v3.26.1
Business Segment Reporting - Financial Information By Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Portfolio interest income          
Interest income $ 490,075 $ 481,800 $ 957,678 $ 962,402  
Interest expense (435,160) (422,336) (836,493) (832,503)  
NET PORTFOLIO INTEREST INCOME 54,915 59,464 121,185 129,899  
Other income (expense)          
Net origination gains 66,576 56,058 127,463 102,096  
Gains on securitization of HECM tails, net 13,620 10,855 25,287 21,336  
Fair value changes from model amortization (36,199) (35,456) (68,219) (76,412)  
Fair value changes from market inputs or model assumptions (31,543) 94,939 (11,619) 183,202  
Net fair value changes on loans and related obligations 12,454 126,396 72,912 230,222  
Fee income 7,454 6,739 13,566 13,085  
NET OTHER INCOME (EXPENSE) 7,566 117,912 61,438 213,172  
Total revenues 62,481 177,376 182,623 343,071  
Expenses          
Salaries, benefits, and related expenses 42,267 36,974 84,871 70,904  
Loan production and portfolio related expenses 15,034 9,462 32,700 20,792  
Loan servicing expenses 7,743 7,525 15,189 15,266  
Marketing and advertising expenses 17,214 12,265 30,553 22,996  
Amortization and depreciation 9,929 9,654 19,781 19,312  
General and administrative expenses 13,902 13,180 28,361 26,159  
TOTAL EXPENSES 106,089 89,060 211,455 175,429  
Other, net (27,448) (6,361) (5,967) (3,994)  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (71,056) 81,955 (34,799) 163,648  
Assets 37,316,763   37,316,763   $ 30,733,298
Continuing Operations          
Portfolio interest income          
Interest income 490,075 481,800 957,678 962,402  
Interest expense (435,160) (422,336) (836,493) (832,503)  
NET PORTFOLIO INTEREST INCOME 54,915 59,464 121,185 129,899  
Other income (expense)          
Net origination gains 66,576 56,058 127,463 102,096  
Gains on securitization of HECM tails, net 13,620 10,855 25,287 21,336  
Fair value changes from model amortization (36,199) (35,456) (68,219) (76,412)  
Fair value changes from market inputs or model assumptions (31,543) 94,939 (11,619) 183,202  
Net fair value changes on loans and related obligations 12,454 126,396 72,912 230,222  
Fee income 7,454 6,739 13,566 13,085  
Non-funding interest expense, net (12,342) (15,223) (25,040) (30,135)  
NET OTHER INCOME (EXPENSE) 7,566 117,912 61,438 213,172  
Total revenues 62,481 177,376 182,623 343,071  
Expenses          
Salaries, benefits, and related expenses 42,267 36,974 84,871 70,904  
Loan production and portfolio related expenses 15,034 9,462 32,700 20,792  
Loan servicing expenses 7,743 7,525 15,189 15,266  
Marketing and advertising expenses 17,214 12,265 30,553 22,996  
Amortization and depreciation 9,929 9,654 19,781 19,312  
General and administrative expenses 13,902 13,180 28,361 26,159  
TOTAL EXPENSES 106,089 89,060 211,455 175,429  
Other, net (27,448) (6,361) (5,967) (3,994)  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (71,056) 81,955 (34,799) 163,648  
Assets 37,316,763   37,316,763   30,733,298
Operating segments | Continuing Operations          
Portfolio interest income          
Interest income 490,075 481,800 957,678 962,402  
Interest expense (435,160) (422,336) (836,493) (832,503)  
NET PORTFOLIO INTEREST INCOME 54,915 59,464 121,185 129,899  
Other income (expense)          
Net origination gains 66,576 56,058 127,463 102,096  
Gains on securitization of HECM tails, net 13,620 10,855 25,287 21,336  
Fair value changes from model amortization (36,199) (35,456) (68,219) (76,412)  
Fair value changes from market inputs or model assumptions (31,543) 94,939 (11,619) 183,202  
Net fair value changes on loans and related obligations 12,454 126,396 72,912 230,222  
Fee income 7,577 6,862 13,812 13,331  
Non-funding interest expense, net 0 0 0 0  
NET OTHER INCOME (EXPENSE) 20,031 133,258 86,724 243,553  
Total revenues 74,946 192,722 207,909 373,452  
Expenses          
Salaries, benefits, and related expenses 32,680 27,078 62,691 52,562  
Loan production and portfolio related expenses 15,034 9,462 32,700 20,792  
Loan servicing expenses 7,743 7,525 15,189 15,266  
Marketing and advertising expenses 17,188 12,257 30,527 22,987  
Amortization and depreciation 9,414 9,343 18,828 18,691  
General and administrative expenses 8,993 8,580 17,780 16,140  
TOTAL EXPENSES 91,052 74,245 177,715 146,438  
Other, net 0 0 0 0  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (16,106) 118,477 30,194 227,014  
Assets 37,204,174   37,204,174   30,673,119
Operating segments | Retirement Solutions | Continuing Operations          
Portfolio interest income          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
NET PORTFOLIO INTEREST INCOME 0 0 0 0  
Other income (expense)          
Net origination gains 66,576 56,058 127,463 102,096  
Gains on securitization of HECM tails, net 0 0 0 0  
Fair value changes from model amortization 0 0 0 0  
Fair value changes from market inputs or model assumptions 0 0 0 0  
Net fair value changes on loans and related obligations 66,576 56,058 127,463 102,096  
Fee income 7,273 6,289 13,015 11,972  
Non-funding interest expense, net 0 0 0 0  
NET OTHER INCOME (EXPENSE) 73,849 62,347 140,478 114,068  
Total revenues 73,849 62,347 140,478 114,068  
Expenses          
Salaries, benefits, and related expenses 28,380 23,353 54,093 45,205  
Loan production and portfolio related expenses 2,905 1,251 4,839 2,777  
Loan servicing expenses 0 0 0 0  
Marketing and advertising expenses 17,188 12,257 30,527 22,987  
Amortization and depreciation 9,409 9,327 18,818 18,657  
General and administrative expenses 5,787 5,786 12,108 10,810  
TOTAL EXPENSES 63,669 51,974 120,385 100,436  
Other, net 0 0 0 0  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 10,180 10,373 20,093 13,632  
Assets 162,013   162,013   214,601
Operating segments | Portfolio Management | Continuing Operations          
Portfolio interest income          
Interest income 490,075 481,800 957,678 962,402  
Interest expense (435,160) (422,336) (836,493) (832,503)  
NET PORTFOLIO INTEREST INCOME 54,915 59,464 121,185 129,899  
Other income (expense)          
Net origination gains 0 0 0 0  
Gains on securitization of HECM tails, net 13,620 10,855 25,287 21,336  
Fair value changes from model amortization (36,199) (35,456) (68,219) (76,412)  
Fair value changes from market inputs or model assumptions (31,543) 94,939 (11,619) 183,202  
Net fair value changes on loans and related obligations (54,122) 70,338 (54,551) 128,126  
Fee income 304 573 797 1,359  
Non-funding interest expense, net 0 0 0 0  
NET OTHER INCOME (EXPENSE) (53,818) 70,911 (53,754) 129,485  
Total revenues 1,097 130,375 67,431 259,384  
Expenses          
Salaries, benefits, and related expenses 4,300 3,725 8,598 7,357  
Loan production and portfolio related expenses 12,129 8,211 27,861 18,015  
Loan servicing expenses 7,743 7,525 15,189 15,266  
Marketing and advertising expenses 0 0 0 0  
Amortization and depreciation 5 16 10 34  
General and administrative expenses 3,206 2,794 5,672 5,330  
TOTAL EXPENSES 27,383 22,271 57,330 46,002  
Other, net 0 0 0 0  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (26,286) 108,104 10,101 213,382  
Assets 37,042,161   37,042,161   30,458,518
Corporate and Other | Continuing Operations          
Portfolio interest income          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
NET PORTFOLIO INTEREST INCOME 0 0 0 0  
Other income (expense)          
Net origination gains 0 0 0 0  
Gains on securitization of HECM tails, net 0 0 0 0  
Fair value changes from model amortization 0 0 0 0  
Fair value changes from market inputs or model assumptions 0 0 0 0  
Net fair value changes on loans and related obligations 0 0 0 0  
Fee income (123) (123) (246) (246)  
Non-funding interest expense, net (12,342) (15,223) (25,040) (30,135)  
NET OTHER INCOME (EXPENSE) (12,465) (15,346) (25,286) (30,381)  
Total revenues (12,465) (15,346) (25,286) (30,381)  
Expenses          
Salaries, benefits, and related expenses 9,587 9,896 22,180 18,342  
Loan production and portfolio related expenses 0 0 0 0  
Loan servicing expenses 0 0 0 0  
Marketing and advertising expenses 26 8 26 9  
Amortization and depreciation 515 311 953 621  
General and administrative expenses 4,909 4,600 10,581 10,019  
TOTAL EXPENSES 15,037 14,815 33,740 28,991  
Other, net (27,448) (6,361) (5,967) (3,994)  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (54,950) $ (36,522) (64,993) $ (63,366)  
Assets $ 112,589   $ 112,589   $ 60,179