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Fair Value Measurements Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The table below shows the notional amounts of our financial instruments at December 31, 2021 and 2020:
December 31,
Description of Financial Instrument (in thousands)20212020
Whole loan contracts and related committed IRLCs$782 $2,354 
Uncommitted IRLCs228,831 208,500 
FMBSs related to uncommitted IRLCs223,000 183,000 
Whole loan contracts and related mortgage loans held for sale3,785 78,142 
FMBSs related to mortgage loans held for sale251,000 131,000 
Mortgage loans held for sale covered by FMBSs263,088 148,331 
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table sets forth the amount of gain (loss) recognized, within our revenue in the Consolidated Statements of Income, on assets and liabilities measured on a recurring basis for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31,
Description (in thousands)202120202019
Mortgage loans held for sale$(2,586)$318 $(2,261)
Forward sales of mortgage-backed securities6,117 (1,304)2,969 
Interest rate lock commitments(2,143)964 (370)
Whole loan contracts353 (360)173 
Total gain (loss) recognized$1,741 $(382)$511 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables set forth the fair value of the Company’s derivative instruments and their location within the Consolidated Balance Sheets for the periods indicated (except for mortgage loans held for sale which are disclosed as a separate line item):
Asset DerivativesLiability Derivatives
December 31, 2021December 31, 2021
Description of DerivativesBalance Sheet
Location		Fair Value
(in thousands)		Balance Sheet LocationFair Value
(in thousands)
Forward sales of mortgage-backed securitiesOther assets$4,477 Other liabilities$— 
Interest rate lock commitmentsOther assets— Other liabilities487 
Whole loan contractsOther assets— Other liabilities62 
Total fair value measurements$4,477 $549 
Asset DerivativesLiability Derivatives
December 31, 2020December 31, 2020
Description of DerivativesBalance Sheet
Location		Fair Value
(in thousands)		Balance Sheet LocationFair Value
(in thousands)
Forward sales of mortgage-backed securitiesOther assets$— Other liabilities$1,640 
Interest rate lock commitmentsOther assets1,664 Other liabilities— 
Whole loan contractsOther assets— Other liabilities422 
Total fair value measurements$1,664 $2,062 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] The table below shows the level and measurement of assets measured on a non-recurring basis for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31,
Description (in thousands)Fair Value Hierarchy2021
2020 (2)
2019 (2)
Adjusted basis of inventory (1)
Level 3$— $16,324 $12,321 
Total losses— 8,435 5,002 
Initial basis of inventory (3)
$— $24,759 $17,323 
(1)The fair values in the table above represent only assets whose carrying values were adjusted in the respective period.
(2)The carrying values for these assets may have subsequently increased or decreased from the fair value reported due to activities that have occurred since the measurement date.
(3)This amount is inclusive of our investments in joint venture arrangements.
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents the carrying amounts and fair values of the Company’s financial instruments at December 31, 2021 and 2020. The objective of the fair value measurement is to estimate the price at which an orderly transaction to sell the asset or transfer the liability would take place between market participants at the measurement date under current market conditions.
December 31, 2021December 31, 2020
(In thousands)Fair Value HierarchyCarrying AmountFair ValueCarrying AmountFair Value
Assets:
Cash, cash equivalents and restricted cashLevel 1$236,368 $236,368 $260,810 $260,810 
Mortgage loans held for saleLevel 2275,655 275,655 234,293 234,293 
Interest rate lock commitmentsLevel 2— — 1,664 1,664 
Forward sales of mortgage-backed securitiesLevel 24,477 4,477 — — 
Liabilities:
Notes payable - financial services operationsLevel 2266,160 266,160 225,634 225,634 
Notes payable - otherLevel 24,549 5,015 4,072 3,647 
Senior notes due 2025 (a)
Level 2— — 250,000 259,375 
Senior notes due 2028 (a)
Level 2400,000 414,000 400,000 421,000 
Senior notes due 2030 (a)
Level 2300,000 294,375 — — 
Interest rate lock commitmentsLevel 2487 487 — — 
Whole loan contracts for committed IRLCs and mortgage loans held for saleLevel 262 62 422 422 
Forward sales of mortgage-backed securitiesLevel 2— — 1,640 1,640 
(a)Our senior notes are stated at the principal amount outstanding which does not include the impact of premiums, discounts, and debt issuance costs that are amortized to interest cost over the respective terms of the notes.