XML 83 R69.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Mortgage Servicing - Schedule of Activity Related to MSRs - Fair Value Measurement Method (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Servicing Asset at Fair Value, Amount [Roll Forward]          
Beginning balance   $ 2,374.7 $ 2,580.6 $ 2,272.2 $ 2,665.2
Servicing Asset at Fair Value, Disposals   (100.9) 0.0 (100.9) 0.0
Recognized on the sale of residential mortgage loans   67.7 31.5 102.4 62.6
Purchases of MSRs   34.9 19.1 61.8 44.0
Servicing transfers and adjustments   (85.7) (32.5) (87.0) (32.5)
Changes in fair value recognized in earnings:          
Changes in valuation inputs or assumptions   92.6 136.8 194.4 53.2
Realization of cash flows   (55.4) (59.7) (115.2) (116.8)
Ending balance $ 2,272.2 2,327.7   2,327.7  
Assets serviced 169,700.0 162,900.0   162,900.0  
Servicing Asset at Fair Value, Period Increase (Decrease)   37.2   79.2  
Servicing assets at fair value, net additions (sales) recognized   (84.1)   (23.7)  
Derivative, Gain (Loss) on Derivative, Net   46.7 47.4 96.0 44.0
MSR valuation adjustments, net   32.7 48.9 44.3 117.9
Total MSR Reserve Fair Value Gains (Losses)   37.2 77.2 79.2 (63.3)
ESS Financing Liability          
Changes in fair value recognized in earnings:          
Realization of expected cash flows   10.4 15.6 22.9 30.1
Derivative, Gain (Loss) on Derivative, Net   (50.6) (65.2) (104.3) (51.1)
MSR Asset Vehicle LLC          
Changes in fair value recognized in earnings:          
UPB of MSRs sold       30.1 17.9
Fair Value Agency Mortgage Servicing Rights          
Changes in fair value recognized in earnings:          
Ending balance     2,675.7   2,675.7
Servicing Asset at Fair Value, Period Increase (Decrease)     77.1   (63.6)
Servicing assets at fair value, net additions (sales) recognized     18.1   $ 74.1
Fair Value Agency Mortgage Servicing Rights | MAV Asset Vehicle LLC          
Changes in fair value recognized in earnings:          
UPB of MSRs sold   5,500.0 2,300.0    
Fair Value Non-Agency Mortgage Servicing Rights          
Changes in fair value recognized in earnings:          
Assets serviced 23,800.0 22,400.0   22,400.0  
Rithm Capital Corp . and others          
Servicing Asset at Fair Value, Amount [Roll Forward]          
Beginning balance       244.8  
Changes in fair value recognized in earnings:          
Ending balance 244.8 264.0   264.0  
Assets serviced 18,100.0 18,600.0   18,600.0  
Transferred MSR, Subject To Pledged Liability          
Servicing Asset at Fair Value, Amount [Roll Forward]          
Beginning balance       667.6  
Changes in fair value recognized in earnings:          
Ending balance 667.6 607.6   607.6  
Assets serviced 46,900.0 40,900.0   40,900.0  
Fair Value GSE Mortgage Servicing Rights          
Changes in fair value recognized in earnings:          
Assets serviced $ 127,300.0 122,900.0   $ 122,900.0  
Fair Value GSE Mortgage Servicing Rights | MAV Asset Vehicle LLC          
Changes in fair value recognized in earnings:          
Servicing Asset At Fair Value, Amount Derecognized   $ 85.8 $ 32.5