XML 90 R73.htm IDEA: XBRL DOCUMENT v3.22.2
Derivative Financial Instruments - Other Information (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Derivative assets:          
Derivative asset, before netting $ 190,460,000   $ 190,460,000   $ 398,672,000
Netting (86,559,000)   (86,559,000)   (64,977,000)
Total derivative assets 103,901,000   103,901,000   333,695,000
Derivative liabilities:          
Derivative liability, before netting 108,027,000   108,027,000   54,702,000
Netting (65,325,000)   (65,325,000)   (32,096,000)
Net amounts of liabilities presented in the consolidated balance sheet 42,702,000   42,702,000   22,606,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Gains (losses) recognized on derivative financial instruments (176,005,000) $ 91,118,000 (393,865,000) $ (351,033,000)  
Net gains on loans held for sale at fair value | Interest rate lock commitments and loans held for sale          
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Gains (losses) recognized on derivative financial instruments 296,290,000 (167,734,000) 997,069,000 294,804  
Net loan servicing fees | Mortgage servicing rights          
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Gains (losses) recognized on derivative financial instruments (176,005,000) 91,118,000 (393,865,000) (351,033)  
Margin Deposits          
Derivative assets:          
Collateral placed with (received from) derivative counterparties 21,234,000   21,234,000   32,881,000
Interest rate lock commitments          
Derivative assets:          
Total derivative assets 70,685,000   70,685,000   323,473,000
Interest rate lock commitments | Net gains on loans held for sale at fair value          
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Gains (losses) recognized on derivative financial instruments 27,251,000 $ 5,670,000 (257,043,000) $ (333,416)  
Forward contracts | Purchases          
Derivative Instruments          
Notional amount 9,437,616,000   9,437,616,000   22,007,383,000
Derivative assets:          
Derivative asset, before netting 61,855,000   61,855,000   20,485,000
Derivative liabilities:          
Derivative liability, before netting 13,005,000   13,005,000   18,007,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     22,007,383,000    
Balance at end of period 9,437,616,000   9,437,616,000    
Forward contracts | Sales          
Derivative Instruments          
Notional amount 14,556,614,000   14,556,614,000   34,429,676,000
Derivative assets:          
Derivative asset, before netting 24,499,000   24,499,000   40,215,000
Derivative liabilities:          
Derivative liability, before netting 89,488,000   89,488,000   35,415,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     34,429,676,000    
Balance at end of period 14,556,614,000   14,556,614,000    
MBS put options          
Derivative Instruments          
Notional amount 2,600,000,000   2,600,000,000   9,550,000,000
Derivative assets:          
Derivative asset, before netting 7,868,000   7,868,000   7,655,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     9,550,000,000    
Balance at end of period 2,600,000,000   2,600,000,000    
Swaptions | Purchases          
Derivative Instruments          
Notional amount         5,375,000,000
Derivative assets:          
Derivative asset, before netting         1,625,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     5,375,000,000    
Put options on Eurodollar futures | Purchases          
Derivative Instruments          
Notional amount 3,175,000,000   3,175,000,000   2,450,000,000
Derivative assets:          
Derivative asset, before netting 11,844,000   11,844,000   3,141,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     2,450,000,000    
Balance at end of period 3,175,000,000   3,175,000,000    
Call options on Eurodollar futures | Purchases          
Derivative Instruments          
Notional amount 2,405,000,000   2,405,000,000   1,250,000,000
Derivative assets:          
Derivative asset, before netting 13,709,000   13,709,000   2,078,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     1,250,000,000    
Balance at end of period 2,405,000,000   2,405,000,000    
Treasury future | Purchases          
Derivative Instruments          
Notional amount 2,861,700,000   2,861,700,000   1,544,800,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     1,544,800,000    
Balance at end of period 2,861,700,000   2,861,700,000    
Treasury future | Sales          
Derivative Instruments          
Notional amount 3,886,900,000   3,886,900,000   1,925,000,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     1,925,000,000    
Balance at end of period 3,886,900,000   3,886,900,000    
Interest rate swap futures | Purchases          
Derivative Instruments          
Notional amount         3,010,600,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     3,010,600,000    
Interest rate swap futures | Sales          
Derivative Instruments          
Notional amount         2,187,200,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     2,187,200,000    
Not designated as hedging instrument | Interest rate lock commitments          
Derivative Instruments          
Notional amount 7,665,657,000   7,665,657,000   14,111,795,000
Derivative assets:          
Derivative asset, before netting 70,685,000   70,685,000   323,473,000
Derivative liabilities:          
Derivative liability, before netting 5,534,000   5,534,000   $ 1,280,000
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value          
Balance at beginning of period     14,111,795,000    
Balance at end of period $ 7,665,657,000   $ 7,665,657,000