Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Operating Activities
Net loss		$ (98)	$ (274)
Adjustments to reconcile net loss to net cash attributable to operating activities:
Deferred tax benefit		(49)	(76)
Net gain on mortgage loans held for sale		(949)	(428)
Interest income on reverse mortgage loans		(117)	(167)
Provision for servicing and non-servicing reserves		11	30
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities		999	695
Fair value changes in excess spread financing		(101)	(74)
Fair value changes in mortgage servicing rights financing liability		12	11
Fair value changes in mortgage loans held for investment		0	(3)
Amortization of premiums, net of discount accretion		34	(25)
Depreciation and amortization for property and equipment and intangible assets		37	45
Share-based compensation		10	9
Other loss		8	0
Repurchases of forward loan assets out of Ginnie Mae securitizations		(2,092)	(715)
Mortgage loans originated and purchased for sale, net of fees		(23,110)	(15,727)
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment		26,606	15,429
Changes in assets and liabilities:
Advances and other receivables		313	249
Reverse mortgage interests		751	1,056
Other assets		(616)	(118)
Payables and other liabilities		417	31
Net cash attributable to operating activities		2,066	(52)
Investing Activities
Acquisitions, net of cash acquired		0	(85)
Property and equipment additions, net of disposals		(26)	(27)
Purchase of forward mortgage servicing rights, net of liabilities incurred		(31)	(409)
Proceeds on sale of forward and reverse mortgage servicing rights		43	279
Net cash attributable to investing activities		(14)	(242)
Financing Activities
(Decrease) increase in warehouse facilities		(544)	1,173
Increase (decrease) in advance facilities		58	(40)
Repayment of notes payable		0	(294)
Proceeds from HECM securitizations		0	398
Proceeds from sale of HECM securitizations		0	20
Repayment of HECM securitizations		(168)	(434)
Proceeds from issuance of participating interest financing in reverse mortgage interests		99	156
Repayment of participating interest financing in reverse mortgage interests		(598)	(1,004)
Proceeds from the issuance of excess spread financing		24	437
Settlements and repayments of excess spread financing		(110)	(119)
Issuance of unsecured senior debt		600	0
Repayment of nonrecourse debt – legacy assets		0	(6)
Redemption and repayment of unsecured senior notes		(698)	0
Repayment of finance lease liability		(1)	(2)
Surrender of shares relating to stock vesting		(5)	(2)
Debt financing costs		(20)	(1)
Net cash attributable to financing activities		(1,363)	282
Net increase (decrease) in cash, cash equivalents, and restricted cash		689	(12)
Cash, cash equivalents, and restricted cash - beginning of period		612	561
Cash, cash equivalents, and restricted cash - end of period	[1]	1,301	549
Supplemental Disclosures of Cash Activities
Cash paid for interest expense		89	74
Net cash paid (refunded) for income taxes		3	(1)
Total cash, cash equivalents, and restricted cash	[1]	$ 1,301	$ 549

[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash to amount reported within the consolidated balance sheets.