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)

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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, 2023
Dec. 31, 2022
Loans held for investment    
Assets    
Beginning balance $ 12,022,098 $ 11,587,382
Total gain (loss) included in earnings 1,003,208 190,714
Purchases and additions 8,640,881 6,165,003
Sales and settlements (1,927,773) (2,178,245)
Transfers in (out) between categories (1,614,423) (3,742,756)
Ending balance 18,123,991 12,022,098
Loans held for investment, subject to nonrecourse debt    
Assets    
Beginning balance 7,454,638 6,218,194
Total gain (loss) included in earnings 506,993 (744,123)
Purchases and additions 76,031 117,010
Sales and settlements (1,349,682) (1,847,648)
Transfers in (out) between categories 1,584,413 3,711,205
Ending balance 8,272,393 7,454,638
Loans held for sale    
Assets    
Beginning balance 161,861 149,426
Total gain (loss) included in earnings (2,253) (15,213)
Purchases and additions 40,468 1,119,578
Sales and settlements (218,238) (1,103,492)
Transfers in (out) between categories 18,162 11,562
Ending balance 0 161,861
MSR    
Assets    
Beginning balance 95,096 427,942
Total gain (loss) included in earnings (2,582) 22,989
Purchases and additions 405 122,362
Sales and settlements (86,483) (478,197)
Transfers in (out) between categories 0 0
Ending balance 6,436 95,096
Retained bonds    
Assets    
Beginning balance 46,439 55,614
Total gain (loss) included in earnings 847 (8,668)
Purchases and additions 0 0
Sales and settlements (2,989) (507)
Transfers in (out) between categories 0 0
Ending balance 44,297 46,439
Purchase commitments    
Assets    
Beginning balance 9,356 0
Total gain (loss) included in earnings 0 9,356
Purchases and additions 0 0
Sales and settlements (9,356) 0
Transfers in (out) between categories 0 0
Ending balance 0 9,356
Investments    
Assets    
Beginning balance 0 6,000
Total gain (loss) included in earnings   (6,000)
Purchases and additions   0
Sales and settlements   0
Transfers in (out) between categories   0
Ending balance   0
HMBS related obligations    
Liabilities    
Beginning balance (10,996,755) (10,422,358)
Total gain (loss) included in earnings (785,928) (29,015)
Purchases and additions (7,495,167) (2,870,650)
Settlements 1,924,130 2,325,268
Ending balance (17,353,720) (10,996,755)
Nonrecourse debt in consolidated VIE trusts and reverse loan financing liability    
Liabilities    
Beginning balance (7,175,857) (5,857,069)
Total gain (loss) included in earnings (431,248) 316,963
Purchases and additions (1,701,349) (3,202,519)
Settlements 1,431,522 1,566,768
Ending balance (7,876,932) (7,175,857)
Nonrecourse commercial loan financing liability    
Liabilities    
Beginning balance (106,758) (111,738)
Total gain (loss) included in earnings 860 2,527
Purchases and additions (27,565) (205,746)
Settlements 106,195 208,199
Ending balance (27,268) (106,758)
Nonrecourse MSR financing liability    
Liabilities    
Beginning balance (60,562) (142,435)
Total gain (loss) included in earnings 748 (8,162)
Purchases and additions 0 (14,196)
Settlements 59,814 104,231
Ending balance 0 (60,562)
Deferred purchase price liabilities    
Liabilities    
Beginning balance (137)  
Total gain (loss) included in earnings 69  
Purchases and additions (4,385)  
Settlements 135  
Ending balance (4,318) (137)
TRA obligation    
Liabilities    
Beginning balance (3,781) (29,380)
Total gain (loss) included in earnings (756) 25,599
Purchases and additions 0 0
Settlements 0 0
Ending balance $ (4,537) $ (3,781)