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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 642 $ 571
Restricted cash 162 169
Mortgage servicing rights at fair value 10,352 9,090
Advances and other receivables, net of reserves of $149 and $170, respectively 934 996
Mortgage loans held for sale at fair value 1,539 927
Property and equipment, net of accumulated depreciation of $151 and $141, respectively 57 53
Deferred tax assets, net 351 472
Other assets 1,746 1,918
Total assets 15,783 14,196
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 4,141 3,151
Advance, warehouse and MSR facilities, net 4,925 4,302
Payables and other liabilities 1,684 1,995
MSR related liabilities - nonrecourse at fair value 439 466
Total liabilities 11,189 9,914
Commitments and contingencies (Note 15)
Common stock at $0.01 par value - 300 million shares authorized, 93.2 million shares issued 1 1
Additional paid-in-capital 1,058 1,087
Retained earnings 4,687 4,302
Treasury shares at cost - 28.7 million and 28.6 million shares, respectively (1,152) (1,108)
Total stockholders’ equity 4,594 4,282
Total liabilities and stockholders’ equity $ 15,783 $ 14,196