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VARIABLE INTEREST ENTITIES (Tables)
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Investment in VIEs The table below presents a summary of the carrying value and balance sheet classification of assets and liabilities in the Company’s securitization and SPE VIEs
June 30,
2022
December 31,
2021
Assets
Loans held for sale, at fair value$1,800,968 $2,557,490 
Restricted cash67,998 100,494 
Servicing rights, at fair value484,393 400,678 
Prepaid expenses and other assets37,349 17,756 
$2,390,708 $3,076,418 
Liabilities
Warehouse and other lines of credit$1,800,000 $2,600,000 
Debt obligations, net:
MSR Facilities 114,711 15,000 
Servicing advance facilities32,739 15,070 
Term notes199,415 199,133 
$2,146,865 $2,829,203 
The table below presents a summary of the nonconsolidated VIEs for which the Company holds variable interests.
June 30, 2022
Carrying valueMaximum
exposure to loss
Total assets in VIEs
AssetsLiabilities
Retained interests$105,308 $— $105,308 $2,376,297 
Investments in joint ventures18,408 — 18,408 15,061 
$123,716 $— $123,716 
December 31, 2021
Carrying valueMaximum
exposure to loss
Total assets in VIEs
AssetsLiabilities
Retained interests$72,874 $— $72,874 $1,424,857 
Investments in joint ventures18,553 — 18,553 20,783 
$91,427 $— $91,427