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v3.24.3

Subsequent Events (Details) - USD ($) |  |  |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | --- | ---
Nov. 06, 2024 | Oct. 09, 2024 | Sep. 30, 2024 | Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023 | Dec. 31, 2023
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Gain on extinguishment of debt |  |  |  | $ 300,000 | $ 1,200,000 | $ 1,800,000 | $ 1,200,000 |
Other restricted cash |  |  | $ 42,700,000 | $ 42,700,000 | 42,200,000 | $ 42,700,000 | 42,200,000 |
MAV Canopy HoldCo I, LLC |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Ownership percentage |  |  | 15.00% | 15.00% |  | 15.00% |  |
Proceeds from Sale of Equity Method Investments |  |  | $ 15,000,000 |  |  |  |  |
Rithm | New RMSR Agreements |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
UPB of rights to MSRs sold |  |  | $ 32,900,000,000 | $ 32,900,000,000 |  | $ 32,900,000,000 |  |
Rithm Capital Corp . and others |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Amount previously sold |  |  |  | $ 11,200,000 | $ 42,700,000 | $ 34,600,000 | $ 133,600,000 |
Oaktree |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Class of Warrant or Right, Outstanding |  |  | 1,184,768 | 1,184,768 |  | 1,184,768 |  | 261,248
Warrants exercise price |  |  | $ 26.82 | $ 26.82 |  | $ 26.82 |  | $ 24.31
Subsequent Event | MAV Canopy HoldCo I, LLC |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Ownership percentage | 15.00% |  |  |  |  |  |  |
Proceeds from Sale of Equity Method Investments | $ 49,000,000 |  |  |  |  |  |  |
Equity Method Investment, Realized Gain (Loss) on Disposal | 19,000,000 |  |  |  |  |  |  |
Subsequent Event | Waterfall |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Asset Acquisition, Book Value |  | $ 55,100,000 |  |  |  |  |  |
Asset Acquisition, Cash |  | 20,000,000 |  |  |  |  |  |
Subsequent Event | Waterfall | Series B Preferred Stock |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Liquidation preference |  | $ 52,800,000 |  |  |  |  |  |
Dividend rate |  | 7.875% |  |  |  |  |  |
Dividend rate increase |  | 2.50% |  |  |  |  |  |
Dividend rate cap |  | 15.00% |  |  |  |  |  |
Preferred Stock, Dividend Accrual Rate, Term |  | 5 years |  |  |  |  |  |
Preferred Stock, Repurchase Price, Percentage of Principal |  | 100.00% |  |  |  |  |  |
Preferred Stock, Resale Registration Agreement, Maximum Term |  | 180 days |  |  |  |  |  |
Loan And Security Agreement, Revolving Basis, Term |  | 2 years |  |  |  |  |  |
Subsequent Event | Oaktree | MAV Canopy HoldCo I, LLC |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Other restricted cash | 23,000,000 |  |  |  |  |  |  |
Subsequent Event | HMBS - Related Borrowings |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Unpaid principal balance |  | $ 3,000,000,000 |  |  |  |  |  |
Subsequent Event | PMC Senior Secured Notes Due 2026 |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Gain on extinguishment of debt | (53,000,000) |  |  |  |  |  |  |
Prepaid lender fees, net | 10,000,000 |  |  |  |  |  |  |
Debt Instrument, Payment Of Make-Whole Redemption Premium | 12,000,000 |  |  |  |  |  |  |
Debt Instrument, Fee Amount | (5,000,000) |  |  |  |  |  |  |
Unamortized discount and debt issuance costs | 37,000,000 |  |  |  |  |  |  |
Debt instrument, repurchased amount | $ 289,100,000 |  |  |  |  |  |  |
Interest rate (as a percent) | 7.875% |  |  |  |  |  |  |
Subsequent Event | Senior Notes Due 2029 |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Unpaid principal balance | $ 500,000,000 |  |  |  |  |  |  |
Interest rate (as a percent) | 9.875% |  |  |  |  |  |  |
Redemption price, percentage of principal amount | 99.556% |  |  |  |  |  |  |
Subsequent Event | OFC Senior Secured Notes Due 2027 |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Debt instrument, repurchased amount | $ 285,000,000 |  |  |  |  |  |  |
Interest rate (as a percent) | 12.00% |  |  |  |  |  |  |
Subsequent Event | PHH Senior Notes | Oaktree | MAV Canopy HoldCo I, LLC |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Outstanding borrowings (MSR financing facilities, net) | $ 50,000,000 |  |  |  |  |  |  |
Subsequent Event | WAM Financing Agreement | Initial Committed Amount |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Contractual Obligation |  | 45,000,000 |  |  |  |  |  |
Subsequent Event | WAM Financing Agreement | Commitment After First Securitization of HECM Tails |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |
Contractual Obligation |  | $ 15,000,000 |  |  |  |  |  |

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