Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES - Derivatives Gain (Losses) (Details)

v3.21.2
DERIVATIVES - Derivatives Gain (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Derivative [Line Items]        
Servicing revenue, net $ (41,365) $ 0 $ (41,564) $ 0
Gain on originated mortgage loans, held-for-sale, net 50,771 76,006 (29,363) 182,672
Change in fair value of derivative instruments 45,389 23,089 214,367 4,213
Gain (loss) on settlement of investments, net (73,978) (23,192) (152,913) (133,099)
Total income (loss) (19,183) 75,903 (9,473) 53,786
Gain (loss) on settlement of mortgage loan origination derivative instruments (105,594) (68,789) 48,522 (290,671)
Settlement of derivatives (73,978) (23,192) (152,913) (133,099)
MSRs        
Derivative [Line Items]        
Settlement of derivatives (13,434) 0 (11,127) 0
TBAs        
Derivative [Line Items]        
Servicing revenue, net (14,156) 0 (14,355) 0
Gain on originated mortgage loans, held-for-sale, net 152,182 (6,013) 251,731 (23,428)
Gain (loss) on settlement of investments, net (37,664) 0 (47,527) (71,060)
Treasury futures        
Derivative [Line Items]        
Servicing revenue, net (19,093) 0 (19,093) 0
Options on treasury futures        
Derivative [Line Items]        
Servicing revenue, net (8,116) 0 (8,116) 0
Interest rate lock commitments        
Derivative [Line Items]        
Gain on originated mortgage loans, held-for-sale, net (101,411) 82,019 (281,094) 206,073
Forward Loan Sale Commitments        
Derivative [Line Items]        
Gain on originated mortgage loans, held-for-sale, net 0 0 0 27
Interest rate swaps        
Derivative [Line Items]        
Change in fair value of derivative instruments 45,389 23,089 214,367 4,213
Gain (loss) on settlement of investments, net $ (36,314) $ (23,192) $ (105,386) $ (62,039)