Loans Held for Sale - Summary of Activity in Balance of Loans Held for Sale, at Fair Value (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
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Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Movement In Loans Held For Sale At Fair Value [Roll Forward] | |||
Beginning balance | $ 208,752 | $ 176,525 | $ 214,262 |
Originations and purchases | 7,552,026 | 1,168,885 | 944,627 |
Proceeds from sales | (7,344,151) | (1,124,247) | (1,019,211) |
Principal collections | (25,976) | (23,116) | (20,774) |
Acquired in connection with the acquisition of PHH | 0 | 0 | 42,324 |
Loans held for investment, at fair value | 3,084 | 1,892 | 1,038 |
Receivables | (85,001) | (2,480) | (1,132) |
Real estate owned (Other assets) | (3,657) | (2,520) | (1,886) |
Gain on sale of loans | 50,248 | 25,253 | 34,724 |
(Decrease) increase in fair value of loans | 1,075 | (589) | (13,435) |
Other | 9,964 | (10,851) | (4,012) |
Ending balance | $ 366,364 | $ 208,752 | $ 176,525 |
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- Definition Represents the amount of additions to mortgage loans held for sale in connection with acquisitions. No definition available.
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Represents amount of addition or reductions in principal on mortgage loans held for sale other than foreclosures, costs of mortgages sold, and amortization of premium during the reporting period. No definition available.
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- Definition Value transferred from mortgage loans to real estate owned in noncash transactions. No definition available.
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- Definition Value transferred from mortgage loans to receivables in noncash transactions. No definition available.
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- Definition The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) during the reporting period in the value of loans or securitized loans that are held with the intention to sell in the near future. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables. No definition available.
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- Definition The amount of cash paid for the origination of mortgages that are held for sale. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cash inflow related to a loan origination (the process when securing a mortgage for a piece of real property), lease origination, and principal collections. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from sales of loans that are secured with real estate mortgages and are held with the intention to resell in the near future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of investments transferred from the entity's investments in noncash transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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