| Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following are the major categories of financial assets and liabilities measured at fair value on a recurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | Description | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | Mortgage loans at fair value | $ | — | | | $ | 7,134,960 | | | $ | — | | | $ | 7,134,960 | | | IRLCs | | — | | | — | | | 7,872 | | | 7,872 | | | FLSCs | | — | | | 74,997 | | | — | | | 74,997 | | | Investment securities at fair value, pledged | | — | | | 113,290 | | | — | | | 113,290 | | | Mortgage servicing rights | | — | | | — | | | 4,453,261 | | | 4,453,261 | | | Total assets | | $ | — | | | $ | 7,323,248 | | | $ | 4,461,133 | | | $ | 11,784,381 | | | Liabilities: | | | | | | | | | | IRLCs | | $ | — | | | $ | — | | | $ | 32,294 | | | $ | 32,294 | | | FLSCs | | — | | | 17,454 | | | — | | | 17,454 | | | Public and Private Warrants | | 1,328 | | | 445 | | | — | | | 1,773 | | | Total liabilities | | $ | 1,328 | | | $ | 17,899 | | | $ | 32,294 | | | $ | 51,521 | | | | | | | | | | | | | | December 31, 2021 | | Description | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | Mortgage loans at fair value | $ | — | | | $ | 16,909,901 | | | $ | — | | | $ | 16,909,901 | | | IRLCs | | — | | | — | | | 24,899 | | | 24,899 | | | FLSCs | | — | | | 42,457 | | | — | | | 42,457 | | | Investment securities at fair value, pledged | | — | | | 152,263 | | | — | | | 152,263 | | | Mortgage servicing rights | | — | | | — | | | 3,314,952 | | | 3,314,952 | | | Total assets | | $ | — | | | $ | 17,104,621 | | | $ | 3,339,851 | | | $ | 20,444,472 | | | Liabilities: | | | | | | | | | | IRLCs | | $ | — | | | $ | — | | | $ | 11,138 | | | $ | 11,138 | | | FLSCs | | — | | | 25,603 | | | — | | | 25,603 | | | Public and Private warrants | | 6,286 | | | 3,170 | | | — | | | 9,456 | | | Total liabilities | | $ | 6,286 | | | $ | 28,773 | | | $ | 11,138 | | | $ | 46,197 | |
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| Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis |
The following table presents the carrying amounts and estimated fair value of the Company's financial liabilities that are not measured at fair value on a recurring or nonrecurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | | | Carrying Amount | | Estimated Fair Value | | Carrying Amount | | Estimated Fair Value | | 2025 Senior Notes, due 11/15/25 | | $ | 793,703 | | | $ | 724,928 | | | $ | 791,513 | | | $ | 820,232 | | | 2029 Senior Notes, due 4/15/29 | | 694,496 | | | 565,607 | | | 693,623 | | | 686,623 | | | 2027 Senior Notes, due 6/15/27 | | 496,137 | | | 430,920 | | | 494,976 | | | 500,860 | | | | $ | 1,984,336 | | | $ | 1,721,455 | | | $ | 1,980,112 | | | $ | 2,007,715 | |
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