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v3.23.3

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 | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 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 |  | 3,298
Other settlements, net |  | 0
Ending balance - September 30, 2023 | $ 25,627 | 25,627
ABS Issued |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 7,424,132
Acquisitions |  | 1,240,120
Principal paydowns |  | (571,883)
Gains (losses) in net income, net |  | (182,023)
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 7,910,346 | 7,910,346
Residential Loans |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 5,613,157
Acquisitions |  | 1,050,444
Originations |  | 0
Sales |  | (226,646)
Principal paydowns |  | (363,128)
Gains (losses) in net income, net |  | (224,162)
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | (2,356)
Ending balance - September 30, 2023 | 5,847,309 | 5,847,309
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 |  | 1,255,680
Sales |  | (471,336)
Principal paydowns |  | (802,610)
Gains (losses) in net income, net |  | (17,809)
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | (47,181)
Ending balance - September 30, 2023 | 5,249,330 | 5,249,330
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 |  | (6,198)
Gains (losses) in net income, net |  | 2,200
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 420,554 | 420,554
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 |  | (82,270)
Principal paydowns |  | (324)
Gains (losses) in net income, net |  | 14,423
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 48,041 | 48,041
AFS 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 |  | (54,339)
Principal paydowns |  | (632)
Gains (losses) in net income, net |  | 946
Unrealized losses in OCI, net |  | 1,304
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 81,404 | 81,404
HEI |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 403,462
Acquisitions |  | 25,626
Originations |  | 0
Sales |  | 0
Principal paydowns |  | (26,153)
Gains (losses) in net income, net |  | 28,337
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 431,272 | 431,272
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 |  | (55,828)
Gains (losses) in net income, net |  | 6,382
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 219,813 | 219,813
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 |  | (608)
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | 0
Ending balance - September 30, 2023 | 38,427 | 38,427
MSRs and Other Investments |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance - December 31, 2022 |  | 31,576
Acquisitions | 0 | 500
Originations |  | 0
Sales |  | (272)
Principal paydowns |  | (114)
Gains (losses) in net income, net |  | 426
Unrealized losses in OCI, net |  | 0
Other settlements, net |  | (500)
Ending balance - September 30, 2023 | 31,616 | 31,616
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 |  | 10,086
Other settlements, net |  | (8,428)
Ending balance - September 30, 2023 | $ 1,980 | $ 1,980

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