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Mortgage Servicing Rights and Related Liabilities - Servicing Revenue (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Transfers and Servicing [Abstract]        
Contractually specified servicing fees(1) $ 407,000,000 $ 378,000,000 $ 791,000,000 $ 705,000,000
Other service-related income(1) 19,000,000 39,000,000 33,000,000 72,000,000
Incentive and modification income(1) 8,000,000 9,000,000 14,000,000 18,000,000
Servicing late fees(1) 23,000,000 19,000,000 44,000,000 38,000,000
MSR MTM (139,000,000) (326,000,000) (34,000,000) (1,124,000,000)
Loss on MSR hedging activities (111,000,000) (89,000,000) (52,000,000) (229,000,000)
Gain on MSR sales 32,000,000 1,000,000 32,000,000 1,000,000
Reclassifications(2) (9,000,000) (6,000,000) (18,000,000) (12,000,000)
Excess spread /MSR financing MTM 12,000,000 (32,000,000) 6,000,000 (131,000,000)
Total mark-to-market adjustments - Servicing (63,000,000) (200,000,000) (2,000,000) (753,000,000)
MSR amortization 148,000,000 226,000,000 273,000,000 461,000,000
Excess spread accretion (11,000,000) (27,000,000) (21,000,000) (60,000,000)
Total amortization, net of accretion 137,000,000 199,000,000 252,000,000 401,000,000
Originations service fees(3) 16,000,000 24,000,000 27,000,000 66,000,000
Corporate/Xome related service fees 21,000,000 22,000,000 40,000,000 34,000,000
Other(4) 18,000,000 32,000,000 36,000,000 70,000,000
Total revenues - Service Related, net 402,000,000 460,000,000 663,000,000 1,215,000,000
Cash Flows Between Transferor and Transferee, Servicing Fees $ 176,000,000 $ 170,000,000 $ 353,000,000 $ 316,000,000