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Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | $ 511,826 | $ 380,842 | $ 281,594 | $ 343,662
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 3,602 | 0 | 5,980 | 0
Issuances | (40,982) | (7,023) | (294,065) | 32,603
Sales | (24) | (2) | (155) | (230)
Settlements | 47,202 | 5,005 | 99,470 | 16,813
Transfers from MSRs carried at amortized cost, net of valuation allowance |  |  | 418,925 |
Transfers to loans held for sale, at fair value | (257) |  | (441) |
Transfers to other assets | (33) | (1,423) | (137) | (1,423)
Transfers to receivables, net | (22) |  | (72) |
Purchases, issuances, sales and settlements, total | 9,486 | (3,443) | 229,505 | 47,763
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (45,184) | (19,683) | (35,666) | (33,709)
Calls and other | 1,412 |  | 2,107 |
Total realized and unrealized gains (losses) included in earnings | (43,772) |  | (33,559) |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 477,540 | 357,716 | 477,540 | 357,716
Loans Held for Investment [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 4,988,151 | 3,916,387 | 4,715,831 | 3,565,716
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | 236,386 | 351,392 | 487,472 | 698,473
Sales | 0 | 0 | 0 | 0
Settlements | (103,497) | (112,279) | (186,216) | (192,569)
Transfers to loans held for sale, at fair value | (257) |  | (441) |
Transfers to other assets | (33) | (1,423) | (137) | (1,423)
Transfers to receivables, net | (22) |  | (72) |
Purchases, issuances, sales and settlements, total | 132,577 | 237,690 | 300,606 | 504,481
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 23,030 | 69,699 | 127,321 | 153,579
Calls and other | 0 |  |  |
Total realized and unrealized gains (losses) included in earnings | 23,030 |  | 127,321 |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 5,143,758 | 4,223,776 | 5,143,758 | 4,223,776
HMBS - Related Borrowings [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | (4,838,193) | (3,739,265) | (4,601,556) | (3,433,781)
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | (276,751) | (357,704) | (499,576) | (664,453)
Sales | 0 | 0 | 0 | 0
Settlements | 100,737 | 101,132 | 181,548 | 176,231
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | (176,014) | (256,572) | (318,028) | (488,222)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (26,776) | (65,789) | (121,399) | (139,623)
Calls and other | 0 |  |  |
Total realized and unrealized gains (losses) included in earnings | (26,776) |  | (121,399) |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | (5,040,983) | (4,061,626) | (5,040,983) | (4,061,626)
Mortgage-Backed Securities [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,679 | 8,658 | 1,592 | 8,342
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 0 | 0 | 0 | 0
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 53 | 328 | 140 | 644
Calls and other | 0 |  |  |
Total realized and unrealized gains (losses) included in earnings | 53 |  | 140 |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 1,732 | 8,986 | 1,732 | 8,986
Financing Liability - MSRs Pledged [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | (715,924) | (459,187) | (508,291) | (477,707)
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | 0 | 0 | (279,586) | 0
Sales | 0 | 0 | 0 | 0
Settlements | 49,962 | 16,194 | 104,509 | 33,193
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 49,962 | 16,194 | (175,077) | 33,193
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (8,069) | 1,986 | 8,642 | 3,507
Calls and other | 1,412 |  | 2,107 |
Total realized and unrealized gains (losses) included in earnings | (6,657) |  | 10,749 |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | (672,619) | (441,007) | (672,619) | (441,007)
Derivatives [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,866 | 2,262 | 2,056 | 1,836
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 95 | 0 | 95 | 0
Issuances | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | (42) | (371) | (42)
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 95 | (42) | (276) | (42)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (304) | (283) | (123) | 143
Calls and other | 0 |  |  |
Total realized and unrealized gains (losses) included in earnings | (304) |  | (123) |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 1,657 | 1,937 | 1,657 | 1,937
MSRs [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,074,247 | 651,987 | 671,962 | 679,256
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 3,507 | 0 | 5,885 | 0
Issuances | (617) | (711) | (2,375) | (1,417)
Sales | (24) | (2) | (155) | (230)
Settlements | 0 | 0 | 0 | 0
Transfers from MSRs carried at amortized cost, net of valuation allowance |  |  | 418,925 |
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 2,866 | (713) | 422,280 | (1,647)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (33,118) | (25,624) | (50,247) | (51,959)
Calls and other | 0 |  |  |
Total realized and unrealized gains (losses) included in earnings | (33,118) |  | (50,247) |
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | $ 1,043,995 | $ 625,650 | $ 1,043,995 | $ 625,650

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