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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Assets            
Cash and cash equivalents $ 213.4   $ 208.0      
Restricted cash ($67.2 and $17.6 related to variable interest entities (VIEs)) 119.1   66.2      
Mortgage servicing rights (MSRs), at fair value 2,675.7   2,665.2      
Advances, net ($503.3 and $608.4 related to VIEs) 602.7   718.9      
Loans held for sale ($1,352.9 and $617.8 carried at fair value) ($241.4 and $0.0 related to VIEs) 1,356.5   622.7      
Loans held for investment, at fair value ($6.0 and $6.7 related to VIEs) 7,680.7   7,510.8      
Receivables, net ($44.2 and $0.0 related to VIEs) 188.6   180.8      
Investment in equity method investee 34.6   42.2      
Premises and equipment, net 16.9   20.2      
Other assets 327.6   364.2      
Total assets 13,216.0   12,399.2 $ 12,107.7    
Liabilities            
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,486.4 $ 7,470.6 7,326.8 7,155.3 $ 7,118.8 $ 6,885.0
Other financing liabilities, at fair value ($319.7 and $329.8 due to related party) ($6.0 and $6.7 related to VIEs) 1,274.0   1,137.4      
Advance match funded liabilities ($429.5 and $512.5 related to VIEs) 430.4   513.7      
Mortgage loan financing facilities, net ($238.3 and $— related to VIEs) 1,515.0   702.7      
MSR financing facilities, net 864.8   953.8      
Senior notes, net ($234.9 and $230.2 due to related party) 605.0   599.6      
Other liabilities ($13.4 and $15.8 carried at fair value) 606.6   708.5      
Total liabilities 12,782.2   11,942.5      
Commitments and Contingencies (Notes 19 and 20)        
Stockholders’ Equity            
Common stock, $.01 par value; 13,333,333 shares authorized; 7,677,008 and 7,526,117 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 0.1   0.1      
Additional paid-in capital 548.7   547.0      
Accumulated deficit (112.6)   (87.9)      
Accumulated other comprehensive loss, net of income taxes (2.4)   (2.5)      
Total stockholders’ equity 433.8 $ 416.3 456.7 $ 543.9 $ 534.1 $ 476.7
Total liabilities and stockholders’ equity $ 13,216.0   $ 12,399.2