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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Servicing and subservicing fees $ 204.5 $ 232.2
Gain on reverse loans held for investment and HMBS-related borrowings, net 15.4 21.2
Gain on loans held for sale, net 10.9 2.8
Other revenue, net 8.3 5.6
Total revenue 239.1 261.8
MSR valuation adjustments, net (11.6) (69.0)
Operating expenses    
Compensation and benefits 53.6 58.0
Servicing and origination 15.0 15.7
Technology and communications 12.7 13.4
Professional Fees (Income) 12.0 13.3
Occupancy, equipment and mailing 7.7 8.8
Other expenses 3.4 4.9
Total operating expenses 104.4 114.1
Other income (expense)    
Interest income 17.5 14.1
Interest expense ($11.2 and $10.8 on amounts due to related parties) (67.4) (62.3)
Pledged MSR liability expense ($15.3 and $14.2 on amounts due to related party) (44.9) (70.3)
Earnings of equity method investee 2.7 0.3
Gain on extinguishment of debt 1.4 0.0
Other, net (0.6) 1.2
Other income (expense), net (91.3) (117.0)
Income (loss) before income taxes 31.8 (38.3)
Income tax expense 1.7 1.9
Net income (loss) $ 30.1 $ (40.2)
Earnings (loss) per share    
Basic (in USD per share) $ 3.91 $ (5.34)
Diluted (in USD per share) $ 3.74 $ (5.34)
Weighted average common shares outstanding    
Basic (in shares) 7,711,534 7,533,561
Diluted (in shares) 8,046,188 7,533,561