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Commitments (Tables)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]    
Schedule of Activity Related to HMBS Repurchases  
The table below provides the breakdown of the portfolio UPB with respect to the percentage of the MCA at December 31, 2023.
Securitized HECM loans at less than 92% MCA$7,106.1 
Securitized HECM loans at equal to or greater than 92% and less than 95% MCA238.6 
Securitized HECM loans at equal to or greater than 95% MCA and less than 98% MCA260.8 
Total Securitized HECM loans UPB$7,605.5 
For 2023, 2022 and 2021, we repurchased HECM loans from Ginnie Mae securitizations in the amount of $274.6 million, $235.7 million and $147.3 million, respectively. Activity with regard to HMBS repurchases for 2023 is as follows:
ActiveInactiveTotal
Beginning balance$70.7 $107.7 $178.5 
Additions189.9 84.8 274.6 
Recoveries, net (1)(209.5)(53.3)(262.8)
Transfers4.1 (4.1)— 
Changes in value0.2 (4.5)(4.3)
Ending balance$55.4 $130.6 $186.0 
(1)Includes amounts received upon assignment of loan to HUD, loan payoff, REO liquidation and claim proceeds less any amounts charged off as unrecoverable.
Schedule of Future Minimum Rental Commitments under Non-cancelable Operating Leases A maturity analysis of our lease liability as of December 31, 2023 is summarized as follows:
2024$3.7 
20252.5 
20262.3 
20272.3 
20280.9 
Thereafter0.2 
Total lease payments
11.9 
Less: Adjustment to present value (1)(1.8)
Lease liability
$10.2 
(1)At December 31, 2023, the weighted average of the discount rate used to estimate the present value was 9.7% based on our incremental borrowing rate.