Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense were as follows:

	Year Ended December 31,
Total Income Tax Expense	2024		2023		2022
Current Income Taxes
Federal	$	1	$	3	$	(6)
State	(10)		16		8
Total current income taxes	(9)		19		2
Deferred Income Taxes
Federal	186		110		245
State	55		25		44
Total deferred income taxes	241		135		289
Total income tax expense	$	232	$	154	$	291

Schedule of Effective Income Tax Rate Reconciliation

The following table presents a reconciliation of the income tax provision computed at the U.S. federal statutory tax rate to the actual effective tax rate:

	Year Ended December 31,
Reconciliation of the Income Tax Provision	2024		2023		2022
Tax Expense at Federal Statutory Rate	$	189	$	137	$	255
Effect of:
State taxes, net of federal benefit	36		32		39
Nondeductible executive compensation	13		11		8
Share based compensation	(10)		(9)		(9)
Bargain purchase gain(1)	1		(20)		—
Other, net	3		3		(2)
Total income tax expense	$	232	$	154	$	291

Schedule of Deferred Tax Assets and Liabilities

Temporary differences and carryforwards that give rise to deferred tax assets and liabilities are comprised of the following:

Deferred Tax Assets and Liabilities	December 31, 2024		December 31, 2023
Deferred Tax Assets
Effect of:
Goodwill and intangible assets	$	470	$	585
Loss carryforwards (federal, state & capital)	121		85
Loss reserves	84		101
Accruals	15		20
Lease liability	14		22
Depreciation and amortization, net	10		8
Other, net	18		12
Total deferred tax assets	732		833
Deferred Tax Liabilities
MSR amortization and mark-to-market, net	(428)		(282)
Other investment assets	(53)		(53)
Right-of-use assets	(11)		(18)
Prepaid assets	—		(1)
Total deferred tax liabilities	(492)		(354)
Valuation allowance	(10)		(7)
Deferred tax assets, net(1)	$	230	$	472

Schedule of Unrecognized Tax Benefits Roll Forward

Below is a reconciliation of the changes in the federal and state uncertain tax position balances, exclusive of interest and penalties.

	Year Ended December 31,
Unrecognized Tax Benefits (exclusive of interest and penalties)	2024		2023		2022
Balance - beginning of year	$	6	$	—	$	—
Increases in tax positions of prior years	2		6		—
Decreases in tax positions as a result of lapses in statute	(1)		—		—
Settlements	(1)		—		—
Balance - end of year	$	6	$	6	$	—