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v3.23.3

MSR Transfers Not Qualifying for Sale Accounting - Schedule of Activity Related to Financing Liability - MSRs Pledged (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Jun. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
UPB of MSRs sold |  |  |  | $ 40.7 | $ 11,100.0
Fair Value Agency Mortgage Servicing Rights |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
UPB of MSRs sold |  | $ 2,300.0 | $ 2,900.0 |  |
ESS Financing Liability |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Beginning Balance | $ 1,009.5 |  | 906.3 | 931.7 | 797.1
MSR transfers | 81.7 |  | 11.9 | 179.5 | 81.6
Changes in fair value due to inputs and assumptions | 45.5 |  | 91.1 | 88.2 | 188.3
Realization of expected cash flows | (17.6) |  | (23.6) | (47.8) | (80.6)
Derecognition of financing liability | 0.0 |  | 39.0 | 32.5 | 39.0
Calls | 0.0 |  | (0.1) | 0.0 | (0.6)
Total fair value (gain) loss | 27.9 |  | 67.5 | 40.5 | 107.7
Ending Balance | 1,119.1 | 1,009.5 | 946.6 | 1,119.1 | 946.6
Changes in fair value due to valuation inputs or assumptions |  |  |  |  | 14.1
Rithm | Original Rights to Mortgage Servicing Rights Agreements |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Ending Balance | 698.6 |  |  | 698.6 |
Rithm | ESS Financing Liability | Original Rights to Mortgage Servicing Rights Agreements |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Beginning Balance | 689.9 |  | 550.8 | 601.9 | 558.9
MSR transfers | 0.9 |  | 0.0 | 98.5 | 0.0
Changes in fair value due to inputs and assumptions | 16.3 |  | 71.1 | 19.8 | 102.6
Realization of expected cash flows | (8.4) |  | (17.1) | (21.6) | (56.2)
Calls | 0.0 |  | (0.1) | 0.0 | (0.6)
Ending Balance | 698.6 | 689.9 | 604.7 | 698.6 | 604.7
MSR Asset Vehicle LLC | ESS Financing Liability |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Beginning Balance | 319.7 |  | 355.5 | 329.8 | 238.1
MSR transfers | 80.8 |  | 11.9 | 81.0 | 81.6
Changes in fair value due to inputs and assumptions | 29.2 |  | 20.0 | 68.4 | 85.7
Realization of expected cash flows | (9.2) |  | (6.5) | (26.2) | (24.4)
Derecognition of financing liability | 0.0 |  | 39.0 | 32.5 | 39.0
Calls | 0.0 |  | 0.0 | 0.0 | 0.0
Total fair value (gain) loss | 20.0 |  | 13.6 | 42.2 | 61.3
Ending Balance | 420.4 | $ 319.7 | 342.0 | 420.4 | 342.0
Rithm Capital Corp . and others | ESS Financing Liability |  |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |  |
Total fair value (gain) loss | $ 7.9 |  | $ 53.9 | $ (1.7) | $ 46.4

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- Definition This represents the amount of liability arose in connection with sales proceeds received in 2012 and 2013 as part of the Rights to MSRs transactions with NRZ/HLSS and has no contractual maturity or repayment schedule. The balance of the liability is adjusted each reporting period to its fair value based on the present value of the estimated future cash flows underlying the related MSRs. + References No definition available. + Details
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- Definition This represents the increase (decrease) in the valuation which is realized on a transfer, accounted for as financing, of a portion of servicing assets and reflects the amount of sales proceeds in excess of the sum of the carrying amounts of transferred financial assets. + References No definition available. + Details
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- Definition Amount of decrease in investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, from sale. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Footnote 6)) -URI https://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
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