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v3.25.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of segment reporting information |
| Three Months Ended June 30, 2025
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 426 |  |  | $ | 30 |  |  | $ | 16 |  |  | $ | 472 |
Net gain on mortgage loans held for sale | 8 |  |  | 128 |  |  | — |  |  | 136 |
Total revenues | 434 |  |  | 158 |  |  | 16 |  |  | 608 |
Expenses |  |  |  |  |  |  |
Salaries, wages and benefits | 89 |  |  | 56 |  |  | 46 |  |  | 191 |
General and administrative | 59 |  |  | 44 |  |  | 36 |  |  | 139 |
Total expenses | 148 |  |  | 100 |  |  | 82 |  |  | 330 |
Interest income | 184 |  |  | 33 |  |  | — |  |  | 217 |
Interest expense | (106) |  |  | (30) |  |  | (81) |  |  | (217) |
Other income (expenses), net | — |  |  | 3 |  |  | (4) |  |  | (1) |
Total other income (expenses), net | 78 |  |  | 6 |  |  | (85) |  |  | (1) |
Income (loss) before income tax expense (benefit) | $ | 364 |  |  | $ | 64 |  |  | $ | (151) |  |  | $ | 277 |
Depreciation and amortization for property and equipment and intangible assets | $ | 7 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 11 |
Total assets | $ | 14,412 |  |  | $ | 2,481 |  |  | $ | 1,606 |  |  | $ | 18,499 |
| Three Months Ended June 30, 2024
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 446 |  |  | $ | 19 |  |  | $ | 20 |  |  | $ | 485 |
Net gain on mortgage loans held for sale | 10 |  |  | 88 |  |  | — |  |  | 98 |
Total revenues | 456 |  |  | 107 |  |  | 20 |  |  | 583 |
Expenses |  |  |  |  |  |  |
Salaries, wages and benefits | 84 |  |  | 40 |  |  | 44 |  |  | 168 |
General and administrative | 87 |  |  | 29 |  |  | 16 |  |  | 132 |
Total expenses | 171 |  |  | 69 |  |  | 60 |  |  | 300 |
Interest income | 174 |  |  | 15 |  |  | — |  |  | 189 |
Interest expense | (105) |  |  | (15) |  |  | (67) |  |  | (187) |
Other expense, net | — |  |  | — |  |  | (8) |  |  | (8) |
Total other income (expenses), net | 69 |  |  | — |  |  | (75) |  |  | (6) |
Income (loss) before income tax expense (benefit) | $ | 354 |  |  | $ | 38 |  |  | $ | (115) |  |  | $ | 277 |
Depreciation and amortization for property and equipment and intangible assets | $ | 2 |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | 8 |
Total assets | $ | 12,759 |  |  | $ | 1,398 |  |  | $ | 1,626 |  |  | $ | 15,783 |
| Six Months Ended June 30, 2025
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 823 |  |  | $ | 56 |  |  | $ | 33 |  |  | $ | 912 |
Net gain on mortgage loans held for sale | 14 |  |  | 242 |  |  | — |  |  | 256 |
Total revenues | 837 |  |  | 298 |  |  | 33 |  |  | 1,168 |
Expenses |  |  |  |  |  |  |
Salaries, wages and benefits | 179 |  |  | 108 |  |  | 97 |  |  | 384 |
General and administrative | 209 |  |  | 87 |  |  | 80 |  |  | 376 |
Total expenses | 388 |  |  | 195 |  |  | 177 |  |  | 760 |
Interest income | 341 |  |  | 62 |  |  | 3 |  |  | 406 |
Interest expense | (212) |  |  | (56) |  |  | (162) |  |  | (430) |
Other expenses, net | — |  |  | — |  |  | (12) |  |  | (12) |
Total other income (expenses), net | 129 |  |  | 6 |  |  | (171) |  |  | (36) |
Income (loss) before income tax expense (benefit) | $ | 578 |  |  | $ | 109 |  |  | $ | (315) |  |  | $ | 372 |
Depreciation and amortization for property and equipment and intangible assets | $ | 21 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 29 |
Total assets | $ | 14,412 |  |  | $ | 2,481 |  |  | $ | 1,606 |  |  | $ | 18,499 |
| Six Months Ended June 30, 2024
Financial Information by Segment | Servicing |  | Originations |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |
Service related, net | $ | 886 |  |  | $ | 35 |  |  | $ | 42 |  |  | $ | 963 |
Net gain on mortgage loans held for sale | 20 |  |  | 164 |  |  | — |  |  | 184 |
Total revenues | 906 |  |  | 199 |  |  | 42 |  |  | 1,147 |
Expenses |  |  |  |  |  |  |
Salaries, wages and benefits | 169 |  |  | 74 |  |  | 84 |  |  | 327 |
General and administrative | 187 |  |  | 57 |  |  | 46 |  |  | 290 |
Total expenses | 356 |  |  | 131 |  |  | 130 |  |  | 617 |
Interest income | 320 |  |  | 27 |  |  | — |  |  | 347 |
Interest expense | (203) |  |  | (25) |  |  | (129) |  |  | (357) |
Other expense, net | — |  |  | — |  |  | (11) |  |  | (11) |
Total other income (expenses), net | 117 |  |  | 2 |  |  | (140) |  |  | (21) |
Income (loss) before income tax expense (benefit) | $ | 667 |  |  | $ | 70 |  |  | $ | (228) |  |  | $ | 509 |
Depreciation and amortization for property and equipment and intangible assets | $ | 5 |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | 16 |
Total assets | $ | 12,759 |  |  | $ | 1,398 |  |  | $ | 1,626 |  |  | $ | 15,783 |

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- 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
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