XML 91 R70.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments and Nonfinancial Assets Measured at Fair Value on a Recurring or Non-recurring basis or Disclosed, but not Carried, at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Financial assets:        
Loans held for sale, at fair value $ 917,534 $ 366,364 $ 208,752 $ 176,525
Investment in equity method investee 23,297 0    
Financial liabilities:        
Advance match funded liabilities (related to VIEs) 512,297 581,288    
Financing liabilities:        
HMBS-related borrowings 6,885,022 6,772,711 6,063,435 5,380,448
Other financing liabilities 804,963 576,722    
Secured Debt [Abstract]        
Long-term Line of Credit 900,760 437,672    
Senior secured term loan, net 0 179,776    
Senior notes:        
Senior Notes 614,797 311,898    
Mortgage Service Rights        
MSRs 2,250,147 1,294,817 $ 1,486,395 $ 1,457,149
Carrying Value        
Financial assets:        
Total Loans held for sale 928,527 387,836    
Loans held for investment 7,207,641 7,006,897    
Financing liabilities:        
Total Other financing liabilities 804,963 576,722    
Senior notes:        
Senior Notes 614,797 311,898    
Fair Value        
Financial assets:        
Total Loans held for sale 928,527 387,836    
Loans held for investment 7,207,641 7,006,897    
Financing liabilities:        
Total Other financing liabilities 804,963 576,722    
Senior notes:        
Senior Notes 674,927 320,879    
Level 2 | Carrying Value        
Financial assets:        
Loans held for sale, at fair value 917,534 366,364    
Corporate bonds 211 211    
Secured Debt [Abstract]        
Senior secured term loan 0 179,776    
Senior notes:        
Senior unsecured notes 392,555 311,898    
Level 2 | Carrying Value | Option Contracts        
Derivative financial instrument assets (liabilities), at fair value        
Derivative liabilities (277) 0    
Level 2 | Fair Value        
Financial assets:        
Loans held for sale, at fair value 917,534 366,364    
Corporate bonds 211 211    
Secured Debt [Abstract]        
Senior secured term loan 0 184,639    
Senior notes:        
Senior unsecured notes 413,472 320,879    
Level 2 | Fair Value | Option Contracts        
Derivative financial instrument assets (liabilities), at fair value        
Derivative liabilities (277) 0    
Level 3        
Financial assets:        
Investment in equity method investee 23,297      
Level 3 | Carrying Value        
Financial assets:        
Loans held for sale, at lower of cost or fair value 10,993 21,472    
Loans held for investment 7,199,762 6,997,127    
Advances (including match funded) 772,433 828,239    
Receivables, net 180,707 187,665    
Mortgage-backed securities, at fair value 1 2,019    
Investment in equity method investee 23,297 0    
Financial liabilities:        
Advance match funded liabilities (related to VIEs) 512,297 581,288    
Financing liabilities:        
HMBS-related borrowings 6,885,022 6,772,711    
Secured Debt [Abstract]        
Long-term Line of Credit 900,760 437,672    
Other 1,085,076 451,713    
Senior notes:        
Senior secured notes 222,242 0    
Derivative financial instrument assets (liabilities), at fair value        
Interest rate lock commitments 18,084 22,706    
Mortgage Service Rights        
MSRs 2,250,147 1,294,817    
Level 3 | Carrying Value | Derivative [Member]        
Derivative financial instrument assets (liabilities), at fair value        
Derivative liabilities (1,070) 0    
Level 3 | Carrying Value | Loans Held for Investments - Restricted for Securitization Investors        
Financial assets:        
Loans held for investment 7,879 9,770    
Level 3 | Carrying Value | Financing Liability - MSRs Pledged        
Financing liabilities:        
Other financing liabilities 797,084 566,952    
Level 3 | Carrying Value | Financing Liability Owed to Securitization Investors        
Financing liabilities:        
Other financing liabilities 7,879 9,770    
Level 3 | Fair Value        
Financial assets:        
Loans held for sale, at lower of cost or fair value 10,993 21,472    
Loans held for investment 7,199,762 6,997,127    
Advances (including match funded) 772,433 828,239    
Receivables, net 180,707 187,665    
Mortgage-backed securities, at fair value 1 2,019    
Investment in equity method investee 23,297 0    
Financial liabilities:        
Advance match funded liabilities (related to VIEs) 511,994 581,997    
Financing liabilities:        
HMBS-related borrowings 6,885,022 6,772,711    
Secured Debt [Abstract]        
Long-term Line of Credit 873,820 406,860    
Other 1,085,076 451,713    
Senior notes:        
Senior secured notes 261,455 0    
Derivative financial instrument assets (liabilities), at fair value        
Interest rate lock commitments 18,084 22,706    
Mortgage Service Rights        
MSRs 2,250,147 1,294,817    
Level 3 | Fair Value | Derivative [Member]        
Derivative financial instrument assets (liabilities), at fair value        
Derivative liabilities (1,070) 0    
Level 3 | Fair Value | Loans Held for Investments - Restricted for Securitization Investors        
Financial assets:        
Loans held for investment 7,879 9,770    
Level 3 | Fair Value | Financing Liability - MSRs Pledged        
Financing liabilities:        
Other financing liabilities 797,084 566,952    
Level 3 | Fair Value | Financing Liability Owed to Securitization Investors        
Financing liabilities:        
Other financing liabilities 7,879 9,770    
Level 1 | Carrying Value | Forward LHFS Trades        
Derivative financial instrument assets (liabilities), at fair value        
Derivative Asset 364      
Derivative liabilities   (50)    
Level 1 | Carrying Value | TBA forward MBS trades        
Derivative financial instrument assets (liabilities), at fair value        
Derivative liabilities (287) (4,554)    
Level 1 | Carrying Value | Interest Rate Swap        
Derivative financial instrument assets (liabilities), at fair value        
Derivative Asset 1,734 504    
Level 1 | Carrying Value | TBA Forward Pipelines Trades        
Derivative financial instrument assets (liabilities), at fair value        
Derivative Asset 48 0    
Level 1 | Fair Value | Forward LHFS Trades        
Derivative financial instrument assets (liabilities), at fair value        
Derivative Asset 364      
Derivative liabilities   (50)    
Level 1 | Fair Value | TBA forward MBS trades        
Derivative financial instrument assets (liabilities), at fair value        
Derivative liabilities (287) (4,554)    
Level 1 | Fair Value | Interest Rate Swap        
Derivative financial instrument assets (liabilities), at fair value        
Derivative Asset 1,734 504    
Level 1 | Fair Value | TBA Forward Pipelines Trades        
Derivative financial instrument assets (liabilities), at fair value        
Derivative Asset $ 48 $ 0