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Other Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, All Other Investments [Abstract]  
Schedule of Components of Other Investments and Components of Income from Other Investments, Net
Other Investments at December 31, 2024 and 2023 are summarized in the following table.
Table 11.1 – Components of Other Investments
(In Thousands)December 31, 2024December 31, 2023
Servicer advance investments, at fair value$233,820 $225,345 
Strategic investments, at carrying value74,663 53,147 
Strategic investments, at fair value3,460 2,960 
Excess MSRs, at fair value32,274 37,367 
MSRs, at fair value31,589 24,877 
Other, at fair value— 234 
Total Other Investments$375,806 $343,930 
Income from Other Investments for years ended December 31, 2024, 2023 and 2022 is summarized in the following table.
Table 11.2 – Components of Income From Other Investments, net (1)
Years Ended December 31,
(In Thousands)202420232022
Service Advance Investments:
Other interest income$18,519 $20,597 $19,663 
Investment fair value changes, net8,833 11,863 (11,076)
Strategic Investments:
Other income, net (2)
(1,292)(3,221)(901)
Investment fair value changes, net (3)
(1,586)(2,900)12,800 
Excess MSRs:
Other interest income12,949 14,152 15,912 
Investment fair value changes, net(5,094)(1,668)(5,196)
MSRs:
Other income, net14,415 7,033 14,879 
Total Other Investments Income, Net$46,744 $45,856 $46,081 
(1)Market valuation gains (losses) on Other investments accounted for under the fair value option are recorded in Investment fair value changes, net. All other market valuation gains (losses) on Other investments are recorded in Other income, net.
(2)Represents net equity method earnings (losses) from our Strategic investments that are accounted for under the equity method.
(3)Includes Investment fair value changes related to our Strategic investments that are accounted for under the measurement alternative for equity securities without readily determinable fair values. For the year ended December 31, 2024, includes Investment fair value gains of $4 million and investment fair value losses of $5 million under the measurement alternative. For the year ended December 31, 2023, includes Investment fair value gains of $1 million and investment fair value losses of $3 million under the measurement alternative. For the year ended December 31, 2022, includes Investment fair value gains of $14 million under the measurement alternative.