XML 99 R88.htm IDEA: XBRL DOCUMENT v3.22.2.2
Long-Term Debt - Note Payable (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
During the period:          
Unpaid principal balance $ 3,490,082,000   $ 3,490,082,000    
Carrying value:          
Notes payable 1,793,972,000   1,793,972,000   $ 1,297,622,000
Unsecured senior notes 1,778,988,000   1,778,988,000   1,776,219,000
Note Payable          
During the period:          
Average balance $ 1,800,000,000 $ 1,300,000,000 $ 1,510,623,000 $ 1,300,000,000  
Weighted-average interest rate (as a percent) 5.31% 2.87% 4.13% 2.89%  
Total interest expense $ 24,795,000 $ 9,896,000 $ 48,360,000 $ 29,888,000  
Carrying value:          
Unpaid principal balance 1,800,000,000   1,800,000,000   1,300,000,000
Unamortized debt issuance costs (6,028,000)   (6,028,000)   (2,378,000)
Notes payable $ 1,793,972,000   $ 1,793,972,000   $ 1,297,622,000
Weighted-average interest rate (as a percent) 6.12%   6.12%   2.84%
Amortization of Financing Costs $ 726,000 570,000 $ 1,700,000 1,700,000  
Notes payable          
Maximum loan amount 1,800,000,000   $ 1,800,000,000    
Debt instrument option to extend period     2 years    
Note Payable | Mortgage servicing rights          
Carrying value:          
Assets pledged to secure 5,089,648,000   $ 5,089,648,000   $ 3,856,791,000
Note Payable | Servicing advances          
Carrying value:          
Assets pledged to secure 253,370,000   253,370,000   232,107,000
Note Payable | Deposits          
Carrying value:          
Assets pledged to secure 9,886,000   $ 9,886,000   36,632,000
Notes Payable Term Loan 2018-GT1          
Notes payable          
Debt instrument option to extend period     2 years    
Notes Payable Term Loan 2018-GT1 | SOFR          
Notes payable          
Maximum loan amount 650,000,000   $ 650,000,000    
Interest rate spread     2.85%    
Notes Payable Term Loan 2018-GT2          
Notes payable          
Debt instrument option to extend period     2 years    
Notes Payable Term Loan 2018-GT2 | SOFR          
Notes payable          
Maximum loan amount 650,000,000   $ 650,000,000    
Interest rate spread     2.65%    
Notes Payable Term Loan 2022-GT1 | SOFR          
Long-Term debt          
Maximum loan amount 500,000,000   $ 500,000,000    
Notes payable          
Interest rate spread     4.25%    
Unsecured Senior Note          
During the period:          
Average balance $ 1,800,000,000 $ 1,381,522,000 $ 1,800,000,000 $ 1,229,853,000  
Weighted-average interest rate (as a percent) 5.07% 4.91% 5.07% 4.86%  
Total interest expense $ 23,949,000 $ 17,442,000 $ 71,065,000 $ 46,281,000  
Unpaid principal balance 1,800,000,000   1,800,000,000   1,800,000,000
Unamortized debt issuance costs and premiums (21,012,000)   (21,012,000)   (23,781,000)
Debt Instrument Unamortized Premium And Debt Issuance Costs Net $ 1,778,988,000   $ 1,778,988,000   $ 1,776,219,000
Weighted average interest rate (as a percent) 5.07%   5.07%   5.07%
Carrying value:          
Amortization of Financing Costs $ 933,000 $ 492,000 $ 2,800,000 $ 1,400,000  
Notes payable          
Maximum loan amount 1,800,000,000   $ 1,800,000,000    
Redemption rate (as a percent)     100.00%    
Unsecured Senior Note | Before October 15, 2022 with up to 40% principal redeemed          
Notes payable          
Redemption rate (as a percent)     40.00%    
Unsecured Senior Notes One Due October 2025          
Notes payable          
Maximum loan amount 500,000,000   $ 500,000,000    
Interest rate spread     5.38%    
Unsecured Senior Notes Two Due October 2025          
Notes payable          
Maximum loan amount 150,000,000   $ 150,000,000    
Interest rate spread     5.38%    
Unsecured Senior Notes Due February 2029          
Notes payable          
Maximum loan amount 650,000,000   $ 650,000,000    
Interest rate spread     4.25%    
Unsecured Senior Notes Due September 2031          
Notes payable          
Maximum loan amount $ 500,000,000   $ 500,000,000    
Interest rate spread     5.75%