Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables present financial information by segment:

	Three Months Ended September 30, 2024
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	246	$	24	$	18	$	288
Net gain on mortgage loans held for sale	10		126		—		136
Total revenues	256		150		18		424
Total expenses	180		83		72		335
Interest income	201		25		1		227
Interest expense	(100)		(23)		(76)		(199)
Other expenses, net	—		—		(5)		(5)
Total other income (expenses), net	101		2		(80)		23
Income (loss) before income tax expense (benefit)	$	177	$	69	$	(134)	$	112
Depreciation and amortization for property and equipment and intangible assets	$	2	$	—	$	7	$	9
Total assets	$	12,462	$	2,001	$	1,723	$	16,186

	Three Months Ended September 30, 2023
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	392	$	18	$	22	$	432
Net gain on mortgage loans held for sale	72		70		—		142
Total revenues	464		88		22		574
Total expenses	172		58		71		301
Interest income	157		10		—		167
Interest expense	(88)		(11)		(47)		(146)
Other income, net	—		—		58		58
Total other income (expenses), net	69		(1)		11		79
Income (loss) before income tax expense (benefit)	$	361	$	29	$	(38)	$	352
Depreciation and amortization for property and equipment and intangible assets	$	4	$	2	$	4	$	10
Total assets	$	10,916	$	868	$	1,643	$	13,427

	Nine Months Ended September 30, 2024
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	1,132	$	59	$	60	$	1,251
Net gain on mortgage loans held for sale	30		290		—		320
Total revenues	1,162		349		60		1,571
Total expenses	536		214		202		952
Interest income	521		52		1		574
Interest expense	(303)		(48)		(205)		(556)
Other expenses, net	—		—		(16)		(16)
Total other income (expenses), net	218		4		(220)		2
Income (loss) before income tax expense (benefit)	$	844	$	139	$	(362)	$	621
Depreciation and amortization for property and equipment and intangible assets	$	7	$	2	$	16	$	25
Total assets	$	12,462	$	2,001	$	1,723	$	16,186

	Nine Months Ended September 30, 2023
Financial Information by Segment	Servicing		Originations		Corporate/Other		Consolidated
Revenues
Service related, net	$	988	$	45	$	62	$	1,095
Net gain on mortgage loans held for sale	75		220		—		295
Total revenues	1,063		265		62		1,390
Total expenses	484		173		183		840
Interest income	343		26		—		369
Interest expense	(224)		(28)		(126)		(378)
Other income, net	—		—		44		44
Total other income (expenses), net	119		(2)		(82)		35
Income (loss) before income tax expense (benefit)	$	698	$	90	$	(203)	$	585
Depreciation and amortization for property and equipment and intangible assets	$	9	$	6	$	13	$	28
Total assets	$	10,916	$	868	$	1,643	$	13,427