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Fair Value (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments The fair value measurement of NVRM's undesignated derivative instruments was as follows:
June 30, 2021December 31, 2020
Rate lock commitments:
Gross assets$15,267 $10,844 
Gross liabilities539 87 
Net rate lock commitments$14,728 $10,757 
Forward sales contracts:
Gross assets$335 $
Gross liabilities1,939 5,217 
Net forward sales contracts$(1,604)$(5,216)
Fair Value Measurement The fair value measurement adjustment as of June 30, 2021 was as follows:
Notional or
Principal
Amount
Assumed
Gain/(Loss)
From Loan
Sale
Interest
Rate
Movement
Effect
Servicing
Rights
Value
Security
Price
Change
Total Fair
Value
Measurement
Gain/(Loss)
Rate lock commitments$1,130,241 $4,469 $1,942 $8,317 $— $14,728 
Forward sales contracts$1,263,416 — — — (1,604)(1,604)
Mortgages held for sale$339,981 1,590 163 2,946 — 4,699 
Total fair value measurement$6,059 $2,105 $11,263 $(1,604)$17,823 
Fair Value Measurements, Recurring and Nonrecurring The following table presents the estimated fair values and carrying values of our Senior Notes as of June 30, 2021 and December 31, 2020. The estimated fair value is based on recent market prices of similar transactions, which is classified as Level 2 within the fair value hierarchy.
June 30, 2021December 31, 2020
Estimated Fair Values:
3.95% Senior Notes due 2022$620,220 $630,000 
3.00% Senior Notes due 2030953,730 982,620 
Total$1,573,950 $1,612,620 
Carrying Values:
3.95% Senior Notes due 2022$599,238 $598,925 
3.00% Senior Notes due 2030917,592 918,470 
Total$1,516,830 $1,517,395