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Fair Value Measurements - Fair Value by Balance Sheet Line Item (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Financial assets    
Reverse mortgage interests, net $ 5,955.0 $ 6,279.0
Mortgage loans held for sale 3,922.0 4,077.0
Derivative financial instruments 294.0 153.0
Financial liabilities    
Unsecured senior notes(1) 2,259.0 2,366.0
Advance facilities(1) 489.0 422.0
Warehouse facilities(1) 4,551.0 4,575.0
Mortgage servicing rights financing liability 43.0 37.0
Excess spread financing 1,242.0 1,311.0
Derivative financial instruments 223.0 15.0
Other nonrecourse debt 4,945.0 5,286.0
Participating interest financing(1)    
Financial liabilities    
Other nonrecourse debt 4,045.0 4,284.0
Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 297.0 333.0
Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 269.0 302.0
Trust 2018-3    
Financial liabilities    
Other nonrecourse debt 190.0 209.0
Trust 2018-2    
Financial liabilities    
Other nonrecourse debt 137.0 148.0
Recurring Fair Value Measurements    
Financial assets    
Cash and cash equivalents 579.0 329.0
Restricted cash 266.0 283.0
Advances and other receivables, net 685.0 988.0
Mortgage loans held for sale 3,922.0 4,077.0
Derivative financial instruments 294.0 153.0
Financial liabilities    
Advance facilities(1) 489.0 422.0
Warehouse facilities(1) 4,551.0 4,575.0
Mortgage servicing rights financing liability 43.0 37.0
Excess spread financing 1,242.0 1,311.0
Derivative financial instruments 223.0 15.0
Recurring Fair Value Measurements | Level 1    
Financial assets    
Cash and cash equivalents 579.0 329.0
Restricted cash 266.0 283.0
Advances and other receivables, net 0.0 0.0
Mortgage loans held for sale 0.0 0.0
Derivative financial instruments 0.0 0.0
Financial liabilities    
Advance facilities(1) 0.0 0.0
Warehouse facilities(1) 0.0 0.0
Mortgage servicing rights financing liability 0.0 0.0
Excess spread financing 0.0 0.0
Derivative financial instruments 0.0 0.0
Recurring Fair Value Measurements | Level 2    
Financial assets    
Cash and cash equivalents 0.0 0.0
Restricted cash 0.0 0.0
Advances and other receivables, net 0.0 0.0
Mortgage loans held for sale 3,922.0 4,077.0
Derivative financial instruments 294.0 153.0
Financial liabilities    
Advance facilities(1) 489.0 422.0
Warehouse facilities(1) 4,551.0 4,575.0
Mortgage servicing rights financing liability 0.0 0.0
Excess spread financing 0.0 0.0
Derivative financial instruments 223.0 15.0
Recurring Fair Value Measurements | Level 3    
Financial assets    
Cash and cash equivalents 0.0 0.0
Restricted cash 0.0 0.0
Advances and other receivables, net 685.0 988.0
Mortgage loans held for sale 0.0 0.0
Derivative financial instruments 0.0 0.0
Financial liabilities    
Advance facilities(1) 0.0 0.0
Warehouse facilities(1) 0.0 0.0
Mortgage servicing rights financing liability 43.0 37.0
Excess spread financing 1,242.0 1,311.0
Derivative financial instruments 0.0 0.0
Nonrecurring Fair Value Measurements    
Financial assets    
Reverse mortgage interests, net 5,955.0 6,279.0
Financial liabilities    
Unsecured senior notes(1) 2,259.0 2,366.0
Nonrecurring Fair Value Measurements | Participating interest financing(1)    
Financial liabilities    
Other nonrecourse debt 4,056.0 4,299.0
Nonrecurring Fair Value Measurements | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 295.0 331.0
Nonrecurring Fair Value Measurements | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 268.0 300.0
Nonrecurring Fair Value Measurements | Trust 2018-3    
Financial liabilities    
Other nonrecourse debt 189.0 208.0
Nonrecurring Fair Value Measurements | Trust 2018-2    
Financial liabilities    
Other nonrecourse debt 137.0 148.0
Nonrecurring Fair Value Measurements | Level 1    
Financial assets    
Reverse mortgage interests, net 0.0 0.0
Financial liabilities    
Unsecured senior notes(1) 2,055.0 2,505.0
Nonrecurring Fair Value Measurements | Level 1 | Participating interest financing(1)    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2018-3    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 1 | Trust 2018-2    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 2    
Financial assets    
Reverse mortgage interests, net 0.0 0.0
Financial liabilities    
Unsecured senior notes(1) 0.0 0.0
Nonrecurring Fair Value Measurements | Level 2 | Participating interest financing(1)    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2018-3    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 2 | Trust 2018-2    
Financial liabilities    
Other nonrecourse debt 0.0 0.0
Nonrecurring Fair Value Measurements | Level 3    
Financial assets    
Reverse mortgage interests, net 6,015.0 6,318.0
Financial liabilities    
Unsecured senior notes(1) 0.0 0.0
Nonrecurring Fair Value Measurements | Level 3 | Participating interest financing(1)    
Financial liabilities    
Other nonrecourse debt 4,056.0 4,299.0
Nonrecurring Fair Value Measurements | Level 3 | Trust 2019-2    
Financial liabilities    
Other nonrecourse debt 295.0 331.0
Nonrecurring Fair Value Measurements | Level 3 | Trust 2019-1    
Financial liabilities    
Other nonrecourse debt 268.0 300.0
Nonrecurring Fair Value Measurements | Level 3 | Trust 2018-3    
Financial liabilities    
Other nonrecourse debt 189.0 208.0
Nonrecurring Fair Value Measurements | Level 3 | Trust 2018-2    
Financial liabilities    
Other nonrecourse debt $ 137.0 $ 148.0