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v3.22.2.2

MSR Transfers Not Qualifying for Sale Accounting - Schedule of Activity Related to Financing Liability - MSRs Pledged (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
ESS Financing Liability |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Beginning Balance | $ 906,338 | $ 797,085 | $ 535,571 | $ 797,085 | $ 566,952
MSR transfers | 13,420 |  | 132,003 | 84,921 | 132,003
Changes in fair value | 89,605 |  | 61,329 | 184,935 | 71,273
Runoff and settlement | (26,735) |  | (21,783) | (83,753) | (60,309)
Derecognition of financing liability | (35,925) |  |  | (35,925) |
Calls | (84) |  | (4,213) | (643) | (7,012)
Ending Balance | 946,619 |  | 702,907 | 946,619 | 702,907
Changes in fair value due to valuation inputs or assumptions |  | 14,100 |  |  |
Rithm | Original Rights to Mortgage Servicing Rights Agreements |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Ending Balance | 604,654 |  |  | 604,654 |
Changes in fair value due to valuation inputs or assumptions | (71,072) |  | (63,762) | (102,606) | (73,706)
Rithm | ESS Financing Liability | Original Rights to Mortgage Servicing Rights Agreements |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Beginning Balance | 550,808 | 558,940 | 535,571 | 558,940 | 566,952
MSR transfers | 0 |  | 0 | 0 | 0
Changes in fair value | 71,072 |  | 63,762 | 102,606 | 73,706
Runoff and settlement | (17,142) |  | (21,100) | (56,249) | (59,626)
Calls | (84) |  | (4,213) | (643) | (7,012)
Ending Balance | 604,654 |  | 574,020 | 604,654 | 574,020
MSR Asset Vehicle LLC |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
UPB of rights to MSRs sold | 2,900,000 |  |  | 2,900,000 |
Changes in fair value due to valuation inputs or assumptions | (19,770) |  | 2,433 | (83,566) | 2,433
MSR Asset Vehicle LLC | ESS Financing Liability |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Beginning Balance | 355,530 | $ 238,144 | 0 | 238,144 | 0
MSR transfers | 13,420 |  | 132,003 | 84,921 | 132,003
Changes in fair value | 18,533 |  | (2,433) | 82,329 | (2,433)
Runoff and settlement | (9,592) |  | (683) | (27,504) | (683)
Derecognition of financing liability | (35,925) |  |  | (35,925) |
Calls | 0 |  | 0 | 0 | 0
Ending Balance | $ 341,965 |  | $ 128,887 | $ 341,965 | $ 128,887

X
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- Definition This represents the amount of liability arose in connection with sales proceeds received in 2012 and 2013 as part of the Rights to MSRs transactions with NRZ/HLSS and has no contractual maturity or repayment schedule. The balance of the liability is adjusted each reporting period to its fair value based on the present value of the estimated future cash flows underlying the related MSRs. + References No definition available. + Details
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- Definition Represents the amount of decrease in liability balance in connection with clean-up call rights exercised by NRZ. + References No definition available. + Details
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- Definition This represents the increase (decrease) in the valuation which is realized on a transfer, accounted for as financing, of a portion of servicing assets and reflects the amount of sales proceeds in excess of the sum of the carrying amounts of transferred financial assets. + References No definition available. + Details
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- Definition Amount of contractual principal due at origination of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph Column F -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column F)) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
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- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746 + Details
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