Fair Value - Weighted Average Unobservable Assumptions Used In The Fair Value Measurements (Details)
|
Dec. 31, 2022 |
Dec. 31, 2021 |
| Weighted Average | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Deferred purchase price liabilities, measurement input |
0.080
|
0.350
|
| Retained bonds, measurement input |
0.069
|
0.027
|
| Weighted Average | Discount rate | TRA obligation |
|
|
| Unobservable Assumptions |
|
|
| Deferred purchase price liabilities, measurement input |
0.483
|
0.135
|
| Weighted Average | Discount rate | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.101
|
0.085
|
| Weighted Average | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
4.9
|
5.1
|
| Weighted Average | Weighted average prepayment speed (CPR) | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.064
|
0.083
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.219
|
0.208
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.041
|
0.045
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.027
|
0.033
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.050
|
0.024
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Average draw rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.011
|
0.011
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.392
|
0.412
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.517
|
0.595
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.052
|
0.043
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.087
|
0.041
|
| Weighted Average | HECM buyouts - securitized (performing) | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.152
|
0.133
|
| Weighted Average | HECM buyouts - securitized (performing) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.048
|
0.077
|
| Weighted Average | HECM buyouts - securitized (performing) | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.082
|
0.037
|
| Weighted Average | HECM buyouts - securitized (performing) | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
8.0
|
9.0
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.143
|
0.186
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.100
|
0.100
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.071
|
0.036
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
9.7
|
7.5
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | Loan to value |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.431
|
0.434
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | Home price appreciation |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.038
|
0.047
|
| Weighted Average | Fix & flip mortgage loans - securitized | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.175
|
0.057
|
| Weighted Average | Fix & flip mortgage loans - securitized | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.112
|
0.141
|
| Weighted Average | Fix & flip mortgage loans - securitized | Loss rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.005
|
0.006
|
| Weighted Average | Inventory buy-outs | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.413
|
0.432
|
| Weighted Average | Inventory buy-outs | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.476
|
0.594
|
| Weighted Average | Inventory buy-outs | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.056
|
0.038
|
| Weighted Average | Inventory buy-outs | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.087
|
0.041
|
| Weighted Average | Non-agency reverse mortgage loans | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.138
|
0.148
|
| Weighted Average | Non-agency reverse mortgage loans | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.100
|
0.100
|
| Weighted Average | Non-agency reverse mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.071
|
0.036
|
| Weighted Average | Non-agency reverse mortgage loans | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
12.0
|
9.2
|
| Weighted Average | Non-agency reverse mortgage loans | Loan to value |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.364
|
0.478
|
| Weighted Average | Non-agency reverse mortgage loans | Home price appreciation |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.036
|
0.044
|
| Weighted Average | Fix & flip mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.166
|
0.059
|
| Weighted Average | Fix & flip mortgage loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.095
|
0.119
|
| Weighted Average | Fix & flip mortgage loans | Loss rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.002
|
0.004
|
| Weighted Average | Agricultural loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.097
|
0.048
|
| Weighted Average | Agricultural loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.118
|
0.221
|
| Weighted Average | Agricultural loans | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.009
|
0.009
|
| Weighted Average | SRL | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.083
|
0.033
|
| Weighted Average | SRL | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.197
|
0.142
|
| Weighted Average | SRL | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.010
|
0.022
|
| Weighted Average | Portfolio loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.109
|
0.039
|
| Weighted Average | Portfolio loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.184
|
0.087
|
| Weighted Average | Portfolio loans | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.010
|
0.032
|
| Weighted Average | IRLCs | Pull through rate |
|
|
| Unobservable Assumptions |
|
|
| Derivative asset (liability) net, measurement input |
0.914
|
0.881
|
| Weighted Average | HMBS related obligations | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.218
|
0.208
|
| Weighted Average | HMBS related obligations | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.050
|
0.023
|
| Weighted Average | Performing/Nonperforming HECM securitizations | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.211
|
0.435
|
| Weighted Average | Performing/Nonperforming HECM securitizations | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.086
|
0.023
|
| Weighted Average | Performing/Nonperforming HECM securitizations | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
1.6
|
0.5
|
| Weighted Average | Securitized non-agency reverse | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.165
|
0.282
|
| Weighted Average | Securitized non-agency reverse | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.072
|
0.022
|
| Weighted Average | Securitized non-agency reverse | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
6.4
|
1.6
|
| Weighted Average | Nonrecourse commercial loan financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.145
|
0.031
|
| Weighted Average | Nonrecourse commercial loan financing liability | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
4.3
|
4.0
|
| Weighted Average | Nonrecourse commercial loan financing liability | Weighted average prepayment speed (CPR) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.153
|
0.140
|
| Weighted Average | Nonrecourse MSR financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Servicing liability, measurement input |
0.102
|
0.091
|
| Weighted Average | Nonrecourse MSR financing liability | Weighted average prepayment speed (CPR) |
|
|
| Unobservable Assumptions |
|
|
| Servicing liability, measurement input |
0.051
|
0.077
|
| Minimum | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
(0.168)
|
0.019
|
| Minimum | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
2.4
|
2.6
|
| Minimum | Weighted average prepayment speed (CPR) | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.010
|
0.000
|
| Minimum | Loans held for investment, subject to HMBS related obligations | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.031
|
| Minimum | HECM buyouts - securitized (nonperforming) | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.231
|
0.250
|
| Minimum | HECM buyouts - securitized (nonperforming) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.031
|
| Minimum | HECM buyouts - securitized (performing) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.031
|
| Minimum | Non-agency reverse mortgage loans - securitized | Loan to value |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.000
|
0.001
|
| Minimum | Non-agency reverse mortgage loans - securitized | Home price appreciation |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
(0.101)
|
(0.046)
|
| Minimum | Inventory buy-outs | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.077
|
| Minimum | Non-agency reverse mortgage loans | Loan to value |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.001
|
0.002
|
| Minimum | Non-agency reverse mortgage loans | Home price appreciation |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
(0.101)
|
(0.046)
|
| Minimum | Fix & flip mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.163
|
0.057
|
| Minimum | Agricultural loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.110
|
0.090
|
| Minimum | Agricultural loans | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.000
|
0.000
|
| Minimum | SRL | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.185
|
0.010
|
| Minimum | SRL | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
|
0.010
|
| Minimum | Portfolio loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.000
|
0.000
|
| Minimum | Portfolio loans | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
|
0.010
|
| Minimum | Performing/Nonperforming HECM securitizations | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.199
|
0.308
|
| Minimum | Performing/Nonperforming HECM securitizations | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
1.5
|
0.2
|
| Minimum | Securitized non-agency reverse | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.083
|
0.184
|
| Minimum | Securitized non-agency reverse | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.2
|
1.0
|
| Minimum | Nonrecourse MSR financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Servicing liability, measurement input |
0.100
|
0.081
|
| Minimum | Nonrecourse MSR financing liability | Weighted average prepayment speed (CPR) |
|
|
| Unobservable Assumptions |
|
|
| Servicing liability, measurement input |
0.008
|
0.020
|
| Maximum | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
0.122
|
0.082
|
| Maximum | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
24.1
|
25.0
|
| Maximum | Weighted average prepayment speed (CPR) | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.085
|
0.128
|
| Maximum | Loans held for investment, subject to HMBS related obligations | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.121
|
0.077
|
| Maximum | HECM buyouts - securitized (nonperforming) | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
1.000
|
1
|
| Maximum | HECM buyouts - securitized (nonperforming) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.121
|
0.077
|
| Maximum | HECM buyouts - securitized (performing) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.121
|
0.077
|
| Maximum | Non-agency reverse mortgage loans - securitized | Loan to value |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.747
|
0.647
|
| Maximum | Non-agency reverse mortgage loans - securitized | Home price appreciation |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.073
|
0.14
|
| Maximum | Inventory buy-outs | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.121
|
0.031
|
| Maximum | Non-agency reverse mortgage loans | Loan to value |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.679
|
0.687
|
| Maximum | Non-agency reverse mortgage loans | Home price appreciation |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.073
|
0.140
|
| Maximum | Fix & flip mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.258
|
0.100
|
| Maximum | Agricultural loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
1.000
|
1.000
|
| Maximum | Agricultural loans | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.010
|
0.009
|
| Maximum | SRL | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.250
|
0.171
|
| Maximum | SRL | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
|
0.572
|
| Maximum | Portfolio loans | Prepayment rate (SMM) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.243
|
0.145
|
| Maximum | Portfolio loans | Default rate (CDR) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
|
0.540
|
| Maximum | Performing/Nonperforming HECM securitizations | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.222
|
0.544
|
| Maximum | Performing/Nonperforming HECM securitizations | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
1.6
|
0.8
|
| Maximum | Securitized non-agency reverse | Conditional repayment rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.461
|
0.359
|
| Maximum | Securitized non-agency reverse | Weighted average remaining life (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
11.7
|
2.3
|
| Maximum | Nonrecourse MSR financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Servicing liability, measurement input |
0.120
|
0.101
|
| Maximum | Nonrecourse MSR financing liability | Weighted average prepayment speed (CPR) |
|
|
| Unobservable Assumptions |
|
|
| Servicing liability, measurement input |
0.092
|
0.110
|