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Segment Information - Financial Information (Details) - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2018
Jul. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Revenues:        
Service related, net $ 418 $ 901 $ 423 $ 909
Net gain on mortgage loans held for sale 176 295 2,310 1,098
Total revenues 594 1,196 2,733 2,007
Total expenses 707 945 1,831 1,851
Other income (expenses), net:        
Interest income 256 333 334 605
Interest expense (293) (388) (702) (779)
Other income (expenses), net 13 6 (135) 15
Total other income (expenses), net (24) (49) (503) (159)
Income (loss) before income tax expense (benefit) (137) 202 399 (3)
Depreciation and amortization for property and equipment and intangible assets 39 33 74 91
Total assets 16,973 17,026 24,165 18,305
Eliminations/ Reclassifications        
Revenues:        
Service related, net   (25)    
Net gain on mortgage loans held for sale   25    
Total revenues   0    
Total expenses   0    
Other income (expenses), net:        
Interest income   0    
Interest expense   0    
Other income (expenses), net   0    
Total other income (expenses), net   0    
Income (loss) before income tax expense (benefit)   0    
Depreciation and amortization for property and equipment and intangible assets   0    
Total assets   (3,591)    
Operating Segments        
Revenues:        
Service related, net   900    
Net gain on mortgage loans held for sale   295    
Total revenues   1,195    
Total expenses   842    
Other income (expenses), net:        
Interest income   326    
Interest expense   (305)    
Other income (expenses), net   8    
Total other income (expenses), net   29    
Income (loss) before income tax expense (benefit)   382    
Depreciation and amortization for property and equipment and intangible assets   29    
Total assets   16,113    
Operating Segments | Servicing        
Revenues:        
Service related, net 217 740 (115) 408
Net gain on mortgage loans held for sale 19 0 222 124
Total revenues 236 740 107 532
Total expenses 303 474 539 690
Other income (expenses), net:        
Interest income 222 288 237 500
Interest expense (173) (268) (442) (469)
Other income (expenses), net 6 (1) 0 4
Total other income (expenses), net 55 19 (205) 35
Income (loss) before income tax expense (benefit) (12) 285 (637) (123)
Depreciation and amortization for property and equipment and intangible assets 9 15 20 19
Total assets 13,460 14,578 16,173 11,743
Operating Segments | Originations        
Revenues:        
Service related, net 24 36 105 80
Net gain on mortgage loans held for sale 157 270 2,088 963
Total revenues 181 306 2,193 1,043
Total expenses 155 245 746 568
Other income (expenses), net:        
Interest income 27 38 95 98
Interest expense (26) (37) (78) (98)
Other income (expenses), net 5 0 0 4
Total other income (expenses), net 6 1 17 4
Income (loss) before income tax expense (benefit) 32 62 1,464 479
Depreciation and amortization for property and equipment and intangible assets 5 7 18 18
Total assets 1,498 4,701 5,447 4,313
Operating Segments | Xome        
Revenues:        
Service related, net 177 149 433 422
Net gain on mortgage loans held for sale 0 0 0 0
Total revenues 177 149 433 422
Total expenses 178 123 389 398
Other income (expenses), net:        
Interest income 0 0 0 0
Interest expense (1) 0 0 0
Other income (expenses), net 1 9 4 14
Total other income (expenses), net 0 9 4 14
Income (loss) before income tax expense (benefit) (1) 35 48 38
Depreciation and amortization for property and equipment and intangible assets 5 7 15 14
Total assets 167 425 128 139
Corporate/ Other        
Revenues:        
Service related, net 0 1 0 (1)
Net gain on mortgage loans held for sale 0 0 0 11
Total revenues 0 1 0 10
Total expenses 71 103 157 195
Other income (expenses), net:        
Interest income 7 7 2 7
Interest expense (93) (83) (182) (212)
Other income (expenses), net 1 (2) (139) (7)
Total other income (expenses), net (85) (78) (319) (212)
Income (loss) before income tax expense (benefit) (156) (180) (476) (397)
Depreciation and amortization for property and equipment and intangible assets 20 4 21 40
Total assets $ 1,848 $ 913 $ 2,417 $ 2,110