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v3.20.2

Borrowings - Schedule of Financing Liabilities (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Sep. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018
Debt Instrument [Line Items] |  |  |  |  |  |
HMBS-related borrowings | $ 6,606,543 | $ 6,063,435 | $ 6,477,616 | $ 5,903,965 | $ 5,745,383 | $ 5,380,448
Other financing liabilities, at fair value | 588,321 | 972,595 |  |  |  |
Total Financing liabilities | 7,194,864 | 7,036,030 |  |  |  |
Financing liability – MSRs pledged |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 577,309 | 950,593 |  |  |  |
Financing liability – MSRs pledged | Original Rights to MSRs Agreements |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 577,309 | 603,046 |  |  |  |
Financing liability – MSRs pledged | 2017 Agreements and New RMSR Agreements |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 0 | 35,445 |  |  |  |
Financing liability – MSRs pledged | PMC MSR Agreements |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 0 | 312,102 |  |  |  |
IndyMac Mortgage Loan Trust |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 0 | 9,794 |  |  |  |
Residential Asset Securitization Trust |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 11,012 | 12,208 |  |  |  |
Financing Liability Owed to Securitization Investors |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing liabilities, at fair value | 11,012 | 22,002 |  |  |  |
Secured Debt |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Total Financing liabilities | 290,671 | 372,015 |  |  |  |
Secured Debt | Master Repurchase Agreement |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Total Financing liabilities | $ 0 | $ 0 |  |  |  |
London Interbank Offered Rate (LIBOR) |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 0.15% | 1.76% |  |  |  |
London Interbank Offered Rate (LIBOR) | Financing Liabilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.60% |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Secured Debt | Master Repurchase Agreement |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 1.80% |  |  |  |  |

X
- Definition This represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing. + References No definition available. + Details
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