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Servicing Investments (Tables) | 3 Months Ended
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Mar. 31, 2025
Investments, All Other Investments [Abstract] |
Schedule of Components of Servicing Investments and Components of Income From Servicing Investments, Net | Servicing Investments at March 31, 2025 and December 31, 2024 are summarized in the following table. Table 11.1 – Components of Servicing Investments
(In Thousands) |  | March 31, 2025 |  | December 31, 2024
Servicer advance investments, at fair value |  | $ | 234,423 |  |  | $ | 233,820 |
Excess MSRs, at fair value |  | 31,084 |  |  | 32,274 |
MSRs, at fair value |  | 32,783 |  |  | 31,589 |
Total Servicing Investments |  | $ | 298,290 |  |  | $ | 297,683 |
Strategic Investments at March 31, 2025 and December 31, 2024 are summarized in the following table. Table 12.1 – Components of Strategic Investments
(In Thousands) |  | March 31, 2025 |  | December 31, 2024
Strategic investments, equity method |  | $ | 54,963 |  |  | $ | 48,767 |
Strategic investments, measurement alternative |  | 26,446 |  |  | 25,896 |
Strategic investments, at fair value |  | 3,460 |  |  | 3,460 |
Total Strategic Investments |  | $ | 84,869 |  |  | $ | 78,123 |
Income from Strategic Investments for the three months ended March 31, 2025 and 2024 are summarized in the following table. Table 12.2 – Components of Income From Strategic Investments, net
|  | Three Months Ended |  | Three Months Ended |  |
(In Thousands) |  | March 31, 2025 |  | March 31, 2024 |  |
Other income (loss), net (1) |  | $ | 1,179 |  |  | $ | (944) |  |  |
Investment fair value changes, net (2) |  | (80) |  |  | 650 |  |  |
Total Strategic Investments Income, Net |  | $ | 1,099 |  |  | $ | (294) |  |  |
(1)Represents net equity method earnings from our Strategic investments that are accounted for under the equity method. (2)Includes Investment fair value changes related to our Strategic investments that are accounted for under the measurement alternative for equity securities without readily determinable fair values. For the three months ended March 31, 2025, includes Investment fair value gains of $0.5 million and investment fair value losses of $0.4 million under the measurement alternative.

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