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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 10. Goodwill and Intangible Assets Goodwill The following table presents changes in the carrying amount of goodwill by reportable segment for the year ended December 31, 2023. There were no changes in goodwill in 2024.
| Year Ended December 31, 2023
| Servicing |  | Originations |  | Corporate/Other(2) |  | Total
Balance - beginning of year | $ | 80 |  |  | $ | 28 |  |  | $ | 12 |  |  | $ | 120 |
Addition from acquisitions(1) | 5 |  |  | — |  |  | 16 |  |  | 21 |
Balance - end of year | $ | 85 |  |  | $ | 28 |  |  | $ | 28 |  |  | $ | 141 |
(1)The Company recorded goodwill in connection with the Roosevelt Transaction to both Servicing and Corporate/Other as discussed in Note 3, Acquisitions. (2)The goodwill associated with Xome and Roosevelt is included in Corporate/Other. During the years ended December 31, 2024 and 2023, the Company assessed its reporting units and determined that no impairment of goodwill existed. Goodwill is recorded in “other assets” within the consolidated balance sheets. Intangible Assets The following tables present the composition of intangible assets:
| December 31, 2024
Intangible Assets | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Life in Years
Client relationships | $ | 197 |  |  | $ | (85) |  |  | $ | 112 |  |  | 4.6
Trade name | 9 |  |  | (7) |  |  | 2 |  |  | 3.5
Other(1) | 7 |  |  | (2) |  |  | 5 |  |  | 2.6
Total intangible assets | $ | 213 |  |  | $ | (94) |  |  | $ | 119 |  |  | 4.5
| December 31, 2023
Intangible Assets | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Life in Years
Client relationships | $ | 96 |  |  | $ | (73) |  |  | $ | 23 |  |  | 4.7
Trade name | 9 |  |  | (7) |  |  | 2 |  |  | 4.5
Other(1) | 3 |  |  | — |  |  | 3 |  |  | 2.8
Total intangible assets | $ | 108 |  |  | $ | (80) |  |  | $ | 28 |  |  | 4.5
(1)Other intangible assets include assembled workforce and licenses. Intangible assets are recorded in “other assets” within the consolidated balance sheets. In 2024, the Company recorded intangible assets of $105 in connection with the Flagstar Transaction. In 2023, the Company recorded intangible assets of $23 and $4 in connection with the Rushmore Transaction and Roosevelt Transaction, respectively. See further discussion in Note 3, Acquisitions. The Company recognized $14 and $7 of amortization expense related to intangible assets during the years ended December 31, 2024 and 2023, respectively. The Company expects to record amortization expense for existing amortizable intangible assets of $29, $26, $26, $22, and $16 for each of the years ending December 31, 2025 to 2029. No impairment on intangible assets was recorded during the years ended December 31, 2024 and 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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