Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables present financial information by segment:

	Three Months Ended June 30, 2024
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	446	$	19	$	20	$	485
Net gain on mortgage loans held for sale	10		88		—		98
Total revenues	456		107		20		583
Total expenses	171		69		60		300
Interest income	174		15		—		189
Interest expense	(105)		(15)		(67)		(187)
Other expenses, net	—		—		(8)		(8)
Total other income (expenses), net	69		—		(75)		(6)
Income (loss) before income tax expense (benefit)	$	354	$	38	$	(115)	$	277
Depreciation and amortization for property and equipment and intangible assets	$	2	$	1	$	5	$	8
Total assets	$	12,759	$	1,398	$	1,626	$	15,783

	Three Months Ended June 30, 2023
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	365	$	16	$	21	$	402
Net gain on mortgage loans held for sale	3		81		—		84
Total revenues	368		97		21		486
Total expenses	159		59		60		278
Interest income	107		10		—		117
Interest expense	(73)		(10)		(39)		(122)
Other expenses, net	—		—		(5)		(5)
Total other income (expenses), net	34		—		(44)		(10)
Income (loss) before income tax expense (benefit)	$	243	$	38	$	(83)	$	198
Depreciation and amortization for property and equipment and intangible assets	$	3	$	2	$	4	$	9
Total assets	$	10,231	$	1,086	$	1,827	$	13,144

	Six Months Ended June 30, 2024
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	886	$	35	$	42	$	963
Net gain on mortgage loans held for sale	20		164		—		184
Total revenues	906		199		42		1,147
Total expenses	356		131		130		617
Interest income	320		27		—		347
Interest expense	(203)		(25)		(129)		(357)
Other expenses, net	—		—		(11)		(11)
Total other income (expenses), net	117		2		(140)		(21)
Income (loss) before income tax expense (benefit)	$	667	$	70	$	(228)	$	509
Depreciation and amortization for property and equipment and intangible assets	$	5	$	2	$	9	$	16
Total assets	$	12,759	$	1,398	$	1,626	$	15,783

	Six Months Ended June 30, 2023
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	596	$	27	$	40	$	663
Net gain on mortgage loans held for sale	3		150		—		153
Total revenues	599		177		40		816
Total expenses	312		115		112		539
Interest income	186		16		—		202
Interest expense	(136)		(17)		(79)		(232)
Other expenses, net	—		—		(14)		(14)
Total other income (expenses), net	50		(1)		(93)		(44)
Income (loss) before income tax expense (benefit)	$	337	$	61	$	(165)	$	233
Depreciation and amortization for property and equipment and intangible assets	$	5	$	4	$	9	$	18
Total assets	$	10,231	$	1,086	$	1,827	$	13,144