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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense for continuing operations were as follows:
| Year Ended December 31,
Total Income Tax Expense on continuing operations | 2023 |  | 2022 |  | 2021(1)
Current Income Taxes |  |  |  |  |
Federal | $ | 3 |  |  | $ | (6) |  |  | $ | 7 |
State | 16 |  |  | 8 |  |  | 113 |
Total current income taxes | 19 |  |  | 2 |  |  | 120 |
Deferred Income Taxes |  |  |  |  |
Federal | 110 |  |  | 245 |  |  | 376 |
State | 25 |  |  | 44 |  |  | (25) |
Total deferred income taxes | 135 |  |  | 289 |  |  | 351 |
Total income tax expense | $ | 154 |  |  | $ | 291 |  |  | $ | 471 |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents a reconciliation of the income tax provision computed at the U.S. federal statutory tax rate to the actual effective tax rate:
| Year Ended December 31,
Reconciliation of the Income Tax Provision | 2023 |  | 2022 |  | 2021
Tax Expense at Federal Statutory Rate | $ | 137 |  |  | $ | 255 |  |  | $ | 407 |
Effect of: |  |  |  |  |
State taxes, net of federal benefit | 32 |  |  | 39 |  |  | 70 |
Bargain purchase gain(1) | (20) |  |  | — |  |  | — |
Nondeductible executive compensation | 11 |  |  | 8 |  |  | 9 |
Share based compensation | (9) |  |  | (9) |  |  | (8) |
Other, net | 3 |  |  | (2) |  |  | (7) |
Total income tax expense | $ | 154 |  |  | $ | 291 |  |  | $ | 471 |
Schedule of Deferred Tax Assets and Liabilities | Temporary differences and carryforwards that give rise to deferred tax assets and liabilities are comprised of the following:
Deferred Tax Assets and Liabilities | December 31, 2023 |  | December 31, 2022
Deferred Tax Assets |  |  |
Effect of: |  |  |
Goodwill and intangible assets | $ | 585 |  |  | $ | 827 |
Loss reserves | 101 |  |  | 84 |
Loss carryforwards (federal, state & capital) | 85 |  |  | 104 |
Lease liability | 22 |  |  | 28 |
Accruals | 20 |  |  | 11 |
Depreciation and amortization, net | 8 |  |  | — |
Other, net | 12 |  |  | 19 |
Total deferred tax assets | 833 |  |  | 1,073 |
Deferred Tax Liabilities |  |  |
MSR amortization and mark-to-market, net | (282) |  |  | (269) |
Other investment assets | (53) |  |  | (67) |
Right-of-use assets | (18) |  |  | (24) |
Depreciation and amortization, net | — |  |  | (2) |
Prepaid assets | (1) |  |  | (1) |
Total deferred tax liabilities | (354) |  |  | (363) |
Valuation allowance | (7) |  |  | (7) |
Deferred tax assets, net(1) | $ | 472 |  |  | $ | 703 |
Schedule of Unrecognized Tax Benefits Roll Forward | Below is a reconciliation of the changes in the federal and state uncertain tax position balances, exclusive of interest and penalties, for the year ended December 31, 2023.
Unrecognized Tax Benefits (exclusive of interest and penalties) | December 31, 2023
Balance - beginning of year | $ | — |
Additions for tax positions taken in prior years | 6 |
Balance - end of year | $ | 6 |

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