Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2021
USD ($)
loan
Dec. 31, 2020
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 1 year 1 month 6 days  
Residential mortgage loans held-for-investment, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 657,427  
Carrying Value $ 595,012 $ 674,179
Loan Count | loan 11,472  
Weighted Average Yield 6.30%  
Weighted Average Life (Years) 5 years 3 months 18 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 $ 164,940  
Carrying Value $ 144,743 509,887
Loan Count | loan 3,029  
Weighted Average Yield 6.80%  
Weighted Average Life (Years) 4 years 4 months 24 days  
Acquired reverse mortgage loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 12,690  
Carrying Value $ 6,120 5,884
Loan Count | loan 28  
Weighted Average Yield 7.70%  
Weighted Average Life (Years) 3 years 8 months 12 days  
Interest in reverse mortgage loans 70.00%  
Unpaid principal balance $ 600  
Percentage of loans that have reached a termination event 54.00%  
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 $ 150,127  
Carrying Value $ 136,921 129,345
Loan Count | loan 2,977  
Weighted Average Yield 6.70%  
Weighted Average Life (Years) 4 years 6 months  
Acquired performing loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 981,300  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 2,123  
Carrying Value $ 1,702 374,658
Loan Count | loan 24  
Weighted Average Yield 7.50%  
Weighted Average Life (Years) 4 years 9 months 18 days  
Acquired non-performing loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 101,600  
Acquired performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 2,100,079  
Carrying Value $ 2,112,181 1,423,159
Loan Count | loan 12,575  
Weighted Average Yield 3.40%  
Weighted Average Life (Years) 11 years  
Acquired non-performing loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 160,098  
Carrying Value $ 146,370 335,544
Loan Count | loan 923  
Weighted Average Yield 4.80%  
Weighted Average Life (Years) 5 years 7 months 6 days  
Originated loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 11,403,519  
Carrying Value $ 11,714,006 2,947,113
Loan Count | loan 13,538  
Weighted Average Yield 3.00%  
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 $ 13,663,696  
Carrying Value $ 13,972,557 4,705,816
Loan Count | loan 27,036  
Weighted Average Yield 3.10%  
Weighted Average Life (Years) 24 years 10 months 24 days  
Total residential mortgage loans, held-for-sale, at fair value/lower of cost or market    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 13,828,636  
Carrying Value $ 14,117,300 $ 5,215,703