XML 109 R95.htm IDEA: XBRL DOCUMENT v3.25.0.1
Derivative Financial Instruments - Other Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative assets:      
Derivative asset, before netting $ 232,293 $ 258,809  
Netting (119,217) (79,730)  
Total derivative assets 113,076 179,079  
Derivative liabilities:      
Derivative liability, before netting 102,881 101,866  
Netting (61,981) (48,591)  
Net amounts of liabilities presented in the consolidated balance sheet 40,900 53,275  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Gains (losses) recognized on derivative financial instruments (832,483) (236,778) $ (631,484)
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 251,305 46,941 1,326,964
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 (794,282) (236,778) (631,484)
Margin Deposits      
Derivative assets:      
Collateral placed with (received from) derivative counterparties (57,236) (31,139)  
Interest rate lock commitments      
Derivative assets:      
Total derivative assets 56,946 90,313  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Gains (losses) recognized on derivative financial instruments (56,028) 63,749 $ (296,349)
Forward contracts | Purchases      
Derivative Instruments      
Notional amount 12,760,764 15,863,667  
Derivative assets:      
Derivative asset, before netting 3,701 78,448  
Derivative liabilities:      
Derivative liability, before netting 66,646 5,141  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 15,863,667    
Balance at end of year 12,760,764 15,863,667  
Forward contracts | Sales      
Derivative Instruments      
Notional amount 23,440,334 14,477,159  
Derivative assets:      
Derivative asset, before netting 152,526 6,151  
Derivative liabilities:      
Derivative liability, before netting 12,854 92,796  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 14,477,159    
Balance at end of year 23,440,334 14,477,159  
MBS put options      
Derivative Instruments      
Notional amount 450,000 2,925,000  
Derivative assets:      
Derivative asset, before netting 3,278 413  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 2,925,000    
Balance at end of year 450,000 2,925,000  
MBS call options      
Derivative Instruments      
Notional amount   1,000,000  
Derivative assets:      
Derivative asset, before netting   6,265  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 1,000,000    
Balance at end of year   1,000,000  
Put options on Eurodollar futures | Purchases      
Derivative Instruments      
Notional amount 4,270,000 8,717,500  
Derivative assets:      
Derivative asset, before netting 12,592 11,043  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 8,717,500    
Balance at end of year 4,270,000 8,717,500  
Call options on Eurodollar futures | Purchases      
Derivative Instruments      
Notional amount 7,600,000 4,250,000  
Derivative assets:      
Derivative asset, before netting 3,250 66,176  
Derivative liabilities:      
Derivative liability, before netting   3,209  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 4,250,000    
Balance at end of year 7,600,000 4,250,000  
Treasury future | Purchases      
Derivative Instruments      
Notional amount 7,467,000 5,986,500  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 5,986,500    
Balance at end of year 7,467,000 5,986,500  
Treasury future | Sales      
Derivative Instruments      
Notional amount 10,521,000 10,677,000  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 10,677,000    
Balance at end of year 10,521,000 10,677,000  
Not designated as hedging instrument | Interest rate lock commitments      
Derivative Instruments      
Notional amount 7,801,677 6,349,628  
Derivative assets:      
Derivative asset, before netting 56,946 90,313  
Derivative liabilities:      
Derivative liability, before netting 23,381 720  
Activity for derivative contracts used to hedge the IRLCs and inventory of mortgage loans at notional value      
Balance at beginning of year 6,349,628    
Balance at end of year $ 7,801,677 $ 6,349,628