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Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Purchases, issuances, sales and settlements |  |
Advances (capitalization upon Ginnie Mae modifications) | $ 2.1 | $ 2.0
Total realized and unrealized gains and (losses): |  |
Gains (losses) on derivatives | (49.3) | 3.5
Forward loans IRLCs |  |
Total realized and unrealized gains and (losses): |  |
Gains (losses) on derivatives | (0.6) | 5.6
Level 3 | Loans Held for Sale - Fair Value |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance | 203.1 | 32.1
Purchases, issuances, sales and settlements |  |
Purchases and other | 145.1 | 12.4
Sales | (38.0) | (20.2)
Settlements (2) | (22.1) |
Loans held for investment, at fair value | 1.0 |
Receivables, net | (10.6) | (0.4)
Advances (capitalization upon Ginnie Mae modifications) | (2.1) |
Purchases, issuances, sales and settlements, total | 74.5 | (8.2)
Total realized and unrealized gains and (losses): |  |
Change in fair value included in earnings | 6.4 | (0.5)
Ending balance | 284.0 | 23.3
REO (Other assets) | (3.0) |
Level 3 | ESS Financing Liability |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance | (248.9) | (199.0)
Purchases, issuances, sales and settlements |  |
Issuances |  | 68.7
Settlements (2) | 7.4 | 6.8
Purchases, issuances, sales and settlements, total | 7.4 | (62.0)
Total realized and unrealized gains and (losses): |  |
Change in fair value included in earnings | (11.9) | (2.1)
Ending balance | (253.4) | (263.1)
Level 3 | IRLCs |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning balance | 5.6 | (0.7)
Purchases, issuances, sales and settlements |  |
Issuances | 17.2 | 5.8
Loans held for sale, at fair value | (5.8) | (20.4)
Purchases, issuances, sales and settlements, total | 11.4 | (14.6)
Total realized and unrealized gains and (losses): |  |
Change in fair value included in earnings | (12.0) | 20.1
Ending balance | $ 5.0 | $ 4.8

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