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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Servicing and subservicing fees $ 232.2 $ 212.6
Gain on reverse loans held for investment and HMBS-related borrowings, net 21.2 13.1
Gain (loss) on loans held for sale, net 2.8 (3.2)
Other revenue, net 5.6 9.1
Total revenue 261.8 231.6
MSR valuation adjustments, net (69.0) 35.4
Operating expenses    
Compensation and benefits 58.0 68.0
Servicing and origination 15.7 14.2
Technology and communications 13.4 14.9
Professional services 13.3 12.2
Occupancy and equipment 8.8 10.1
Other expenses 4.9 7.6
Total operating expenses 114.1 127.0
Other income (expense)    
Interest income 14.1 7.1
Interest expense ($10.8 and $10.4 on amounts due to related party) (62.3) (37.9)
Pledged MSR liability expense ($14.2 and $14.3 on amounts due to related party) (70.3) (59.7)
Earnings of equity method investee 0.3 12.0
Other, net 1.2 (0.2)
Total other income (expense), net (117.0) (78.7)
Income (loss) before income taxes (38.3) 61.3
Income tax expense 1.9 3.2
Net income (loss) $ (40.2) $ 58.1
Earnings (loss) per share    
Basic (in USD per share) $ (5.34) $ 6.30
Diluted (in USD per share) $ (5.34) $ 6.01
Weighted average common shares outstanding    
Basic (in shares) 7,533,561 9,215,122
Diluted (in shares) 7,533,561 9,661,567
Servicing and subservicing fees $ 232.2 $ 212.6
Gain on reverse loans held for investment and HMBS-related borrowings, net 21.2 13.1
Other revenue, net 5.6 9.1
Revenue 261.8 231.6
MSR valuation adjustments, net 69.0 (35.4)
Interest expense 62.3 37.9
MSR Pledged liability expense $ 70.3 $ 59.7
Basic (in shares) 7,533,561 9,215,122
OFC Senior Secured Notes    
Other income (expense)    
Interest expense ($10.8 and $10.4 on amounts due to related party) $ (10.8) $ (10.4)
Interest expense $ 10.8 $ 10.4