Commitment and Contingencies (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2022 |
Dec. 31, 2021 |
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Equal or greater than | ||
Commitments and Contingencies [Line Items] | ||
Outstanding principal balance of HECM is equal to or greater than MCA (in percent) | 98.00% | |
Outstanding principal balance is equal to or greater than MCA (in percent) | 98.00% | |
Loan purchase commitments | ||
Commitments and Contingencies [Line Items] | ||
Long-term purchase commitment | $ 1,700,000 | $ 178,600,000 |
Loan origination commitments | ||
Commitments and Contingencies [Line Items] | ||
Long-term purchase commitment | 133,600,000 | 0 |
HECM loans | ||
Commitments and Contingencies [Line Items] | ||
Unfunded loan commitments | 3,100,000,000 | 2,600,000,000 |
Fix and flip loans | ||
Commitments and Contingencies [Line Items] | ||
Unfunded loan commitments | 128,900,000 | 94,900,000 |
Agricultural loans | ||
Commitments and Contingencies [Line Items] | ||
Unfunded loan commitments | $ 26,700,000 | $ 78,500,000 |
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- Definition Commitments and Contingencies [Line Items] No definition available.
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- Definition Percentage of outstanding principal balance is equal to or greater than MCA. No definition available.
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- Definition Percentage of outstanding principal balance of HECM is equal to or greater than MCA. No definition available.
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- Definition Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments. No definition available.
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- Definition The minimum amount the entity agreed to spend under the long-term purchase commitment. No definition available.
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