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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Servicing and subservicing fees $ 210.8 $ 237.6 $ 415.3 $ 469.7
Gain on reverse loans held for investment and HMBS-related borrowings, net 8.5 0.7 23.9 21.9
Gain on loans held for sale, net 16.5 25.3 27.4 28.1
Other revenue, net 10.6 8.5 18.8 14.1
Total revenue 246.4 272.0 485.5 533.9
MSR valuation adjustments, net (32.7) (48.9) (44.3) (117.9)
Operating expenses        
Compensation and benefits 55.0 57.7 108.6 115.7
Servicing and origination 13.9 17.6 29.0 33.3
Technology and communications 13.0 13.0 25.7 26.4
Professional Fees (Income) 10.7 (16.9) 22.8 (3.6)
Occupancy, equipment and mailing 7.5 7.7 15.2 16.5
Other expenses 3.9 5.1 7.2 10.1
Total operating expenses 104.0 84.3 208.4 198.4
Other income (expense)        
Interest income 22.5 20.3 40.0 34.4
Interest expense ($11.4, $10.9, 22.6 and 21.7 on amounts due to related parties) (73.1) (68.3) (140.5) (130.5)
Pledged MSR liability expense ($15.3, $13.2, $30.7 and $27.3 on amounts due to related party) (46.1) (73.0) (91.0) (143.3)
Earnings of equity method investee 3.1 2.9 5.8 3.1
Gain on extinguishment of debt 0.0 0.0 1.4 0.0
Other, net (2.7) (4.4) (3.4) (3.2)
Other income (expense), net (96.2) (122.5) (187.5) (239.5)
Income (loss) before income taxes 13.5 16.3 45.3 (22.0)
Income tax expense 3.0 0.9 4.7 2.7
Net income (loss) $ 10.5 $ 15.5 $ 40.6 $ (24.7)
Earnings (loss) per share        
Basic (in USD per share) $ 1.34 $ 2.02 $ 5.23 $ (3.25)
Diluted (in USD per share) $ 1.33 $ 1.95 $ 5.09 $ (3.25)
Weighted average common shares outstanding        
Basic (in shares) 7,821,128 7,652,563 7,766,331 7,593,391
Diluted (in shares) 7,918,672 7,919,587 7,982,429 7,593,391