XML 108 R95.htm IDEA: XBRL DOCUMENT v3.25.2
Long-Term Debt - Note Payable (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Lender
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
During the period:          
Unpaid principal balance $ 7,351,846,000   $ 7,351,846,000    
Carrying value:          
Notes payable 1,327,143,000   1,327,143,000   $ 2,048,972,000
Servicing advances, net 430,602,000   430,602,000   568,512,000
Mortgage servicing rights, at fair value 9,531,249,000   9,531,249,000   8,744,528,000
Other assets 714,677,000   $ 714,677,000   770,081,000
Notes payable          
Number Of Lenders | Lender     2    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     us-gaap:SecuredOvernightFinancingRateSofrMember    
Asset Pledged as Collateral without Right          
Carrying value:          
Servicing advances, net 265,118,000   $ 265,118,000   357,939,000
Mortgage servicing rights, at fair value $ 9,350,647,000   $ 9,350,647,000   $ 8,609,388,000
Assets, Pledging Purpose [Extensible Enumeration] Notes payable   Notes payable   Notes payable
Other assets $ 13,124,000   $ 13,124,000   $ 16,697,000
Asset Pledged as Collateral without Right | Mortgage servicing rights          
Carrying value:          
Assets, Pledging Purpose [Extensible Enumeration] Notes payable   Notes payable   Notes payable
Asset Pledged as Collateral without Right | Deposits.          
Carrying value:          
Other assets $ 13,124,000   $ 13,124,000   $ 16,697,000
Asset Pledged as Collateral without Right | Deposits. | Deposits          
Carrying value:          
Other assets 13,124,000   13,124,000   16,697,000
Note Payable          
During the period:          
Average balance $ 1,698,132,000 $ 1,872,857,000 $ 1,780,415,000 $ 1,911,593,000  
Weighted-average interest rate (as a percent) 7.81% 8.85% 7.83% 8.89%  
Total interest expense $ 35,743,000 $ 41,932,000 $ 72,321,000 $ 85,938,000  
Carrying value:          
Unpaid principal balance 1,330,000,000   1,330,000,000   2,055,000,000
Unamortized debt issuance costs (2,857,000)   (2,857,000)   (6,028,000)
Notes payable $ 1,327,143,000   $ 1,327,143,000   $ 2,048,972,000
Weighted-average interest rate (as a percent) 7.49%   7.49%   7.81%
Amortization of Debt Issuance Costs $ 2,700,000 726,000 $ 3,200,000 1,500,000  
Notes payable          
Maximum loan amount 1,230,000,000   1,230,000,000    
Note Payable | Asset Pledged as Collateral without Right | Servicing advances          
Carrying value:          
Servicing advances, net 265,118,000   265,118,000   $ 357,939,000
Note Payable | Asset Pledged as Collateral without Right | Mortgage servicing rights          
Carrying value:          
Mortgage servicing rights, at fair value $ 9,350,647,000   $ 9,350,647,000   $ 8,609,388,000
Assets, Pledging Purpose [Extensible Enumeration] Notes payable   Notes payable   Notes payable
Note Payable expiring 2024          
Notes payable          
Maximum loan amount $ 900,000,000   $ 900,000,000    
Committed amount of debt instrument 850,000,000   850,000,000    
Notes Payable Term Loan 2024-GT1          
Notes payable          
Maximum loan amount 425,000,000   $ 425,000,000    
Interest rate spread     3.20%    
Notes Payable Term Loan 2023-GT1          
Notes payable          
Maximum loan amount 680,000,000   $ 680,000,000    
Interest rate spread     3.00%    
Notes Payable Term Loan 2023-GT2          
Notes payable          
Maximum loan amount 125,000,000   $ 125,000,000    
Interest rate spread     3.00%    
Unsecured Senior Note          
During the period:          
Average balance 4,197,253,000 2,828,571,000 $ 3,954,973,000 2,689,286,000  
Total interest expense $ 70,157,000 $ 43,968,000 $ 130,294,000 $ 82,800,000  
Weighted-average interest rate (as a percent) 6.41% 6.03% 6.34% 5.97%  
Unpaid principal balance $ 4,250,000,000   $ 4,250,000,000   $ 3,200,000,000
Unamortized debt issuance costs and premiums (64,988,000)   (64,988,000)   (35,968,000)
Debt Instrument Unamortized Premium And Debt Issuance Costs Net $ 4,185,012,000   $ 4,185,012,000   $ 3,164,032,000
Weighted average interest rate (as a percent) 6.56%   6.56%   6.15%
Carrying value:          
Amortization of Debt Issuance Costs $ 2,900,000 $ 1,500,000 $ 4,900,000 $ 2,900,000  
Notes payable          
Maximum loan amount 4,250,000,000   $ 4,250,000,000    
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 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%    
Unsecured Senior Notes Due December 2029          
Notes payable          
Maximum loan amount 750,000,000   $ 750,000,000    
Interest rate spread     7.875%    
Unsecured Senior Notes Due November 2030          
Notes payable          
Maximum loan amount 650,000,000   $ 650,000,000    
Interest rate spread     7.125%    
Unsecured Senior Notes Due February 2033          
Notes payable          
Maximum loan amount 850,000,000   $ 850,000,000    
Interest rate spread     6.875%    
Unsecured Senior Notes Due May 2032          
Notes payable          
Maximum loan amount 850,000,000   $ 850,000,000    
Interest rate spread     6.875%    
Loan and Security Agreement          
Carrying value:          
Unpaid principal balance 100,000,000   $ 100,000,000   $ 325,000,000
Term Loan Notes Payable          
Carrying value:          
Unpaid principal balance $ 1,230,000,000   $ 1,230,000,000   $ 1,730,000,000