Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Operating Activities
Net income		$ 88	$ 181
Adjustments to reconcile net income to net cash attributable to operating activities:
Deferred tax expense		13	46
Net gain on mortgage loans held for sale		(120)	(86)
Provision for servicing and non-servicing reserves		14	15
Fair value changes in mortgage servicing rights		505	(10)
Fair value changes in MSR related liabilities		(5)	6
Depreciation and amortization for property and equipment and intangible assets		18	8
(Gain) loss on MSR hedging activities		(209)	122
Loss on MSR and excess yield sales		15	12
Other operating activities		32	18
Repurchases of loan assets out of Ginnie Mae securitizations		(545)	(386)
Mortgage loans originated and purchased for sale, net of fees		(8,353)	(2,942)
Repurchases of loan assets out of Ginnie Mae securitizations		8,478	3,195
Changes in assets and liabilities:
Advances and other receivables		262	56
Other assets		295	(56)
Payables and other liabilities		(261)	(151)
Net cash attributable to operating activities		227	28
Investing Activities
Property and equipment additions, net of disposals		(13)	(8)
Purchase of mortgage servicing rights		(149)	(740)
Proceeds on sale of mortgage servicing rights and excess yield		159	38
Other investing activities		(21)	(5)
Net cash attributable to investing activities		(24)	(715)
Financing Activities
Decrease in advance, warehouse and MSR facilities		(186)	(215)
Settlements and repayment of excess spread financing		(15)	(17)
Proceeds from Issuance of Unsecured Debt		0	1,000
Repurchase of common stock		0	(39)
Other financing activities		(25)	(47)
Net cash attributable to financing activities		(226)	682
Net decrease in cash, cash equivalents, and restricted cash		(23)	(5)
Cash, cash equivalents, and restricted cash - beginning of period		973	740
Cash, cash equivalents, and restricted cash - end of period(1)	[1]	950	735
Supplemental Disclosures of Non-cash Investing Activities
Purchase of mortgage servicing rights holdback payable		2	48
Sale of mortgage servicing rights holdback receivable		$ 9	$ 2

[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the condensed consolidated balance sheets. March 31, 2025March 31, 2024Cash and cash equivalents$784 $578 Restricted cash166 157 Total cash, cash equivalents, and restricted cash$950 $735