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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Servicing and subservicing fees $ 211.1 $ 237.8 $ 626.5 $ 707.5
Gain (loss) on reverse loans held for investment and HMBS-related borrowings, net 18.0 (0.4) 41.9 21.5
Gain on loans held for sale, net 25.8 8.2 53.2 36.3
Other revenue, net 10.8 10.0 29.6 24.0
Total revenue 265.7 255.5 751.2 789.4
MSR valuation adjustments, net (31.5) (16.4) (75.8) (134.2)
Operating expenses        
Compensation and benefits 59.5 55.7 168.1 171.4
Servicing and origination 11.1 15.5 40.0 48.8
Technology and communications 13.2 13.1 38.9 39.5
Professional Fees (Income) 17.3 13.5 40.1 9.9
Occupancy, equipment and mailing 7.9 7.7 23.1 24.2
Other expenses 3.4 4.6 10.6 14.7
Total operating expenses 112.4 110.0 320.8 308.4
Other income (expense)        
Interest income 24.5 25.9 64.5 60.2
Interest expense ($11.5, $11.0, $34.1 and $32.6 on amounts due to related parties) (74.2) (74.3) (214.6) (204.8)
Pledged MSR liability expense ($11.4, $14.5, $42.1 and $41.8 on amounts due to related party) (42.3) (76.5) (133.3) (219.8)
Earnings of equity method investee 0.8 2.8 6.7 5.9
Gain on extinguishment of debt 0.3 1.2 1.8 1.2
Other, net (3.3) 1.3 (6.7) (1.9)
Other income (expense), net (94.1) (119.7) (281.7) (359.2)
Income (loss) before income taxes 27.6 9.5 72.9 (12.5)
Income tax expense 6.3 1.0 10.9 3.8
Net income (loss) $ 21.4 $ 8.5 $ 62.0 $ (16.2)
Earnings (loss) per share        
Basic (in USD per share) $ 2.72 $ 1.10 $ 7.95 $ (2.13)
Diluted (in USD per share) $ 2.65 $ 1.05 $ 7.74 $ (2.13)
Weighted average common shares outstanding        
Basic (in shares) 7,860,572 7,677,008 7,797,974 7,621,569
Diluted (in shares) 8,055,393 8,060,078 8,006,981 7,621,569