Annual report pursuant to Section 13 and 15(d)

RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)

v3.20.4
RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
loan
Dec. 31, 2019
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,022,131  
Weighted Average Life (Years) 2 years 2 months 12 days  
Loans Held-for-Investment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 769,348  
Carrying Value $ 674,179 $ 925,706
Loan Count | loan 12,353,000  
Weighted Average Yield 6.60%  
Weighted Average Life (Years) 5 years 7 months 6 days  
Acquired Residential Mortgage Loans Held-for-Sale    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 637,138  
Carrying Value $ 509,887 1,429,052
Loan Count | loan 6,559,000  
Weighted Average Yield 7.30%  
Weighted Average Life (Years) 3 years 7 months 6 days  
Acquired Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 12,007  
Carrying Value $ 5,884 5,844
Loan Count | loan 28,000  
Weighted Average Yield 7.80%  
Weighted Average Life (Years) 3 years 9 months 18 days  
Acquired Reverse Mortgage Loans | Mr. Cooper    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 30.00%  
Acquired Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 138,109  
Carrying Value $ 129,345 857,821
Loan Count | loan 3,278,000  
Weighted Average Yield 6.70%  
Weighted Average Life (Years) 4 years 6 months  
Acquired Non-Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 487,022  
Carrying Value $ 374,658 565,387
Loan Count | loan 3,253,000  
Weighted Average Yield 7.50%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Acquired Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,446,457  
Carrying Value $ 1,423,159 3,024,288
Loan Count | loan 7,189,000  
Weighted Average Yield 3.80%  
Weighted Average Life (Years) 6 years 7 months 6 days  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 428,079  
Carrying Value $ 335,544 0
Loan Count | loan 2,798,000  
Weighted Average Yield 7.50%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Originated Loans, Held For Sale At Fair Value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 2,801,297  
Carrying Value $ 2,947,113 1,589,324
Loan Count | loan 10,797,000  
Weighted Average Yield 2.80%  
Weighted Average Life (Years) 27 years 8 months 12 days  
Total Residential Mortgage Loans, held-for-sale, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 4,675,833  
Carrying Value $ 4,705,816 4,613,612
Loan Count | loan 20,784,000  
Weighted Average Yield 3.50%  
Weighted Average Life (Years) 18 years 10 months 24 days  
Total Residential Mortgage Loans, Held-for-Sale    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 5,312,971  
Carrying Value $ 5,215,703 $ 6,042,664
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 70.00%  
Unpaid principal balance $ 600  
Percentage of loans that have reached a termination event 47.80%  
Performing Loans | Ginnie Mae EBO    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 798,100  
Non-Performing Loans | Ginnie Mae EBO    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 20,500