v3.25.2
Fair Value - Summary of Changes in Items Measured Using Level 3 Inputs on Recurring Basis (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Assets:        
Amounts received pursuant to sales of loans $ 44,030 $ 40,619 $ 91,039 $ 71,868
Changes in fair value included in results of operations arising from:        
Mortgage servicing rights relating to delinquent loans to Agency     391 216
Interest Rate Lock Commitments [Member]        
Assets:        
Beginning balance     444  
Changes in fair value included in results of operations arising from:        
Ending balance 6,485   6,485  
Recurring [Member]        
Assets:        
Beginning balance 3,875,551 4,063,926 3,989,252 3,998,787
Purchases and issuances (purchase adjustment) 6,656 8,760 11,283 42,796
Repayments and sales (18,854) (21,360) (38,848) (44,283)
Accrual of unearned discounts 2,165 2,390 4,450 4,606
Amounts received pursuant to sales of loans 44,030 40,619 91,039 71,868
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors (49,172) (41,926) (189,206) (16,564)
Total (49,172) (41,926) (189,206) (16,564)
Interest rate lock commitments to loans acquired for sale (6,216) (3,906) (14,031) (8,849)
Mortgage servicing rights relating to delinquent loans to Agency 170 74 391 216
Ending balance 3,854,330 4,048,577 3,854,330 4,048,577
Changes in fair value recognized during the quarter/period relating to assets (60,046) (47,942) (220,141) (40,425)
Recurring [Member] | CRT Derivatives [Member]        
Assets:        
Beginning balance 28,474 22,899 29,377 16,160
Purchases and issuances (purchase adjustment) 0 0 0 0
Repayments and sales (2,702) (3,633) (5,585) (7,084)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 5,375 5,039 7,355 15,229
Total 5,375 5,039 7,355 15,229
Interest rate lock commitments to loans acquired for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency 0 0 0 0
Ending balance 31,147 24,305 31,147 24,305
Changes in fair value recognized during the quarter/period relating to assets 2,743 5,039 1,920 8,256
Recurring [Member] | Credit Risk Transfer Strips [Member]        
Assets:        
Beginning balance (15,885) (17,352) (4,060) (46,692)
Purchases and issuances (purchase adjustment) 0 0 0 0
Repayments and sales (10,068) (11,693) (19,845) (23,378)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 15,474 12,071 13,426 53,096
Total 15,474 12,071 13,426 53,096
Interest rate lock commitments to loans acquired for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency 0 0 0 0
Ending balance (10,479) (16,974) (10,479) (16,974)
Changes in fair value recognized during the quarter/period relating to assets 5,524 378 (6,301) 29,718
Recurring [Member] | Loans Held for Investment [Member]        
Assets:        
Beginning balance 1,815 2,034 1,866 2,131
Purchases and issuances (purchase adjustment) 0 0 0 0
Repayments and sales (20) (32) (40) (91)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 59 (4) 28 (42)
Total 59 (4) 28 (42)
Interest rate lock commitments to loans acquired for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency 0 0 0 0
Ending balance 1,854 1,998 1,854 1,998
Changes in fair value recognized during the quarter/period relating to assets 58 (11) 27 (52)
Recurring [Member] | Mortgage servicing rights [Member]        
Assets:        
Beginning balance 3,770,034 3,951,737 3,867,394 3,919,107
Purchases and issuances (purchase adjustment) 0 (13) 0 29,428
Repayments and sales 0 0 0 0
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 44,030 40,619 91,039 71,868
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors (75,128) (50,556) (219,718) (78,758)
Total (75,128) (50,556) (219,718) (78,758)
Interest rate lock commitments to loans acquired for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency 170 74 391 216
Ending balance 3,739,106 3,941,861 3,739,106 3,941,861
Changes in fair value recognized during the quarter/period relating to assets (75,128) (50,556) (219,718) (78,758)
Recurring [Member] | Loans acquired for sale [Member]        
Assets:        
Beginning balance 5,451 5,096 7,971 6,318
Purchases and issuances (purchase adjustment) 3,103 4,013 3,131 5,497
Repayments and sales (1,540) (1,018) (4,218) (3,676)
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 151 (97) 281 (145)
Total 151 (97) 281 (145)
Interest rate lock commitments to loans acquired for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency 0 0 0 0
Ending balance 7,165 7,994 7,165 7,994
Changes in fair value recognized during the quarter/period relating to assets (96) (112) (56) (199)
Recurring [Member] | Interest Rate Lock Commitments [Member]        
Assets:        
Beginning balance 4,619 4,845 444 7,532
Purchases and issuances (purchase adjustment) 3,553 4,760 8,152 7,871
Repayments and sales 0 0 0 0
Accrual of unearned discounts 0 0 0 0
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 4,529 (4,147) 11,920 (5,002)
Total 4,529 (4,147) 11,920 (5,002)
Interest rate lock commitments to loans acquired for sale (6,216) (3,906) (14,031) (8,849)
Mortgage servicing rights relating to delinquent loans to Agency 0 0 0 0
Ending balance 6,485 1,552 6,485 1,552
Changes in fair value recognized during the quarter/period relating to assets 6,485 1,552 6,485 1,552
Recurring [Member] | Interest-only security payable [Member]        
Liabilities:        
Beginning balance 35,954 32,227 34,222 32,667
Changes in instrument-specific credit risk\Other factors 599 481 2,331 41
Ending balance 36,553 32,708 36,553 32,708
Changes in fair value recognized during the quarter/period relating to liability 599 481 2,331 41
Recurring [Member] | Interest-only security payable [Member] | Credit Risk [Member]        
Liabilities:        
Changes in instrument-specific credit risk\Other factors 0 0 0
Recurring [Member] | Interest-only security payable [Member] | Other Factors [Member]        
Liabilities:        
Changes in instrument-specific credit risk\Other factors 599 481 2,331 41
Recurring [Member] | Interest-Only Stripped Mortgage-Backed Securities [Member]        
Assets:        
Beginning balance 81,043 94,667 86,260 94,231
Purchases and issuances (purchase adjustment) 0 0 0 0
Repayments and sales (4,524) (4,984) (9,160) (10,054)
Accrual of unearned discounts 2,165 2,390 4,450 4,606
Amounts received pursuant to sales of loans 0 0 0 0
Changes in fair value included in results of operations arising from:        
Changes in instrument-specific credit risk 0 0 0 0
Other factors 368 (4,232) (2,498) (942)
Total 368 (4,232) (2,498) (942)
Interest rate lock commitments to loans acquired for sale 0 0 0 0
Mortgage servicing rights relating to delinquent loans to Agency 0 0 0 0
Ending balance 79,052 87,841 79,052 87,841
Changes in fair value recognized during the quarter/period relating to assets $ 368 $ (4,232) $ (2,498) $ (942)