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BALANCE SHEET NETTING (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Offsetting [Abstract] |
Offsetting Assets | December 31, 2023 and 2022, respectively. Refer to Note 11 – Warehouse and Other Lines of Credit for further details on cash collateral requirements.
|  | December 31, 2023
|  | 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 |  | $ | 33,591 |  |  | $ | (16,981) |  |  | $ | 16,610 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,610 |
MBS put options |  | 1,376 |  |  | — |  |  | 1,376 |  |  | — |  |  | — |  |  | 1,376 |
Interest rate swap futures |  | 26,476 |  |  | — |  |  | 26,476 |  |  | — |  |  | — |  |  | 26,476 |
Total assets |  | $ | 61,443 |  |  | $ | (16,981) |  |  | $ | 44,462 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,462 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 100,709 |  |  | $ | (16,981) |  |  | $ | 83,728 |  |  | $ | — |  |  | $ | (60,188) |  |  | $ | 23,540 |
Put options on treasuries |  | 62 |  |  | — |  |  | 62 |  |  | — |  |  | — |  |  | 62 |
Warehouse and other lines of credit |  | 1,947,057 |  |  | — |  |  | 1,947,057 |  |  | (1,947,057) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 1,287,418 |  |  | — |  |  | 1,287,418 |  |  | (1,287,418) |  |  | — |  |  | — |
Total liabilities |  | $ | 3,335,246 |  |  | $ | (16,981) |  |  | $ | 3,318,265 |  |  | $ | (3,234,475) |  |  | $ | (60,188) |  |  | $ | 23,602 |
(1)Secured debt obligations as of December 31, 2023 included secured credit facilities and Term Notes.
|  | December 31, 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 |  | $ | 39,386 |  |  | $ | (32,710) |  |  | $ | 6,676 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,676 |
MBS put options |  | 3,361 |  |  | — |  |  | 3,361 |  |  | — |  |  | — |  |  | 3,361 |
Total assets |  | $ | 42,747 |  |  | $ | (32,710) |  |  | $ | 10,037 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,037 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 76,192 |  |  | $ | (32,710) |  |  | $ | 43,482 |  |  | $ | — |  |  | $ | (36,270) |  |  | $ | 7,212 |
Put options on treasuries |  | 10,831 |  |  | — |  |  | 10,831 |  |  | — |  |  | (10,831) |  |  | — |
Interest rate swap futures |  | 7,395 |  |  | — |  |  | 7,395 |  |  | — |  |  | (7,395) |  |  | — |
Warehouse and other lines of credit |  | 2,146,602 |  |  | — |  |  | 2,146,602 |  |  | (2,146,602) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 1,298,853 |  |  | — |  |  | 1,298,853 |  |  | (1,298,853) |  |  | — |  |  | — |
Total liabilities |  | $ | 3,539,873 |  |  | $ | (32,710) |  |  | $ | 3,507,163 |  |  | $ | (3,445,455) |  |  | $ | (54,496) |  |  | $ | 7,212 |
(1) Secured debt obligations as of December 31, 2022 included the secured credit facilities and Term Notes.
Offsetting Liabilities | December 31, 2023 and 2022, respectively. Refer to Note 11 – Warehouse and Other Lines of Credit for further details on cash collateral requirements.
|  | December 31, 2023
|  | 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 |  | $ | 33,591 |  |  | $ | (16,981) |  |  | $ | 16,610 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,610 |
MBS put options |  | 1,376 |  |  | — |  |  | 1,376 |  |  | — |  |  | — |  |  | 1,376 |
Interest rate swap futures |  | 26,476 |  |  | — |  |  | 26,476 |  |  | — |  |  | — |  |  | 26,476 |
Total assets |  | $ | 61,443 |  |  | $ | (16,981) |  |  | $ | 44,462 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,462 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 100,709 |  |  | $ | (16,981) |  |  | $ | 83,728 |  |  | $ | — |  |  | $ | (60,188) |  |  | $ | 23,540 |
Put options on treasuries |  | 62 |  |  | — |  |  | 62 |  |  | — |  |  | — |  |  | 62 |
Warehouse and other lines of credit |  | 1,947,057 |  |  | — |  |  | 1,947,057 |  |  | (1,947,057) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 1,287,418 |  |  | — |  |  | 1,287,418 |  |  | (1,287,418) |  |  | — |  |  | — |
Total liabilities |  | $ | 3,335,246 |  |  | $ | (16,981) |  |  | $ | 3,318,265 |  |  | $ | (3,234,475) |  |  | $ | (60,188) |  |  | $ | 23,602 |
(1)Secured debt obligations as of December 31, 2023 included secured credit facilities and Term Notes.
|  | December 31, 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 |  | $ | 39,386 |  |  | $ | (32,710) |  |  | $ | 6,676 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,676 |
MBS put options |  | 3,361 |  |  | — |  |  | 3,361 |  |  | — |  |  | — |  |  | 3,361 |
Total assets |  | $ | 42,747 |  |  | $ | (32,710) |  |  | $ | 10,037 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,037 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Forward sale contracts |  | $ | 76,192 |  |  | $ | (32,710) |  |  | $ | 43,482 |  |  | $ | — |  |  | $ | (36,270) |  |  | $ | 7,212 |
Put options on treasuries |  | 10,831 |  |  | — |  |  | 10,831 |  |  | — |  |  | (10,831) |  |  | — |
Interest rate swap futures |  | 7,395 |  |  | — |  |  | 7,395 |  |  | — |  |  | (7,395) |  |  | — |
Warehouse and other lines of credit |  | 2,146,602 |  |  | — |  |  | 2,146,602 |  |  | (2,146,602) |  |  | — |  |  | — |
Secured debt obligations (1) |  | 1,298,853 |  |  | — |  |  | 1,298,853 |  |  | (1,298,853) |  |  | — |  |  | — |
Total liabilities |  | $ | 3,539,873 |  |  | $ | (32,710) |  |  | $ | 3,507,163 |  |  | $ | (3,445,455) |  |  | $ | (54,496) |  |  | $ | 7,212 |
(1) Secured debt obligations as of December 31, 2022 included the secured credit facilities and Term Notes.

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