CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 180.5	$ 184.8
Restricted cash ($37.3 and $29.1 related to variable interest entities (VIEs))	84.1	80.8
Mortgage servicing rights (MSRs), at fair value	2,825.3	2,466.3
Advances, net ($364.5 and $481.8 related to VIEs)	483.4	577.2
Loans held for sale, at fair value ($1,199.8 and $575.4 related to VIEs)	1,891.7	1,290.2
Reverse loans held for sale pooled into Home Equity Conversion Mortgage Backed Securities (HMBS), at fair value	9,807.5	0.0
Loans held for investment, at fair value	0.0	11,125.3
Receivables, net ($64.2 and $31.9 related to VIEs)	189.8	176.4
Premises and equipment, net	10.8	11.0
Other assets ($28.4 and $15.7 carried at fair value) ($83.4 and $42.0 related to VIEs)	273.9	111.3
Contingent loan repurchase asset	423.6	412.2
Total assets	16,170.6	16,435.4
Liabilities
HMBS-related borrowings, at fair value	9,611.7	10,872.1
MSR related financing liabilities, at fair value	842.0	846.9
MSR financing facilities, net	1,285.2	957.9
Advance match funded liabilities ($341.4 and $416.5 related to VIEs)	341.9	417.1
Mortgage warehouse facilities	1,224.6	1,046.3
Reverse mortgage securitization notes, net (related to VIE)	899.3	481.9
Senior notes, net	489.6	487.4
Other liabilities ($10.2 and $28.0 carried at fair value)	374.9	420.6
Contingent loan repurchase liability	423.6	412.2
Total liabilities	15,492.8	15,942.5
Commitments and Contingencies (Notes 26 and 27)
Series B Preferred stock, $0.01 par value and $25.00 liquidation preference value; 2,400,000 shares authorized; 2,111,786 and 2,111,787 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	49.9	49.9
Stockholders’ Equity
Common stock, $.01 par value; 13,333,333 shares authorized; 9,208,312 and 8,687,750 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	0.1	0.1
Additional paid-in capital	556.1	559.3
Retained earnings (Accumulated deficit)	71.9	(117.6)
Accumulated other comprehensive income (loss), net of income taxes	(0.1)	1.2
Total stockholders’ equity	627.9	442.9
Total liabilities, mezzanine equity and stockholders’ equity	$ 16,170.6	$ 16,435.4