XML 87 R68.htm IDEA: XBRL DOCUMENT v3.24.2
Fair Value - Level 3 Input Roll Forward, Recurring Basis (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Changes in fair value included in income arising from:        
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Servicing Asset at Fair Value, Period Increase (Decrease) Servicing Asset at Fair Value, Period Increase (Decrease) Servicing Asset at Fair Value, Period Increase (Decrease) Servicing Asset at Fair Value, Period Increase (Decrease)
Recurring basis        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter $ 8,019,410 $ 6,375,025 $ 7,667,505 $ 6,325,237
Purchases and issuances, net 1,082,322 682,364 2,088,453 1,182,522
Capitalization of interest and advances 14,110 13,183 25,336 20,838
Sales and repayments (356,988) (146,289) (740,987) (269,379)
Mortgage servicing rights resulting from loan sales 541,207 562,523 953,727 849,056
Changes in fair value included in income arising from:        
Changes in instrument specific credit risk 28,011 10,951 45,153 20,494
Other factors (82,333) (77,949) (100,039) (241,276)
Total changes in fair value included in income (54,322) (66,998) (54,886) (220,782)
Transfers from Level 3 to Level 2 (704,994) (411,179) (1,266,823) (776,893)
Transfers to real estate acquired in settlement of loans   (254)   (306)
Transfers to loans held for sale (148,839) (74,396) (280,419) (176,314)
Balance at the end of the quarter 8,391,906 6,933,979 8,391,906 6,933,979
Changes in fair value recognized during the period relating to assets still held at the end of the quarter (10,903) (18,824) (40,328) (250,578)
Roll forward of liabilities measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 1,732 2,011 1,805 2,096
Changes in fair value included in income (24) (71) (97) (156)
Balance at the end of the quarter 1,708 1,940 1,708 1,940
Changes in fair value recognized during the period relating to liability still outstanding at the end of the quarter (24) (71) (97) (156)
Recurring basis | Mortgage loans held for sale        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 466,392 312,789 478,564 345,772
Purchases and issuances, net 954,081 614,486 1,859,941 1,052,136
Capitalization of interest and advances 14,110 13,183 25,336 20,838
Sales and repayments (356,988) (146,289) (740,987) (269,147)
Changes in fair value included in income arising from:        
Changes in instrument specific credit risk 28,011 10,951 45,153 20,494
Other factors (536) (929) (1,108) (136)
Total changes in fair value included in income 27,475 10,022 44,045 20,358
Transfers from Level 3 to Level 2 (704,994) (411,179) (1,266,823) (776,893)
Transfers to real estate acquired in settlement of loans   (254)   (306)
Balance at the end of the quarter 400,076 392,758 400,076 392,758
Changes in fair value recognized during the period relating to assets still held at the end of the quarter 21,684 5,868 20,917 10,646
Recurring basis | Interest rate lock commitments        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 69,808 58,846 89,593 25,844
Purchases and issuances, net 128,241 67,878 228,512 130,386
Changes in fair value included in income arising from:        
Other factors 19,542 (21,692) 31,066 50,720
Total changes in fair value included in income 19,542 (21,692) 31,066 50,720
Transfers to loans held for sale (148,839) (74,396) (280,419) (176,314)
Balance at the end of the quarter 68,752 30,636 68,752 30,636
Changes in fair value recognized during the period relating to assets still held at the end of the quarter 68,752 30,636 68,752 30,636
Recurring basis | Mortgage servicing rights        
Roll forward of assets measured using Level 3 inputs on a recurring basis        
Balance at the beginning of the quarter 7,483,210 6,003,390 7,099,348 5,953,621
Sales and repayments       (232)
Mortgage servicing rights resulting from loan sales 541,207 562,523 953,727 849,056
Changes in fair value included in income arising from:        
Other factors (101,339) (55,328) (129,997) (291,860)
Total changes in fair value included in income (101,339) (55,328) (129,997) (291,860)
Balance at the end of the quarter 7,923,078 6,510,585 7,923,078 6,510,585
Changes in fair value recognized during the period relating to assets still held at the end of the quarter $ (101,339) $ (55,328) $ (129,997) $ (291,860)