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Mortgage Servicing Rights and Related Liabilities - Servicing Revenue (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Transfers and Servicing [Abstract]        
Contractually specified servicing fees(1) $ 556 $ 440 $ 1,617 $ 1,231
Other service-related income(1) 18 25 56 58
Incentive and modification income(1) 16 18 50 32
Servicing late fees(1) 33 24 94 68
MSR MTM 388 (270) 44 (304)
(Gain) loss on MSR hedging activities 289 (192) 64 (244)
Gain on MSR and excess yield sales (1) (3) 10 29
Reclassifications to reserve provision(2) (5) (8) (17) (26)
Excess spread / MSR financing MTM (20) (4) (26) 2
Total mark-to-market adjustments - Servicing 125 (63) 13 (65)
MSR amortization 245 171 650 444
Excess spread accretion (10) (11) (28) (32)
Total amortization, net of accretion 235 160 622 412
Originations service related fees(3) 24 18 59 45
Corporate/Xome service related fees 18 22 60 62
Other(4) 17 18 50 54
Total revenues - Service related, net 288 432 1,251 1,095
Cash Flows Between Transferor and Transferee, Servicing Fees $ 189 $ 175 $ 563 $ 528