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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Servicing and subservicing fees $ 237,600 $ 215,100 $ 469,700 $ 427,800
Gain (loss) on reverse loans held for investment and HMBS-related borrowings, net 700 (2,600) 21,900 10,500
Gain (loss) on loans held for sale, net 25,300 900 28,100 (2,300)
Other revenue, net 8,500 8,700 14,100 17,700
Total revenue 272,000 222,200 533,900 453,700
MSR valuation adjustments, net (48,900) 22,100 (117,900) 57,500
Operating expenses        
Compensation and benefits 57,700 83,900 115,700 151,900
Servicing and origination 17,600 19,100 33,300 33,300
Technology and communications 13,000 14,700 26,400 29,600
Occupancy and equipment 7,700 9,700 16,500 19,700
Other expenses 5,100 8,400 10,100 16,100
Total operating expenses 84,300 144,400 198,400 271,400
Other income (expense)        
Interest income 20,300 9,700 34,400 16,900
Interest expense ($10.9, $10.5, $21.7 and $20.9 on amounts due to related party) (68,300) (37,900) (130,500) (75,700)
Pledged MSR liability expense ($13.2, $15.2, $27.3 and $29.5 on amounts due to related party) (73,000) (63,000) (143,300) (122,700)
Earnings of equity method investee 2,900 3,900 3,100 15,900
Other, net (4,400) (3,300) (3,200) (3,500)
Total other income (expense), net (122,500) (90,400) (239,500) (169,100)
Income (loss) before income taxes 16,300 9,500 (22,000) 70,800
Income tax expense (benefit) 900 (900) 2,700 2,300
Net income (loss) $ 15,500 $ 10,400 $ (24,700) $ 68,400
Earnings (loss) per share        
Basic (in USD per share) $ 2.02 $ 1.12 $ (3.25) $ 7.41
Diluted (in USD per share) $ 1.95 $ 1.11 $ (3.25) $ 7.19
Weighted average common shares outstanding        
Basic (in shares) 7,652,563 9,257,089 7,593,391 9,236,221
Diluted (in shares) 7,919,587 9,366,606 7,593,391 9,514,202
Servicing and subservicing fees $ 237,600 $ 215,100 $ 469,700 $ 427,800
Gain (loss) on reverse loans held for investment and HMBS-related borrowings, net 700 (2,600) 21,900 10,500
Other revenue, net 8,500 8,700 14,100 17,700
Revenue 272,000 222,200 533,900 453,700
MSR valuation adjustments, net 48,900 (22,100) 117,900 (57,500)
Interest expense 68,300 37,900 130,500 75,700
MSR Pledged liability expense $ 73,000 $ 63,000 $ 143,300 $ 122,700
Basic (in shares) 7,652,563 9,257,089 7,593,391 9,236,221
Professional Fees (Income) $ (16,900) $ 8,700 $ (3,600) $ 20,900
OFC Senior Secured Notes        
Other income (expense)        
Interest expense ($10.9, $10.5, $21.7 and $20.9 on amounts due to related party) (10,900) (10,500) (21,700) (20,900)
Interest expense $ 10,900 $ 10,500 $ 21,700 $ 20,900