Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Risk Management Activities (Tables)

v3.22.2.2
Derivatives and Risk Management Activities (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of derivative instruments
The following tables summarize the fair value and notional amount of derivative instruments (in thousands):
September 30, 2022
Derivative assets Derivative liabilities
Fair value Notional amount Fair value Notional amount
IRLCs and LPCs $ 3,678  $ 344,617  $ 13,740  $ 590,007 
Forward MBS and TBAs 32,254  1,162,300  97  15,071 
Interest rate swaps and futures contracts 53,967  1,430,600  —  — 
Total fair value and notional amount $ 89,899  $ 2,937,517  $ 13,837  $ 605,078 

December 31, 2021
Derivative assets Derivative liabilities
Fair value Notional amount Fair value Notional amount
IRLCs and LPCs $ 24,786  $ 2,095,238  $ —  $ — 
Forward MBS and TBAs 1,250  948,000  1,685  1,515,000 
Interest rate swaps and futures contracts 22,834  11,977,300  24,993  12,193,100 
Total fair value and notional amount $ 48,870  $ 15,020,538  $ 26,678  $ 13,708,100 
Summary of the gains/(losses) on derivative instruments
The follow table details the gains/(losses) on derivative instruments (in thousands):
For the three months ended September 30, 2022 For the nine months ended September 30, 2022 For the three months ended September 30, 2021 For the six months ended September 30, 2021 For the three months ended March 31, 2021
Derivative activity Successor Predecessor
IRLCs and LPCs $ (24,189) $ (34,848) $ (5,119) $ (8,656) $ (49,557)
Forward MBS and TBAs 54,856  265,822  (8,349) (48,638) 113,331 
Interest rate swaps and futures contracts 53,123  292,666  1,254  (36,129) 43,935