XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.24.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of segment reporting information | The following tables present financial information by segment:
| Three Months Ended September 30, 2024
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 246 |  |  | $ | 24 |  |  | $ | 18 |  |  | $ | 288 |
Net gain on mortgage loans held for sale | 10 |  |  | 126 |  |  | — |  |  | 136 |
Total revenues | 256 |  |  | 150 |  |  | 18 |  |  | 424 |
Total expenses | 180 |  |  | 83 |  |  | 72 |  |  | 335 |
Interest income | 201 |  |  | 25 |  |  | 1 |  |  | 227 |
Interest expense | (100) |  |  | (23) |  |  | (76) |  |  | (199) |
Other expenses, net | — |  |  | — |  |  | (5) |  |  | (5) |
Total other income (expenses), net | 101 |  |  | 2 |  |  | (80) |  |  | 23 |
Income (loss) before income tax expense (benefit) | $ | 177 |  |  | $ | 69 |  |  | $ | (134) |  |  | $ | 112 |
Depreciation and amortization for property and equipment and intangible assets | $ | 2 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 9 |
Total assets | $ | 12,462 |  |  | $ | 2,001 |  |  | $ | 1,723 |  |  | $ | 16,186 |
| Three Months Ended September 30, 2023
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 392 |  |  | $ | 18 |  |  | $ | 22 |  |  | $ | 432 |
Net gain on mortgage loans held for sale | 72 |  |  | 70 |  |  | — |  |  | 142 |
Total revenues | 464 |  |  | 88 |  |  | 22 |  |  | 574 |
Total expenses | 172 |  |  | 58 |  |  | 71 |  |  | 301 |
Interest income | 157 |  |  | 10 |  |  | — |  |  | 167 |
Interest expense | (88) |  |  | (11) |  |  | (47) |  |  | (146) |
Other income, net | — |  |  | — |  |  | 58 |  |  | 58 |
Total other income (expenses), net | 69 |  |  | (1) |  |  | 11 |  |  | 79 |
Income (loss) before income tax expense (benefit) | $ | 361 |  |  | $ | 29 |  |  | $ | (38) |  |  | $ | 352 |
Depreciation and amortization for property and equipment and intangible assets | $ | 4 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 10 |
Total assets | $ | 10,916 |  |  | $ | 868 |  |  | $ | 1,643 |  |  | $ | 13,427 |
| Nine Months Ended September 30, 2024
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 1,132 |  |  | $ | 59 |  |  | $ | 60 |  |  | $ | 1,251 |
Net gain on mortgage loans held for sale | 30 |  |  | 290 |  |  | — |  |  | 320 |
Total revenues | 1,162 |  |  | 349 |  |  | 60 |  |  | 1,571 |
Total expenses | 536 |  |  | 214 |  |  | 202 |  |  | 952 |
Interest income | 521 |  |  | 52 |  |  | 1 |  |  | 574 |
Interest expense | (303) |  |  | (48) |  |  | (205) |  |  | (556) |
Other expenses, net | — |  |  | — |  |  | (16) |  |  | (16) |
Total other income (expenses), net | 218 |  |  | 4 |  |  | (220) |  |  | 2 |
Income (loss) before income tax expense (benefit) | $ | 844 |  |  | $ | 139 |  |  | $ | (362) |  |  | $ | 621 |
Depreciation and amortization for property and equipment and intangible assets | $ | 7 |  |  | $ | 2 |  |  | $ | 16 |  |  | $ | 25 |
Total assets | $ | 12,462 |  |  | $ | 2,001 |  |  | $ | 1,723 |  |  | $ | 16,186 |
| Nine Months Ended September 30, 2023
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 988 |  |  | $ | 45 |  |  | $ | 62 |  |  | $ | 1,095 |
Net gain on mortgage loans held for sale | 75 |  |  | 220 |  |  | — |  |  | 295 |
Total revenues | 1,063 |  |  | 265 |  |  | 62 |  |  | 1,390 |
Total expenses | 484 |  |  | 173 |  |  | 183 |  |  | 840 |
Interest income | 343 |  |  | 26 |  |  | — |  |  | 369 |
Interest expense | (224) |  |  | (28) |  |  | (126) |  |  | (378) |
Other income, net | — |  |  | — |  |  | 44 |  |  | 44 |
Total other income (expenses), net | 119 |  |  | (2) |  |  | (82) |  |  | 35 |
Income (loss) before income tax expense (benefit) | $ | 698 |  |  | $ | 90 |  |  | $ | (203) |  |  | $ | 585 |
Depreciation and amortization for property and equipment and intangible assets | $ | 9 |  |  | $ | 6 |  |  | $ | 13 |  |  | $ | 28 |
Total assets | $ | 10,916 |  |  | $ | 868 |  |  | $ | 1,643 |  |  | $ | 13,427 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration