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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Assets            
Cash and cash equivalents $ 194.0   $ 208.0      
Restricted cash ($21.6 and $17.6 related to variable interest entities (VIEs)) 71.8   66.2      
Mortgage servicing rights (MSRs), at fair value 2,859.8   2,665.2      
Advances, net ($471.4 and $608.4 related to VIEs) 564.6   718.9      
Loans held for sale ($944.7 and $617.8 carried at fair value) ($277.4 and $0.0 related to VIEs) 948.3   622.7      
Loans held for investment, at fair value ($5.9 and $6.7 related to VIEs) 7,783.5   7,510.8      
Receivables, net ($29.4 and $0.0 related to VIEs) 164.7   180.8      
Investment in equity method investee 39.5   42.2      
Premises and equipment, net 16.1   20.2      
Other assets 369.3   364.2      
Total assets 13,011.7   12,399.2 $ 12,360.1    
Liabilities            
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,613.6 $ 7,486.4 7,326.8 7,208.4 $ 7,155.3 $ 6,885.0
Other financing liabilities, at fair value ($420.4 and $329.8 due to related party) ($5.9 and $6.7 related to VIEs) 1,380.3   1,137.4      
Advance match funded liabilities ($402.2 and $512.5 related to VIEs) 403.0   513.7      
Mortgage loan financing facilities, net ($166.4 and $0.0 related to VIEs) 1,034.7   702.7      
MSR financing facilities, net 901.7   953.8      
Senior notes, net ($237.2 and $230.2 due to related party) 594.1   599.6      
Other liabilities ($24.4 and $15.8 carried at fair value) 639.2   708.5      
Total liabilities 12,566.6   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 September 30, 2023 and December 31, 2022, respectively 0.1   0.1      
Additional paid-in capital 551.6   547.0      
Accumulated deficit (104.2)   (87.9)      
Accumulated other comprehensive loss, net of income taxes (2.4)   (2.5)      
Total stockholders’ equity 445.1 $ 433.8 456.7 $ 546.1 $ 543.9 $ 476.7
Total liabilities and stockholders’ equity $ 13,011.7   $ 12,399.2