XML 26 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 201.6 $ 208.0
Restricted cash ($9,759 and $16,791 related to variable interest entities (VIEs)) 53.5 66.2
Mortgage servicing rights (MSRs), at fair value 2,272.2 2,665.2
Advances, net (amounts related to VIEs of $573.0 and $608.4) 678.8 718.9
Loans held for sale ($674.2 and $617.8 carried at fair value) ($269.6 and $0.0 related to VIEs) 677.3 622.7
Loans held for sale ($674.2 and $617.8 carried at fair value) ($269.6 and $0.0 related to VIEs) 7,975.5 7,510.8
Receivables, net ($19.9 and $0.0 related to VIEs) 154.8 180.8
Investment in equity method investee 37.8 42.2
Premises and equipment, net 13.1 20.2
Other assets ($22.0 and $8.0 carried at fair value) ($18.6 and $3.2 related to VIEs) 449.2 364.2
Total assets 12,513.7 12,399.2
Liabilities    
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value 7,797.3 7,326.8
Other financing liabilities, at fair value ($409.2 and $329.8 due to related party) ($5.6 and $6.7 related to VIEs) 900.0 1,137.4
Advance match funded liabilities ($498.9 and $512.5 related to VIEs) 499.7 513.7
Mortgage loan financing facilities ($143.4 and $0.0 related to VIEs) 710.6 702.7
MSR financing facilities, net 916.2 953.8
Senior Notes 595.8 599.6
Other liabilities ($3,080 and $4,638 carried at fair value) 692.3 708.5
Total liabilities 12,111.9 11,942.5
Commitments and Contingencies (Notes 25 and 26)
Stockholders’ Equity    
Common stock, $.01 par value; 13,333,333 shares authorized; 9,208,312 and 8,687,750 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 0.1 0.1
Additional paid-in capital 554.5 547.0
Accumulated deficit (151.6) (87.9)
Accumulated other comprehensive loss, net of income taxes (1.2) (2.5)
Total stockholders’ equity 401.8 456.7
Total liabilities and stockholders’ equity $ 12,513.7 $ 12,399.2