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v3.22.2.2

Securitizations and Variable Interest Entities (Tables) | 9 Months Ended
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Sep. 30, 2022
Transfers and Servicing [Abstract] |
Schedule of Cash Flows Related to Transfers Accounted for as Sales | The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers of loans accounted for as sales that were outstanding:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2022 |  | 2021 |  | 2022 |  | 2021
Proceeds received from securitizations | $ | 5,227,470 |  |  | $ | 5,823,765 |  |  | $ | 12,925,295 |  |  | $ | 12,220,596 |
Servicing fees collected (1) | 21,577 |  |  | 16,440 |  |  | 67,154 |  |  | 43,968 |
Purchases of previously transferred assets, net of claims reimbursed | (3,500) |  |  | (6,065) |  |  | (10,324) |  |  | (16,085) |
| $ | 5,245,547 |  |  | $ | 5,834,140 |  |  | $ | 12,982,125 |  |  | $ | 12,248,479 |
(1)We receive servicing fees based upon the securitized loan balances and certain ancillary fees, all of which are reported in Servicing and subservicing fees in the unaudited consolidated statements of operations.
Schedule of Assets That Relate to Continuing Involvement with Transferred Financial Assets with Servicing Rights and Maximum Exposure to Loss Including the Unpaid Principal Balance | The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as an estimate of our maximum exposure to loss including the UPB of the transferred loans:
| September 30, 2022 |  | December 31, 2021
Carrying value of assets |  |  |
MSRs, at fair value | $ | 510,427 |  |  | $ | 360,830 |
Advances | 63,396 |  |  | 151,166 |
UPB of loans transferred (1) | 34,060,639 |  |  | 31,864,769 |
Maximum exposure to loss (2) | $ | 34,634,462 |  |  | $ | 32,376,765 |
(1)Includes $6.3 billion and $5.6 billion of loans delivered to Ginnie Mae as of September 30, 2022 and December 31, 2021, respectively, and includes loan modifications repurchased and delivered through the Ginnie Mae Early Buyout Program (EBO). (2)The maximum exposure to loss does not take into consideration any recourse available to us, including from the underlying collateral or from correspondent sellers. Also, refer to Loan Put-Back and Related Contingencies in Note 22 – Contingencies.
Carrying Value and Classification of Assets and Liabilities of Loans Held for Sale Financing Facility | The table below presents the carrying value and classification of the assets and liabilities of the loans held for sale financing facility:
| September 30, 2022 |  | December 31, 2021 |  |
Mortgage loans (Loans held for sale, at fair value) | $ | — |  |  | $ | 462,144 |  |  |
Outstanding borrowings (Mortgage loan warehouse facilities) | — |  |  | 459,344 |  |  |
Carrying Value And Classification Of Assets And Liabilities Of Advance Financing Facilities | The table below presents the carrying value and classification of the assets and liabilities of the advance financing facilities:
| September 30, 2022 |  | December 31, 2021
Match funded advances (Advances, net) | $ | 540,142 |  |  | $ | 587,059 |
Debt service accounts (Restricted cash) | 10,064 |  |  | 7,687 |
Unamortized deferred lender fees (Other assets) | 2,379 |  |  | 1,305 |
Prepaid interest (Other assets) | 477 |  |  | 225 |
Advance match funded liabilities | 456,233 |  |  | 512,297 |
Carrying Value And Classification Of Assets And Liabilities Of Agency MSR Financing Facility | The table below presents the carrying value and classification of the assets and liabilities of the Agency MSR financing facility:
| September 30, 2022 |  | December 31, 2021
MSRs pledged (MSRs, at fair value) | $ | 820,382 |  |  | $ | 630,605 |
Unamortized deferred lender fees (Other assets) | 1,716 |  |  | 1,495 |
Debt service account (Restricted cash) | 103 |  |  | 104 |
Outstanding borrowings (MSR financing facilities, net) | 412,287 |  |  | 317,523 |
Carrying Value And Classification Of Assets And Liabilities Of PLS Notes Facility | The table below presents the carrying value and classification of the assets and liabilities of the PLS Notes facility:
| September 30, 2022 |  | December 31, 2021
MSRs pledged (MSRs, at fair value) | $ | 129,586 |  |  | $ | 99,833 |
Debt service account (Restricted cash) | 1,692 |  |  | 1,968 |
Outstanding borrowings (MSR financing facilities, net) | 61,752 |  |  | 41,663 |
Unamortized debt issuance costs (MSR financing facilities, net) | 884 |  |  | 413 |

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