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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income (loss) $ 25.7 $ 18.1 $ (40.2)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
MSR valuation adjustments, net 121.1 187.8 234.1
Provision for bad debts 20.5 22.7 25.6
Depreciation 10.5 10.3 19.1
Amortization of debt discount and issuance costs 10.1 7.8 7.0
Amortization of Intangible Assets 4.3 0.7 0.0
Loss (gain) on extinguishment of debt (0.9) 15.5 0.0
Provision for (reversal of) valuation allowance on deferred tax assets (3.9) 2.3 28.2
Decrease (increase) in deferred tax assets other than provision for valuation allowance 4.6 (2.1) (29.6)
Equity-based compensation expense 4.6 4.7 2.4
Distribution of earnings from equity method investee 18.5 3.6 0.0
Net gain on valuation of loans held for investment and HMBS-related borrowings (8.1) (18.3) (10.1)
Earnings of equity method investee (18.5) (3.6) 0.0
Gain on loans held for sale, net (22.0) (145.8) (137.2)
Origination and purchase of loans held for sale (17,582.0) (19,972.4) (7,552.0)
Proceeds from sale and collections of loans held for sale 17,590.1 19,349.3 7,430.5
Changes in assets and liabilities:      
Decrease in advances, net 28.3 28.9 213.3
Decrease in receivables and other assets, net 4.2 33.6 86.3
Increase (Decrease) in Derivative Assets and Liabilities 6.9 (12.5) 22.2
Increase (decrease) in other liabilities (40.0) 3.2 (28.7)
Other, net (0.8) (2.2) (9.9)
Net cash provided by (used in) operating activities 173.2 (468.4) 261.0
Cash flows from investing activities      
Origination of loans held for investment (1,658.1) (1,763.4) (1,203.6)
Principal payments received on loans held for investment 1,581.1 1,628.3 944.7
Purchase of MSRs (199.4) (831.2) (273.2)
Proceeds from sale of MSRs 155.7 0.0 0.2
Acquisition of loans held for investment, net (4.5) 0.0 0.0
Acquisition of reverse mortgage subservicing intangible assets (6.9) (9.0) 0.0
Investment in equity method investee, net (19.0) (23.3) 0.0
Acquisition of advances in connection with the purchase of MSRs   (6.3)  
Proceeds from sale of advances 2.5 1.3 0.8
Purchase of real estate (1.8) (6.5) (1.4)
Proceeds from sale of real estate 6.6 8.1 7.5
Additions to premises and equipment (5.5) (3.3) (4.1)
Other, net 0.2 0.2 1.2
Net cash provided by (used in) investing activities (149.1) (1,005.1) (527.9)
Cash flows from financing activities      
Repayment of advance match funded liabilities, net 1.4 (69.0) (97.8)
Repayment of other financing liabilities (111.9) (91.2) (101.8)
Proceeds from (repayments of) mortgage loan warehouse facilities, net (382.3) 633.4 119.5
Proceeds from MSR financing facilities 652.1 715.7 369.0
Repayment of MSR financing facilities (596.9) (250.0) (300.6)
Repurchase and repayment of Senior notes (23.6) (319.2) 0.0
Proceeds from issuance of Senior notes and warrants 0.0 647.9 0.0
Repayment of senior secured term loan (SSTL) borrowings 0.0 (188.7) (141.1)
Payment of debt issuance costs (1.3) (16.2) (7.7)
Proceeds from other financing liabilities - Sales of MSRs accounted for as a financing 86.2 247.0 0.0
Proceeds from sale of Home Equity Conversion Mortgages (HECM, or reverse mortgages) accounted for as a financing (HMBS-related borrowings) 1,780.4 1,674.9 1,232.6
Repayment of HMBS-related borrowings (1,568.4) (1,614.3) (935.8)
Issuance of common stock 0.0 9.9 0.0
Repurchase of common stock (50.0) 0.0 (4.6)
Other, net   (0.5)  
Net cash provided by (used in) financing activities (13.4) 1,379.8 131.8
Net increase (decrease) in cash, cash equivalents and restricted cash 10.7 (93.7) (135.1)
Cash, cash equivalents and restricted cash at beginning of year 263.5 357.2 492.3
Cash, cash equivalents and restricted cash at end of year 274.2 263.5 357.2
Supplemental cash flow information      
Interest paid 168.5 125.1 97.0
Income tax payments (refunds), net (26.9) (22.3) (43.5)
Fair Value of Assets Acquired 224.1 0.0 0.0
Liabilities Assumed (219.5) 0.0 0.0
Consideration Received for Beneficial Interest Obtained for Transferring Financial Asset 4.5 0.0 0.0
Supplemental non-cash investing and financing activities      
Right-of-use asset 11.4 4.5 3.7
Lease liability 11.4 4.2 2.9
Transfers from loans held for investment to loans held for sale 8.0 4.3 3.1
Transfers of loans held for sale to real estate owned (REO) 3.5 9.1 3.7
Derecognition of MSRs (39.0) 0.0 (263.7)
Derecognition of financing liabilities: (35.9) 0.0 (263.7)
Initial consolidation (subsequent deconsolidation) of mortgage-backed securitization trusts (VIEs) - Loans held for investments 0.0 0.0 (10.7)
Initial consolidation (subsequent deconsolidation) of mortgage-backed securitization trusts (VIEs) - Other financing liabilities 0.0 0.0 (9.5)
Recognition of future draw commitments for HECM loans at fair value upon adoption of FASB ASU No. 2016-13 0.0 0.0 47.0
Restricted cash and equivalents:      
Cash and cash equivalents 208.0 192.8 284.8
Debt service accounts 22.3 10.0 20.1
Other restricted cash 43.9 60.7 52.3
Proceeds from other financing liabilities - Excess Servicing Spread (ESS) liability $ 200.9 $ 0.0 $ 0.0