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Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Level 3 | Loans Held for Investment - Reverse Mortgages        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 6,568,821 $ 5,726,917 $ 6,269,596 $ 5,472,199
Purchases, issuances, sales and settlements        
Purchases 0 0 0 0
Issuances 273,142 217,757 568,074 427,021
Sales 0 0 0 0
Settlements (195,019) (127,884) (370,114) (232,514)
Transfers to loans held for sale, at fair value (541) (488) (1,119) (884)
Transfers to other assets (100) (36) (365) (155)
Transfers to receivables, net (157) (45) (286) (113)
Purchases, issuances, sales and settlements, total 77,325 89,304 243,228 193,355
Total realized and unrealized gains and (losses):        
Change in fair value 72,846 56,186 206,168 206,853
Calls and other 0 0   0
Total realized and unrealized gains (losses) included in earnings 72,846 56,186 206,168 206,853
Transfers in and / or out of Level 3 0 0 0 0
Ending balance 6,718,992 5,872,407 6,718,992 5,872,407
Level 3 | HMBS-Related Borrowings        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (6,323,091) (5,614,688) (6,063,434) (5,380,448)
Purchases, issuances, sales and settlements        
Purchases 0 0 0 0
Issuances (278,391) (214,543) (590,640) (425,106)
Sales 0 0 0 0
Settlements 192,804 125,626 365,233 228,015
Transfers to loans held for sale, at fair value 0 0    
Transfers to other assets 0 0   0
Transfers to receivables, net 0 0    
Purchases, issuances, sales and settlements, total (85,587) (88,917) (225,407) (197,091)
Total realized and unrealized gains and (losses):        
Change in fair value (68,938) (41,778) (188,775) (167,844)
Calls and other 0 0   0
Total realized and unrealized gains (losses) included in earnings (68,938) (41,778) (188,775) (167,844)
Transfers in and / or out of Level 3 0 0 0 0
Ending balance (6,477,616) (5,745,383) (6,477,616) (5,745,383)
Level 3 | Loans Held for Inv. - Restricted for Securitization Investors        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 22,561 26,237 23,342 26,520
Purchases, issuances, sales and settlements        
Purchases 0 0    
Issuances 0 0    
Deconsolidation of mortgage-backed securitization trusts (10,715)   (10,715)  
Sales 0 0    
Settlements (182) (913) (963) (1,196)
Transfers to loans held for sale, at fair value 0 0    
Transfers to other assets 0 0   0
Transfers to receivables, net 0 0    
Purchases, issuances, sales and settlements, total (10,897) (913) (11,678) (1,196)
Total realized and unrealized gains and (losses):        
Change in fair value 0 0 0 0
Calls and other 0 0    
Total realized and unrealized gains (losses) included in earnings 0 0 0 0
Transfers in and / or out of Level 3 0 0    
Ending balance 11,664 25,324 11,664 25,324
Level 3 | Financing Liability Owed to Securitization Investors        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (21,365) (24,562) (22,002) (24,815)
Purchases, issuances, sales and settlements        
Purchases 0 0    
Issuances 0 0    
Deconsolidation of mortgage-backed securitization trusts 9,519   9,519  
Sales 0 0    
Settlements 326 865 963 1,118
Transfers to loans held for sale, at fair value 0 0    
Transfers to other assets 0 0   0
Transfers to receivables, net 0 0    
Purchases, issuances, sales and settlements, total 9,845 865 10,482 1,118
Total realized and unrealized gains and (losses):        
Change in fair value (144) 0 (144) 0
Calls and other 0 0    
Total realized and unrealized gains (losses) included in earnings (144) 0 (144) 0
Transfers in and / or out of Level 3 0 0    
Ending balance (11,664) (23,697) (11,664) (23,697)
Level 3 | Loans Held for Sale - Fair Value        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 25,582   0  
Purchases, issuances, sales and settlements        
Purchases 58,510   58,510  
Issuances 0      
Sales (58,550)   (58,550)  
Settlements (426)   (426)  
Transfers to loans held for sale, at fair value 0      
Transfers to other assets 0      
Transfers to receivables, net (270)   (270)  
Purchases, issuances, sales and settlements, total (736)   (736)  
Total realized and unrealized gains and (losses):        
Change in fair value 1,104   1,104  
Calls and other 0      
Total realized and unrealized gains (losses) included in earnings 1,104   1,104  
Transfers in and / or out of Level 3 0   25,582  
Ending balance 25,950   25,950  
Level 3 | Mortgage-Backed Securities        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,670 1,786 2,075 1,502
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 loans held for sale, at fair value 0 0    
Transfers to other assets 0 0   0
Transfers to receivables, net 0 0    
Purchases, issuances, sales and settlements, total 0 0 0 0
Total realized and unrealized gains and (losses):        
Change in fair value 56 228 (349) 512
Calls and other 0 0   0
Total realized and unrealized gains (losses) included in earnings 56 228 (349) 512
Transfers in and / or out of Level 3 0 0 0 0
Ending balance 1,726 2,014 1,726 2,014
Level 3 | IRLCs        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 10,478 276 0 678
Purchases, issuances, sales and settlements        
Purchases 0 0 0 0
Issuances 69,504 0 69,504 0
Sales 0 0 0 0
Settlements (62,323) 0 (62,323) 0
Transfers to loans held for sale, at fair value 0 0    
Transfers to other assets 0 0   0
Transfers to receivables, net 0 0    
Purchases, issuances, sales and settlements, total 7,181 0 7,181 0
Total realized and unrealized gains and (losses):        
Change in fair value 159 (229) 159 (631)
Calls and other 0 0   0
Total realized and unrealized gains (losses) included in earnings 159 (229) 159 (631)
Transfers in and / or out of Level 3 0 0 10,478 0
Ending balance $ 17,818 $ 47 17,818 47
Cumulative Effect, Period of Adoption, Adjustment        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Cumulative effect of fair value election     47,038 $ 16
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2019-04 | Level 3 | Loans Held for Investment - Reverse Mortgages        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Cumulative effect of fair value election     $ 47,038