Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net income		$ 385	$ 179
Adjustments to reconcile net income to net cash attributable to operating activities:
Deferred tax expense		121	46
Net gain on mortgage loans held for sale		(184)	(153)
Provision for servicing and non-servicing reserves		11	18
Fair value changes in mortgage servicing rights		61	239
Fair value changes in MSR related liabilities		6	(6)
Depreciation and amortization for property and equipment and intangible assets		16	18
Loss on MSR hedging activities		225	52
Gain on MSR and excess yield sales		(11)	(32)
Other operating activities		45	34
Repurchases of loan assets out of Ginnie Mae securitizations		(744)	(547)
Mortgage loans originated and purchased for sale, net of fees		(6,786)	(6,593)
Repurchases of loan assets out of Ginnie Mae securitizations		6,946	6,842
Changes in assets and liabilities:
Advances and other receivables		29	197
Other assets		(71)	(39)
Payables and other liabilities		(185)	(106)
Net cash attributable to operating activities		(136)	149
Investing Activities
Acquisition of assets		0	34
Property and equipment additions, net of disposals		(16)	(10)
Purchase of mortgage servicing rights		(1,498)	(841)
Proceeds on sale of mortgage servicing rights and excess yield		261	312
Other investing activities		(20)	(3)
Net cash attributable to investing activities		(1,273)	(576)
Financing Activities
Increase in advance, warehouse and MSR facilities		621	630
Settlements and repayment of excess spread financing		(33)	(40)
Proceeds from Issuance of Unsecured Debt		1,000	0
Repurchase of common stock		(63)	(146)
Other financing activities		(52)	(32)
Net cash attributable to financing activities		1,473	412
Net increase (decrease) in cash, cash equivalents, and restricted cash		64	(15)
Cash, cash equivalents, and restricted cash - beginning of period		740	702
Cash, cash equivalents, and restricted cash - end of period(1)	[1]	804	687
Supplemental Disclosures of Non-cash Investing Activities
Purchase of mortgage servicing rights holdback payable		45	57
Sale of mortgage servicing rights holdback receivable		$ 2	$ 0

[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the condensed consolidated balance sheets. June 30, 2024June 30, 2023Cash and cash equivalents$642 $517 Restricted cash162 170 Total cash, cash equivalents, and restricted cash$804 $687