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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 553 $ 527
Restricted cash 151 175
Mortgage servicing rights at fair value 8,504 6,654
Advances and other receivables, net of reserves of $164 and $137, respectively 758 1,019
Mortgage loans held for sale at fair value 893 893
Property and equipment, net of accumulated depreciation of $136 and $122, respectively 59 65
Deferred tax assets, net 499 703
Other assets 2,010 2,740
Total assets 13,427 12,776
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 3,147 2,673
Advance, warehouse and MSR facilities, net 3,545 2,885
Payables and other liabilities 1,964 2,633
MSR related liabilities - nonrecourse at fair value 467 528
Total liabilities 9,123 8,719
Commitments and contingencies (Note 16)
Common stock at $0.01 par value - 300 million shares authorized, 93.2 million shares issued 1 1
Additional paid-in-capital 1,081 1,104
Retained earnings 4,256 3,802
Treasury shares at cost - 27.4 million and 24.0 million shares, respectively (1,034) (850)
Total stockholders’ equity 4,304 4,057
Total liabilities and stockholders’ equity $ 13,427 $ 12,776