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v3.24.3

Debt Obligations, Net - Schedule of Debt Obligations (Details) $ in Thousands | 9 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2024 USD ($) facility | Dec. 31, 2023 USD ($) facility | Jun. 30, 2024 USD ($) | Jan. 31, 2024 USD ($)
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Face Amount | $ 3,821,112 | $ 3,249,158 |  |
Carrying Value of Collateral | 4,129,209 | 3,405,564 |  |
Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 3,801,446 | $ 3,239,123 |  |
Short-Term Warehouse Facilities and Other: | Residential consumer loan warehouse facilities | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 7 | 4 |  |
Debt Instrument, Face Amount | $ 1,269,512 | $ 796,537 |  |
Facility Capacity | $ 2,675,000 | $ 1,150,000 |  |
Weighted Average Interest Rate (as percent) | 6.69% | 7.27% |  |
Carrying Value of Collateral | $ 1,350,551 | $ 907,742 |  |
Short-Term Warehouse Facilities and Other: | Residential consumer loan warehouse facilities | Facilities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 1,269,512 | $ 796,537 |  |
Short-Term Warehouse Facilities and Other: | Residential investor loan warehouse facilities | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 3 | 2 |  |
Debt Instrument, Face Amount | $ 277,536 | $ 71,851 |  |
Facility Capacity | $ 900,000 | $ 455,000 |  |
Weighted Average Interest Rate (as percent) | 8.29% | 8.14% |  |
Carrying Value of Collateral | $ 422,636 | $ 95,225 |  |
Short-Term Warehouse Facilities and Other: | Residential investor loan warehouse facilities | Facilities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 276,827 | $ 71,719 |  |
Short-Term Warehouse Facilities and Other: | Real estate securities repurchase facilities | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 6 | 3 |  |
Debt Instrument, Face Amount | $ 185,393 | $ 82,622 |  |
Facility Capacity | $ 0 | $ 0 |  |
Weighted Average Interest Rate (as percent) | 6.45% | 7.01% |  |
Carrying Value of Collateral | $ 250,416 | $ 122,110 |  |
Short-Term Warehouse Facilities and Other: | Real estate securities repurchase facilities | Facilities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 185,393 | $ 82,622 |  |
Short-Term Warehouse Facilities and Other: | Residential MSR warehouse facility | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 | 1 |  |
Debt Instrument, Face Amount | $ 54,306 | $ 47,858 |  |
Facility Capacity | $ 75,000 | $ 50,000 |  |
Weighted Average Interest Rate (as percent) | 8.25% | 8.60% |  |
Carrying Value of Collateral | $ 80,392 | $ 76,560 |  |
Short-Term Warehouse Facilities and Other: | Residential MSR warehouse facility | Facilities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 54,306 | $ 47,858 |  |
Short-Term Warehouse Facilities and Other: | HEI warehouse facility | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 | 1 |  |
Debt Instrument, Face Amount | $ 100,302 | $ 122,659 |  |
Facility Capacity | $ 150,000 | $ 150,000 |  |
Weighted Average Interest Rate (as percent) | 9.52% | 9.89% |  |
Carrying Value of Collateral | $ 210,288 | $ 237,973 |  |
Short-Term Warehouse Facilities and Other: | HEI warehouse facility | Facilities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 100,302 | $ 122,659 |  |
Short-Term Warehouse Facilities and Other: | Servicer advance financing | Servicer advance financing |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 | 1 |  |
Debt Instrument, Face Amount | $ 156,116 | $ 154,369 |  |
Facility Capacity | $ 240,000 | $ 240,000 |  |
Weighted Average Interest Rate (as percent) | 7.31% | 7.71% |  |
Carrying Value of Collateral | $ 212,446 | $ 225,345 |  |
Short-Term Warehouse Facilities and Other: | Servicer advance financing | Servicer advance financing | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 155,986 | $ 153,654 |  |
Recourse Subordinate Securities Financing: | Sequoia securities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility |  | 1 |  |
Debt Instrument, Face Amount |  | $ 124,552 |  |
Weighted Average Interest Rate (as percent) |  | 7.21% |  |
Carrying Value of Collateral |  | $ 175,096 |  |
Recourse Subordinate Securities Financing: | Sequoia securities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value |  | $ 124,552 |  |
Recourse Subordinate Securities Financing: | CAFL securities 1 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility |  | 1 |  |
Debt Instrument, Face Amount |  | $ 101,228 |  |
Weighted Average Interest Rate (as percent) |  | 5.71% |  |
Carrying Value of Collateral |  | $ 124,793 |  |
Recourse Subordinate Securities Financing: | CAFL securities 1 | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value |  | $ 101,228 |  |
Recourse Subordinate Securities Financing: | CAFL securities 2 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 | 1 |  |
Debt Instrument, Face Amount | $ 269,037 | $ 57,982 |  |
Weighted Average Interest Rate (as percent) | 7.54% | 4.75% |  |
Carrying Value of Collateral | $ 324,874 | $ 112,813 |  |
Recourse Subordinate Securities Financing: | CAFL securities 2 | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 267,833 | $ 57,982 |  |
Long-Term Warehouse Facilities: | Residential Investor Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 4 | 6 |  |
Debt Instrument, Face Amount | $ 696,671 | $ 1,023,384 |  |
Facility Capacity | $ 1,625,000 | $ 2,350,000 |  |
Weighted Average Interest Rate (as percent) | 8.16% | 8.14% |  |
Carrying Value of Collateral | $ 987,286 | $ 1,327,907 |  |
Long-Term Warehouse Facilities: | Residential Investor Facilities | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 695,431 | $ 1,021,708 |  |
Corporate Debt: | Promissory notes | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 3 | 3 |  |
Debt Instrument, Face Amount | $ 13,663 | $ 16,063 |  |
Facility Capacity | $ 0 |  |  |
Weighted Average Interest Rate (as percent) | 7.02% | 6.97% |  |
Carrying Value of Collateral | $ 0 | $ 0 |  |
Corporate Debt: | Promissory notes | Carrying Value | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 13,663 | $ 16,063 |  |
Corporate Debt: | Corporate Secured Revolving Financing Facility | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 |  |  |
Debt Instrument, Face Amount | $ 150,000 |  |  |
Facility Capacity | $ 250,000 |  |  |
Weighted Average Interest Rate (as percent) | 10.02% |  |  |
Carrying Value of Collateral | $ 290,320 |  |  |
Corporate Debt: | Corporate Secured Revolving Financing Facility | Carrying Value | Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 144,281 |  |  |
Corporate Debt: | 5.625% convertible senior notes | Convertible Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility |  | 1 |  |
Debt Instrument, Face Amount |  | $ 142,977 |  |
Weighted Average Interest Rate (as percent) |  | 5.625% |  |
Corporate Debt: | 5.625% convertible senior notes | Carrying Value | Convertible Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value |  | $ 142,558 |  |
Corporate Debt: | 5.75% exchangeable senior notes | Exchangeable Senior Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 | 1 |  |
Debt Instrument, Face Amount | $ 156,666 | $ 156,666 |  |
Weighted Average Interest Rate (as percent) | 5.75% | 5.75% |  |
Corporate Debt: | 5.75% exchangeable senior notes | Carrying Value | Exchangeable Senior Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 155,772 | $ 155,138 |  |
Corporate Debt: | 7.75% convertible senior notes | Convertible Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 | 1 |  |
Debt Instrument, Face Amount | $ 207,410 | $ 210,910 |  |
Weighted Average Interest Rate (as percent) | 7.75% | 7.75% |  |
Corporate Debt: | 7.75% convertible senior notes | Carrying Value | Convertible Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 203,525 | $ 206,032 |  |
Corporate Debt: | Trust preferred securities and subordinated notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 2 | 2 |  |
Debt Instrument, Face Amount | $ 139,500 | $ 139,500 |  |
Weighted Average Interest Rate (as percent) | 7.77% | 7.90% |  |
Corporate Debt: | Trust preferred securities and subordinated notes | Carrying Value |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 138,848 | $ 138,813 |  |
Corporate Debt: | 9.125% Senior Notes | Unsecured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 |  |  |
Debt Instrument, Face Amount | $ 60,000 |  |  | $ 60,000
Weighted Average Interest Rate (as percent) | 9.125% |  |  |
Corporate Debt: | 9.125% Senior Notes | Carrying Value | Unsecured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 57,776 |  |  |
Corporate Debt: | 9.0% Senior Notes | Unsecured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Number of Facilities or Issuances | facility | 1 |  |  |
Debt Instrument, Face Amount | $ 85,000 |  | $ 85,000 |
Weighted Average Interest Rate (as percent) | 9.00% |  | 9.00% |
Corporate Debt: | 9.0% Senior Notes | Carrying Value | Unsecured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Carrying Value | $ 81,991 |  |  |

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