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v3.23.3

Fair Value of Financial Instruments - Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value (Details) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2023 USD ($) $ / loan | Dec. 31, 2022 USD ($)
Assets |  |
ABS issued, net, At fair value | $ | $ 7,910,345 | $ 7,424,132
Variable Interest Entity, Primary Beneficiary | Collateralized Financing Entities | HEI |  |
Liabilities |  |
Fair value of securities owned | $ | 15,000 |
ABS Issued |  |
Liabilities |  |
ABS issued | $ | $ 3,717,707 |
ABS Issued | Prepayment rate (annual CPR) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.03 |
ABS Issued | Prepayment rate (annual CPR) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.25 |
ABS Issued | Prepayment rate (annual CPR) | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.08 |
ABS Issued | Whole loan discount rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.04 |
ABS Issued | Whole loan discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.19 |
ABS Issued | Whole loan discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.08 |
ABS Issued | Default rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0 |
ABS Issued | Default rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.16 |
ABS Issued | Default rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.01 |
ABS Issued | Loss severity | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.25 |
ABS Issued | Loss severity | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.50 |
ABS Issued | Loss severity | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.31 |
CAFL |  |
Liabilities |  |
ABS issued | $ | $ 2,653,224 |
CAFL | Prepayment rate (annual CPR) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0 |
CAFL | Prepayment rate (annual CPR) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.03 |
CAFL | Prepayment rate (annual CPR) | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.001 |
CAFL | Whole loan discount rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.06 |
CAFL | Whole loan discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.12 |
CAFL | Whole loan discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.07 |
CAFL | Default rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.05 |
CAFL | Default rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.14 |
CAFL | Default rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.07 |
CAFL | Loss severity | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.30 |
CAFL | Loss severity | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.40 |
CAFL | Loss severity | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.30 |
Freddie Mac SLST |  |
Liabilities |  |
ABS issued | $ | $ 1,058,991 |
Freddie Mac SLST | Prepayment rate (annual CPR) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.06 |
Freddie Mac SLST | Prepayment rate (annual CPR) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.06 |
Freddie Mac SLST | Prepayment rate (annual CPR) | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.06 |
Freddie Mac SLST | Whole loan discount rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.06 |
Freddie Mac SLST | Whole loan discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.16 |
Freddie Mac SLST | Whole loan discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.07 |
Freddie Mac SLST | Default rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.12 |
Freddie Mac SLST | Default rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.14 |
Freddie Mac SLST | Default rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.13 |
Freddie Mac SLST | Loss severity | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.25 |
Freddie Mac SLST | Loss severity | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.25 |
Freddie Mac SLST | Loss severity | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.25 |
Freddie Mac K-Series |  |
Liabilities |  |
ABS issued | $ | $ 387,650 |
Freddie Mac K-Series | Whole loan discount rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.03 |
Freddie Mac K-Series | Whole loan discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.10 |
Freddie Mac K-Series | Whole loan discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.06 |
Consolidated Point Entities |  |
Liabilities |  |
ABS issued | $ | $ 92,773 |
Consolidated Point Entities | Prepayment rate (annual CPR) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.20 |
Consolidated Point Entities | Prepayment rate (annual CPR) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.20 |
Consolidated Point Entities | Prepayment rate (annual CPR) | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.20 |
Consolidated Point Entities | Whole loan discount rate | Minimum |  |
Liabilities |  |
ABS issued, measurement input | 0.10 |
Consolidated Point Entities | Whole loan discount rate | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.16 |
Consolidated Point Entities | Whole loan discount rate | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.11 |
Consolidated Point Entities | Home price appreciation (depreciation) | Minimum |  |
Liabilities |  |
ABS issued, measurement input | (0.01) |
Consolidated Point Entities | Home price appreciation (depreciation) | Maximum |  |
Liabilities |  |
ABS issued, measurement input | 0.03 |
Consolidated Point Entities | Home price appreciation (depreciation) | Weighted Average |  |
Liabilities |  |
ABS issued, measurement input | 0.03 |
Jumbo loans |  |
Assets |  |
ABS issued, net, At fair value | $ | $ 540,782 |
Jumbo loans | Senior credit spread to TBA price(2) | Minimum |  |
Assets |  |
Loans held-for-sale, measurement input | 1.63 |
Jumbo loans | Senior credit spread to TBA price(2) | Maximum |  |
Assets |  |
Loans held-for-sale, measurement input | 2.63 |
Jumbo loans | Senior credit spread to TBA price(2) | Weighted Average |  |
Assets |  |
Loans held-for-sale, measurement input | 1.71 |
Jumbo loans | Subordinate credit spread | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.0275 |
Jumbo loans | Subordinate credit spread | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.1020 |
Jumbo loans | Subordinate credit spread | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.0438 |
Jumbo loans | Senior credit support | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.07 |
Jumbo loans | Senior credit support | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.07 |
Jumbo loans | Senior credit support | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.07 |
Jumbo loans | IO discount rate | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.10 |
Jumbo loans | IO discount rate | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.10 |
Jumbo loans | IO discount rate | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.10 |
Jumbo loans | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Loans held-for-sale, measurement input | 0.15 |
Jumbo loans | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Loans held-for-sale, measurement input | 0.15 |
Jumbo loans | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Loans held-for-sale, measurement input | 0.15 |
Jumbo loans committed to sell |  |
Assets |  |
ABS issued, net, At fair value | $ | $ 70,136 |
Jumbo loans committed to sell | Whole loan committed sales price | Minimum |  |
Assets |  |
Residential loans, measurement input | 98 |
Jumbo loans committed to sell | Whole loan committed sales price | Maximum |  |
Assets |  |
Residential loans, measurement input | 101 |
Jumbo loans committed to sell | Whole loan committed sales price | Weighted Average |  |
Assets |  |
Residential loans, measurement input | 98 |
Legacy Sequoia |  |
Assets |  |
Loans receivable, fair value | $ | $ 150,152 |
Sequoia |  |
Assets |  |
Loans receivable, fair value | $ | 3,774,090 |
Liabilities |  |
Fair value of securities owned | $ | 206,000 |
Freddie Mac SLST |  |
Assets |  |
Loans receivable, fair value | $ | 1,312,149 |
Liabilities |  |
Fair value of securities owned | $ | 256,000 | 323,000
BPL term loans |  |
Assets |  |
Loans receivable, fair value | $ | $ 72,149 |
BPL term loans | Senior credit spread | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.0185 |
BPL term loans | Senior credit spread | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.0185 |
BPL term loans | Senior credit spread | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.0185 |
BPL term loans | Subordinate credit spread | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.0325 |
BPL term loans | Subordinate credit spread | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.0818 |
BPL term loans | Subordinate credit spread | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.0468 |
BPL term loans | Senior credit support | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.35 |
BPL term loans | Senior credit support | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.35 |
BPL term loans | Senior credit support | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.35 |
BPL term loans | IO discount rate | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.08 |
BPL term loans | IO discount rate | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.09 |
BPL term loans | IO discount rate | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.08 |
BPL term loans | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0 |
BPL term loans | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Loans receivable, measurement input | 0.03 |
BPL term loans | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.03 |
BPL term loans | Dollar price of non-performing loans | Minimum |  |
Assets |  |
Loans receivable, measurement input | 60 |
BPL term loans | Dollar price of non-performing loans | Maximum |  |
Assets |  |
Loans receivable, measurement input | 100 |
BPL term loans | Dollar price of non-performing loans | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 61 |
CAFL |  |
Assets |  |
Loans receivable, fair value | $ | $ 2,969,217 |
Liabilities |  |
Fair value of securities owned | $ | 316,000 | $ 304,000
BPL bridge loans |  |
Assets |  |
Loans receivable, fair value | $ | $ 2,207,964 |
BPL bridge loans | Dollar price of non-performing loans | Minimum |  |
Assets |  |
Loans held-for-investment, measurement input | 48 |
BPL bridge loans | Dollar price of non-performing loans | Maximum |  |
Assets |  |
Loans held-for-investment, measurement input | 100 |
BPL bridge loans | Dollar price of non-performing loans | Weighted Average |  |
Assets |  |
Loans held-for-investment, measurement input | 91 |
BPL bridge loans | Whole loan discount rate | Minimum |  |
Assets |  |
Loans held-for-investment, measurement input | 0.06 |
BPL bridge loans | Whole loan discount rate | Maximum |  |
Assets |  |
Loans held-for-investment, measurement input | 0.12 |
BPL bridge loans | Whole loan discount rate | Weighted Average |  |
Assets |  |
Loans held-for-investment, measurement input | 0.09 |
BPL bridge loans | Dollar price of non-performing loans | Minimum |  |
Assets |  |
Loans held-for-investment, measurement input | 0.0520 |
BPL bridge loans | Dollar price of non-performing loans | Maximum |  |
Assets |  |
Loans held-for-investment, measurement input | 0.0520 |
BPL bridge loans | Dollar price of non-performing loans | Weighted Average |  |
Assets |  |
Loans held-for-investment, measurement input | 0.0520 |
Freddie Mac K-Series |  |
Assets |  |
Loans receivable, fair value | $ | $ 420,554 |
Liabilities |  |
Fair value of securities owned | $ | 33,000 |
Trading and AFS securities |  |
Assets |  |
Trading and AFS securities | $ | $ 129,445 |
Trading and AFS securities | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Trading and AFS securities | 0.04 |
Trading and AFS securities | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Trading and AFS securities | 0.65 |
Trading and AFS securities | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Trading and AFS securities | 0.10 |
Trading and AFS securities | Whole loan discount rate | Minimum |  |
Assets |  |
Trading and AFS securities | 0.06 |
Trading and AFS securities | Whole loan discount rate | Maximum |  |
Assets |  |
Trading and AFS securities | 0.18 |
Trading and AFS securities | Whole loan discount rate | Weighted Average |  |
Assets |  |
Trading and AFS securities | 0.11 |
Trading and AFS securities | Default rate | Minimum |  |
Assets |  |
Trading and AFS securities | 0 |
Trading and AFS securities | Default rate | Maximum |  |
Assets |  |
Trading and AFS securities | 0.14 |
Trading and AFS securities | Default rate | Weighted Average |  |
Assets |  |
Trading and AFS securities | 0.001 |
Trading and AFS securities | Loss severity | Minimum |  |
Assets |  |
Trading and AFS securities | 0 |
Trading and AFS securities | Loss severity | Maximum |  |
Assets |  |
Trading and AFS securities | 0.50 |
Trading and AFS securities | Loss severity | Weighted Average |  |
Assets |  |
Trading and AFS securities | 0.22 |
HEI |  |
Assets |  |
HEI | $ | $ 302,122 |
HEI | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
HEI, Measurement input | 0.01 |
HEI | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
HEI, Measurement input | 0.20 |
HEI | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
HEI, Measurement input | 0.15 |
HEI | Whole loan discount rate | Minimum |  |
Assets |  |
HEI, Measurement input | 0.10 |
HEI | Whole loan discount rate | Maximum |  |
Assets |  |
HEI, Measurement input | 0.11 |
HEI | Whole loan discount rate | Weighted Average |  |
Assets |  |
HEI, Measurement input | 0.10 |
HEI | Home price appreciation (depreciation) | Minimum |  |
Assets |  |
HEI, Measurement input | (0.01) |
HEI | Home price appreciation (depreciation) | Maximum |  |
Assets |  |
HEI, Measurement input | 0.03 |
HEI | Home price appreciation (depreciation) | Weighted Average |  |
Assets |  |
HEI, Measurement input | 0.03 |
HEIs held by Point HEI entity |  |
Assets |  |
HEI | $ | $ 129,150 |
Servicer Advance Investments |  |
Assets |  |
Servicing asset | $ | $ 219,813 |
Servicer Advance Investments | Minimum |  |
Assets |  |
Expected remaining life | 6 years |
Servicer Advance Investments | Maximum |  |
Assets |  |
Expected remaining life | 6 years |
Servicer Advance Investments | Weighted Average |  |
Assets |  |
Expected remaining life | 6 years |
Servicer Advance Investments | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.11 |
Servicer Advance Investments | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.30 |
Servicer Advance Investments | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.14 |
Servicer Advance Investments | Whole loan discount rate | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.03 |
Servicer Advance Investments | Whole loan discount rate | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.05 |
Servicer Advance Investments | Whole loan discount rate | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.04 |
Servicer Advance Investments | Mortgage servicing income | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0 |
Servicer Advance Investments | Mortgage servicing income | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.0018 |
Servicer Advance Investments | Mortgage servicing income | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.0004 |
MSRs |  |
Assets |  |
Servicing asset | $ | $ 26,033 |
MSRs | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.03 |
MSRs | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.21 |
MSRs | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.06 |
MSRs | Whole loan discount rate | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.12 |
MSRs | Whole loan discount rate | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.73 |
MSRs | Whole loan discount rate | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.13 |
MSRs | Per loan annual cost to service | Minimum |  |
Assets |  |
Servicing asset, measurement input | 93 |
MSRs | Per loan annual cost to service | Maximum |  |
Assets |  |
Servicing asset, measurement input | 93 |
MSRs | Per loan annual cost to service | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 93 |
Excess MSRs |  |
Assets |  |
Servicing asset | $ | $ 38,427 |
Excess MSRs | Prepayment rate (annual CPR) | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.10 |
Excess MSRs | Prepayment rate (annual CPR) | Maximum |  |
Assets |  |
Servicing asset, measurement input | 1 |
Excess MSRs | Prepayment rate (annual CPR) | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.17 |
Excess MSRs | Whole loan discount rate | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.13 |
Excess MSRs | Whole loan discount rate | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.19 |
Excess MSRs | Whole loan discount rate | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.18 |
Excess MSRs | Excess mortgage servicing amount | Minimum |  |
Assets |  |
Servicing asset, measurement input | 0.0008 |
Excess MSRs | Excess mortgage servicing amount | Maximum |  |
Assets |  |
Servicing asset, measurement input | 0.0020 |
Excess MSRs | Excess mortgage servicing amount | Weighted Average |  |
Assets |  |
Servicing asset, measurement input | 0.0011 |
Residential loan purchase commitments |  |
Assets |  |
Loan purchase commitments, net | $ | $ 1,980 |
Residential loan purchase commitments | Pull-through rate | Minimum |  |
Assets |  |
Loans receivable, measurement input | 0.22 |
Residential loan purchase commitments | Pull-through rate | Maximum |  |
Assets |  |
Loans receivable, measurement input | 1 |
Residential loan purchase commitments | Pull-through rate | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 0.68 |
Residential loan purchase commitments | Committed sales price | Minimum |  |
Assets |  |
Loans receivable, measurement input | 102 |
Residential loan purchase commitments | Committed sales price | Maximum |  |
Assets |  |
Loans receivable, measurement input | 103 |
Residential loan purchase commitments | Committed sales price | Weighted Average |  |
Assets |  |
Loans receivable, measurement input | 102 |

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- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10 + Details
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- Definition Value of input used to measure debt instrument, including, but not limited to, convertible and non-convertible debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition The fair value as of the balance sheet date of firm holdings in private equity, mezzanine, venture capital, merchant banking, real estate and special situations investments. Includes both pledged (to counterparties as collateral for financing transactions) and unpledged holdings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481961/940-320-45-2 + Details
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