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Fair Value Measurements - Fair Value by Balance Sheet Line Item (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Financial assets    
Reverse mortgage interests, net $ 5,253 $ 6,279
Financial liabilities    
Unsecured senior notes, net 2,074 2,366
Advance and warehouse facilities, net 6,763 4,997
Non-recourse debt 4,424 5,286
Fair Value, Recurring    
Financial assets    
Cash and cash equivalents 695 329
Restricted cash 218 283
Advances and other receivables, net   988
Loans subject to repurchase from Ginnie Mae 6,159 560
Financial liabilities    
Unsecured senior notes, net 2,074 2,366
Advance and warehouse facilities, net 6,763 4,997
Liability for loans subject to repurchase from Ginnie Mae 6,159 560
Fair Value, Recurring | Level 1    
Financial assets    
Cash and cash equivalents 695 329
Restricted cash 218 283
Advances and other receivables, net   0
Loans subject to repurchase from Ginnie Mae 0 0
Financial liabilities    
Unsecured senior notes, net 2,208 2,505
Advance and warehouse facilities, net 0 0
Liability for loans subject to repurchase from Ginnie Mae 0 0
Fair Value, Recurring | Level 2    
Financial assets    
Cash and cash equivalents 0 0
Restricted cash 0 0
Advances and other receivables, net   0
Loans subject to repurchase from Ginnie Mae 6,159 560
Financial liabilities    
Unsecured senior notes, net 0 0
Advance and warehouse facilities, net 6,774 4,997
Liability for loans subject to repurchase from Ginnie Mae 6,159 560
Fair Value, Recurring | Level 3    
Financial assets    
Cash and cash equivalents 0 0
Restricted cash 0 0
Advances and other receivables, net   988
Loans subject to repurchase from Ginnie Mae 0 0
Financial liabilities    
Unsecured senior notes, net 0 0
Advance and warehouse facilities, net 0 0
Liability for loans subject to repurchase from Ginnie Mae 0 0
Fair Value, Nonrecurring    
Financial assets    
Advances and other receivables, net 940  
Reverse mortgage interests, net 5,253 6,279
Fair Value, Nonrecurring | Participating interest financing    
Financial liabilities    
Non-recourse debt 3,485 4,299
Fair Value, Nonrecurring | Trust 2020-1    
Financial liabilities    
Non-recourse debt 488  
Fair Value, Nonrecurring | Trust 2019-2    
Financial liabilities    
Non-recourse debt   331
Fair Value, Nonrecurring | Trust 2019-1    
Financial liabilities    
Non-recourse debt 240 300
Fair Value, Nonrecurring | Trust 2018-3    
Financial liabilities    
Non-recourse debt 211 208
Fair Value, Nonrecurring | Trust 2018-2    
Financial liabilities    
Non-recourse debt   148
Fair Value, Nonrecurring | Level 1    
Financial assets    
Advances and other receivables, net 0  
Reverse mortgage interests, net 0 0
Fair Value, Nonrecurring | Level 1 | Participating interest financing    
Financial liabilities    
Non-recourse debt 0 0
Fair Value, Nonrecurring | Level 1 | Trust 2020-1    
Financial liabilities    
Non-recourse debt  
Fair Value, Nonrecurring | Level 1 | Trust 2019-2    
Financial liabilities    
Non-recourse debt   0
Fair Value, Nonrecurring | Level 1 | Trust 2019-1    
Financial liabilities    
Non-recourse debt 0 0
Fair Value, Nonrecurring | Level 1 | Trust 2018-3    
Financial liabilities    
Non-recourse debt 0 0
Fair Value, Nonrecurring | Level 1 | Trust 2018-2    
Financial liabilities    
Non-recourse debt   0
Fair Value, Nonrecurring | Level 2    
Financial assets    
Advances and other receivables, net 0  
Reverse mortgage interests, net 0 0
Fair Value, Nonrecurring | Level 2 | Participating interest financing    
Financial liabilities    
Non-recourse debt 0 0
Fair Value, Nonrecurring | Level 2 | Trust 2020-1    
Financial liabilities    
Non-recourse debt  
Fair Value, Nonrecurring | Level 2 | Trust 2019-2    
Financial liabilities    
Non-recourse debt   0
Fair Value, Nonrecurring | Level 2 | Trust 2019-1    
Financial liabilities    
Non-recourse debt 0 0
Fair Value, Nonrecurring | Level 2 | Trust 2018-3    
Financial liabilities    
Non-recourse debt 0 0
Fair Value, Nonrecurring | Level 2 | Trust 2018-2    
Financial liabilities    
Non-recourse debt   0
Fair Value, Nonrecurring | Level 3    
Financial assets    
Advances and other receivables, net 940  
Reverse mortgage interests, net 5,383 6,318
Fair Value, Nonrecurring | Level 3 | Participating interest financing    
Financial liabilities    
Non-recourse debt 3,496 4,299
Fair Value, Nonrecurring | Level 3 | Trust 2020-1    
Financial liabilities    
Non-recourse debt 490  
Fair Value, Nonrecurring | Level 3 | Trust 2019-2    
Financial liabilities    
Non-recourse debt   331
Fair Value, Nonrecurring | Level 3 | Trust 2019-1    
Financial liabilities    
Non-recourse debt 241 300
Fair Value, Nonrecurring | Level 3 | Trust 2018-3    
Financial liabilities    
Non-recourse debt $ 212 208
Fair Value, Nonrecurring | Level 3 | Trust 2018-2    
Financial liabilities    
Non-recourse debt   $ 148