2023 Q2 Form 10-Q Financial Statement
#000110465923056343 Filed on May 05, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
Revenue | $401.0M | $401.0M |
YoY Change | 59.26% | 77.77% |
Cost Of Revenue | $227.2M | $219.4M |
YoY Change | 112.2% | 165.72% |
Gross Profit | $173.8M | $181.7M |
YoY Change | 20.09% | 27.01% |
Gross Profit Margin | 43.34% | 45.3% |
Selling, General & Admin | $55.26M | $13.62M |
YoY Change | 319.01% | -6.36% |
% of Gross Profit | 31.8% | 7.5% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $2.387M | $2.624M |
YoY Change | 17.53% | 32.32% |
% of Gross Profit | 1.37% | 1.44% |
Operating Expenses | $79.20M | $85.72M |
YoY Change | 37.07% | 41.02% |
Operating Profit | $94.57M | $95.95M |
YoY Change | 8.8% | 16.65% |
Interest Expense | $5.560M | $219.4M |
YoY Change | -94.81% | 165.72% |
% of Operating Profit | 5.88% | 228.64% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $98.89M | $110.3M |
YoY Change | 5.8% | 25.15% |
Income Tax | $5.553M | $8.029M |
% Of Pretax Income | 5.62% | 7.28% |
Net Earnings | $76.16M | $102.2M |
YoY Change | -13.56% | 27.92% |
Net Earnings / Revenue | 19.0% | 25.49% |
Basic Earnings Per Share | $0.42 | $0.47 |
Diluted Earnings Per Share | $0.35 | $0.46 |
COMMON SHARES | ||
Basic Shares Outstanding | 181.2M | 179.8M |
Diluted Shares Outstanding | 216.1M shares | 214.9M |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $846.4M | $774.5M |
YoY Change | 147.48% | 120.78% |
Cash & Equivalents | $846.4M | $774.5M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $73.26M | $113.1M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $919.6M | $887.6M |
YoY Change | 132.8% | 119.41% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $712.2M | $717.9M |
YoY Change | -12.12% | -13.34% |
Other Assets | $396.9M | $704.8M |
YoY Change | -49.63% | 36.31% |
Total Long-Term Assets | $15.24B | $15.70B |
YoY Change | -11.33% | -1.28% |
TOTAL ASSETS | ||
Total Short-Term Assets | $919.6M | $887.6M |
Total Long-Term Assets | $15.24B | $15.70B |
Total Assets | $16.16B | $16.59B |
YoY Change | -8.09% | 1.71% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $3.556M | $12.48M |
YoY Change | -86.84% | -2.58% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $12.61B | $13.05B |
YoY Change | -11.98% | -1.08% |
Other Long-Term Liabilities | $387.6M | $365.4M |
YoY Change | 22.18% | 11.36% |
Total Long-Term Liabilities | $12.99B | $13.42B |
YoY Change | -11.24% | -0.78% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.556M | $12.48M |
Total Long-Term Liabilities | $12.99B | $13.42B |
Total Liabilities | $13.13B | $13.43B |
YoY Change | -10.45% | -0.78% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $107.6M | $107.7M |
YoY Change | 29.17% | 42.03% |
Common Stock | $2.282B | $2.280B |
YoY Change | 10.66% | 18.19% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.024B | $3.022B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $16.16B | $16.59B |
YoY Change | -8.09% | 1.71% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $76.16M | $102.2M |
YoY Change | -13.56% | 27.92% |
Depreciation, Depletion And Amortization | $2.387M | $2.624M |
YoY Change | 17.53% | 32.32% |
Cash From Operating Activities | $158.4M | -$56.79M |
YoY Change | -319.16% | -106.79% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $200.3M | $828.0M |
YoY Change | -124.31% | -141.04% |
Cash From Investing Activities | $200.3M | $828.0M |
YoY Change | -124.31% | -141.04% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -594.9M | -540.0M |
YoY Change | -151.36% | -146.66% |
NET CHANGE | ||
Cash From Operating Activities | 158.4M | -56.79M |
Cash From Investing Activities | 200.3M | 828.0M |
Cash From Financing Activities | -594.9M | -540.0M |
Net Change In Cash | -236.2M | 231.2M |
YoY Change | -190.12% | -1089.57% |
FREE CASH FLOW | ||
Cash From Operating Activities | $158.4M | -$56.79M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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||
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2023 | |
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Q1 | |
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2023-03-31 | |
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Arbor Realty Trust, Inc. | |
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MD | |
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333 Earle Ovington Boulevard | |
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Suite 900 | |
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Uniondale | |
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NY | |
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|
8188000 | |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
102246000 | |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
79929000 | |
CY2023Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
10342000 | |
CY2022Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
9056000 | |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7585000 | |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6816000 | |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
84319000 | |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
64057000 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.47 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.46 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.40 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
181116674 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
153420238 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
214910974 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
185431404 | |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.40 | |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.37 | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3071879000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
82744000 | |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
9671000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
789000 | |
CY2023Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
73666000 | |
CY2023Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
10347000 | |
CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
6517000 | |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
102246000 | |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3157457000 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2547537000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
137800000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
680000 | |
CY2022Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
56373000 | |
CY2022Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
9056000 | |
CY2022Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
6040000 | |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
79929000 | |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2772048000 | |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
102246000 | |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
79929000 | |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2624000 | |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1983000 | |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5901000 | |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6095000 | |
CY2023Q1 | abr |
Amortization And Accretion Of Interest Fees And Intangible Assets
AmortizationAndAccretionOfInterestFeesAndIntangibleAssets
|
-236000 | |
CY2022Q1 | abr |
Amortization And Accretion Of Interest Fees And Intangible Assets
AmortizationAndAccretionOfInterestFeesAndIntangibleAssets
|
-2840000 | |
CY2023Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
15416000 | |
CY2022Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
14972000 | |
CY2023Q1 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
1033384000 | |
CY2022Q1 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
845620000 | |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
921522000 | |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
1586715000 | |
CY2023Q1 | abr |
Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
|
18458000 | |
CY2022Q1 | abr |
Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
|
15312000 | |
CY2023Q1 | abr |
Write Off Of Capitalized Mortgage Servicing Rights From Payoffs
WriteOffOfCapitalizedMortgageServicingRightsFromPayoffs
|
3307000 | |
CY2022Q1 | abr |
Write Off Of Capitalized Mortgage Servicing Rights From Payoffs
WriteOffOfCapitalizedMortgageServicingRightsFromPayoffs
|
12697000 | |
CY2023Q1 | us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
3177000 | |
CY2022Q1 | us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
-662000 | |
CY2023Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
|
22517000 | |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
|
2358000 | |
CY2023Q1 | abr |
Loss Contingency Accrual Charge Offs Net
LossContingencyAccrualChargeOffsNet
|
588000 | |
CY2022Q1 | abr |
Loss Contingency Accrual Charge Offs Net
LossContingencyAccrualChargeOffsNet
|
230000 | |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3164000 | |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1720000 | |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
14326000 | |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7212000 | |
CY2023Q1 | abr |
Distributions From Equity Affiliates
DistributionsFromEquityAffiliates
|
4748000 | |
CY2022Q1 | abr |
Distributions From Equity Affiliates
DistributionsFromEquityAffiliates
|
12859000 | |
CY2023Q1 | abr |
Change In Fair Value Of Held For Sale Loans
ChangeInFairValueOfHeldForSaleLoans
|
2960000 | |
CY2022Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1350000 | |
CY2023Q1 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
13000 | |
CY2022Q1 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
3258000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
71468000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
11792000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-56785000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
836828000 | |
CY2023Q1 | abr |
Payment For Loans And Investments Funded Originated And Purchased Net
PaymentForLoansAndInvestmentsFundedOriginatedAndPurchasedNet
|
380633000 | |
CY2022Q1 | abr |
Payment For Loans And Investments Funded Originated And Purchased Net
PaymentForLoansAndInvestmentsFundedOriginatedAndPurchasedNet
|
2656874000 | |
CY2023Q1 | abr |
Proceeds From Payoffs And Paydowns Of Loans And Investments
ProceedsFromPayoffsAndPaydownsOfLoansAndInvestments
|
1191076000 | |
CY2022Q1 | abr |
Proceeds From Payoffs And Paydowns Of Loans And Investments
ProceedsFromPayoffsAndPaydownsOfLoansAndInvestments
|
668379000 | |
CY2023Q1 | abr |
Increase Decrease In Customer Liability Deferred Revenue
IncreaseDecreaseInCustomerLiabilityDeferredRevenue
|
3953000 | |
CY2022Q1 | abr |
Increase Decrease In Customer Liability Deferred Revenue
IncreaseDecreaseInCustomerLiabilityDeferredRevenue
|
20767000 | |
CY2023Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
500000 | |
CY2022Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
12807000 | |
CY2023Q1 | us-gaap |
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
|
11567000 | |
CY2023Q1 | abr |
Proceeds From Payoffs And Paydowns Of Securities Held To Maturity
ProceedsFromPayoffsAndPaydownsOfSecuritiesHeldToMaturity
|
2580000 | |
CY2022Q1 | abr |
Proceeds From Payoffs And Paydowns Of Securities Held To Maturity
ProceedsFromPayoffsAndPaydownsOfSecuritiesHeldToMaturity
|
2647000 | |
CY2022Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
27598000 | |
CY2022Q1 | abr |
Due To Due From Borrowers And Reserves
DueToDueFromBorrowersAndReserves
|
12150000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
828043000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2017636000 | |
CY2023Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
1849389000 | |
CY2022Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
3035664000 | |
CY2023Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
2042692000 | |
CY2022Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
3213976000 | |
CY2023Q1 | abr |
Repayment Of Secured Loan Obligations
RepaymentOfSecuredLoanObligations
|
344547000 | |
CY2022Q1 | abr |
Repayment Of Secured Loan Obligations
RepaymentOfSecuredLoanObligations
|
441000000 | |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
82744000 | |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
137800000 | |
CY2023Q1 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
95000000 | |
CY2023Q1 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
70750000 | |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5112000 | |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5415000 | |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
9671000 | |
CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
90530000 | |
CY2022Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
72099000 | |
CY2023Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
3866000 | |
CY2022Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
13915000 | |
CY2022Q1 | abr |
Proceeds From Issuance Of Collateralized Loan Obligations
ProceedsFromIssuanceOfCollateralizedLoanObligations
|
1652812000 | |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
77571000 | |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-540035000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1157442000 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
231223000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-23366000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1248165000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
891270000 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1479388000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
867904000 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
534357000 | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
404580000 | |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
713808000 | |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
486690000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1248165000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
891270000 | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
774544000 | |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
350814000 | |
CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
704844000 | |
CY2022Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
517090000 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1479388000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
867904000 | |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
213849000 | |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
70069000 | |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1032000 | |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
741000 | |
CY2023Q1 | abr |
Preferred Stock Amount Of Accrued Dividend
PreferredStockAmountOfAccruedDividend
|
7010000 | |
CY2022Q1 | abr |
Preferred Stock Amount Of Accrued Dividend
PreferredStockAmountOfAccruedDividend
|
6138000 | |
CY2022Q1 | abr |
Stockholders Equity Including Portions Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionsAttributableToNoncontrollingInterest
|
2447000 | |
CY2023Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
747 | |
CY2022 | abr |
Mortgage Loans On Real Estate Weighted Average Interest Rate
MortgageLoansOnRealEstateWeightedAverageInterestRate
|
0.0817 | |
CY2022 | abr |
Mortgage Loans On Real Estate Remaining Maturity Period
MortgageLoansOnRealEstateRemainingMaturityPeriod
|
P20M18D | |
CY2022Q4 | abr |
First Dollar Ltv Ratio
FirstDollarLTVRatio
|
0.01 | |
CY2022Q4 | abr |
Last Dollar Ltv Ratio
LastDollarLTVRatio
|
0.76 | |
CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
132559000 | |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that could materially affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The ongoing effects of the COVID-19 pandemic have caused significant disruptions to the U.S. and global economies. Although vaccine availability and usage have continued to increase, which has led to less negative short-term effects, such as travel bans, quarantines, layoffs and shutdowns, the ongoing longer-term macroeconomic effects on inflation, interest rates, capital markets, labor shortages, property values and global supply chains continue to negatively impact many industries, including the U.S. commercial real estate market. In addition, new strains of COVID-19 continue to emerge, which may cause governments and businesses to re-impose aggressive measures to help slow its spread, making the future impact difficult to predict. The ultimate impact of COVID-19 on the economy, including rising inflation, increasing interest rates, tightening of capital markets and reduced property values, both globally and to our business, makes any estimate or assumption at March 31, 2023 inherently less certain.</p> | |
CY2023Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reclassification</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements.</p> | |
CY2023Q1 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
13643724000 | |
CY2023Q1 | abr |
Mortgage Loans On Real Estate Percentage
MortgageLoansOnRealEstatePercentage
|
1 | |
CY2023Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
715 | |
CY2023Q1 | abr |
Mortgage Loans On Real Estate Weighted Average Interest Rate
MortgageLoansOnRealEstateWeightedAverageInterestRate
|
0.0860 | |
CY2023Q1 | abr |
Mortgage Loans On Real Estate Remaining Maturity Period
MortgageLoansOnRealEstateRemainingMaturityPeriod
|
P19M6D | |
CY2023Q1 | abr |
First Dollar Ltv Ratio
FirstDollarLTVRatio
|
0.01 | |
CY2023Q1 | abr |
Last Dollar Ltv Ratio
LastDollarLTVRatio
|
0.76 | |
CY2023Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
153077000 | |
CY2023Q1 | us-gaap |
Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
|
-59662000 | |
CY2023Q1 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
13430985000 | |
CY2022Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
14456123000 | |
CY2022Q4 | abr |
Mortgage Loans On Real Estate Percentage
MortgageLoansOnRealEstatePercentage
|
1 | |
CY2022Q4 | us-gaap |
Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
|
-68890000 | |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
14254674000 | |
CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
132559000 | |
CY2023Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
20518000 | |
CY2023Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
153077000 | |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
113241000 | |
CY2022Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
3141000 | |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
116382000 | |
CY2023Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
20500000 | |
CY2023Q1 | us-gaap |
Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
|
112800000 | |
CY2022Q4 | us-gaap |
Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
|
108500000 | |
CY2023Q1 | us-gaap |
Financing Receivable Purchased With Credit Deterioration Amount At Par Value
FinancingReceivablePurchasedWithCreditDeteriorationAmountAtParValue
|
202585000 | |
CY2023Q1 | abr |
Impaired Financing Receivable Carrying Value
ImpairedFinancingReceivableCarryingValue
|
191756000 | |
CY2023Q1 | us-gaap |
Financing Receivable Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivablePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
|
93337000 | |
CY2023Q1 | abr |
Impaired Financing Receivable First Dollar Ltv Ratio
ImpairedFinancingReceivableFirstDollarLtvRatio
|
2 | |
CY2023Q1 | abr |
Impaired Financing Receivable Last Dollar Ltv Ratio
ImpairedFinancingReceivableLastDollarLtvRatio
|
96 | |
CY2022 | us-gaap |
Financing Receivable Purchased With Credit Deterioration Amount At Par Value
FinancingReceivablePurchasedWithCreditDeteriorationAmountAtParValue
|
157960000 | |
CY2022Q4 | abr |
Impaired Financing Receivable Carrying Value
ImpairedFinancingReceivableCarryingValue
|
147131000 | |
CY2022 | us-gaap |
Financing Receivable Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivablePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
|
85386000 | |
CY2022 | abr |
Impaired Financing Receivable First Dollar Ltv Ratio
ImpairedFinancingReceivableFirstDollarLtvRatio
|
3 | |
CY2022 | abr |
Impaired Financing Receivable Last Dollar Ltv Ratio
ImpairedFinancingReceivableLastDollarLtvRatio
|
96 | |
CY2023Q1 | abr |
Number Of Impaired Loans By Asset Class
NumberOfImpairedLoansByAssetClass
|
8 | |
CY2022Q4 | abr |
Number Of Impaired Loans By Asset Class
NumberOfImpairedLoansByAssetClass
|
7 | |
CY2023Q1 | abr |
Number Of Loan For Which No Provision For Loan Loss Made
NumberOfLoanForWhichNoProvisionForLoanLossMade
|
0 | |
CY2022Q4 | abr |
Number Of Loan For Which No Provision For Loan Loss Made
NumberOfLoanForWhichNoProvisionForLoanLossMade
|
0 | |
CY2023Q1 | us-gaap |
Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
|
600000 | |
CY2022Q1 | us-gaap |
Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
|
0 | |
CY2022Q1 | abr |
Financing Receivable Modifications Refinancing And Or Extensions Made Considered Trouble Debt Restructuring Number Of Loans
FinancingReceivableModificationsRefinancingAndOrExtensionsMadeConsideredTroubleDebtRestructuringNumberOfLoans
|
0 | |
CY2023Q1 | abr |
Financing Receivable Modifications Refinancing And Or Extensions Made Considered Trouble Debt Restructuring Number Of Loans
FinancingReceivableModificationsRefinancingAndOrExtensionsMadeConsideredTroubleDebtRestructuringNumberOfLoans
|
0 | |
CY2023Q1 | abr |
Interest Reserve
InterestReserve
|
118000000.0 | |
CY2022 | abr |
Interest Reserve
InterestReserve
|
123700000 | |
CY2023Q1 | abr |
Interest Reserve Number Of Loans
InterestReserveNumberOfLoans
|
479 | |
CY2022Q4 | abr |
Interest Reserve Number Of Loans
InterestReserveNumberOfLoans
|
480 | |
CY2023Q1 | abr |
Interest Reserve Unpaid Principal Balance
InterestReserveUnpaidPrincipalBalance
|
7480000000 | |
CY2022Q4 | abr |
Interest Reserve Unpaid Principal Balance
InterestReserveUnpaidPrincipalBalance
|
7700000000 | |
CY2023Q1 | abr |
Number Of Loans Sold
NumberOfLoansSold
|
4 | |
CY2023Q1 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
217400000 | |
CY2023Q1 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
468738000 | |
CY2022Q4 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
368066000 | |
CY2023Q1 | abr |
Fair Value Of Future Mortgage Servicing Rights
FairValueOfFutureMortgageServicingRights
|
7387000 | |
CY2022Q4 | abr |
Fair Value Of Future Mortgage Servicing Rights
FairValueOfFutureMortgageServicingRights
|
5557000 | |
CY2023Q1 | abr |
Unrealized Impairment Income Loss
UnrealizedImpairmentIncomeLoss
|
1565000 | |
CY2022Q4 | abr |
Unrealized Impairment Income Loss
UnrealizedImpairmentIncomeLoss
|
15703000 | |
CY2023Q1 | abr |
Loans Receivable Held For Sale Unearned Discount
LoansReceivableHeldForSaleUnearnedDiscount
|
4958000 | |
CY2022Q4 | abr |
Loans Receivable Held For Sale Unearned Discount
LoansReceivableHeldForSaleUnearnedDiscount
|
3850000 | |
CY2023Q1 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
469602000 | |
CY2022Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
354070000 | |
CY2023Q1 | abr |
Proceeds From Sale Of Loans Held For Sale Excluding Acquisition
ProceedsFromSaleOfLoansHeldForSaleExcludingAcquisition
|
932700000 | |
CY2022Q1 | abr |
Proceeds From Sale Of Loans Held For Sale Excluding Acquisition
ProceedsFromSaleOfLoansHeldForSaleExcludingAcquisition
|
1590000000 | |
CY2023Q1 | abr |
Loans Receivable Held For Sale Securitization
LoansReceivableHeldForSaleSecuritization
|
43400000 | |
CY2023Q1 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
0 | |
CY2022Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
0 | |
CY2023Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
1300000000 | |
CY2022Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
1500000000 | |
CY2023Q1 | abr |
Contractually Specified Servicing Fees Amount Gross
ContractuallySpecifiedServicingFeesAmountGross
|
29210000 | |
CY2022Q1 | abr |
Contractually Specified Servicing Fees Amount Gross
ContractuallySpecifiedServicingFeesAmountGross
|
31748000 | |
CY2023Q1 | abr |
Interest Earned On Escrows
InterestEarnedOnEscrows
|
17003000 | |
CY2022Q1 | abr |
Interest Earned On Escrows
InterestEarnedOnEscrows
|
837000 | |
CY2023Q1 | us-gaap |
Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
|
2075000 | |
CY2022Q1 | us-gaap |
Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
|
16138000 | |
CY2023Q1 | abr |
Write Offs Mortgage Servicing Rights Msrs
WriteOffsMortgageServicingRightsMsrs
|
-3307000 | |
CY2022Q1 | abr |
Write Offs Mortgage Servicing Rights Msrs
WriteOffsMortgageServicingRightsMsrs
|
-12697000 | |
CY2023Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
15416000 | |
CY2022Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
14972000 | |
CY2023Q1 | abr |
Contractually Specified Servicing Fees Amount Net
ContractuallySpecifiedServicingFeesAmountNet
|
29565000 | |
CY2022Q1 | abr |
Contractually Specified Servicing Fees Amount Net
ContractuallySpecifiedServicingFeesAmountNet
|
21054000 | |
CY2023Q1 | abr |
Held To Maturity Securities Face Value
HeldToMaturitySecuritiesFaceValue
|
232541000 | |
CY2023Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
153888000 | |
CY2023Q1 | us-gaap |
Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
|
12925000 | |
CY2023Q1 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
140963000 | |
CY2023Q1 | us-gaap |
Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
|
5025000 | |
CY2022Q4 | abr |
Held To Maturity Securities Face Value
HeldToMaturitySecuritiesFaceValue
|
234255000 | |
CY2022Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
156547000 | |
CY2022Q4 | us-gaap |
Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
|
11976000 | |
CY2022Q4 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
144571000 | |
CY2022Q4 | us-gaap |
Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
|
3153000 | |
CY2022Q4 | us-gaap |
Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
|
3153000 | |
CY2023Q1 | us-gaap |
Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
|
1872000 | |
CY2023Q1 | us-gaap |
Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
|
5025000 | |
CY2023Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
77641000 | |
CY2022Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
79130000 | |
CY2023Q1 | abr |
Affiliates Debt Instrument Principal Outstanding
AffiliatesDebtInstrumentPrincipalOutstanding
|
1688000 | |
CY2023Q1 | abr |
Equity Method Indirect Ownership Percentage
EquityMethodIndirectOwnershipPercentage
|
0.092 | |
CY2023Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
4700000 | |
CY2023Q1 | abr |
Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowings
|
3650876000 | |
CY2023Q1 | abr |
Collateral Carrying Value
CollateralCarryingValue
|
4865667000 | |
CY2023Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0706 | |
CY2022Q4 | abr |
Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowings
|
3841814000 | |
CY2022Q4 | abr |
Collateral Carrying Value
CollateralCarryingValue
|
5185293000 | |
CY2023Q1 | abr |
Repayment Amount Of Outstanding Principal Amount Of Debt
RepaymentAmountOfOutstandingPrincipalAmountOfDebt
|
47400000 | |
CY2023Q1 | us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
1 | |
CY2023Q1 | us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
1 | |
CY2023Q1 | us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
1 | |
CY2023Q1 | us-gaap |
Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
|
1 | |
CY2023Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Note 10 — Allowance for Loss-Sharing Obligations</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Our allowance for loss-sharing obligations related to the Fannie Mae DUS program is as follows (in thousands):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-0.02777481%;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:73.94%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;width:2.33%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.23%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.21%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:73.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;"></span></p></td><td style="vertical-align:bottom;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;"></span></p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:23.72%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Three Months Ended March 31, </b></p></td></tr><tr><td style="vertical-align:bottom;width:73.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"> </p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:10.7%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2023</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"> </p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:10.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td></tr><tr><td style="vertical-align:bottom;width:73.94%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Beginning balance</p></td><td style="vertical-align:bottom;width:2.33%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.23%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 57,168</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.21%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 56,064</p></td></tr><tr><td style="vertical-align:bottom;width:73.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Provisions for loss sharing </p></td><td style="vertical-align:bottom;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 4,567</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 133</p></td></tr><tr><td style="vertical-align:bottom;width:73.94%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Provisions reversal for loan repayments</p></td><td style="vertical-align:bottom;width:2.33%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.23%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (1,390)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.21%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (795)</p></td></tr><tr><td style="vertical-align:bottom;width:73.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Recoveries (charge-offs), net</p></td><td style="vertical-align:bottom;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.23%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (588)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.21%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (230)</p></td></tr><tr><td style="vertical-align:bottom;width:73.94%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Ending balance</p></td><td style="vertical-align:bottom;width:2.33%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.23%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 59,757</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.33%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.47%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.21%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55,172</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">When a loan is sold under the Fannie Mae DUS program, we undertake an obligation to partially guarantee the performance of the loan. A liability is recognized for the fair value of the guarantee obligation undertaken for the non-contingent aspect of the guarantee and is removed only upon either the expiration or settlement of the guarantee. At March 31, 2023 and 2022, we had $34.5 million and $34.4 million, respectively, of guarantee obligations included in the allowance for loss-sharing obligations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">In addition to and separately from the fair value of the guarantee, we estimate our allowance for loss-sharing under CECL over the contractual period in which we are exposed to credit risk. The current expected loss related to loss-sharing was based on a collective pooling basis with similar risk characteristics, a reasonable and supportable forecast and a reversion period based on our average historical losses through the remaining contractual term of the portfolio.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">When we settle a loss under the DUS loss-sharing model, the net loss is charged-off against the previously recorded loss-sharing obligation. The settled loss is often net of any previously advanced principal and interest payments in accordance with the DUS program, which are reflected as reductions to the proceeds needed to settle losses. At March 31, 2023 and December 31, 2022, we had outstanding advances of $0.4 million and $0.8 million, respectively, which were netted against the allowance for loss-sharing obligations. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">At March 31, 2023 and December 31, 2022, our allowance for loss-sharing obligations, associated with expected losses under CECL, was $25.3 million and $22.7 million, respectively, and represented 0.13% and 0.12%, respectively, of our Fannie Mae servicing portfolio. During the three months ended March 31, 2023, we recorded a $2.6 million increase in CECL reserves.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">At March 31, 2023 and December 31, 2022, the maximum quantifiable liability associated with our guarantees under the Fannie Mae DUS agreement was $3.58 billion and $3.49 billion, respectively. The maximum quantifiable liability is not representative of the actual loss we would incur. We would be liable for this amount only if all of the loans we service for Fannie Mae, for which we retain some risk of loss, were to default and all of the collateral underlying these loans was determined to be without value at the time of settlement.</p> | |
CY2023Q1 | abr |
Guarantee Obligations Included In Allowance For Loss Sharing Obligations
GuaranteeObligationsIncludedInAllowanceForLossSharingObligations
|
34500000 | |
CY2022Q1 | abr |
Guarantee Obligations Included In Allowance For Loss Sharing Obligations
GuaranteeObligationsIncludedInAllowanceForLossSharingObligations
|
34400000 | |
CY2023Q1 | abr |
Loss Sharing Obligations Allowance
LossSharingObligationsAllowance
|
25300000 | |
CY2022Q4 | abr |
Loss Sharing Obligations Allowance
LossSharingObligationsAllowance
|
22700000 | |
CY2023Q1 | abr |
Loss Sharing Obligations Percent
LossSharingObligationsPercent
|
0.0013 | |
CY2022 | abr |
Loss Sharing Obligations Percent
LossSharingObligationsPercent
|
0.0012 | |
CY2023Q1 | abr |
Impact Of Adopting Current Expected Credit Losses
ImpactOfAdoptingCurrentExpectedCreditLosses
|
2600000 | |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
7100000 | |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
2500000 | |
CY2023Q1 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
13643724000 | |
CY2022Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
14456123000 | |
CY2023Q1 | abr |
Loans Held For Sale Receivable Gross Commercial Real Estate
LoansHeldForSaleReceivableGrossCommercialRealEstate
|
468738000 | |
CY2022Q4 | abr |
Loans Held For Sale Receivable Gross Commercial Real Estate
LoansHeldForSaleReceivableGrossCommercialRealEstate
|
368066000 | |
CY2023Q1 | abr |
Held To Maturity Securities Notional Amount
HeldToMaturitySecuritiesNotionalAmount
|
232541000 | |
CY2022Q4 | abr |
Held To Maturity Securities Notional Amount
HeldToMaturitySecuritiesNotionalAmount
|
234255000 | |
CY2023Q1 | us-gaap |
Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
|
591688000 | |
CY2022Q4 | us-gaap |
Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
|
111950000 | |
CY2023Q1 | abr |
Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings Principal Amount
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowingsPrincipalAmount
|
3662756000 | |
CY2022Q4 | abr |
Secured Debt Repurchase Agreements And Warehouse Agreement Borrowings Principal Amount
SecuredDebtRepurchaseAgreementsAndWarehouseAgreementBorrowingsPrincipalAmount
|
3856009000 | |
CY2023Q1 | us-gaap |
Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
|
503860000 | |
CY2022Q4 | us-gaap |
Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
|
273973000 | |
CY2023Q1 | us-gaap |
Financing Receivable Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivablePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
|
93300000 | |
CY2023Q1 | abr |
Impaired Financing Receivable With Related Allowance Number Of Loans
ImpairedFinancingReceivableWithRelatedAllowanceNumberOfLoans
|
8 | |
CY2023Q1 | abr |
Impaired Financing Receivables Carrying Amount
ImpairedFinancingReceivablesCarryingAmount
|
191800000 | |
CY2023Q1 | abr |
Unrealized Impairment Loss On Impaired Loans Held For Sale
UnrealizedImpairmentLossOnImpairedLoansHeldForSale
|
1600000 | |
CY2022Q4 | abr |
Impairment Loss With Related Allowance Number Of Loans
ImpairmentLossWithRelatedAllowanceNumberOfLoans
|
10 | |
CY2023Q1 | abr |
Unrealized Impairment Losses Before Carrying Value
UnrealizedImpairmentLossesBeforeCarryingValue
|
42600000 | |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
354000 | |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
295000 | |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
15066000 | |
CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
13683000 | |
CY2023Q1 | abr |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Realized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRealized
|
14712000 | |
CY2022Q1 | abr |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Realized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsRealized
|
13388000 | |
CY2023Q1 | abr |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Unrealized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsUnrealized
|
3097000 | |
CY2022Q1 | abr |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings Unrealized
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsUnrealized
|
1355000 | |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
3097000 | |
CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
1355000 | |
CY2023Q1 | us-gaap |
Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
|
-10485000 | |
CY2023Q1 | abr |
Unrealized Impairment Losses
UnrealizedImpairmentLosses
|
1565000 | |
CY2023Q1 | abr |
Derivative Fair Value Adjustment
DerivativeFairValueAdjustment
|
8920000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
1951731000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
3006520000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
1911367000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
4915290000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
993582000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
|
187301000 | |
CY2023Q1 | us-gaap |
Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
|
174827000 | |
CY2023Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
13140618000 | |
CY2023Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2600000 | |
CY2022Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2400000 | |
CY2023Q1 | abr |
Loans And Investments Unfunded Commitments
LoansAndInvestmentsUnfundedCommitments
|
1050000000.00 | |
CY2023Q1 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
38000000 | |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
82559000 | |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
84319000 | |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
84319000 | |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
64057000 | |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
64057000 | |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7585000 | |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6816000 | |
CY2023Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
6081000 | |
CY2022Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
3995000 | |
CY2023Q1 | abr |
Net Income Loss Available To Common Stockholders Basic1
NetIncomeLossAvailableToCommonStockholdersBasic1
|
84319000 | |
CY2023Q1 | abr |
Net Income Loss Available To Common Stockholders Diluted1
NetIncomeLossAvailableToCommonStockholdersDiluted1
|
97985000 | |
CY2022Q1 | abr |
Net Income Loss Available To Common Stockholders Basic1
NetIncomeLossAvailableToCommonStockholdersBasic1
|
64057000 | |
CY2022Q1 | abr |
Net Income Loss Available To Common Stockholders Diluted1
NetIncomeLossAvailableToCommonStockholdersDiluted1
|
74868000 | |
CY2023Q1 | abr |
Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
|
181116674 | |
CY2023Q1 | abr |
Weighted Average Number Of Diluted Shares Outstanding One
WeightedAverageNumberOfDilutedSharesOutstandingOne
|
181116674 | |
CY2022Q1 | abr |
Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
|
153420238 | |
CY2022Q1 | abr |
Weighted Average Number Of Diluted Shares Outstanding One
WeightedAverageNumberOfDilutedSharesOutstandingOne
|
153420238 | |
CY2023Q1 | abr |
Incremental Common Shares Attributable To Dilutive Effect Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOperatingPartnershipUnits
|
16293589 | |
CY2022Q1 | abr |
Incremental Common Shares Attributable To Dilutive Effect Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOperatingPartnershipUnits
|
16325095 | |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
17230358 | |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
15111154 | |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
270353 | |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
574917 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
181116674 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
214910974 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
153420238 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
185431404 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.47 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.46 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.40 | |
CY2022Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
84139000 | |
CY2022Q1 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
1656000 | |
CY2022Q1 | abr |
Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
|
15312000 | |
CY2022Q1 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
36026000 | |
CY2022Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
14972000 | |
CY2022Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
295000 | |
CY2022Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
17386000 | |
CY2022Q1 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
3200000 | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000000.0 | |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8200000 | |
CY2023Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
4800000 | |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3200000 | |
CY2022Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
9900000 | |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1700000 | |
CY2023Q1 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
12500000 | |
CY2022Q4 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
12400000 | |
CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
327947000 | |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
219373000 | |
CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
108574000 | |
CY2023Q1 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
14589000 | |
CY2023Q1 | abr |
Originated Mortgage Servicing Rights Revenue
OriginatedMortgageServicingRightsRevenue
|
18458000 | |
CY2023Q1 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
44981000 | |
CY2023Q1 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
15416000 | |
CY2023Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
1381000 | |
CY2023Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
4223000 | |
CY2023Q1 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
4882000 | |
CY2023Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
73098000 | |
CY2023Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
42399000 | |
CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
13623000 | |
CY2023Q1 | abr |
Property Operating Expense
PropertyOperatingExpense
|
1383000 | |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2624000 | |
CY2023Q1 | us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
3177000 | |
CY2023Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
|
22517000 | |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
85723000 | |
CY2023Q1 | abr |
Income Loss From Continuing Operations Before Equity Method Investments Extinguishment Of Debt Sale Of Real Estate Income Taxes Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsExtinguishmentOfDebtSaleOfRealEstateIncomeTaxesNoncontrollingInterest
|
95949000 | |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
14326000 | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8029000 | |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
102246000 | |
CY2023Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
10342000 | |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
7585000 | |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
84319000 | |
CY2022Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
166698000 | |
CY2022Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
58903000 | |
CY2022Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
42025000 | |
CY2022Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
14548000 | |
CY2022Q1 | abr |
Property Operating Expense
PropertyOperatingExpense
|
535000 | |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1983000 | |
CY2022Q1 | us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
-662000 | |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
|
2358000 | |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
60787000 | |
CY2022Q1 | abr |
Income Loss From Continuing Operations Before Equity Method Investments Extinguishment Of Debt Sale Of Real Estate Income Taxes Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestmentsExtinguishmentOfDebtSaleOfRealEstateIncomeTaxesNoncontrollingInterest
|
82255000 | |
CY2022Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1350000 | |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7212000 | |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8188000 | |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
79929000 | |
CY2022Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
9056000 | |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
6816000 | |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
64057000 | |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
774544000 | |
CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
704844000 | |
CY2023Q1 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
13430985000 | |
CY2023Q1 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
469602000 | |
CY2023Q1 | us-gaap |
Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
|
396634000 | |
CY2023Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
153888000 | |
CY2023Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
77641000 | |
CY2023Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
94896000 | |
CY2023Q1 | abr |
Other Assets Consolidating Financial Information
OtherAssetsConsolidatingFinancialInformation
|
485190000 | |
CY2023Q1 | us-gaap |
Assets
Assets
|
16588224000 | |
CY2023Q1 | abr |
Debt Obligations
DebtObligations
|
12993615000 | |
CY2023Q1 | abr |
Allowance For Loss Sharing Obligations
AllowanceForLossSharingObligations
|
59757000 | |
CY2023Q1 | abr |
Other Liabilities Consolidating Financial Information
OtherLiabilitiesConsolidatingFinancialInformation
|
377395000 | |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
13430767000 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
534357000 | |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
713808000 | |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
14254674000 | |
CY2022Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
354070000 | |
CY2022Q4 | us-gaap |
Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
|
401471000 | |
CY2022Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
156547000 | |
CY2022Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
79130000 | |
CY2022Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
96069000 | |
CY2022Q4 | abr |
Other Assets Consolidating Financial Information
OtherAssetsConsolidatingFinancialInformation
|
448859000 | |
CY2022Q4 | us-gaap |
Assets
Assets
|
17038985000 | |
CY2022Q4 | abr |
Debt Obligations
DebtObligations
|
13500562000 | |
CY2022Q4 | abr |
Allowance For Loss Sharing Obligations
AllowanceForLossSharingObligations
|
57168000 | |
CY2022Q4 | abr |
Other Liabilities Consolidating Financial Information
OtherLiabilitiesConsolidatingFinancialInformation
|
409376000 | |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
13967106000 | |
CY2023Q1 | abr |
Loans Originated
LoansOriginated
|
1500110000 | |
CY2022Q1 | abr |
Loans Originated
LoansOriginated
|
975132000 |