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Fair Value of Financial Instruments - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) $ in Thousands | 6 Months Ended
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Jun. 30, 2024 USD ($)
HEI Securitization Non-Controlling Interest |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | $ 59,752
Acquisitions | 0
Sales | 0
Principal paydowns | 0
Gains (losses) in net income, net | 12,508
Other settlements, net | 0
Ending balance - June 30, 2024 | 72,260
ABS Issued |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 9,151,263
Acquisitions | 2,600,015
Sales | (1,341)
Principal paydowns | (648,108)
Gains (losses) in net income, net | (126,141)
Other settlements, net | 0
Ending balance - June 30, 2024 | 10,975,688
Residential Consumer Loans |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 7,050,637
Acquisitions | 2,907,602
Originations | 0
Sales | (205,016)
Principal paydowns | (441,219)
Gains (losses) in net income, net | (100,547)
Unrealized gains in OCI, net | 0
Other settlements, net | (1,301)
Ending balance - June 30, 2024 | 9,210,156
Residential investor loans |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 5,220,297
Acquisitions | 16,325
Originations | 755,826
Sales | (467,797)
Principal paydowns | (634,224)
Gains (losses) in net income, net | 2,305
Unrealized gains in OCI, net | 0
Other settlements, net | (13,082)
Ending balance - June 30, 2024 | 4,879,650
Consolidated Agency multifamily loans |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 425,285
Acquisitions | 0
Originations | 0
Sales | 0
Principal paydowns | (1,022)
Gains (losses) in net income, net | (2,469)
Unrealized gains in OCI, net | 0
Other settlements, net | 0
Ending balance - June 30, 2024 | 421,794
Trading Securities |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 40,424
Acquisitions | 63,618
Originations |
Sales | 0
Principal paydowns | (476)
Gains (losses) in net income, net | 16,058
Unrealized gains in OCI, net | 0
Other settlements, net | 0
Ending balance - June 30, 2024 | 119,624
AFS Securities |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 87,373
Acquisitions | 47,442
Originations |
Sales | 0
Principal paydowns | (175)
Gains (losses) in net income, net | 429
Unrealized gains in OCI, net | 9,708
Other settlements, net | 0
Ending balance - June 30, 2024 | 144,777
HEI |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 550,436
Acquisitions | 606
Originations | 0
Sales | 0
Principal paydowns | (27,182)
Gains (losses) in net income, net | 50,259
Unrealized gains in OCI, net | 0
Other settlements, net | 0
Ending balance - June 30, 2024 | 574,119
Servicer Advance Investments |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 225,345
Acquisitions | 0
Originations | 0
Sales | 0
Principal paydowns | (8,959)
Gains (losses) in net income, net | 10,977
Unrealized gains in OCI, net | 0
Other settlements, net | 0
Ending balance - June 30, 2024 | 227,363
Excess MSRs |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 37,367
Acquisitions | 0
Originations | 0
Sales | 0
Principal paydowns | 0
Gains (losses) in net income, net | (2,613)
Unrealized gains in OCI, net | 0
Other settlements, net | 0
Ending balance - June 30, 2024 | 34,754
MSRs and Other Investments |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 28,070
Acquisitions | 185
Originations | 0
Sales | 0
Principal paydowns | (128)
Gains (losses) in net income, net | 3,691
Unrealized gains in OCI, net | 0
Other settlements, net | (100)
Ending balance - June 30, 2024 | 31,718
Derivatives |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
Beginning balance - December 31, 2023 | 8,104
Acquisitions | 0
Sales | 0
Principal paydowns | 0
Gains (losses) in net income, net | 1,137
Other settlements, net | (5,571)
Ending balance - June 30, 2024 | $ 3,670

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