Quarterly report pursuant to Section 13 or 15(d)

Fair Value - Summary of Components of Net Fair Value Gains On Loans and Related Obligations (Details)

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Fair Value - Summary of Components of Net Fair Value Gains On Loans and Related Obligations (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Fair Value Disclosures [Abstract]    
Net origination gains $ 39,657 $ 24,475
Interest income on mortgage loans 460,034 309,494
Interest expense on HMBS and nonrecourse obligations (373,736) (224,391)
Servicing related income, net 10,726 4,391
Fair value changes from model amortization (57,608) (50,266)
Net fair value gains from portfolio activity 39,416 39,228
Net fair value gains from changes in market inputs or model assumptions 13,562 112,691
Net fair value gains on loans and related obligations $ 92,635 $ 176,394