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Investment in Equity Method Investee and Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Investment in equity method investee

We account for our 15% investment in MAV Canopy under the equity method. Our investment activity may be summarized as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Beginning balance			$	38,821					$	11,878					$	23,297					$	—
Capital contributions			17,250						6,984						33,750						18,512
Capital distributions			(15,531)						—						(32,442)						—
Earnings distributions			(5,175)						—						(5,175)						—
Earnings of equity method investee (1)			3,346						932						19,281						1,282
Ending balance			$	38,711					$	19,794					$	38,711					$	19,794

(1)     Note that MAV Canopy accounts for its MSR portfolio under the fair value option.

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- References

No definition available.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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