Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting - Summary of Financial Information By Segment (Detail)

v3.21.2
Business Segment Reporting - Summary of Financial Information By Segment (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Jun. 30, 2020
Dec. 31, 2020
REVENUES          
Gain on sale of loans, net $ 187,577 $ 291,334 $ 298,291 $ 428,975  
Net fair value gains 131,151 76,663 112,303 125,683  
Fee income 90,864 161,371 76,656 146,627  
Net interest expense (20,475) (21,705) (21,791) (47,552)  
TOTAL REVENUES 389,117 507,663 465,459 653,733  
Total expenses 400,752 373,344 318,697 549,044  
Other, net (2,103) (8,862) (28) (44)  
Net income (loss) before taxes (13,738) 125,457 146,734 104,645  
Depreciation and amortization 16,462 3,484 3,488 6,957  
Total assets 22,227,938 20,100,419 18,096,000 18,096,000 $ 19,565,155
Operating Segments          
REVENUES          
Gain on sale of loans, net 193,134 291,546 298,333 431,241  
Net fair value gains 116,581 76,630 111,947 123,741  
Fee income 128,130 154,759 80,397 154,581  
Net interest expense (13,899) (13,961) (18,972) (43,250)  
TOTAL REVENUES 423,946 508,974 471,705 666,313  
Total expenses 392,993 348,706 305,594 534,226  
Other, net 82 1,080      
Net income (loss) before taxes 31,035 161,348 166,111 132,087  
Depreciation and amortization 4,120 3,113 3,009 5,976  
Total assets 22,206,032 20,047,170 18,249,243 18,249,243  
Corporate and Other          
REVENUES          
Fee income 0 0 28 44  
Net interest expense (6,567) (7,744) (2,804) (4,220)  
TOTAL REVENUES (6,567) (7,744) (2,776) (4,176)  
Total expenses 36,021 18,683 16,573 23,222  
Other, net (2,185) (9,464) (28) (44)  
Net income (loss) before taxes (44,773) (35,891) (19,377) (27,442)  
Depreciation and amortization 12,342 371 479 981  
Total assets 2,115,780 379,562 484,973 484,973  
Elim          
REVENUES          
Gain on sale of loans, net (5,557) (212) (42) (2,266)  
Net fair value gains 14,570 33 356 1,942  
Fee income (37,266) 6,612 (3,769) (7,998)  
Net interest expense (9)   (15) (82)  
TOTAL REVENUES (28,262) 6,433 (3,470) (8,404)  
Total expenses (28,262) 5,955 (3,470) (8,404)  
Other, net   (478)      
Total assets (2,093,874) (326,313) (638,216) (638,216)  
Mortgage Originations | Operating Segments          
REVENUES          
Gain on sale of loans, net 185,386 286,481 298,333 425,624  
Fee income 30,345 32,731 33,795 54,322  
Net interest expense 1,976 891 778 1,264  
TOTAL REVENUES 217,707 320,103 332,906 481,210  
Total expenses 224,191 224,246 215,958 354,149  
Net income (loss) before taxes (6,484) 95,857 116,948 127,061  
Depreciation and amortization 1,433 1,423 1,520 3,087  
Total assets 2,994,779 2,425,529 1,816,879 1,816,879  
Reverse Originations | Operating Segments          
REVENUES          
Net fair value gains 94,536 68,449 54,689 89,278  
Fee income 954 524 509 1,112  
Net interest expense (9)        
TOTAL REVENUES 95,481 68,973 55,198 90,390  
Total expenses 42,246 23,693 22,156 40,740  
Other, net 104 34      
Net income (loss) before taxes 53,339 45,314 33,042 49,650  
Depreciation and amortization (151) 151 286 455  
Total assets 768,229 35,861 86,335 86,335  
Commercial Originations | Operating Segments          
REVENUES          
Net fair value gains 10,822 5,431 21 8,582  
Fee income 12,124 8,930 350 11,185  
TOTAL REVENUES 22,946 14,361 371 19,767  
Total expenses 20,049 13,391 6,552 22,442  
Other, net 140 149      
Net income (loss) before taxes 3,037 1,119 (6,181) (2,675)  
Depreciation and amortization 127 125 142 306  
Total assets 109,434 82,375 59,439 59,439  
Portfolio Management | Operating Segments          
REVENUES          
Gain on sale of loans, net 7,748 5,065   5,617  
Net fair value gains 11,223 2,750 57,237 25,881  
Fee income 3,577 36,191 1,431 2,392  
Net interest expense (15,851) (14,816) (19,708) (44,481)  
TOTAL REVENUES 6,697 29,190 38,960 (10,591)  
Total expenses 33,190 24,406 21,374 38,746  
Other, net (245) 895      
Net income (loss) before taxes (26,738) 5,679 17,586 (49,337)  
Depreciation and amortization (107) 146 11 23  
Total assets 17,996,903 17,378,088 16,194,177 16,194,177  
Lender Services | Operating Segments          
REVENUES          
Fee income 81,130 76,383 44,312 85,570  
Net interest expense (15) (36) (42) (33)  
TOTAL REVENUES 81,115 76,347 44,270 85,537  
Total expenses 73,317 62,970 39,554 78,149  
Other, net 83 2      
Net income (loss) before taxes 7,881 13,379 4,716 7,388  
Depreciation and amortization 2,818 1,268 1,050 2,105  
Total assets $ 336,687 $ 125,317 $ 92,413 $ 92,413