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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Servicing and subservicing fees $ 237.8 $ 215.6 $ 707.5 $ 643.3
Gain (loss) on reverse loans held for investment and HMBS-related borrowings, net (0.4) 6.9 21.5 17.4
Gain (loss) on loans held for sale, net 8.2 18.9 36.3 16.7
Other revenue, net 10.0 8.3 24.0 26.1
Total revenue 255.5 249.7 789.4 703.4
MSR valuation adjustments, net (16.4) 27.9 (134.2) 85.4
Operating expenses        
Compensation and benefits 55.7 71.3 171.4 223.2
Servicing and origination 15.5 19.0 48.8 52.3
Technology and communications 13.1 14.4 39.5 44.0
Professional Fees (Income) 13.5 17.2 9.9 38.0
Occupancy and equipment 7.7 12.4 24.2 32.1
Other expenses 4.6 7.1 14.7 23.2
Total operating expenses 110.0 141.4 308.4 412.8
Other income (expense)        
Interest income 25.9 13.7 60.2 30.6
Interest expense ($11.0, $10.6, $32.6, and $31.5 on amounts due to related party) (74.3) (50.4) (204.8) (126.1)
Pledged MSR liability expense ($14.5, $15.5, $41.8, and $45.0 on amounts due to related party) (76.5) (65.6) (219.8) (188.3)
Earnings of equity method investee 2.8 3.3 5.9 19.3
Gain on extinguishment of debt 1.2 0.0 1.2 0.9
Other, net 1.3 (4.3) (1.9) (8.6)
Other income (expense), net (119.7) (103.2) (359.2) (272.3)
Income (loss) before income taxes 9.5 33.0 (12.5) 103.7
Income tax expense (benefit) 1.0 (4.0) 3.8 (1.6)
Net income (loss) $ 8.5 $ 36.9 $ (16.2) $ 105.4
Earnings (loss) per share        
Basic (in USD per share) $ 1.10 $ 4.33 $ (2.13) $ 11.71
Diluted (in USD per share) $ 1.05 $ 4.17 $ (2.13) $ 11.34
Weighted average common shares outstanding        
Basic (in shares) 7,677,008 8,530,209 7,621,569 8,998,298
Diluted (in shares) 8,060,078 8,866,925 7,621,569 9,295,857