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v3.22.2.2

Borrowings - Schedule of Assets Held as Collateral Related to Secured Borrowings (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Mar. 04, 2021
--- | --- | --- | --- | ---
Debt Instrument [Line Items] |  |  |  |
Cash | $ 226,570 | $ 192,792 |  |
Restricted cash | 45,269 | 70,654 |  |
Loans held for sale | 729,638 | 928,527 |  |
Loans held for investment, at fair value | 7,402,285 | 7,207,641 |  |
Loans held for investment - unsecuritized | 127,501 |  | $ 226,701 |
MSRs pledged (MSRs, at fair value) | 2,714,225 | 2,250,147 |  |
Advances, net | 642,461 | 772,433 |  |
Receivables, net | 170,838 | 180,707 |  |
REO | 9,968 | 10,075 |  |
Total Assets | 12,360,069 | 12,147,123 | $ 12,040,238 |
Total Senior notes | 597,129 | $ 614,797 |  |
7.875% Senior Notes, Due 2026 | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Senior notes | 375,000 |  |  | $ 400,000
12% Paid in Cash or 13.25% Paid in Kind Senior Notes, Due 2027 | Secured Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Senior notes | 285,000 |  |  | $ 199,500
Assets |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Cash | 226,570 |  |  |
Restricted cash | 45,269 |  |  |
Loans held for sale | 729,638 |  |  |
Loans held for investment, at fair value | 7,267,982 |  |  |
Loans held for investment - unsecuritized | 127,501 |  |  |
MSRs pledged (MSRs, at fair value) | 1,742,978 |  |  |
Advances, net | 642,461 |  |  |
Receivables, net | 170,838 |  |  |
REO | 9,968 |  |  |
Total Assets | 10,963,206 |  |  |
Pledged Assets |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Cash | 0 |  |  |
Restricted cash | 45,269 |  |  |
Loans held for sale | 685,428 |  |  |
Loans held for investment, at fair value | 7,267,982 |  |  |
Loans held for investment - unsecuritized | 94,884 |  |  |
MSRs pledged (MSRs, at fair value) | 1,750,870 |  |  |
Advances, net | 545,520 |  |  |
Receivables, net | 40,580 |  |  |
REO | 4,539 |  |  |
Total Assets | 10,435,071 |  |  |
Collateralized Borrowings |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Cash | 0 |  |  |
Restricted cash | 0 |  |  |
Loans held for sale | 683,430 |  |  |
Loans held for investment, at fair value | 7,208,385 |  |  |
Loans held for investment - unsecuritized | 88,021 |  |  |
MSRs pledged (MSRs, at fair value) | 1,028,262 |  |  |
Advances, net | 487,186 |  |  |
Receivables, net | 44,211 |  |  |
REO | 3,895 |  |  |
Total Assets | 9,543,390 |  |  |
Unencumbered Assets |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Cash | 226,570 |  |  |
Restricted cash | 0 |  |  |
Loans held for sale | 44,210 |  |  |
Loans held for investment, at fair value | 0 |  |  |
Loans held for investment - unsecuritized | 32,617 |  |  |
MSRs pledged (MSRs, at fair value) | 4,578 |  |  |
Advances, net | 96,941 |  |  |
Receivables, net | 130,259 |  |  |
REO | 5,429 |  |  |
Total Assets | $ 540,605 |  |  |

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- Definition Carrying amount as of the balance sheet date of non-interest-bearing advances made on loans serviced for others. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors. + References No definition available. + Details
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