Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS - Schedule of Purchase Price Allocation (Details)

v3.20.4
BUSINESS ACQUISITIONS - Schedule of Purchase Price Allocation (Details) - USD ($)
$ in Thousands
12 Months Ended
Oct. 01, 2019
Sep. 03, 2019
Jul. 03, 2018
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Liabilities            
Goodwill (bargain purchase gain)       $ 29,468 $ 29,737  
Mortgage servicing rights, at fair value       $ 3,489,675 3,967,960  
Total Acquisitions            
Business Acquisition [Line Items]            
Total Consideration ($ in millions)         1,239,700  
Assets            
Mortgage servicing rights, at fair value         387,200  
Residential mortgage loans, held-for-investment, at fair value         0  
Residential mortgage loans, held-for-sale, at fair value         627,400  
Residential mortgage loans subject to repurchase         0  
Cash and cash equivalents         1,800  
Restricted cash         0  
Servicer advance receivable         238,000  
Intangible assets         22,200  
Other assets         71,400  
Total Assets Acquired         1,348,000  
Liabilities            
Secured financing agreements         0  
Secured notes and bonds payable         0  
Mortgage-backed securities issued, at fair value         0  
Residential mortgage loans repurchase liability         0  
Excess spread financing, at fair value         0  
Accrued expenses and other liabilities         63,900  
Total Liabilities Assumed         63,900  
Noncontrolling Interest         0  
Net Assets         1,284,100  
Goodwill (bargain purchase gain)         (44,400)  
Ditech            
Business Acquisition [Line Items]            
Total Consideration ($ in millions) $ 1,218,200       1,218,200  
Assets            
Mortgage servicing rights, at fair value         387,200  
Residential mortgage loans, held-for-investment, at fair value         0  
Residential mortgage loans, held-for-sale, at fair value         627,400  
Residential mortgage loans subject to repurchase         0  
Cash and cash equivalents         0  
Restricted cash         0  
Servicer advance receivable         238,000  
Intangible assets         10,500  
Other assets         64,800  
Total Assets Acquired         1,327,900  
Liabilities            
Secured financing agreements         0  
Secured notes and bonds payable         0  
Mortgage-backed securities issued, at fair value         0  
Residential mortgage loans repurchase liability         0  
Excess spread financing, at fair value         0  
Accrued expenses and other liabilities         60,200  
Total Liabilities Assumed         60,200  
Noncontrolling Interest         0  
Net Assets         1,267,700  
Goodwill (bargain purchase gain)         (49,500)  
Guardian            
Business Acquisition [Line Items]            
Total Consideration ($ in millions)   $ 21,500     21,500  
Assets            
Mortgage servicing rights, at fair value         0  
Residential mortgage loans, held-for-investment, at fair value         0  
Residential mortgage loans, held-for-sale, at fair value         0  
Residential mortgage loans subject to repurchase         0  
Cash and cash equivalents         1,800  
Restricted cash         0  
Servicer advance receivable         0  
Intangible assets         11,700  
Other assets         6,600  
Total Assets Acquired         20,100  
Liabilities            
Secured financing agreements         0  
Secured notes and bonds payable         0  
Mortgage-backed securities issued, at fair value         0  
Residential mortgage loans repurchase liability         0  
Excess spread financing, at fair value         0  
Accrued expenses and other liabilities         3,700  
Total Liabilities Assumed         3,700  
Noncontrolling Interest         0  
Net Assets         16,400  
Goodwill (bargain purchase gain)   $ 5,100     $ 5,100  
Shellpoint            
Business Acquisition [Line Items]            
Total Consideration ($ in millions)     $ 425,500     $ 425,500
Assets            
Mortgage servicing rights, at fair value           286,600
Residential mortgage loans, held-for-investment, at fair value           125,300
Residential mortgage loans, held-for-sale, at fair value           488,200
Residential mortgage loans subject to repurchase           121,400
Cash and cash equivalents           79,200
Restricted cash           9,900
Servicer advance receivable           22,400
Intangible assets           18,400
Other assets           59,100
Total Assets Acquired           1,210,500
Liabilities            
Secured financing agreements           439,600
Secured notes and bonds payable           20,700
Mortgage-backed securities issued, at fair value           120,700
Residential mortgage loans repurchase liability           121,400
Excess spread financing, at fair value           48,300
Accrued expenses and other liabilities           50,600
Total Liabilities Assumed           801,300
Noncontrolling Interest           8,300
Net Assets           400,900
Goodwill (bargain purchase gain)     24,600     $ 24,600
Ginnie Mae | Shellpoint            
Liabilities            
Mortgage servicing rights, at fair value     $ 135,300      
Customer relationships and servicing contracts | Ditech            
Liabilities            
Finite-lived intangible assets, useful life       3 years    
Customer relationships and trade names | Guardian            
Liabilities            
Finite-lived intangible assets, useful life       7 years    
Internally developed software | Shellpoint            
Liabilities            
Finite-lived intangible assets, useful life       5 years    
Tradenames | Shellpoint            
Liabilities            
Finite-lived intangible assets, useful life       6 months