XML 148 R133.htm IDEA: XBRL DOCUMENT v3.25.0.1
FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Purchases, Sales and Repayments:    
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Realized and unrealized gains (losses), net
Fair Value, Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other income (loss), net
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]   Unrealized gain (loss) on available-for-sale securities, net of tax
Recurring Basis    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning $ 14,427,743 $ 13,558,824
Transfers:    
Transfers from Level 3 (452,730) (41,430)
Transfers to Level 3 605,285 22,565
Sculptor Acquisition (Note 3) 699,175 216,229
Gain (Loss) Included in Net Income:    
Credit losses on securities (936) 2,951
Included in servicing revenue (191,654) (565,684)
Other factors 32,630 (241)
Instrument-specific credit risk (16,277) 12,191
Gain (loss) on settlement of investments, net 792 615
Other income (loss), net (14,245) 69,647
Gains (losses) included in OCI 3,084 13,118
Interest income 110,280 91,626
Purchases, Sales and Repayments:    
Purchases, net 2,026,694 2,772,795
Sales and settlement fundings (438,539) (933,321)
Proceeds from repayments (3,722,321) (3,690,493)
Originations and other 4,287,226 2,898,351
Balance, ending 17,356,207 14,427,743
Recurring Basis | Excess MSRs    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 271,150 321,803
Transfers:    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) (1,032) 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors 12,437 (12,712)
Instrument-specific credit risk 0 0
Gain (loss) on settlement of investments, net (656) 615
Other income (loss), net 0 (348)
Gains (losses) included in OCI 0 0
Interest income 29,815 18,310
Purchases, Sales and Repayments:    
Purchases, net 122,887 0
Sales and settlement fundings (499) (4,212)
Proceeds from repayments (64,940) (52,306)
Originations and other 0 0
Balance, ending 369,162 271,150
Recurring Basis | MSRs And MSR Financing Receivables    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 8,405,938 8,889,403
Transfers:    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) 700,207 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue (191,654) (565,684)
Other factors 0 0
Instrument-specific credit risk 0 0
Gain (loss) on settlement of investments, net 0 0
Other income (loss), net 0 0
Gains (losses) included in OCI 0 0
Interest income 0 0
Purchases, Sales and Repayments:    
Purchases, net 0 0
Sales and settlement fundings 11,026 (704,436)
Proceeds from repayments 0 0
Originations and other 1,396,154 786,655
Balance, ending 10,321,671 8,405,938
Recurring Basis | Servicer Advances    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 376,881 398,820
Transfers:    
Transfers from Level 3 (7,873) 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) 0 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors (2,526) 8,049
Instrument-specific credit risk 0 0
Gain (loss) on settlement of investments, net 0 0
Other income (loss), net 0 0
Gains (losses) included in OCI 0 0
Interest income 24,263 22,180
Purchases, Sales and Repayments:    
Purchases, net 781,896 852,015
Sales and settlement fundings 0 0
Proceeds from repayments (832,995) (904,183)
Originations and other 0 0
Balance, ending 339,646 376,881
Recurring Basis | non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 577,543 614,472
Transfers:    
Transfers from Level 3 (7,384) 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) 0 0
Gain (Loss) Included in Net Income:    
Credit losses on securities (936) 2,951
Included in servicing revenue 0 0
Other factors 5,486 0
Instrument-specific credit risk 0 0
Gain (loss) on settlement of investments, net (137) 0
Other income (loss), net 0 7,798
Gains (losses) included in OCI 8,438 5,466
Interest income 27,750 12,929
Purchases, Sales and Repayments:    
Purchases, net 51,536 17,362
Sales and settlement fundings 0 0
Proceeds from repayments (109,499) (83,435)
Originations and other 0 0
Balance, ending 552,797 577,543
Recurring Basis | CLOs And Consolidated Funds    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 226,486 0
Transfers:    
Transfers from Level 3 (219,832) 0
Transfers to Level 3 519,496 0
Sculptor Acquisition (Note 3) 0 216,229
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors 2,888 0
Instrument-specific credit risk 0 0
Gain (loss) on settlement of investments, net 1,585 0
Other income (loss), net 2,382 2,852
Gains (losses) included in OCI (5,354) 7,652
Interest income 0 0
Purchases, Sales and Repayments:    
Purchases, net 598,386 471
Sales and settlement fundings (284,667) 0
Proceeds from repayments (30,939) (718)
Originations and other 0 0
Balance, ending 810,431 226,486
Recurring Basis | Residential Mortgage Loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 513,381 713,896
Transfers:    
Transfers from Level 3 (217,641) (41,430)
Transfers to Level 3 85,789 22,565
Sculptor Acquisition (Note 3) 0 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors 13,624 3,677
Instrument-specific credit risk 27,151 11,234
Gain (loss) on settlement of investments, net 0 0
Other income (loss), net 10,957 44,694
Gains (losses) included in OCI 0 0
Interest income 0 0
Purchases, Sales and Repayments:    
Purchases, net 248,952 38,992
Sales and settlement fundings (188,490) (252,183)
Proceeds from repayments (68,639) (91,249)
Originations and other 30,642 63,185
Balance, ending 455,726 513,381
Recurring Basis | Consumer Loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 1,274,005 363,756
Transfers:    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) 0 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors (47,950) (27,158)
Instrument-specific credit risk (51,977) 957
Gain (loss) on settlement of investments, net 0 0
Other income (loss), net 0 0
Gains (losses) included in OCI 0 0
Interest income 27,914 37,717
Purchases, Sales and Repayments:    
Purchases, net 0 1,317,347
Sales and settlement fundings 24,091 27,510
Proceeds from repayments (560,518) (446,124)
Originations and other 0 0
Balance, ending 665,565 1,274,005
Recurring Basis | Other Assets    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 549,446 192,646
Transfers:    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) 0 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors 23,091 27,903
Instrument-specific credit risk 0 0
Gain (loss) on settlement of investments, net 0 0
Other income (loss), net (27,584) 15,018
Gains (losses) included in OCI 0 0
Interest income 538 490
Purchases, Sales and Repayments:    
Purchases, net 223,037 399,977
Sales and settlement fundings 0 0
Proceeds from repayments (67,539) (86,588)
Originations and other (47) 0
Balance, ending 700,942 549,446
Recurring Basis | Residential Transitional Lending    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 2,232,913 2,064,028
Transfers:    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Sculptor Acquisition (Note 3) 0 0
Gain (Loss) Included in Net Income:    
Credit losses on securities 0 0
Included in servicing revenue 0 0
Other factors 25,580 0
Instrument-specific credit risk 8,549 0
Gain (loss) on settlement of investments, net 0 0
Other income (loss), net 0 (367)
Gains (losses) included in OCI 0 0
Interest income 0 0
Purchases, Sales and Repayments:    
Purchases, net 0 146,631
Sales and settlement fundings 0 0
Proceeds from repayments (1,987,252) (2,025,890)
Originations and other 2,860,477 2,048,511
Balance, ending $ 3,140,267 $ 2,232,913