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v3.23.3

Fair Value Measurements - Measured on a Recurring Basis (Details) - USD ($) $ in Millions | Sep. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022
--- | --- | --- | ---
Assets |  |  |
Mortgage loans held for sale | $ 893 | $ 893 |
Liabilities |  |  |
Mortgage servicing rights financing | 21 | 19 |
Treasury futures |  |  |
Assets |  |  |
Fair Value |  |  | $ 62
Recurring Fair Value Measurements |  |  |
Assets |  |  |
Mortgage loans held for sale | 893 | 893 |
Mortgage servicing rights | 8,504 | 6,654 |
Equity investments | 9 | 47 |
Liabilities |  |  |
Mortgage servicing rights financing | 21 | 19 |
Excess spread financing | 446 | 509 |
Recurring Fair Value Measurements | IRLCs |  |  |
Assets |  |  |
Fair Value | 22 | 22 |
Recurring Fair Value Measurements | LPCs |  |  |
Assets |  |  |
Fair Value | 1 | 1 |
Fair Value | 2 | 1 |
Recurring Fair Value Measurements | Forward MBS trades |  |  |
Assets |  |  |
Fair Value | 13 | 8 |
Fair Value | 28 | 9 |
Recurring Fair Value Measurements | Treasury futures |  |  |
Assets |  |  |
Fair Value | 65 | 14 |
Recurring Fair Value Measurements | Level 1 |  |  |
Assets |  |  |
Mortgage loans held for sale | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Equity investments | 1 | 2 |
Liabilities |  |  |
Mortgage servicing rights financing | 0 | 0 |
Excess spread financing | 0 | 0 |
Recurring Fair Value Measurements | Level 1 | IRLCs |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 1 | LPCs |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 1 | Forward MBS trades |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 1 | Treasury futures |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 2 |  |  |
Assets |  |  |
Mortgage loans held for sale | 792 | 819 |
Mortgage servicing rights | 0 | 0 |
Equity investments | 0 | 0 |
Liabilities |  |  |
Mortgage servicing rights financing | 0 | 0 |
Excess spread financing | 0 | 0 |
Recurring Fair Value Measurements | Level 2 | IRLCs |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 2 | LPCs |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 2 | Forward MBS trades |  |  |
Assets |  |  |
Fair Value | 13 | 8 |
Fair Value | 28 | 9 |
Recurring Fair Value Measurements | Level 2 | Treasury futures |  |  |
Assets |  |  |
Fair Value | 65 | 14 |
Recurring Fair Value Measurements | Level 3 |  |  |
Assets |  |  |
Mortgage loans held for sale | 101 | 74 |
Mortgage servicing rights | 8,504 | 6,654 |
Equity investments | 8 | 45 |
Liabilities |  |  |
Mortgage servicing rights financing | 21 | 19 |
Excess spread financing | 446 | 509 |
Recurring Fair Value Measurements | Level 3 | IRLCs |  |  |
Assets |  |  |
Fair Value | 22 | 22 |
Recurring Fair Value Measurements | Level 3 | LPCs |  |  |
Assets |  |  |
Fair Value | 1 | 1 |
Fair Value | 2 | 1 |
Recurring Fair Value Measurements | Level 3 | Forward MBS trades |  |  |
Assets |  |  |
Fair Value | 0 | 0 |
Fair Value | 0 | 0 |
Recurring Fair Value Measurements | Level 3 | Treasury futures |  |  |
Assets |  |  |
Fair Value | $ 0 | $ 0 |

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