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Mortgage Servicing Rights and Related Liabilities - Servicing Revenue (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Transfers and Servicing [Abstract]    
Contractually specified servicing fees(1) $ 514,000,000 $ 384,000,000
Other service-related income(1) 22,000,000 14,000,000
Incentive and modification income(1) 18,000,000 6,000,000
Servicing late fees(1) 30,000,000 21,000,000
MSR MTM (189,000,000) 105,000,000
Loss (gain) on MSR hedging activities (122,000,000) 59,000,000
Loss on MSR sales (12,000,000) 0
Reclassifications(2) (6,000,000) (9,000,000)
Excess spread / MSR financing MTM (6,000,000) (6,000,000)
Total mark-to-market adjustments - Servicing (43,000,000) 61,000,000
MSR amortization 179,000,000 125,000,000
Excess spread accretion (9,000,000) (10,000,000)
Total amortization, net of accretion 170,000,000 115,000,000
Originations service fees(3) 16,000,000 11,000,000
Corporate/Xome related service fees 22,000,000 19,000,000
Other(4) 17,000,000 18,000,000
Total revenues - Service Related, net 478,000,000 261,000,000
Cash Flows Between Transferor and Transferee, Servicing Fees $ 185,000,000 $ 177,000,000