v3.25.4
Fair Value, Company's Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Servicing Asset [Abstract]      
Beginning Balance [1] $ 233,658    
Purchases, sales and other changes [Abstract]      
Proceeds from sale of MSRs 0 $ 13,308 $ 0
Gain on sale of MSRs 0 504 0
Changes in Fair Value due to [Abstract]      
Ending Balance [1] 214,831 233,658  
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]      
Servicing Asset [Abstract]      
Beginning Balance 233,658 253,629 279,739
Purchases, sales and other changes [Abstract]      
Purchases 0 0 5
Sales [2] 0 (12,804) 0
Other changes [3] (2) (7) (178)
Total (2) (12,811) (173)
Changes in Fair Value due to [Abstract]      
Changes in valuation inputs or assumptions used in valuation model (4,590) 8,718 (8,576)
Other changes in fair value [4] $ (14,235) $ (15,878) $ (17,361)
Servicing Asset, Fair Value, Change in Fair Value, Other, Statement of Income or Comprehensive Income [Extensible Enumeration] [3] Unrealized Gain (Loss) On Investments In Servicing Related Assets Unrealized Gain (Loss) On Investments In Servicing Related Assets Unrealized Gain (Loss) On Investments In Servicing Related Assets
Unrealized gain (loss) included in Net Income $ (18,825) $ (7,160) $ (25,937)
Ending Balance $ 214,831 $ 233,658 $ 253,629
[1] See Note 9 regarding the estimation of fair value, which approximates carrying value for all pools.
[2] During the year ended December 31, 2024, the Company sold a portion of its MSRs to a third party for proceeds of $13.3 million and recognized a gain of $0.5 million on the sale.
[3] Represents purchase price adjustments, principally contractual prepayment protection, and changes due to the Company’s repurchase of the underlying collateral.
[4] Represents changes due to realization of expected cash flows and estimated MSR runoff.