presented in consolidated balance sheet |  | Gross amounts not offset in consolidated balance sheet |  | Net amount
|  |  |  |  | Financial instruments |  | Cash collateral |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 100,202 |  |  | $ | (56,276) |  |  | $ | 43,926 |  |  | $ | — |  |  | $ | (40,606) |  |  | $ | 3,320 |
MBS put options |  | 17,795 |  |  | — |  |  | 17,795 |  |  | — |  |  | — |  |  | 17,795 |
Total Assets |  | $ | 117,997 |  |  | $ | (56,276) |  |  | $ | 61,721 |  |  | $ | — |  |  | $ | (40,606) |  |  | $ | 21,115 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 66,970 |  |  | $ | (56,276) |  |  | $ | 10,694 |  |  | $ | — |  |  | $ | (1,947) |  |  | $ | 8,747 |
Put options on treasuries |  | 9,113 |  |  | — |  |  | 9,113 |  |  | — |  |  | — |  |  | 9,113 |
MBS put options |  | 12,924 |  |  | — |  |  | 12,924 |  |  | — |  |  | — |  |  | 12,924 |
Interest rate swap futures |  | 5,746 |  |  | — |  |  | 5,746 |  |  | — |  |  | — |  |  | 5,746 |
Warehouse and other lines of credit |  | 4,265,343 |  |  | — |  |  | 4,265,343 |  |  | (4,265,343) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 1,439,841 |  |  | — |  |  | 1,439,841 |  |  | (1,439,841) |  |  | — |  |  | — |
Total Liabilities |  | $ | 5,799,937 |  |  | $ | (56,276) |  |  | $ | 5,743,661 |  |  | $ | (5,705,184) |  |  | $ | (1,947) |  |  | $ | 36,530 |
(1)Secured debt obligations as of June 30, 2022 included secured credit facilities and Term Notes.
|  | December 31, 2021
|  | Gross amounts recognized |  | Gross amounts offset in consolidated balance sheets |  | Net amounts presented in consolidated balance sheets |  | Gross amounts not offset in consolidated balance sheets |  | Net amount
|  |  |  |  | Financial instruments |  | Cash collateral |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 29,497 |  |  | $ | (24,139) |  |  | $ | 5,358 |  |  | $ | — |  |  | $ | (1,447) |  |  | $ | 3,911 |
Interest rate swap futures |  | 4,924 |  |  | — |  |  | 4,924 |  |  | — |  |  | — |  |  | 4,924 |
Total Assets |  | $ | 34,421 |  |  | $ | (24,139) |  |  | $ | 10,282 |  |  | $ | — |  |  | $ | (1,447) |  |  | $ | 8,835 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 27,103 |  |  | $ | (24,139) |  |  | $ | 2,964 |  |  | $ | — |  |  | $ | (1,736) |  |  | $ | 1,228 |
Put options on treasuries |  | 31,070 |  |  | — |  |  | 31,070 |  |  | — |  |  | — |  |  | 31,070 |
Warehouse and other lines of credit |  | 7,457,199 |  |  | — |  |  | 7,457,199 |  |  | (7,457,199) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 545,596 |  |  | — |  |  | 545,596 |  |  | (545,596) |  |  | — |  |  | — |
Total Liabilities |  | $ | 8,060,968 |  |  | $ | (24,139) |  |  | $ | 8,036,829 |  |  | $ | (8,002,795) |  |  | $ | (1,736) |  |  | $ | 32,298 |
(1)Secured debt obligations as of December 31, 2021 included secured credit facilities and Term Notes.
Offsetting Liabilities | The table below represents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged. Warehouse and other lines of credit and secured debt obligations were secured by financial instruments with fair value that exceeded the liability amount recorded on the consolidated balance sheets as of June 30, 2022 and December 31, 2021, respectively.
|  | June 30, 2022
|  | Gross amounts recognized |  | Gross amounts offset in consolidated balance sheet |  | Net amounts presented in consolidated balance sheet |  | Gross amounts not offset in consolidated balance sheet |  | Net amount
|  |  |  |  | Financial instruments |  | Cash collateral |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 100,202 |  |  | $ | (56,276) |  |  | $ | 43,926 |  |  | $ | — |  |  | $ | (40,606) |  |  | $ | 3,320 |
MBS put options |  | 17,795 |  |  | — |  |  | 17,795 |  |  | — |  |  | — |  |  | 17,795 |
Total Assets |  | $ | 117,997 |  |  | $ | (56,276) |  |  | $ | 61,721 |  |  | $ | — |  |  | $ | (40,606) |  |  | $ | 21,115 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 66,970 |  |  | $ | (56,276) |  |  | $ | 10,694 |  |  | $ | — |  |  | $ | (1,947) |  |  | $ | 8,747 |
Put options on treasuries |  | 9,113 |  |  | — |  |  | 9,113 |  |  | — |  |  | — |  |  | 9,113 |
MBS put options |  | 12,924 |  |  | — |  |  | 12,924 |  |  | — |  |  | — |  |  | 12,924 |
Interest rate swap futures |  | 5,746 |  |  | — |  |  | 5,746 |  |  | — |  |  | — |  |  | 5,746 |
Warehouse and other lines of credit |  | 4,265,343 |  |  | — |  |  | 4,265,343 |  |  | (4,265,343) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 1,439,841 |  |  | — |  |  | 1,439,841 |  |  | (1,439,841) |  |  | — |  |  | — |
Total Liabilities |  | $ | 5,799,937 |  |  | $ | (56,276) |  |  | $ | 5,743,661 |  |  | $ | (5,705,184) |  |  | $ | (1,947) |  |  | $ | 36,530 |
(1)Secured debt obligations as of June 30, 2022 included secured credit facilities and Term Notes.
|  | December 31, 2021
|  | Gross amounts recognized |  | Gross amounts offset in consolidated balance sheets |  | Net amounts presented in consolidated balance sheets |  | Gross amounts not offset in consolidated balance sheets |  | Net amount
|  |  |  |  | Financial instruments |  | Cash collateral |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 29,497 |  |  | $ | (24,139) |  |  | $ | 5,358 |  |  | $ | — |  |  | $ | (1,447) |  |  | $ | 3,911 |
Interest rate swap futures |  | 4,924 |  |  | — |  |  | 4,924 |  |  | — |  |  | — |  |  | 4,924 |
Total Assets |  | $ | 34,421 |  |  | $ | (24,139) |  |  | $ | 10,282 |  |  | $ | — |  |  | $ | (1,447) |  |  | $ | 8,835 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 27,103 |  |  | $ | (24,139) |  |  | $ | 2,964 |  |  | $ | — |  |  | $ | (1,736) |  |  | $ | 1,228 |
Put options on treasuries |  | 31,070 |  |  | — |  |  | 31,070 |  |  | — |  |  | — |  |  | 31,070 |
Warehouse and other lines of credit |  | 7,457,199 |  |  | — |  |  | 7,457,199 |  |  | (7,457,199) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 545,596 |  |  | — |  |  | 545,596 |  |  | (545,596) |  |  | — |  |  | — |
Total Liabilities |  | $ | 8,060,968 |  |  | $ | (24,139) |  |  | $ | 8,036,829 |  |  | $ | (8,002,795) |  |  | $ | (1,736) |  |  | $ | 32,298 |
(1)Secured debt obligations as of December 31, 2021 included secured credit facilities and Term Notes.

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