Annual report pursuant to Section 13 and 15(d)

Fair Value - Assets and Liabilities Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs (Details)

v3.22.4
Fair Value - Assets and Liabilities Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs (Details) - Level 3 - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2020
Loans held for investment        
Assets        
Beginning balance $ 10,659,984 $ 11,171,736 $ 11,587,382 $ 10,894,577
Total gain or losses included in earnings 132,499 272,802 190,714 627,251
Purchases and additions, net 1,143,109 4,438,629 6,165,003 3,616,667
Sales and settlements (534,738) (2,235,651) (2,178,245) (1,536,977)
Transfers in/(out) between categories (229,118) (2,060,134) (3,742,756) (2,941,534)
Ending balance 11,171,736 11,587,382 12,022,098 10,659,984
Loans held for investment, subject to nonrecourse debt        
Assets        
Beginning balance 5,396,167 5,291,444 6,218,194 3,511,212
Total gain or losses included in earnings (37,757) 71,126 (744,123) 304,663
Purchases and additions, net 21,064 80,542 117,010 136,838
Sales and settlements (360,128) (1,275,674) (1,847,648) (1,285,902)
Transfers in/(out) between categories 272,098 2,050,756 3,711,205 2,729,356
Ending balance 5,291,444 6,218,194 7,454,638 5,396,167
Loans held for sale        
Assets        
Beginning balance 152,854 135,681 166,751 182,973
Total gain or losses included in earnings 2,764 1,214 (15,213) (2,158)
Purchases and additions, net 175,551 915,522 1,119,578 409,467
Sales and settlements (152,579) (894,494) (1,103,492) (605,018)
Transfers in/(out) between categories (42,909) 8,828 (5,763) 167,590
Ending balance 135,681 166,751 161,861 152,854
Derivative assets        
Assets        
Beginning balance 88,660 38,574 23,222 14,008
Total gain or losses included in earnings (50,040) (14,217) (23,131) 74,470
Purchases and additions, net 0 0 0 182
Sales and settlements (46) (1,135) 0 0
Transfers in/(out) between categories 0 0 0 0
Ending balance 38,574 23,222 91 88,660
MSR        
Assets        
Beginning balance 180,684 267,364 427,942 2,600
Total gain or losses included in earnings 20,349 (15,200) 22,989 4,562
Purchases and additions, net 74,978 178,279 122,362 173,522
Sales and settlements (8,647) (2,501) (478,197) 0
Transfers in/(out) between categories 0 0 0 0
Ending balance 267,364 427,942 95,096 180,684
Retained Bonds        
Assets        
Beginning balance   0 55,614  
Total gain or losses included in earnings   1,344 (8,668)  
Purchases and additions, net   54,752 0  
Sales and settlements   (482) (507)  
Transfers in/(out) between categories   0 0  
Ending balance 0 55,614 46,439  
Purchase commitments        
Assets        
Beginning balance     0  
Total gain or losses included in earnings     9,356  
Purchases and additions, net     0  
Sales and settlements     0  
Transfers in/(out) between categories     0  
Ending balance   0 9,356  
Debt Securities        
Assets        
Beginning balance 0     102,260
Total gain or losses included in earnings       2,288
Purchases and additions, net       24,489
Sales and settlements       (129,037)
Transfers in/(out) between categories       0
Ending balance       0
Investments        
Assets        
Beginning balance 18,934 9,470 6,000 20,508
Total gain or losses included in earnings (9,464) (3,470) (6,000) (5,512)
Purchases and additions, net 0 0 0 3,938
Sales and settlements 0 0 0 0
Transfers in/(out) between categories 0 0 0 0
Ending balance 9,470 6,000 0 18,934
HMBS related obligations        
Liabilities        
Beginning balance (9,788,668) (9,926,132) (10,422,358) (9,320,209)
Total gain or losses included in earnings (41,434) 62,306 (29,015) (359,951)
Purchases and additions, net (602,172) (2,491,919) (2,870,650) (2,051,953)
Settlements 506,142 1,933,387 2,325,268 1,943,445
Ending balance (9,926,132) (10,422,358) (10,996,755) (9,788,668)
Derivative liabilities        
Liabilities        
Beginning balance (1,084) (936) 0 (68)
Total gain or losses included in earnings 0 (98)   (834)
Purchases and additions, net 0 0   (182)
Settlements 148 1,034   0
Ending balance (936) 0   (1,084)
Deferred purchase price liabilities        
Liabilities        
Beginning balance (3,842) (3,214) (12,852) (4,300)
Total gain or losses included in earnings (29) (2,240) 0 (3,014)
Purchases and additions, net 0 (7,984) 0 (138)
Settlements 657 586 7,775 3,610
Ending balance (3,214) (12,852) (5,077) (3,842)
Nonrecourse debt in consolidated VIE trusts        
Liabilities        
Beginning balance (5,257,754) (5,205,892) (5,857,069) (3,490,196)
Total gain or losses included in earnings (30,770) (74,333) 316,963 (294,802)
Purchases and additions, net (575,668) (1,813,458) (3,202,519) (3,110,368)
Settlements 658,300 1,236,614 1,566,768 1,637,612
Ending balance (5,205,892) (5,857,069) (7,175,857) (5,257,754)
Nonrecourse commercial loan financing liability        
Liabilities        
Beginning balance   0 (111,738)  
Total gain or losses included in earnings   1,019 2,527  
Purchases and additions, net   (176,863) (205,746)  
Settlements   64,106 208,199  
Ending balance 0 (111,738) (106,758)  
Nonrecourse MSR financing liability        
Liabilities        
Beginning balance (14,088) (22,051) (142,435) 0
Total gain or losses included in earnings 390 (2,998) (8,162) 798
Purchases and additions, net (8,353) (117,386) (14,196) (15,101)
Settlements 0 0 104,231 215
Ending balance (22,051) (142,435) (60,562) $ (14,088)
TRA Liability        
Liabilities        
Beginning balance   0 (29,380)  
Total gain or losses included in earnings   2,570 25,599  
Purchases and additions, net   (31,950) 0  
Settlements   0 0  
Ending balance $ 0 $ (29,380) $ (3,781)