XML 68 R58.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Purchases, issuances, sales and settlements        
Capitalization of advances on Ginnie Mae modifications $ 1.3 $ 2.6 $ 5.0 $ 15.7
Total realized and unrealized gains and (losses):        
Gains (losses) on derivatives (37.3) 6.0 (81.3) (12.7)
Forward loans IRLCs        
Total realized and unrealized gains and (losses):        
Gains (losses) on derivatives (2.6) (17.9) (0.4) (30.3)
Level 3 | ESS Financing Liability        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (258.5) 0.0 (199.0) 0.0
Purchases, issuances, sales and settlements        
Purchases and other 0.0 0.0    
Sales 0.0 0.0    
Total realized and unrealized gains and (losses):        
Fair Value Measurement With Unobservable Inputs Reconciliation Asset Transfers Out of Level3 To Receivables 0.0 0.0    
Fair Value Measurement With Unobservable Inputs Reconciliation Asset Transfers Out of Level3 To Loans Held For Sale At Fair Value 0.0 0.0    
Level 3 | Loans Held for Investment - Restricted for Securitization Investors        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 6.0 7.3 6.7 7.9
Purchases, issuances, sales and settlements        
Settlements (2) (0.1) (0.5) (0.8) (1.1)
Purchases, issuances, sales and settlements, total (0.1) (0.5) (0.8) (1.1)
Total realized and unrealized gains and (losses):        
Ending balance 5.9 6.8 5.9 6.8
Calls and other 0.0      
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) 0.0   0.0  
Level 3 | Financing Liability - Owed to Securitization Investors        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (6.0) (7.3) (6.7) (7.9)
Purchases, issuances, sales and settlements        
Settlements (2) 0.1 0.5 0.8 1.1
Purchases, issuances, sales and settlements, total 0.1 0.5 0.8 1.1
Total realized and unrealized gains and (losses):        
Ending balance (5.9) (6.8) (5.9) (6.8)
Calls and other 0.0      
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) 0.0   0.0  
Level 3 | Loans Held for Sale - Fair Value        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 197.4 41.4 32.1 220.9
Purchases, issuances, sales and settlements        
Purchases and other 50.5 9.5 303.3 127.7
Sales (17.9) (16.6) (76.6) (308.2)
Settlements (2) (14.8)   (40.6)  
Loans held for investment, at fair value 1.5   3.0  
Receivables, net (11.5) (1.6) (27.5) (3.4)
Capitalization of advances on Ginnie Mae modifications (1.3)   (3.0)  
Other 1.3   4.1  
Purchases, issuances, sales and settlements, total 6.8 (8.7) 158.1 (183.8)
Total realized and unrealized gains and (losses):        
Change in fair value included in earnings (4.1) (2.2) 7.0 (6.6)
Ending balance 199.8 30.5 199.8 30.5
REO (Other assets) (3.6)   (10.6)  
Calls and other (0.2)   2.6  
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) (4.4)   9.7  
Level 3 | ESS Financing Liability        
Purchases, issuances, sales and settlements        
Issuances 0.0 36.2 (68.7) (36.2)
Settlements (2) 7.6 0.6 22.5 0.6
Purchases, issuances, sales and settlements, total 7.6 (35.6) (46.2) (35.6)
Total realized and unrealized gains and (losses):        
Change in fair value included in earnings (4.6) (0.7) (10.2) (0.7)
Ending balance (255.4) (36.3) (255.4) (36.3)
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) (4.6)   (10.2)  
Level 3 | IRLCs        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1.4 5.7 (0.7) 18.1
Purchases, issuances, sales and settlements        
Issuances 19.6 50.9 39.4 212.8
Loans held for sale, at fair value (2.8) 17.6 (16.3) (36.2)
Purchases, issuances, sales and settlements, total 16.8 68.6 23.0 176.5
Total realized and unrealized gains and (losses):        
Change in fair value included in earnings (19.4) (86.5) (23.5) (206.8)
Ending balance (1.1) $ (12.2) (1.1) $ (12.2)
REO (Other assets) 0.0      
Calls and other 0.0      
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) $ (19.4)   $ (23.5)