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Other Investments - Additional Information (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2022
USD ($)
investment
partnership
Sep. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Net Investment Income [Line Items]        
Number of partnerships consolidated | partnership 2      
Commitment to fund partnership $ 148,000      
Servicing asset, fair value 265,949     $ 310,953
Collateral amounts 1,683,830     1,306,932
Investment fair value changes, net (6,120)   $ 45,087  
Other income, net 5,983   3,843  
Interest income $ 189,400   128,305  
Variable Interest Entity, Primary Beneficiary        
Net Investment Income [Line Items]        
Number of partnerships consolidated | partnership 2      
Investment fair value changes, net $ 1,371   15,705  
Interest income 140,316   94,871  
Variable Interest Entity, Primary Beneficiary | HEI        
Net Investment Income [Line Items]        
Investment fair value changes, net 3,411   0  
Interest income 0   0  
Variable Interest Entity, Primary Beneficiary | Collateralized Financing Entities        
Net Investment Income [Line Items]        
Value of our investments in VIEs(1) 1,040,987     1,033,913
Variable Interest Entity, Primary Beneficiary | Collateralized Financing Entities | HEI        
Net Investment Income [Line Items]        
Value of our investments in VIEs(1) 13,753     10,451
Servicer advance financing        
Net Investment Income [Line Items]        
Collateral amounts 266,000      
Equity investment income 5,000      
Investment fair value changes, net (3,000)   (200)  
Servicer advance financing | Other Interest Income        
Net Investment Income [Line Items]        
Investment fair value changes, net     3,000  
Held-for-sale residential loans        
Net Investment Income [Line Items]        
Servicing asset, fair value 302,837     350,923
Servicing asset, unpaid principal balance on underlying loan 12,700,000      
Excess MSRs        
Net Investment Income [Line Items]        
Servicing asset, fair value 43,023     44,231
Investment fair value changes, net (1,000)   (2,000)  
Fair value option elected aggregate carrying amount, asset 5,000      
Interest income 4,000   3,000  
Point HEI        
Net Investment Income [Line Items]        
Investment fair value changes, net 3,000      
Other Investments, Interest Expense 1,000      
MSRs        
Net Investment Income [Line Items]        
Servicing asset, fair value 19,739     12,438
Aggregate principal balance 2,360,000     $ 2,120,000
MSR income (losses), net 4,300   1,000  
Shared home appreciation options | Redwood        
Net Investment Income [Line Items]        
Servicing asset, fair value 74,000      
Shared home appreciation options | Point HEI        
Net Investment Income [Line Items]        
Servicing asset, fair value 153,000      
Shared home appreciation options | Commitment To Fund Investment        
Net Investment Income [Line Items]        
Investment fair value changes, net 1,000   $ 5,000  
HEIs        
Net Investment Income [Line Items]        
Payments to acquire other investments 125,000 $ 125,000    
Other commitments made 250,000      
Investments 70,000      
Payments to acquire investments 117,000      
Strategic Investments        
Net Investment Income [Line Items]        
Other income, net $ 100      
Strategic Investments | RWT Horizons        
Net Investment Income [Line Items]        
Number of investments made | investment 21      
Investments $ 25,000      
Strategic Investments | Churchill Finance        
Net Investment Income [Line Items]        
Number of investments made | investment 2