XML 115 R87.htm IDEA: XBRL DOCUMENT v3.23.1
Long-Term Debt - Note Payable (Details) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 16, 2022
During the period:        
Unpaid principal balance $ 5,768,570,000      
Carrying value:        
Notes payable 2,471,930,000   $ 1,942,646,000  
Unsecured senior notes 1,780,833,000   1,779,920,000  
Servicing advances, net 547,158,000   696,753,000  
Mortgage servicing rights, at fair value 6,003,390,000   5,953,621,000  
Other Assets 513,241,000   417,907,000  
Notes payable        
Repayments of notes payable 150,000,000      
Asset Pledged as Collateral without Right        
Carrying value:        
Servicing advances, net 315,323,000   381,379,000  
Mortgage servicing rights, at fair value 5,954,749,000   5,897,613,000  
Other Assets $ 31,909,000   $ 12,277,000  
Asset Pledged as Collateral without Right | Mortgage servicing rights        
Carrying value:        
Assets, Pledging Purpose [Extensible Enumeration] Notes payable   Notes payable  
Asset Pledged as Collateral without Right | Deposits.        
Carrying value:        
Other Assets $ 31,909,000   $ 12,277,000  
Note Payable        
During the period:        
Average balance $ 2,092,056,000 $ 1,300,000,000    
Weighted-average interest rate (as a percent) 7.72% 2.95%    
Total interest expense $ 40,778,000 $ 9,909,000    
Carrying value:        
Unpaid principal balance 2,480,000,000   1,950,000,000  
Unamortized debt issuance costs (8,070,000)   (7,354,000)  
Notes payable $ 2,471,930,000   $ 1,942,646,000  
Weighted-average interest rate (as a percent) 8.21%   7.46%  
Amortization of Financing Costs $ 932,000 459,000    
Notes payable        
Maximum loan amount 2,480,000,000      
Note Payable | SOFR        
Notes payable        
Maximum loan amount       $ 400,000,000
Committed amount of debt instrument       $ 350,000,000
Note Payable | Asset Pledged as Collateral without Right | Mortgage servicing rights        
Carrying value:        
Mortgage servicing rights, at fair value 5,954,749,000   $ 5,897,613,000  
Note Payable | Asset Pledged as Collateral without Right | Servicing advances        
Carrying value:        
Servicing advances, net 315,323,000   381,379,000  
Note Payable | Asset Pledged as Collateral without Right | Deposits. | Deposits        
Carrying value:        
Other Assets 21,074,000   12,277,000  
Notes Payable Term Loan 2018-GT1 | LIBOR        
Notes payable        
Maximum loan amount $ 650,000,000      
Interest rate spread 3.85%      
Notes Payable Term Loan 2018-GT2 | LIBOR        
Notes payable        
Maximum loan amount $ 650,000,000      
Interest rate spread 2.65%      
Notes Payable Term Loan 2022-GT1 | SOFR        
Long-Term debt        
Maximum loan amount $ 500,000,000      
Notes payable        
Interest rate spread 4.25%      
Notes Payable Term Loan 2023-GT1 | SOFR        
Notes payable        
Maximum loan amount $ 680,000,000      
Interest rate spread 3.00%      
Unsecured Senior Note        
During the period:        
Average balance $ 1,800,000,000 $ 1,800,000,000    
Weighted-average interest rate (as a percent) 5.07% 5.07%    
Total interest expense $ 23,428,000 $ 23,428,000    
Unpaid principal balance 1,800,000,000   1,800,000,000  
Unamortized debt issuance costs and premiums (19,167,000)   (20,080,000)  
Debt Instrument Unamortized Premium And Debt Issuance Costs Net $ 1,780,833,000   $ 1,779,920,000  
Weighted average interest rate (as a percent) 5.07%   5.07%  
Carrying value:        
Amortization of Financing Costs $ 913,000 $ 913,000    
Notes payable        
Maximum loan amount $ 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      
Interest rate spread 5.38%      
Unsecured Senior Notes Two Due October 2025        
Notes payable        
Maximum loan amount $ 150,000,000      
Interest rate spread 5.38%      
Unsecured Senior Notes Due February 2029        
Notes payable        
Maximum loan amount $ 650,000,000      
Interest rate spread 4.25%      
Unsecured Senior Notes Due September 2031        
Notes payable        
Maximum loan amount $ 500,000,000      
Interest rate spread 5.75%      
Loan and Security Agreement        
Carrying value:        
Unpaid principal balance     $ 150,000,000  
Term Notes and Term Loans        
Carrying value:        
Unpaid principal balance $ 2,480,000,000   $ 1,800,000,000