XML 127 R104.htm IDEA: XBRL DOCUMENT 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