Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting - Summary of Financial Information By Segment (Detail)

v3.22.2
Business Segment Reporting - Summary of Financial Information By Segment (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Dec. 31, 2021
REVENUES          
Gain on sale and other income from loans held for sale, net $ 71,805 $ 187,577 $ 291,334 $ 190,157  
Net fair value gains on loans and related obligations 1,613 131,151 76,663 12,048  
Fee income 88,681 90,864 161,371 246,286  
Interest income 15,853 13,151 12,661 29,726  
Interest expense (36,834) (33,626) (34,366) (69,664)  
Net interest income (expense) (20,981) (20,475) (21,705) (39,938)  
TOTAL REVENUES 141,118 389,117 507,663 408,553  
Total expenses 325,013 400,752 373,314 674,550  
Other, net 15,132 (2,103) (8,892) 19,904  
NET INCOME (LOSS) BEFORE INCOME TAXES (168,763) (13,738) 125,457 (246,093)  
Depreciation and amortization 16,781 16,462 3,484 33,425  
Total assets 21,736,226 22,227,938 20,100,419 21,736,226 $ 21,788,946
Operating Segments          
REVENUES          
Gain on sale and other income from loans held for sale, net 75,334 193,134 291,546 198,393  
Net fair value gains on loans and related obligations 1,643 116,581 76,630 8,088  
Fee income 96,214 128,130 154,759 267,957  
Interest income 15,759 13,053 12,649 29,538  
Interest expense (30,096) (26,952) (26,610) (56,223)  
Net interest income (expense) (14,337) (13,899) (13,961) (26,685)  
TOTAL REVENUES 158,854 423,946 508,974 447,753  
Total expenses 305,162 392,993 348,706 633,678  
Other, net 1,053 82 1,080 6,082  
NET INCOME (LOSS) BEFORE INCOME TAXES (145,255) 31,035 161,348 (179,843)  
Depreciation and amortization 13,601 4,120 3,113 29,736  
Total assets 21,723,646 22,206,032 20,047,170 21,723,646  
Corporate and Other          
REVENUES          
Gain on sale and other income from loans held for sale, net       0  
Net fair value gains on loans and related obligations       0  
Fee income       0  
Interest income 94 107 12 188  
Interest expense (6,738) (6,674) (7,756) (13,441)  
Net interest income (expense) (6,644) (6,567) (7,744) (13,253)  
TOTAL REVENUES (6,644) (6,567) (7,744) (13,253)  
Total expenses 30,787 36,021 18,683 66,768  
Other, net 13,923 (2,185) (9,464) 13,771  
NET INCOME (LOSS) BEFORE INCOME TAXES (23,508) (44,773) (35,891) (66,250)  
Depreciation and amortization 3,180 12,342 371 3,689  
Total assets 1,741,180 2,115,780 379,562 1,741,180  
Elim          
REVENUES          
Gain on sale and other income from loans held for sale, net (3,529) (5,557) (212) (8,236)  
Net fair value gains on loans and related obligations (30) 14,570 33 3,960  
Fee income (7,533) (37,266) 6,612 (21,671)  
Interest income   (9)   0  
Interest expense       0  
Net interest income (expense)   (9)   0  
TOTAL REVENUES (11,092) (28,262) 6,433 (25,947)  
Total expenses (10,936) (28,262) 5,925 (25,896)  
Other, net 156 0 (508) 51  
NET INCOME (LOSS) BEFORE INCOME TAXES   0   0  
Depreciation and amortization 0 0   0  
Total assets (1,728,600) (2,093,874) (326,313) (1,728,600)  
Mortgage Originations | Operating Segments          
REVENUES          
Gain on sale and other income from loans held for sale, net 81,199 185,386 286,481 193,120  
Net fair value gains on loans and related obligations   0   0  
Fee income 18,086 30,345 32,731 38,235  
Interest income 13,657 12,837 12,483 26,229  
Interest expense (9,758) (10,861) (11,592) (19,129)  
Net interest income (expense) 3,899 1,976 891 7,100  
TOTAL REVENUES 103,184 217,707 320,103 238,455  
Total expenses 138,183 224,191 224,246 294,966  
Other, net   0 0 0  
NET INCOME (LOSS) BEFORE INCOME TAXES (34,999) (6,484) 95,857 (56,511)  
Depreciation and amortization 1,615 1,433 1,423 4,435  
Total assets 1,185,899 2,994,779 2,425,529 1,185,899  
Reverse Originations | Operating Segments          
REVENUES          
Gain on sale and other income from loans held for sale, net   0   0  
Net fair value gains on loans and related obligations 77,872 94,536 68,449 183,627  
Fee income 2,123 954 524 3,939  
Interest income       0  
Interest expense   (9)   0  
Net interest income (expense)   (9)   0  
TOTAL REVENUES 79,995 95,481 68,973 187,566  
Total expenses 44,171 42,246 23,693 87,350  
Other, net 38 104 34 3,252  
NET INCOME (LOSS) BEFORE INCOME TAXES 35,862 53,339 45,314 103,468  
Depreciation and amortization 9,708 (151) 151 19,306  
Total assets 415,678 768,229 35,861 415,678  
Commercial Originations | Operating Segments          
REVENUES          
Gain on sale and other income from loans held for sale, net   0   0  
Net fair value gains on loans and related obligations (3,980) 10,822 5,431 (505)  
Fee income 16,659 12,124 8,930 33,817  
Interest income       0  
Interest expense       0  
Net interest income (expense)   0   0  
TOTAL REVENUES 12,679 22,946 14,361 33,312  
Total expenses 24,587 20,049 13,391 47,674  
Other, net 164 140 149 288  
NET INCOME (LOSS) BEFORE INCOME TAXES (11,744) 3,037 1,119 (14,074)  
Depreciation and amortization 522 127 125 1,036  
Total assets 28,670 109,434 82,375 28,670  
Lender Services | Operating Segments          
REVENUES          
Gain on sale and other income from loans held for sale, net (1,125) 0   (914)  
Net fair value gains on loans and related obligations   0   0  
Fee income 58,148 81,130 76,383 134,301  
Interest income 587 29 28 747  
Interest expense (51) (44) (64) (84)  
Net interest income (expense) 536 (15) (36) 663  
TOTAL REVENUES 57,559 81,115 76,347 134,050  
Total expenses 63,667 73,317 62,970 134,423  
Other, net 814 83 2 2,478  
NET INCOME (LOSS) BEFORE INCOME TAXES (5,294) 7,881 13,379 2,105  
Depreciation and amortization 1,650 2,818 1,268 4,762  
Total assets 212,574 336,687 125,317 212,574  
Portfolio Management | Operating Segments          
REVENUES          
Gain on sale and other income from loans held for sale, net (4,740) 7,748 5,065 6,187  
Net fair value gains on loans and related obligations (72,249) 11,223 2,750 (175,034)  
Fee income 1,198 3,577 36,191 57,665  
Interest income 1,515 187 138 2,562  
Interest expense (20,287) (16,038) (14,954) (37,010)  
Net interest income (expense) (18,772) (15,851) (14,816) (34,448)  
TOTAL REVENUES (94,563) 6,697 29,190 (145,630)  
Total expenses 34,554 33,190 24,406 69,265  
Other, net 37 (245) 895 64  
NET INCOME (LOSS) BEFORE INCOME TAXES (129,080) (26,738) 5,679 (214,831)  
Depreciation and amortization 106 (107) 146 197  
Total assets $ 19,880,825 $ 17,996,903 $ 17,378,088 $ 19,880,825