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Securitizations and Variable Interests Entities (Tables)
 12 Months Ended
Dec. 31, 2022
Transfers and Servicing [Abstract]  
Summary of Cash Flows Received from and Paid to Securitization Trusts Related to Transfers Accounted for as Sales Outstanding
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:
Years Ended December 31,
202220212020
Proceeds received from securitizations$17,027.0 $19,293.2 $7,533.3 
Servicing fees collected (1)91.8 63.7 47.2 
Purchases of previously transferred assets, net of claims reimbursed(11.4)(17.4)(6.9)
$17,107.4 $19,339.5 $7,573.6 
(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 consolidated statements of operations.
Schedule of Carrying Amounts of Assets that Relate to Continuing Involvement with Transferred Forward Loans
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:
December 31,
20222021
Carrying value of assets
MSRs, at fair value$524.3 $360.8 
Advances75.9 151.2 
UPB of loans transferred (1)37,571.1 31,864.8 
Maximum exposure to loss (2)$38,171.2 $32,376.8 
(1)Includes $6.8 billion and $5.6 billion of loans delivered to Ginnie Mae as of December 31, 2022 and 2021, respectively, and includes loan modifications repurchased and delivered through the Ginnie Mae Early Buyout Program (EBO).
(2)The maximum exposure to loss does not take into consideration any recourse available to us, including from the underlying collateral or from correspondent sellers. Also, refer to the Loan Put-Back and Related Contingencies section of Note 25 — Contingencies.
Schedule of Carrying Value and Classification of Assets and Liabilities of Loans Held for Sale Financing Facility
The table below presents the carrying value and classification of the assets and liabilities of the loans held for sale financing facility:
December 31,
20222021
Mortgage loans (Loans held for sale, at fair value)$— $462.1 
Outstanding borrowings (Mortgage loan warehouse facilities)— 459.3 
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:
December 31,
20222021
Match funded advances (Advances, net)$608.4 $587.1 
Debt service accounts (Restricted cash)15.8 7.7 
Unamortized deferred lender fees (Other assets)2.3 1.3 
Prepaid interest (Other assets)0.9 0.2 
Advance match funded liabilities512.5 512.3 
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 Agency MSR financing facility and the PLS Notes facility:
December 31,
20222021
MSRs pledged (MSRs, at fair value)$696.9 $730.4 
Debt service account (Restricted cash)1.8 2.1 
Unamortized deferred lender fees (Other assets)1.1 1.5 
Outstanding borrowings (MSR financing facilities, net) 366.5 359.2 
Unamortized debt issuance costs (MSR financing facilities, net) 0.8 0.4