XML 76 R66.htm IDEA: XBRL DOCUMENT v3.23.1
Financing Agreements - Financing Agreements (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Apr. 04, 2022
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Financing Agreements [Line Items]      
Unpaid Principal Balance   $ 7,282,912 $ 7,043,944
Fair Value / Carrying Value   $ 7,101,318 $ 6,812,086
Weighted Average Cost of Funding   3.95% 3.70%
Stock split ratio, common stock 0.25    
Convertible Debt | 6.25% Convertible Senior Notes      
Financing Agreements [Line Items]      
Stock split ratio, common stock 0.25    
Agreements with mark-to-market collateral provisions      
Financing Agreements [Line Items]      
Unpaid Principal Balance   $ 2,097,281 $ 2,223,298
Fair Value / Carrying Value   $ 2,096,796 $ 2,223,047
Weighted Average Cost of Funding   6.54% 5.73%
Agreements with mark-to-market collateral provisions | 0-3 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   $ 608,180  
Agreements with mark-to-market collateral provisions | 3-6 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   646,122  
Agreements with mark-to-market collateral provisions | 6-12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   593,862  
Fair Value / Carrying Value   $ 249,100  
Extension period   1 year  
Agreements with mark-to-market collateral provisions | Greater than 12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   $ 249,117  
Fair Value / Carrying Value   608,200  
Agreements with mark-to-market collateral provisions | Residential Whole Loans and REO      
Financing Agreements [Line Items]      
Unpaid Principal Balance   1,692,254 $ 2,111,647
Fair Value / Carrying Value   $ 1,691,769 $ 2,111,396
Weighted Average Cost of Funding   6.67% 5.74%
Weighted Average Term To Maturity (Months)   8 months 3 days 6 months 27 days
Agreements with mark-to-market collateral provisions | Residential Whole Loans and REO | Not Held at Fair Value      
Financing Agreements [Line Items]      
Fair Value / Carrying Value   $ 680,700  
Agreements with mark-to-market collateral provisions | Residential Whole Loans and REO | 0-3 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   203,153  
Agreements with mark-to-market collateral provisions | Residential Whole Loans and REO | 3-6 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   646,122  
Agreements with mark-to-market collateral provisions | Residential Whole Loans and REO | 6-12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   593,862  
Agreements with mark-to-market collateral provisions | Residential Whole Loans and REO | Greater than 12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   249,117  
Agreements with mark-to-market collateral provisions | Securitized debt      
Financing Agreements [Line Items]      
Unpaid Principal Balance   405,027 $ 111,651
Fair Value / Carrying Value   $ 405,027 $ 111,651
Weighted Average Cost of Funding   5.56% 5.47%
Weighted Average Term To Maturity (Months)   1 month 3 days 1 month 15 days
Agreements with mark-to-market collateral provisions | Securitized debt | 0-3 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   $ 405,027  
Agreements with mark-to-market collateral provisions | Securitized debt | 3-6 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   0  
Agreements with mark-to-market collateral provisions | Securitized debt | 6-12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   0  
Agreements with mark-to-market collateral provisions | Securitized debt | Greater than 12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   0  
Agreements with mark-to-market collateral provisions | Estimated Fair Value      
Financing Agreements [Line Items]      
Financing agreements, amortized cost   680,700 $ 578,900
Agreements with mark-to-market collateral provisions | Estimated Fair Value | Held at Fair Value      
Financing Agreements [Line Items]      
Fair Value / Carrying Value     578,900
Agreements with Non-mark-to-market Collateral Provisions | Residential Whole Loans and REO      
Financing Agreements [Line Items]      
Unpaid Principal Balance   946,573 1,004,260
Fair Value / Carrying Value   $ 946,006 $ 1,003,604
Weighted Average Cost of Funding   7.31% 6.53%
Weighted Average Term To Maturity (Months)   13 months 9 days 16 months 24 days
Agreements with Non-mark-to-market Collateral Provisions | Residential Whole Loans and REO | Held at Fair Value      
Financing Agreements [Line Items]      
Fair Value / Carrying Value   $ 526,600  
Agreements with Non-mark-to-market Collateral Provisions | Residential Whole Loans and REO | 0-3 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   216,555  
Agreements with Non-mark-to-market Collateral Provisions | Residential Whole Loans and REO | 3-6 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   361,202  
Agreements with Non-mark-to-market Collateral Provisions | Residential Whole Loans and REO | 6-12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   11,526  
Agreements with Non-mark-to-market Collateral Provisions | Residential Whole Loans and REO | Greater than 12 Months      
Financing Agreements [Line Items]      
Unpaid Principal Balance   357,290  
Agreements with Non-mark-to-market Collateral Provisions | Estimated Fair Value      
Financing Agreements [Line Items]      
Fair Value / Carrying Value     $ 884,500
Financing agreements, amortized cost   526,600 884,500
Securitized debt | Residential Whole Loans and REO      
Financing Agreements [Line Items]      
Unpaid Principal Balance   4,009,069 3,586,397
Fair Value / Carrying Value   $ 3,830,309 $ 3,357,590
Weighted Average Cost of Funding   3.73% 3.33%
Securitized debt | Residential Whole Loans and REO | Held at Fair Value      
Financing Agreements [Line Items]      
Fair Value / Carrying Value   $ 2,900,000  
Securitized debt | Estimated Fair Value      
Financing Agreements [Line Items]      
Fair Value / Carrying Value     $ 2,400,000
Weighted Average Cost of Funding   1.22% 0.84%
Financing agreements, amortized cost   $ 3,100,000 $ 2,600,000
Convertible senior notes | Unsecured      
Financing Agreements [Line Items]      
Unpaid Principal Balance   229,989 229,989
Fair Value / Carrying Value   $ 228,207 $ 227,845
Weighted Average Cost of Funding   6.94% 6.94%
Weighted Average Term To Maturity (Months)   14 months 15 days 17 months 15 days
Impact of Net Swap Carry | Unsecured      
Financing Agreements [Line Items]      
Weighted Average Cost of Funding   (1.22%) (0.84%)