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Fair Value Measurements - Fair Value by Balance Sheet Line Item (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Financial assets    
Reverse mortgage interests, net $ 5,091 $ 5,253
Loans subject to repurchase from Ginnie Mae 5,816 6,159
Financial liabilities    
Unsecured senior notes, net 2,074 2,074
Advance and warehouse facilities, net 7,379 6,763
Other nonrecourse debt 4,221 4,424
Recurring Fair Value Measurements    
Financial assets    
Cash and cash equivalents 674 695
Restricted cash 261 218
Loans subject to repurchase from Ginnie Mae 5,816 6,159
Financial liabilities    
Unsecured senior notes, net 2,074 2,074
Advance and warehouse facilities, net 7,379 6,763
Liability for loans subject to repurchase from Ginnie Mae 5,816 6,159
Recurring Fair Value Measurements | Level 1    
Financial assets    
Cash and cash equivalents 674 695
Restricted cash 261 218
Loans subject to repurchase from Ginnie Mae 0 0
Financial liabilities    
Unsecured senior notes, net 2,120 2,208
Advance and warehouse facilities, net 0 0
Liability for loans subject to repurchase from Ginnie Mae 0 0
Recurring Fair Value Measurements | Level 2    
Financial assets    
Cash and cash equivalents 0 0
Restricted cash 0 0
Loans subject to repurchase from Ginnie Mae 5,816 6,159
Financial liabilities    
Unsecured senior notes, net 0 0
Advance and warehouse facilities, net 7,388 6,774
Liability for loans subject to repurchase from Ginnie Mae 5,816 6,159
Recurring Fair Value Measurements | Level 3    
Financial assets    
Cash and cash equivalents 0 0
Restricted cash 0 0
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
Nonrecurring Fair Value Measurements    
Financial assets    
Advances and other receivables, net 838 940
Reverse mortgage interests, net 5,091 5,253
Nonrecurring Fair Value Measurements | Participating interest financing    
Financial liabilities    
Other nonrecourse debt 3,318 3,485
Nonrecurring Fair Value Measurements | Trust 2020-1    
Financial liabilities    
Other nonrecourse debt 469 488
Nonrecurring Fair Value Measurements | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 231 240
Nonrecurring Fair Value Measurements | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 203 211
Nonrecurring Fair Value Measurements | Level 1    
Financial assets    
Advances and other receivables, net 0 0
Reverse mortgage interests, net 0 0
Nonrecurring Fair Value Measurements | Level 1 | Participating interest financing    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2020-1    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 2    
Financial assets    
Advances and other receivables, net 0 0
Reverse mortgage interests, net 0 0
Nonrecurring Fair Value Measurements | Level 2 | Participating interest financing    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2020-1    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 0 0
Nonrecurring Fair Value Measurements | Level 3    
Financial assets    
Advances and other receivables, net 838 940
Reverse mortgage interests, net 5,166 5,383
Nonrecurring Fair Value Measurements | Level 3 | Participating interest financing    
Financial liabilities    
Other nonrecourse debt 3,319 3,496
Nonrecurring Fair Value Measurements | Level 3 | Trust 2020-1    
Financial liabilities    
Other nonrecourse debt 471 490
Nonrecurring Fair Value Measurements | Level 3 | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 231 241
Nonrecurring Fair Value Measurements | Level 3 | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt $ 203 $ 212