Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 753	$ 571
Restricted cash	220	169
Mortgage servicing rights at fair value	11,736	9,090
Advances and other receivables, net of reserves of $112 and $170, respectively	1,345	996
Mortgage loans held for sale at fair value	2,211	927
Property and equipment, net of accumulated depreciation of $157 and $141, respectively	58	53
Deferred tax assets, net	230	472
Other assets	2,386	1,918
Total assets	18,939	14,196
Liabilities and Stockholders’ Equity
Unsecured senior notes, net	4,891	3,151
Advance, warehouse and MSR facilities, net	6,495	4,302
Payables and other liabilities	2,322	1,995
MSR related liabilities - nonrecourse at fair value	418	466
Total liabilities	14,126	9,914
Commitments and contingencies (Note 19)
Common stock at $0.01 par value - 300 million shares authorized, 93.2 million shares issued	1	1
Additional paid-in-capital	1,077	1,087
Retained earnings	4,971	4,302
Treasury shares at cost - 29.6 million and 28.6 million shares, respectively	(1,236)	(1,108)
Total stockholders’ equity	4,813	4,282
Total liabilities and stockholders’ equity	$ 18,939	$ 14,196