Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.1.1.u2
Fair Value - Assets and Liabilities Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs (Details) - Level 3 - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Loans held for investment    
Assets    
Beginning balance $ 18,123,991 $ 12,022,098
Total gain (loss) included in earnings 604,482 244,759
Purchases and additions 684,204 6,462,274
Sales and settlements (551,350) (406,942)
Transfers in (out) between categories (274,645) (961,660)
Ending balance 18,586,682 17,360,529
Loans held for investment, subject to nonrecourse debt    
Assets    
Beginning balance 8,272,393 7,454,638
Total gain (loss) included in earnings 23,599 298,636
Purchases and additions 10,522 26,981
Sales and settlements (188,219) (333,324)
Transfers in (out) between categories 289,307 927,896
Ending balance 8,407,602 8,374,827
Loans held for sale    
Assets    
Beginning balance   161,861
Total gain (loss) included in earnings   (828)
Purchases and additions   40,468
Sales and settlements   (198,338)
Transfers in (out) between categories   15,580
Ending balance   18,743
MSR    
Assets    
Beginning balance 6,436 95,096
Total gain (loss) included in earnings (920) (1,369)
Purchases and additions 0 405
Sales and settlements (4,733) (80,419)
Transfers in (out) between categories 0 0
Ending balance 783 13,713
Retained bonds    
Assets    
Beginning balance 44,297 46,439
Total gain (loss) included in earnings (742) 1,031
Purchases and additions 0 0
Sales and settlements (649) (422)
Transfers in (out) between categories 0 0
Ending balance 42,906 47,048
Purchase commitments    
Assets    
Beginning balance   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 (487,559) (147,451)
Purchases and additions (468,520) (5,648,041)
Settlements 482,739 384,618
Ending balance (17,827,060) (16,407,629)
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 (55,487) (237,315)
Purchases and additions (128,185) (639,499)
Settlements 177,132 96,796
Ending balance (7,883,472) (7,955,875)
Nonrecourse commercial loan financing liability    
Liabilities    
Beginning balance (27,268) (106,758)
Total gain (loss) included in earnings 8,863 381
Purchases and additions 0 (22,600)
Settlements 3,981 53,288
Ending balance (14,424) (75,689)
Nonrecourse MSR financing liability    
Liabilities    
Beginning balance   (60,562)
Total gain (loss) included in earnings   748
Purchases and additions   0
Settlements   58,826
Ending balance   (988)
Deferred purchase price liabilities    
Liabilities    
Beginning balance (4,318) (137)
Total gain (loss) included in earnings 1,524 0
Purchases and additions 0 (4,385)
Settlements 0 0
Ending balance (2,794) (4,522)
TRA obligation    
Liabilities    
Beginning balance (4,537) (3,781)
Total gain (loss) included in earnings (287) 1,579
Purchases and additions 0 0
Settlements 0 0
Ending balance $ (4,824) $ (2,202)