Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Off-Balance-Sheet Originate Loans and Letters of Credit

The following table summarizes the Company’s off-balance sheet commitments to originate loans and letters of credit at December 31, 2022:

(in millions)
Multi-family and commercial real estate	$	216
One-to-four family including interest rate locks		2,066
Acquisition, development, and construction		3,539
Warehouse loan commitments		8,042
Other loan commitments		7,964
Total loan commitments	$	21,827
Commercial, performance stand-by, and financial stand-by letters of credit		541
Total commitments	$	22,368

Guarantees and Indemnifications

The following table summarizes the Company’s guarantees and indemnifications at December 31, 2022:

(in millions)	Expires Within One Year		Expires After One Year			Total Outstanding Amount			Maximum Potential Amount of Future Payments
Financial stand-by letters of credit	$	79	$	85	$		164	$		398
Performance stand-by letters of credit		108		11			119			118
Commercial letters of credit		10		1			11			25
Total letters of credit	$	197	$	97	$		294	$		541