XML 92 R64.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value - Level 3 Input Roll Forward, Recurring Basis (Details) - Recurring basis - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Roll forward of assets measured using Level 3 inputs on a recurring basis    
Balance at the beginning of the year $ 6,325,237 $ 5,329,147
Purchases and issuances, net 500,158 2,296,087
Capitalization of interest and advances 7,655 32,111
Sales and repayments (123,090) (1,134,992)
Mortgage servicing rights resulting from loan sales 286,533 616,302
Changes in fair value included in income arising from:    
Changes in instrument specific credit risk 9,543 (5,816)
Other factors (163,327) (199,114)
Total changes in fair value included in income (153,784) (204,930)
Transfers from Level 3 to Level 2 (365,714) (1,365,971)
Transfers to real estate acquired in settlement of loans (52)  
Transfers to loans held for sale (101,918) (46,226)
Balance at the end of the year 6,375,025 5,521,528
Changes in fair value recognized during the period relating to assets still held at the end of the year (169,273) 233,466
Excess servicing spread financing    
Roll forward of liabilities measured using Level 3 inputs on a recurring basis    
Balance at the beginning of the year 2,096  
Changes in fair value included in income (85)  
Balance at the end of the year 2,011  
Changes in fair value recognized during the period relating to liability still outstanding at the end of the year (85)  
Mortgage servicing liabilities    
Roll forward of liabilities measured using Level 3 inputs on a recurring basis    
Balance at the beginning of the year   2,816
Changes in fair value included in income   (252)
Balance at the end of the year   2,564
Changes in fair value recognized during the period relating to liability still outstanding at the end of the year   (252)
Mortgage loans held for sale    
Roll forward of assets measured using Level 3 inputs on a recurring basis    
Balance at the beginning of the year 345,772 1,128,876
Purchases and issuances, net 437,650 2,134,778
Capitalization of interest and advances 7,655 32,111
Sales and repayments (122,858) (1,134,992)
Changes in fair value included in income arising from:    
Changes in instrument specific credit risk 9,543 (5,816)
Other factors 793 (12,396)
Total changes in fair value included in income 10,336 (18,212)
Transfers from Level 3 to Level 2 (365,714) (1,365,971)
Transfers to real estate acquired in settlement of loans (52)  
Balance at the end of the year 312,789 776,590
Changes in fair value recognized during the period relating to assets still held at the end of the year 8,413 (17,092)
Interest rate lock commitments    
Roll forward of assets measured using Level 3 inputs on a recurring basis    
Balance at the beginning of the year 25,844 322,193
Purchases and issuances, net 62,508 161,309
Changes in fair value included in income arising from:    
Other factors 72,412 (399,377)
Total changes in fair value included in income 72,412 (399,377)
Transfers to loans held for sale (101,918) (46,226)
Balance at the end of the year 58,846 37,899
Changes in fair value recognized during the period relating to assets still held at the end of the year 58,846 37,899
Mortgage servicing rights    
Roll forward of assets measured using Level 3 inputs on a recurring basis    
Balance at the beginning of the year 5,953,621 3,878,078
Sales and repayments (232)  
Mortgage servicing rights resulting from loan sales 286,533 616,302
Changes in fair value included in income arising from:    
Other factors (236,532) 212,659
Total changes in fair value included in income (236,532) 212,659
Balance at the end of the year 6,003,390 4,707,039
Changes in fair value recognized during the period relating to assets still held at the end of the year $ (236,532) $ 212,659