Interest Income and Interest Expense (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Interest income: | ||||
| Interest income on mortgage loans | $ 474,251 | $ 411,461 | $ 934,285 | $ 720,955 |
| Other interest income | 3,840 | 3,200 | 7,785 | 4,670 |
| Interest income | 478,091 | 414,661 | 942,070 | 725,625 |
| Interest expense: | ||||
| Interest expense on HMBS and nonrecourse obligations | (393,504) | (325,476) | (767,240) | (549,867) |
| Interest expense on other financing lines of credit | (19,114) | (24,106) | (39,182) | (48,102) |
| Interest expense | (412,618) | (349,582) | (806,422) | (597,969) |
| NET PORTFOLIO INTEREST INCOME | 65,473 | 65,079 | 135,648 | 127,656 |
| Non-portfolio interest income | 338 | 0 | 659 | 621 |
| Non-funding interest expense | (9,606) | (7,628) | (18,079) | (15,188) |
| Non-funding interest expense, net | (9,268) | (7,628) | (17,420) | (14,567) |
| Net interest income | $ 56,205 | $ 57,451 | $ 118,228 | $ 113,089 |
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- Definition Interest Expense, HMBS and Nonrecourse Obligations No definition available.
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- Definition Interest Expense, Other Financing Lines Of Credit No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of interest expense classified as other. No definition available.
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition Amount of interest income (expense) classified as operating and nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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