XML 59 R49.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value of Financial Instruments - Changes in Recurring Fair Value Measurements Included in Earnings (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of net trust assets, excluding trust REO     $ 6,412 $ 3,043  
Securitized mortgage collateral          
Difference between aggregate unpaid principal balance and fair value of securitized mortgage collateral $ (2,952)   (2,952)   $ 20,250
Securitized Mortgage Borrowings          
Outstanding principal balance of securitized mortgage borrowings 146,180   146,180   4,931,849
Derivative liabilities, net, securitized trusts | TBA's          
Derivative assets and liabilities          
Derivative Liability, Notional Amount         485,459
Total Gains (Losses) (113) $ (2,410) (10,384) (3,886)  
Derivative assets - IRLCs | Interest rate lock commitments. net (IRLCs)          
Derivative assets and liabilities          
Derivative Assets, Notional Balance 103,148   103,148   419,035
Total Gains (Losses) 936 5,285 (5,992) 5,098  
Mortgage loans held-for-sale | Forward delivery loan commitment          
Derivative assets and liabilities          
Derivative Assets, Notional Balance         232,530
Recurring basis          
Change in Fair Value Included in Net Earnings (Loss)          
Total (3,655) (2,697) (84,210) (19,631)  
Recurring basis | Interest Income          
Change in Fair Value Included in Net Earnings (Loss)          
Total 6,915 3,950 2,108 10,206  
Recurring basis | Interest Expense          
Change in Fair Value Included in Net Earnings (Loss)          
Total (24,162) (10,306) (34,249) (23,974)  
Recurring basis | Change in Fair Value of Net Trust Assets          
Change in Fair Value Included in Net Earnings (Loss)          
Total (2,316) 3,113 (6,412) (3,043)  
Recurring basis | Change in Fair Value of Long-term Debt          
Change in Fair Value Included in Net Earnings (Loss)          
Total (4,208) 388 4,828 654  
Recurring basis | Other Revenue and Expense          
Change in Fair Value Included in Net Earnings (Loss)          
Total (3,111) (9,881) (21,942) (16,374)  
Recurring basis | (Loss) Gain on Sale of Loans, net          
Change in Fair Value Included in Net Earnings (Loss)          
Total 23,227 10,039 (28,543) 12,900  
Recurring basis | Hedging Instruments          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities   (110) 651    
Recurring basis | Hedging Instruments | (Loss) Gain on Sale of Loans, net          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities   (110) 651    
Recurring basis | Securitized mortgage borrowings          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities (101,282) (47,643) 134,076 (88,436)  
Recurring basis | Securitized mortgage borrowings | Interest Expense          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities (24,005) (10,198) (33,931) (23,751)  
Recurring basis | Securitized mortgage borrowings | Change in Fair Value of Net Trust Assets          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities (77,277) (37,445) 168,007 (64,685)  
Recurring basis | Derivative liabilities, net, securitized trusts | Hedging Instruments          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities       (532)  
Recurring basis | Derivative liabilities, net, securitized trusts | Hedging Instruments | (Loss) Gain on Sale of Loans, net          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities       (532)  
Recurring basis | Long-term debt          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities (4,365) 280 4,510 431  
Recurring basis | Long-term debt | Interest Expense          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities (157) (108) (318) (223)  
Recurring basis | Long-term debt | Change in Fair Value of Long-term Debt          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of liabilities (4,208) 388 4,828 654  
Recurring basis | Securitized mortgage collateral          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 81,876   (172,311) 71,848  
Recurring basis | Securitized mortgage collateral | Interest Income          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 6,915   2,108 10,206  
Recurring basis | Securitized mortgage collateral | Change in Fair Value of Net Trust Assets          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 74,961   (174,419) 61,642  
Recurring basis | Securitized mortgage collateral | Securitized mortgage borrowings          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets   44,508      
Recurring basis | Securitized mortgage collateral | Securitized mortgage borrowings | Interest Income          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets   3,950      
Recurring basis | Securitized mortgage collateral | Securitized mortgage borrowings | Change in Fair Value of Net Trust Assets          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets   40,558      
Recurring basis | Mortgage servicing rights          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets (3,111) (9,881) (21,942) (16,374)  
Recurring basis | Mortgage servicing rights | Other Revenue and Expense          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets (3,111) (9,881) (21,942) (16,374)  
Recurring basis | Derivative assets - IRLCs          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 936 5,285 (5,992) 5,098  
Recurring basis | Derivative assets - IRLCs | (Loss) Gain on Sale of Loans, net          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 936 5,285 (5,992) 5,098  
Recurring basis | Mortgage loans held-for-sale          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 22,291 4,864 (23,202) 8,334  
Recurring basis | Mortgage loans held-for-sale | (Loss) Gain on Sale of Loans, net          
Change in Fair Value Included in Net Earnings (Loss)          
Change in fair value of assets 22,291 $ 4,864 (23,202) $ 8,334  
Recurring basis | Level 3          
Long-term debt          
Estimated fair value of long-term debt 41,811   41,811   $ 45,434
Recurring basis | Level 3 | Long-term debt          
Long-term debt          
Long-term debt unpaid principal balance 62,000   62,000    
Estimated fair value of long-term debt 41,800   41,800    
Difference between aggregate unpaid principal balances and fair value of long-term debt 20,200   20,200    
Recurring basis | Level 3 | Securitized mortgage collateral          
Securitized mortgage collateral          
Unpaid principal balance of securitized mortgage collateral 2,600,000   2,600,000    
Estimated fair value of securitized mortgage collateral 2,200,000   2,200,000    
Difference between aggregate unpaid principal balance and fair value of securitized mortgage collateral 400   400    
Unpaid principal balance of loans 90 days or more past due 400,000   400,000    
Estimated fair value of loans 90 days or more past due 100,000   100,000    
Difference between aggregate unpaid principal balances and fair value of mortgage loans 300,000   300,000    
Securitized Mortgage Borrowings          
Outstanding principal balance of securitized mortgage borrowings 2,600,000   2,600,000    
Estimated fair value of securitized mortgage borrowings 2,200,000   2,200,000    
Bond losses 2,200,000   2,200,000    
Difference between aggregate unpaid principal balances and fair value of securitized mortgage borrowings $ 400,000   $ 400,000