Fair Value - Weighted Average Unobservable Assumptions Used In The Fair Value Measurements (Details)
|
Sep. 30, 2023 |
Dec. 31, 2022 |
| Weighted Average | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
0.079
|
0.069
|
| Weighted Average | Discount rate | TRA obligation |
|
|
| Unobservable Assumptions |
|
|
| Deferred purchase price liabilities, measurement input |
0.299
|
0.483
|
| Weighted Average | Discount rate | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.135
|
0.101
|
| Weighted Average | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
3.9
|
4.9
|
| Weighted Average | Weighted average CPR | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.077
|
0.064
|
| Weighted Average | Pull-through factor |
|
|
| Unobservable Assumptions |
|
|
| Sale commitment liability, measurement input |
0.86
|
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.211
|
0.219
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.041
|
0.041
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.025
|
0.027
|
| Weighted Average | Loans held for investment, subject to HMBS related obligations | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.057
|
0.050
|
| 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) | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.386
|
0.392
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.505
|
0.517
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.055
|
0.052
|
| Weighted Average | HECM buyouts - securitized (nonperforming) | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.095
|
0.087
|
| Weighted Average | HECM buyouts - securitized (performing) | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.154
|
0.152
|
| Weighted Average | HECM buyouts - securitized (performing) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.059
|
0.048
|
| Weighted Average | HECM buyouts - securitized (performing) | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.090
|
0.082
|
| Weighted Average | HECM buyouts - securitized (performing) | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
7.5
|
8.0
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.146
|
0.143
|
| 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 |
0.077
|
0.071
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
10.0
|
9.7
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | LTV |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.460
|
0.431
|
| Weighted Average | Non-agency reverse mortgage loans - securitized | HPA |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.033
|
0.038
|
| Weighted Average | Fix & flip mortgage loans - securitized | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.167
|
0.175
|
| Weighted Average | Fix & flip mortgage loans - securitized | SMM |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.110
|
0.112
|
| Weighted Average | Fix & flip mortgage loans - securitized | Loss rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.012
|
0.005
|
| Weighted Average | Inventory buy-outs | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.405
|
0.413
|
| Weighted Average | Inventory buy-outs | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.490
|
0.476
|
| Weighted Average | Inventory buy-outs | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.039
|
0.056
|
| Weighted Average | Inventory buy-outs | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.095
|
0.087
|
| Weighted Average | Non-agency reverse mortgage loans | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.147
|
0.138
|
| 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 |
0.077
|
0.071
|
| Weighted Average | Non-agency reverse mortgage loans | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
11.7
|
12.0
|
| Weighted Average | Non-agency reverse mortgage loans | LTV |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.323
|
0.364
|
| Weighted Average | Non-agency reverse mortgage loans | HPA |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.032
|
0.036
|
| Weighted Average | Fix & flip mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.182
|
0.166
|
| Weighted Average | Fix & flip mortgage loans | SMM |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.144
|
0.095
|
| Weighted Average | Fix & flip mortgage loans | Loss rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.071
|
0.002
|
| Weighted Average | Agricultural loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.102
|
0.097
|
| Weighted Average | Agricultural loans | SMM |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
1.000
|
0.118
|
| Weighted Average | Agricultural loans | CDR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.009
|
0.009
|
| Weighted Average | SRL | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.219
|
0.197
|
| Weighted Average | SRL | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.103
|
0.083
|
| Weighted Average | SRL | CDR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.010
|
0.010
|
| Weighted Average | Portfolio loans | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.000
|
0.184
|
| Weighted Average | Portfolio loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.107
|
0.109
|
| Weighted Average | Portfolio loans | CDR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.010
|
0.010
|
| Weighted Average | HMBS related obligations | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.246
|
0.218
|
| Weighted Average | HMBS related obligations | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.057
|
0.050
|
| Weighted Average | Performing/Nonperforming HECM securitizations | CPR |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.191
|
0.211
|
| Weighted Average | Performing/Nonperforming HECM securitizations | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.103
|
0.086
|
| Weighted Average | Performing/Nonperforming HECM securitizations | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
1.0
|
1.6
|
| Weighted Average | Securitized non-agency reverse | CPR |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.157
|
0.165
|
| Weighted Average | Securitized non-agency reverse | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.078
|
0.072
|
| Weighted Average | Securitized non-agency reverse | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
7.2
|
6.4
|
| Weighted Average | Nonrecourse commercial loan financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.092
|
0.145
|
| Weighted Average | Nonrecourse commercial loan financing liability | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
2.7
|
4.3
|
| Weighted Average | Nonrecourse commercial loan financing liability | Weighted average SMM |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.262
|
0.153
|
| Weighted Average | Nonrecourse MSR financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Servicing Liability, Measurement Input |
|
0.102
|
| Weighted Average | Nonrecourse MSR financing liability | Weighted average CPR |
|
|
| Unobservable Assumptions |
|
|
| Servicing Liability, Measurement Input |
|
0.051
|
| Minimum | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
(0.349)
|
(0.168)
|
| Minimum | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
2.1
|
2.4
|
| Minimum | Weighted average CPR | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.023
|
0.010
|
| Minimum | Loans held for investment, subject to HMBS related obligations | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.024
|
| Minimum | HECM buyouts - securitized (nonperforming) | Loss frequency |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.231
|
0.231
|
| Minimum | HECM buyouts - securitized (nonperforming) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.024
|
| Minimum | HECM buyouts - securitized (performing) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.024
|
| Minimum | Non-agency reverse mortgage loans - securitized | LTV |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.000
|
0.000
|
| Minimum | Non-agency reverse mortgage loans - securitized | HPA |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
(0.090)
|
(0.101)
|
| Minimum | Inventory buy-outs | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.024
|
0.024
|
| Minimum | Non-agency reverse mortgage loans | LTV |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.052
|
0.001
|
| Minimum | Non-agency reverse mortgage loans | HPA |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
(0.090)
|
(0.101)
|
| Minimum | Fix & flip mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.139
|
0.163
|
| Minimum | Agricultural loans | SMM |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
|
0.110
|
| Minimum | Agricultural loans | CDR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
|
0.000
|
| Minimum | SRL | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.204
|
0.185
|
| Minimum | Portfolio loans | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
|
0.000
|
| Minimum | Performing/Nonperforming HECM securitizations | CPR |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.183
|
0.199
|
| Minimum | Performing/Nonperforming HECM securitizations | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
1.0
|
1.5
|
| Minimum | Securitized non-agency reverse | CPR |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.103
|
0.083
|
| Minimum | Securitized non-agency reverse | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.2
|
0.2
|
| Minimum | Nonrecourse MSR financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Servicing Liability, Measurement Input |
|
0.100
|
| Minimum | Nonrecourse MSR financing liability | Weighted average CPR |
|
|
| Unobservable Assumptions |
|
|
| Servicing Liability, Measurement Input |
|
0.008
|
| Maximum | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
0.162
|
0.122
|
| Maximum | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Retained bonds, measurement input |
23.6
|
24.1
|
| Maximum | Weighted average CPR | MSR |
|
|
| Unobservable Assumptions |
|
|
| Mortgage servicing rights, measurement input |
0.125
|
0.085
|
| Maximum | Loans held for investment, subject to HMBS related obligations | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.123
|
0.121
|
| 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 |
0.123
|
0.121
|
| Maximum | HECM buyouts - securitized (performing) | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.123
|
0.121
|
| Maximum | Non-agency reverse mortgage loans - securitized | LTV |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.786
|
0.747
|
| Maximum | Non-agency reverse mortgage loans - securitized | HPA |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.082
|
0.073
|
| Maximum | Inventory buy-outs | Loss severity |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.123
|
0.121
|
| Maximum | Non-agency reverse mortgage loans | LTV |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.580
|
0.679
|
| Maximum | Non-agency reverse mortgage loans | HPA |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.082
|
0.073
|
| Maximum | Fix & flip mortgage loans | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
0.216
|
0.258
|
| Maximum | Agricultural loans | SMM |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
|
1.000
|
| Maximum | Agricultural loans | CDR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-investment, measurement input |
|
0.010
|
| Maximum | SRL | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
0.250
|
0.250
|
| Maximum | Portfolio loans | CPR |
|
|
| Unobservable Assumptions |
|
|
| Loans held-for-sale, measurement input |
|
0.243
|
| Maximum | Performing/Nonperforming HECM securitizations | CPR |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.198
|
0.222
|
| Maximum | Performing/Nonperforming HECM securitizations | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
1.1
|
1.6
|
| Maximum | Securitized non-agency reverse | CPR |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
0.492
|
0.461
|
| Maximum | Securitized non-agency reverse | WAL (in years) |
|
|
| Unobservable Assumptions |
|
|
| Long-term debt, measurement input |
11.3
|
11.7
|
| Maximum | Nonrecourse MSR financing liability | Discount rate |
|
|
| Unobservable Assumptions |
|
|
| Servicing Liability, Measurement Input |
|
0.120
|
| Maximum | Nonrecourse MSR financing liability | Weighted average CPR |
|
|
| Unobservable Assumptions |
|
|
| Servicing Liability, Measurement Input |
|
0.092
|