XML 72 R58.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value - Schedule of Fair Value Assets and Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Loans held for sale            
Loans held for sale, at fair value $ 1,103.9 $ 1,025.7 $ 674.2 $ 1,352.9 $ 845.2 $ 617.8
Financial liabilities            
Advance match funded liabilities 405.0   499.7      
Financing liabilities, at fair value:            
HMBS-related borrowings 8,035.4 7,945.0 7,797.3 7,486.4 7,470.6 7,326.8
Other financing liabilities, at fair value 845.9   900.0      
Other secured borrowings:            
Mortgage loan financing facilities, net ($280.1 and $143.4 related to VIEs) 1,190.5   710.6      
MSR financing facilities 927.7   916.2      
Senior notes            
Total Senior notes 555.2   595.8      
Mortgage servicing rights            
MSRs 2,327.7 2,374.7 2,272.2   2,580.6 2,665.2
Carrying Value            
Loans held for sale            
Total Loans held for sale 1,107.0   677.3      
Loans held for investment, at fair value 8,227.8   7,975.5      
Financing liabilities, at fair value:            
Other financing liabilities, at fair value 845.9   900.0      
Senior notes            
Total Senior notes 555.2   595.8      
Fair Value            
Loans held for sale            
Total Loans held for sale 1,107.0   677.3      
Loans held for investment, at fair value 8,227.8   7,975.5      
Financing liabilities, at fair value:            
Other financing liabilities, at fair value 845.9   900.0      
Senior notes            
Total Senior notes 561.6   556.5      
ESS Financing Liability            
Financing liabilities, at fair value:            
Other financing liabilities, at fair value 250.5   248.9      
Level 3 | Carrying Value            
Loans held for sale            
Loans held for sale, at fair value 1,103.9   674.2      
Loans held for sale, at lower of cost or fair value 3.1   3.1      
Loans held for investment, at fair value 8,222.4   7,970.0      
Advances, net 550.6   678.8      
Receivables, net 153.4   154.8      
Financial liabilities            
Advance match funded liabilities 405.0   499.7      
Financing liabilities, at fair value:            
HMBS-related borrowings 8,035.4   7,797.3      
Other secured borrowings:            
Mortgage loan financing facilities, net ($280.1 and $143.4 related to VIEs) 1,190.5   710.6      
MSR financing facilities 927.7   916.2      
Mortgage servicing rights            
MSRs 2,327.7   2,272.2      
Level 3 | Carrying Value | Second Lien            
Senior notes            
Senior secured notes 245.3   239.7      
Level 3 | Fair Value            
Loans held for sale            
Loans held for sale, at fair value 1,103.9   674.2      
Loans held for sale, at lower of cost or fair value 3.1   3.1      
Loans held for investment, at fair value 8,222.4   7,970.0      
Advances, net 550.6   678.8      
Receivables, net 153.4   154.8      
Financial liabilities            
Advance match funded liabilities 405.0   499.7      
Financing liabilities, at fair value:            
HMBS-related borrowings 8,035.4   7,797.3      
Other secured borrowings:            
Mortgage loan financing facilities, net ($280.1 and $143.4 related to VIEs) 1,196.5   717.6      
MSR financing facilities 914.0   900.3      
Mortgage servicing rights            
MSRs 2,327.7   2,272.2      
Level 3 | Fair Value | Second Lien            
Senior notes            
Senior secured notes 256.3   230.5      
Level 3 | Interest Rate Contract | Carrying Value            
Derivative financial instrument assets (liabilities), net            
Interest rate lock commitments 4.1   5.6      
Level 3 | Interest Rate Contract | Fair Value            
Derivative financial instrument assets (liabilities), net            
Interest rate lock commitments 4.1   5.6      
Level 3 | Other | Carrying Value            
Derivative financial instrument assets (liabilities), net            
Other commitments (a) 0.0   (0.1)      
Level 3 | Other | Fair Value            
Derivative financial instrument assets (liabilities), net            
Other commitments (a) 0.0   (0.1)      
Level 3 | ESS Financing Liability            
Mortgage servicing rights            
Loans related to Ginnie Mae guaranteed securitizations (250.5) (253.4) (248.9) (258.5) (263.1) (199.0)
Level 3 | Loans Held for Sale - Fair Value            
Mortgage servicing rights            
Loans related to Ginnie Mae guaranteed securitizations 296.7 $ 284.0 203.1 $ 197.4 $ 23.3 $ 32.1
Level 3 | Loans Held for Investment Securitization Trusts | Carrying Value            
Loans held for sale            
Loans held for investment, at fair value 5.4   5.6      
Level 3 | Loans Held for Investment Securitization Trusts | Fair Value            
Loans held for sale            
Loans held for investment, at fair value 5.4   5.6      
Level 2 | Carrying Value            
Loans held for sale            
Loans held for sale, at fair value 1,103.9   674.2      
Senior notes            
Senior secured notes 309.9   356.1      
Level 2 | Fair Value            
Loans held for sale            
Loans held for sale, at fair value 1,103.9   674.2      
Senior notes            
Senior secured notes 305.3   326.0      
Level 1 | Other | Carrying Value            
Derivative financial instrument assets (liabilities), net            
Interest rate lock commitments (1.4)   9.1      
Level 1 | Other | Fair Value            
Derivative financial instrument assets (liabilities), net            
Interest rate lock commitments $ (1.4)   $ 9.1