Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.1
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
Mar. 31, 2023
Mar. 31, 2022
Loans held for investment    
Assets    
Beginning balance $ 12,022,098 $ 11,587,382
Total gain (loss) included in earnings 244,759 (35,895)
Purchases and additions 6,462,274 1,848,155
Sales and settlements (406,942) (612,624)
Transfers in (out) between categories (961,660) (895,876)
Ending balance 17,360,529 11,891,142
Loans held for investment, subject to nonrecourse debt    
Assets    
Beginning balance 7,454,638 6,218,194
Total gain (loss) included in earnings 298,636 (313,720)
Purchases and additions 26,981 30,342
Sales and settlements (333,324) (586,276)
Transfers in (out) between categories 927,896 887,450
Ending balance 8,374,827 6,235,990
Loans held for sale    
Assets    
Beginning balance 161,861 158,156
Total gain (loss) included in earnings (828) (1,838)
Purchases and additions 40,468 430,806
Sales and settlements (198,338) (368,656)
Transfers in (out) between categories 15,580 0
Ending balance 18,743 218,468
MSR    
Assets    
Beginning balance 95,096 427,942
Total gain (loss) included in earnings (1,369) 52,368
Purchases and additions 405 53,444
Sales and settlements (80,419) (107,652)
Transfers in (out) between categories 0 0
Ending balance 13,713 426,102
Retained Bonds    
Assets    
Beginning balance 46,439 55,614
Total gain (loss) included in earnings 1,031 (3,289)
Purchases and additions 0 0
Sales and settlements (422) (1,450)
Transfers in (out) between categories 0 0
Ending balance 47,048 50,875
Purchase commitments    
Assets    
Beginning balance 9,356  
Total gain (loss) included in earnings 0  
Purchases and additions 0  
Sales and settlements (9,356)  
Transfers in (out) between categories 0  
Ending balance 0  
Investments    
Assets    
Beginning balance   6,000
Total gain (loss) included in earnings   0
Purchases and additions   0
Sales and settlements   0
Transfers in (out) between categories   0
Ending balance   6,000
HMBS related obligations    
Liabilities    
Beginning balance (10,996,755) (10,422,358)
Total gain (loss) included in earnings (147,451) 85,582
Purchases and additions (5,648,041) (948,682)
Settlements 384,618 737,327
Ending balance (16,407,629) (10,548,131)
Deferred purchase price liabilities    
Liabilities    
Beginning balance (137) (7,912)
Total gain (loss) included in earnings 0 0
Purchases and additions (4,385) 0
Settlements 0 5,000
Ending balance (4,522) (2,912)
Nonrecourse debt in consolidated VIE trusts    
Liabilities    
Beginning balance (7,175,857) (5,857,069)
Total gain (loss) included in earnings (237,315) 105,340
Purchases and additions (639,499) (1,048,499)
Settlements 96,796 768,072
Ending balance (7,955,875) (6,032,156)
Nonrecourse commercial loan financing liability    
Liabilities    
Beginning balance (106,758) (111,738)
Total gain (loss) included in earnings 381 254
Purchases and additions (22,600) (60,658)
Settlements 53,288 44,502
Ending balance (75,689) (127,640)
Nonrecourse MSR financing liability    
Liabilities    
Beginning balance (60,562) (155,108)
Total gain (loss) included in earnings 748 (16,038)
Purchases and additions 0 7,165
Settlements 58,826 0
Ending balance   (163,981)
TRA Liability    
Liabilities    
Beginning balance (3,781) (29,380)
Total gain (loss) included in earnings 1,579 0
Purchases and additions 0 0
Settlements 0 0
Ending balance $ (2,202) $ (29,380)