Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024
Operating Activities
Net income		$ 286	$ 385
Adjustments to reconcile net income to net cash attributable to operating activities:
Deferred tax expense		81	121
Net gain on mortgage loans held for sale		(256)	(184)
Provision for servicing and non-servicing reserves		36	11
Fair value changes in mortgage servicing rights		728	61
Fair value changes in MSR related liabilities		(8)	6
Depreciation and amortization for property and equipment and intangible assets		29	16
(Gain) loss on MSR hedging activities		(180)	225
Loss (gain) on MSR and excess yield sales		12	(11)
Other operating activities		58	45
Repurchases of loan assets out of Ginnie Mae securitizations		(947)	(744)
Mortgage loans originated and purchased for sale, net of fees		(17,844)	(6,786)
Repurchases of loan assets out of Ginnie Mae securitizations		18,556	6,946
Changes in assets and liabilities:
Advances and other receivables		166	29
Other assets		177	(71)
Payables and other liabilities		(369)	(185)
Net cash attributable to operating activities		525	(136)
Investing Activities
Property and equipment additions, net of disposals		(26)	(16)
Purchase of mortgage servicing rights		(351)	(1,498)
Proceeds on sale of mortgage servicing rights and excess yield		248	261
Other investing activities		(21)	(20)
Net cash attributable to investing activities		(150)	(1,273)
Financing Activities
(Decrease) increase in advance, warehouse and MSR facilities		(341)	621
Settlements and repayment of excess spread financing		(30)	(33)
Proceeds from Issuance of Unsecured Debt		0	1,000
Repurchase of common stock		0	(63)
Other financing activities		(26)	(52)
Net cash attributable to financing activities		(397)	1,473
Net (decrease) increase in cash, cash equivalents, and restricted cash		(22)	64
Cash, cash equivalents, and restricted cash - beginning of period		973	740
Cash, cash equivalents, and restricted cash - end of period(1)	[1]	951	804
Supplemental Disclosures of Non-cash Investing Activities
Purchase of mortgage servicing rights holdback payable		8	45
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. June 30, 2025June 30, 2024Cash and cash equivalents$783 $642 Restricted cash168 162 Total cash, cash equivalents, and restricted cash$951 $804