Annual report [Section 13 and 15(d), not S-K Item 405]

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

v3.25.0.1
Fair Value - Assets and Liabilities Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs (Details) - Level 3 - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Loans held for investment    
Assets    
Beginning balance $ 18,123,991 $ 12,022,098
Total gain (loss) included in earnings 1,592,998 1,003,208
Purchases and additions 2,894,673 8,640,881
Sales and settlements (2,120,036) (1,927,773)
Transfers in (out) between categories (1,301,561) (1,614,423)
Ending balance 19,190,065 18,123,991
Loans held for investment, subject to nonrecourse debt    
Assets    
Beginning balance 8,272,393 7,454,638
Total gain (loss) included in earnings 573,140 506,993
Purchases and additions 41,134 76,031
Sales and settlements (922,355) (1,349,682)
Transfers in (out) between categories 1,324,091 1,584,413
Ending balance 9,288,403 8,272,393
Loans held for sale    
Assets    
Beginning balance 0 161,861
Total gain (loss) included in earnings   (2,253)
Purchases and additions   40,468
Sales and settlements   (218,238)
Transfers in (out) between categories   18,162
Ending balance   0
MSR    
Assets    
Beginning balance 6,436 95,096
Total gain (loss) included in earnings (920) (2,582)
Purchases and additions 0 405
Sales and settlements (5,516) (86,483)
Transfers in (out) between categories 0 0
Ending balance 0 6,436
Retained bonds    
Assets    
Beginning balance 44,297 46,439
Total gain (loss) included in earnings (684) 847
Purchases and additions 0 0
Sales and settlements (3,206) (2,989)
Transfers in (out) between categories 0 0
Ending balance 40,407 44,297
Purchase commitments    
Assets    
Beginning balance 0 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
HMBS related obligations    
Liabilities    
Beginning balance (17,353,720) (10,996,755)
Total gain (loss) included in earnings (1,340,956) (785,928)
Purchases and additions (2,003,170) (7,495,167)
Settlements 2,253,476 1,924,130
Ending balance (18,444,370) (17,353,720)
Nonrecourse debt in consolidated VIE trusts and reverse loan financing liability    
Liabilities    
Beginning balance (7,876,932) (7,175,857)
Total gain (loss) included in earnings (428,840) (431,248)
Purchases and additions (1,462,646) (1,701,349)
Settlements 817,973 1,431,522
Ending balance (8,950,445) (7,876,932)
Nonrecourse commercial loan financing liability    
Liabilities    
Beginning balance (27,268) (106,758)
Total gain (loss) included in earnings 10,245 860
Purchases and additions 0 (27,565)
Settlements 13,400 106,195
Ending balance (3,623) (27,268)
Nonrecourse MSR financing liability    
Liabilities    
Beginning balance 0 (60,562)
Total gain (loss) included in earnings   748
Purchases and additions   0
Settlements   59,814
Ending balance   0
Deferred purchase price liabilities    
Liabilities    
Beginning balance (4,318) (137)
Total gain (loss) included in earnings (9,189) 69
Purchases and additions 0 (4,385)
Settlements 137 135
Ending balance (13,370) (4,318)
TRA obligation    
Liabilities    
Beginning balance (4,537) (3,781)
Total gain (loss) included in earnings 1,223 (756)
Purchases and additions 0 0
Settlements 0 0
Ending balance $ (3,314) $ (4,537)