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v3.23.2

Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2023
HEI Securitization Non-Controlling Interest |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | $ 22,329
Acquisitions |  | 0
Principal paydowns |  | 0
Gains (losses) in net income, net |  | 1,566
Other settlements, net |  | 0
Ending balance - June 30, 2023 | $ 23,895 | 23,895
ABS Issued |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 7,424,132
Acquisitions |  | 635,080
Principal paydowns |  | (360,697)
Gains (losses) in net income, net |  | 4,311
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 7,702,826 | 7,702,826
Residential Loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 5,613,157
Acquisitions |  | 235,479
Originations |  | 0
Sales |  | (172,801)
Principal paydowns |  | (230,957)
Gains (losses) in net income, net |  | 12,129
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | (1,138)
Ending balance - June 30, 2023 | 5,455,869 | 5,455,869
Business purpose loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 5,332,586
Acquisitions |  | 0
Originations |  | 844,799
Sales |  | (409,790)
Principal paydowns |  | (529,404)
Gains (losses) in net income, net |  | (4,870)
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | (6,598)
Ending balance - June 30, 2023 | 5,226,723 | 5,226,723
Consolidated Agency multifamily loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 424,552
Acquisitions |  | 0
Originations |  | 0
Sales |  | 0
Principal paydowns |  | (4,145)
Gains (losses) in net income, net |  | (311)
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 420,096 | 420,096
Trading Securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 108,329
Acquisitions |  | 7,883
Originations |  | 0
Sales |  | (55,087)
Principal paydowns |  | (258)
Gains (losses) in net income, net |  | 8,456
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 69,323 | 69,323
Available-for-sale securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 132,146
Acquisitions |  | 1,979
Originations |  | 0
Sales |  | (41,775)
Principal paydowns |  | (385)
Gains (losses) in net income, net |  | 650
Unrealized losses in OCI, net |  | 4,881
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 97,496 | 97,496
HEIs |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 403,462
Acquisitions |  | 25,513
Originations |  | 0
Sales |  | 0
Principal paydowns |  | (17,031)
Gains (losses) in net income, net |  | 15,363
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 427,307 | 427,307
Servicer Advance Investments |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 269,259
Acquisitions |  | 0
Originations |  | 0
Sales |  | 0
Principal paydowns |  | (37,268)
Gains (losses) in net income, net |  | 2,313
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 234,304 | 234,304
Excess MSRs |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 39,035
Acquisitions |  | 0
Originations |  | 0
Sales |  | 0
Principal paydowns |  | 0
Gains (losses) in net income, net |  | 842
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - June 30, 2023 | 39,877 | 39,877
MSRs |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 31,576
Acquisitions | 1,000 | 500
Originations |  | 0
Sales |  | (272)
Principal paydowns |  | (100)
Gains (losses) in net income, net |  | 635
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | (250)
Ending balance - June 30, 2023 | 32,089 | 32,089
Derivatives |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 322
Acquisitions |  | 0
Principal paydowns |  | 0
Gains (losses) in net income, net |  | 2,505
Other settlements, net |  | 781
Ending balance - June 30, 2023 | $ 2,046 | $ 2,046

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