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v3.25.0.1

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Deferred tax assets |  |
NOL carryforwards - federal and foreign | $ 55.3 | $ 106.8
NOL carryforwards and credits - state and local | 75.5 | 82.0
Interest expense disallowance | 170.2 | 123.0
Reserve for servicing exposure | 6.0 | 5.8
Accrued legal settlements | 3.5 | 4.8
Stock-based compensation expense | 11.3 | 11.4
Accrued incentive compensation | 6.9 | 4.5
Accrued other liabilities | 4.4 | 4.4
Lease liabilities | 0.4 | 0.9
Intangible asset amortization | 7.2 | 7.2
Foreign deferred assets | 3.7 | 3.4
Tax residuals and deferred income on tax residuals | 0.2 | 1.4
Bad debt and allowance for loan losses | 10.4 | 11.0
Other | 1.6 | 1.7
Deferred tax assets, gross | 356.6 | 368.3
Deferred tax liabilities |  |
MSR amortization | 170.9 | 175.0
Partnership losses | 0.0 | 3.9
Other | 1.5 | 1.2
Deferred tax liabilities, gross | 172.4 | 180.1
Deferred tax assets (liability), gross | 184.2 | 188.2
Valuation allowance | (181.0) | (185.1)
Deferred tax assets, net | $ 3.2 | $ 3.1

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