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Mortgage Servicing Rights and Related Liabilities - Servicing Revenue (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Transfers and Servicing [Abstract]        
Contractually specified servicing fees(1) $ 440,000,000 $ 371,000,000 $ 1,231,000,000 $ 1,076,000,000
Other service-related income(1) 25,000,000 22,000,000 58,000,000 94,000,000
Incentive and modification income(1) 18,000,000 4,000,000 32,000,000 22,000,000
Servicing late fees(1) 24,000,000 19,000,000 68,000,000 57,000,000
MSR MTM (270,000,000) (239,000,000) (304,000,000) (1,363,000,000)
Loss on MSR hedging activities (192,000,000) (100,000,000) (244,000,000) (329,000,000)
(Gain) loss on MSR sales (3,000,000) (2,000,000) 29,000,000 (1,000,000)
Reclassifications(2) (8,000,000) (10,000,000) (26,000,000) (22,000,000)
Excess spread / MSR financing MTM (4,000,000) (3,000,000) 2,000,000 (134,000,000)
Total mark-to-market adjustments - Servicing (63,000,000) (124,000,000) (65,000,000) (877,000,000)
MSR amortization 171,000,000 183,000,000 444,000,000 644,000,000
Excess spread accretion (11,000,000) (14,000,000) (32,000,000) (74,000,000)
Total amortization, net of accretion 160,000,000 169,000,000 412,000,000 570,000,000
Originations service fees(3) 18,000,000 20,000,000 45,000,000 86,000,000
Corporate/Xome related service fees 22,000,000 22,000,000 62,000,000 56,000,000
Other(4) 18,000,000 18,000,000 54,000,000 88,000,000
Total revenues - Service Related, net 432,000,000 395,000,000 1,095,000,000 1,610,000,000
Cash Flows Between Transferor and Transferee, Servicing Fees $ 175,000,000 $ 172,000,000 $ 528,000,000 $ 488,000,000