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v3.21.1

Borrowings - Schedule of Financing Liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019
Debt Instrument [Line Items] |  |  |  |
HMBS-related borrowings | $ 6,778,195 | $ 6,772,711 | $ 6,323,091 | $ 6,063,434
Other financing liabilities, at fair value | 559,184 | 576,722 |  |
Total Financing liabilities | 7,337,379 | 7,349,433 |  |
Residential Asset Securitization Trust |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Other financing liabilities, at fair value | 8,820 | 9,770 |  |
Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Financing liabilities | 457,354 | 438,566 |  |
Secured Debt | Mortgage Loan Warehouse Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Financing liabilities | 609,432 | 451,713 |  |
Master Repurchase Agreement | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Financing liabilities | 0 | 0 |  |
Mortgage Warehouse Agreement | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Financing liabilities | 14,958 | 11,715 |  |
Mortgage Warehouse Agreement | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Financing liabilities | $ 99,481 | 73,134 |  |
Total Servicing Lines of Credit | Mortgage Loan Warehouse Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate (as a percent) | 4.77% |  |  |
Original Rights to MSRs Agreements | Financing Liability - MSRs Pledged |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Other financing liabilities, at fair value | $ 550,364 | $ 566,952 |  |
London Interbank Offered Rate (LIBOR) |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 0.11% | 0.14% |  |
London Interbank Offered Rate (LIBOR) | HMBS-Related Borrowings |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 2.45% |  |  |
London Interbank Offered Rate (LIBOR) | Residential Asset Securitization Trust |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 0.45% |  |  |
London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 1.90% |  |  |
Interest rate at index floor rate | 0.25% |  |  |
London Interbank Offered Rate (LIBOR) | Mortgage Warehouse Agreement | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 3.50% |  |  |
Interest rate at index floor rate | 5.25% |  |  |
London Interbank Offered Rate (LIBOR) | Mortgage Warehouse Agreement | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 2.50% |  |  |
Interest rate at index floor rate | 3.25% |  |  |
London Interbank Offered Rate (LIBOR) | Ginnie Mae Mortgage Servicing Rights Financing Facility | Secured Debt | Mortgage Loan Warehouse Facilities |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 4.50% |  |  |
Interest rate at index floor rate | 0.50% |  |  |
London Interbank Offered Rate (LIBOR) | Minimum | Residential Asset Securitization Trust |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument, interest rate | 4.25% |  |  |
London Interbank Offered Rate (LIBOR) | Maximum | Residential Asset Securitization Trust |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt instrument, interest rate | 5.75% |  |  |

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- 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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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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