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v3.21.2

Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) $ in Thousands | 9 Months Ended
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Sep. 30, 2021 USD ($)
Point Noncontrolling Interest |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | $ 0
Acquisitions | 16,639
Principal paydowns | 0
Gains (losses) in net income (loss), net | 83
Other settlements, net | 0
Ending balance - September 30, 2021 | 16,722
ABS Issued |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 6,900,362
Acquisitions | 2,552,785
Principal paydowns | (1,500,357)
Gains (losses) in net income (loss), net | (196,689)
Other settlements, net | 0
Ending balance - September 30, 2021 | 7,756,101
Residential Loans |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 4,249,014
Acquisitions | 9,926,335
Originations | 0
Sales | (6,958,669)
Principal paydowns | (1,051,390)
Gains (losses) in net income (loss), net | 53,549
Unrealized losses in OCI, net | 0
Other settlements, net | (2,406)
Ending balance - September 30, 2021 | 6,216,433
Business purpose loans |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 4,136,353
Acquisitions | 38,176
Originations | 1,515,262
Sales | (9,484)
Principal paydowns | (942,096)
Gains (losses) in net income (loss), net | (25,658)
Unrealized losses in OCI, net | 0
Other settlements, net | (18,998)
Ending balance - September 30, 2021 | 4,693,555
Multifamily loans |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 492,221
Acquisitions | 0
Originations | 0
Sales | 0
Principal paydowns | (5,685)
Gains (losses) in net income (loss), net | (3,745)
Unrealized losses in OCI, net | 0
Other settlements, net | 0
Ending balance - September 30, 2021 | 482,791
Trading Securities |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 125,667
Acquisitions | 37,117
Originations | 0
Sales | (32,704)
Principal paydowns | (1,783)
Gains (losses) in net income (loss), net | 24,713
Unrealized losses in OCI, net | 0
Other settlements, net | 0
Ending balance - September 30, 2021 | 153,010
AFS Securities |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 218,458
Acquisitions | 1,600
Originations | 0
Sales | (4,785)
Principal paydowns | (45,120)
Gains (losses) in net income (loss), net | 26,998
Unrealized losses in OCI, net | 3,125
Other settlements, net | 0
Ending balance - September 30, 2021 | 200,276
Servicer Advance Investments |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 231,489
Acquisitions | 0
Originations | 0
Sales | 0
Principal paydowns | (58,248)
Gains (losses) in net income (loss), net | (3,179)
Unrealized losses in OCI, net | 0
Other settlements, net | 0
Ending balance - September 30, 2021 | 170,062
Excess MSRs |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 34,418
Acquisitions | 0
Originations | 0
Sales | 0
Principal paydowns | 0
Gains (losses) in net income (loss), net | (5,233)
Unrealized losses in OCI, net | 0
Other settlements, net | 0
Ending balance - September 30, 2021 | 29,185
HEIs |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 42,440
Acquisitions | 122,373
Originations | 0
Sales | 0
Principal paydowns | (10,220)
Gains (losses) in net income (loss), net | 13,263
Unrealized losses in OCI, net | 0
Other settlements, net | 0
Ending balance - September 30, 2021 | 167,856
MSRs |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 27,662
Acquisitions | 14,615
Originations | 0
Sales | 0
Principal paydowns | (9,224)
Gains (losses) in net income (loss), net | (2,974)
Unrealized losses in OCI, net | 0
Other settlements, net | (116)
Ending balance - September 30, 2021 | 29,963
Derivatives |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2020 | 14,450
Acquisitions | 0
Principal paydowns | 0
Gains (losses) in net income (loss), net | 17,806
Other settlements, net | (25,544)
Ending balance - September 30, 2021 | $ 6,712

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