Loans Held For Sale - Summary of Net Gain on Loan Purchase, Origination and Sale Activities on Residential Mortgage Loans (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Receivables [Abstract] | ||||
Mortgage servicing rights capitalized upon sale of loans | $ 284.4 | $ 214.7 | $ 544.8 | $ 403.4 |
Net proceeds from sale of loans | (262.8) | (190.6) | (477.7) | (351.3) |
Provision for and change in estimate of liability for losses under representations and warranties, net | 0.6 | 1.0 | 1.1 | 4.2 |
Change in fair value of loans HFS and trading securities | 5.9 | 1.4 | 33.1 | (5.3) |
Unrealized (loss) gain on derivatives | (13.2) | 1.8 | (73.2) | 17.1 |
Realized gain (loss) on derivatives | 8.7 | 4.7 | 31.7 | (3.4) |
Total change in fair value of derivatives | (4.5) | 6.5 | (41.5) | 13.7 |
Net gain on residential mortgage loans HFS | 23.6 | 33.0 | 59.8 | 64.7 |
Loan acquisition and origination fees | 15.8 | 13.8 | 29.1 | 27.4 |
Net gain on loan origination and sale activities | $ 39.4 | $ 46.8 | $ 88.9 | $ 92.1 |
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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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- References No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Change in fair value of loans held for sale and trading securities No definition available.
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- Definition Loan acquisition and origination fees No definition available.
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- Definition MSR capitalized upon sale of loan No definition available.
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- Definition Net gain on loan origination and sale activities No definition available.
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- Definition Proceeds From Sale, Loan, Mortgage, Held-For-Sale, Net Of Loan Basis No definition available.
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- Definition Provision for and change in estimate of liability for losses under representations and warranties No definition available.
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