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v3.22.4

Fair Value - Summary of Reconciliation of the Changes in Fair Value of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Total realized and unrealized gains and (losses): |  |  |
Gain (loss) on derivatives, net | $ (23.5) | $ (13.3) | $ 35.3
FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfIncomeExtensibleListNotDisclosedFlag | Change in fair value included in earnings (1) |  |
Interest Rate Lock Commitments [Member] |  |  |
Total realized and unrealized gains and (losses): |  |  |
Gain (loss) on derivatives, net | $ (18.8) | (4.6) | 17.8
Loans Held for Investments - Restricted for Securitization Investors | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance | 7.9 | 9.8 | 23.3
Purchases, issuances, sales and settlements |  |  |
Deconsolidation of mortgage-backed securitization trusts |  |  | (10.7)
Settlements | (1.2) | (1.9) | (2.9)
Purchases, issuances, sales and settlements, total | (1.2) | (1.9) | (13.6)
Total realized and unrealized gains and (losses): |  |  |
Ending balance | 6.7 | 7.9 | 9.8
Financing Liability Owed to Securitization Investors | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance | (7.9) | (9.8) | (22.0)
Purchases, issuances, sales and settlements |  |  |
Deconsolidation of mortgage-backed securitization trusts |  |  | 9.5
Settlements | 1.2 | 1.9 | 2.9
Purchases, issuances, sales and settlements, total | 1.2 | 1.9 | 12.4
Total realized and unrealized gains and (losses): |  |  |
Included in earnings |  | 0.0 |
Ending balance | (6.7) | (7.9) | (9.8)
Loans Held-For-Sale, Fair Value | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance | 220.9 | 51.1 | 0.0
Purchases, issuances, sales and settlements |  |  |
Purchases | 140.4 | 436.2 | 162.6
Sales | (318.0) | (260.0) | (137.8)
Receivables, net | (4.2) | (1.6) | (1.0)
Other assets | (0.3) | (0.4) |
Purchases, issuances, sales and settlements, total | (182.1) | 174.1 | 23.8
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | (6.8) | 4.3 | (1.7)
Transfers in and / or out of Level 3 |  |  | 25.6
Ending balance | 32.1 | 220.9 | 51.1
ESS Financing Liability | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance | 0.0 |  |
Purchases, issuances, sales and settlements |  |  |
Purchases | 0.0 |  |
Issuances | (200.9) |  |
Sales | 0.0 |  |
Settlements | 6.6 |  |
Loans held for sale, at fair value (1) | 0.0 |  |
Receivables, net | 0.0 |  |
Purchases, issuances, sales and settlements, total | (200.4) |  |
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | (1.4) |  |
Ending balance | (199.0) | 0.0 |
Other assets and liabilities | (6.1) |  |
Mortgage Backed Securities | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance | 0.0 | 2.0 | 2.1
Purchases, issuances, sales and settlements |  |  |
Sales |  | (1.6) |
Loans held for sale, at fair value (1) |  |  | 0.0
Purchases, issuances, sales and settlements, total |  | (1.6) | 0.0
Total realized and unrealized gains and (losses): |  |  |
Included in earnings |  | (0.4) | 0.1
Ending balance |  | 0.0 | 2.0
Other assets and liabilities |  | 0.0 |
IRLCs | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance | 18.1 |  |
Purchases, issuances, sales and settlements |  |  |
Issuances | 168.0 | 627.7 | 287.0
Loans held for sale, at fair value (1) | (141.5) | (591.7) | (285.2)
Purchases, issuances, sales and settlements, total | 26.5 | 36.0 |
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | (45.3) |  |
Ending balance | $ (0.7) | 18.1 |
Other assets and liabilities |  | 0.0 |
Interest Rate Caps | Level 3 |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | 22.7 | 0.0
Purchases, issuances, sales and settlements |  |  |
Purchases, issuances, sales and settlements, total |  |  | 1.8
Total realized and unrealized gains and (losses): |  |  |
Included in earnings |  | $ (40.6) | (10.4)
Transfers in and / or out of Level 3 |  |  | 10.5
Ending balance |  |  | $ 22.7

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