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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 571 $ 527
Restricted cash 169 175
Mortgage servicing rights at fair value 9,090 6,654
Advances and other receivables, net of reserves of $170 and $137, respectively 996 1,019
Mortgage loans held for sale at fair value 927 893
Property and equipment, net of accumulated depreciation of $141 and $122, respectively 53 65
Deferred tax assets, net 472 703
Other assets 1,918 2,740
Total assets 14,196 12,776
Liabilities and Stockholders’ Equity    
Unsecured senior notes, net 3,151 2,673
Advance, warehouse and MSR facilities, net 4,302 2,885
Payables and other liabilities 1,995 2,633
MSR related liabilities - nonrecourse at fair value 466 528
Total liabilities 9,914 8,719
Commitments and contingencies (Note 20)
Common stock at $0.01 par value - 300 million shares authorized, 93.2 million shares issued 1 1
Additional paid-in-capital 1,087 1,104
Retained earnings 4,302 3,802
Treasury shares at cost - 28.6 million and 24.0 million shares, respectively (1,108) (850)
Total stockholders’ equity 4,282 4,057
Total liabilities and stockholders’ equity $ 14,196 $ 12,776