Loans Held for Sale - Fair Value - Schedule of Gains on Loans Held for Sale, Net (Details) - USD ($) $ in Millions |
3 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
MSRs retained on transfers of forward mortgage loans | $ 60.5 | $ 34.7 |
Gain (loss) on sales of loans, net | 25.1 | 7.2 |
Change in fair value of IRLCs | 8.9 | (0.6) |
Change in fair value of loans held for sale | 4.9 | (2.5) |
Gain (loss) on economic hedge instruments | (21.5) | 4.6 |
Other | (0.7) | (0.3) |
Gain on loans held for sale, net | 11.8 | 10.9 |
MSR valuation adjustments, net | (38.9) | (11.6) |
Gain (loss) on Sale of Forward Mortgage Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gain (loss) on sales of loans, net | (39.9) | (24.2) |
Repurchased Ginnie Mae Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gain (loss) on sales of loans, net | $ (0.4) | $ (0.8) |
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- Definition The increase (decrease) during the reporting period in the fair value of mortgage loans that are held with the intention to sell or be securitized in the near future. No definition available.
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- Definition Represents the net increase or decrease in the fair value of the interest rate derivative or group of derivatives. No definition available.
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- Definition The amount of mortgage servicing rights (MSRs) retained in connection with transfer of securitized loans accounted for as sales. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized and realized gain (loss) on investment in debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total amount of gain (loss) derived from fair value hedges recognized in earnings in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in fair value from changes in the inputs used to calculate the fair value of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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