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Reverse Mortgages - Schedule of Loans Held For Investment and HMBS Related Borrowings (Details) - USD ($) $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Nov. 01, 2024
Receivables [Abstract] |  |  |  |
Unpaid principal balance | $ 10,699.5 | $ 7,664.7 |  |
Fair value adjustments | 425.8 | 305.3 |  |
Loans held for investment - reverse mortgages, beginning balance | 7,970.0 | 7,504.1 | $ 7,199.8 |
HMBS Related Borrowings, Beginning Balance | (7,797.3) | (7,326.8) | (6,885.0) |
Originations | 1,125.0 | 1,033.4 | 1,658.1 |
Securitization of HECM loans accounted for as a financing | (1,073.5) | (1,054.6) | (1,780.4) |
Additional proceeds from securitization of HECM loans and tails | (13.2) | (11.0) | (25.2) |
HMBS related borrowings, acquisitions. | (2,880.9) | 0.0 | (209.1) |
Loans held for investment, reverse mortgages, acquisitions. | 2,912.7 | 0.0 | 211.3 |
Repayments (principal payments received) | (1,495.4) | (1,076.9) | (1,579.9) |
Repayments (principal payments received) | 1,474.7 | 1,070.1 | 1,568.4 |
Loans held for sale, at fair value | (4.8) | (6.1) | (8.0) |
Receivables, net | (3.0) | (3.4) | 2.1 |
REO (Other assets) | (0.5) | (0.1) | (0.4) |
Change in fair value | 621.2 | 519.0 | 21.1 |
Change in fair value | (581.8) | (475.0) | 4.5 |
Change in fair value included in earnings, net | 39.4 | 44.0 | 25.6 |
Loans held for investment, reverse mortgages, ending balance | 11,125.3 | 7,970.0 | 7,504.1 |
HMBS Related Borrowings, Ending Balance | (10,872.1) | (7,797.3) | $ (7,326.8) |
Cash amount | 20.0 |  |  |
Assets transferred, UPB |  |  |  | $ 14.2
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |  |
Loans held for sale ($1,290.2 and $674.2 carried at fair value) ($575.4 and $269.6 related to VIEs) | 11,125.3 | 7,975.5 |  |
Senior Lien |  |  |  |
Receivables [Abstract] |  |  |  |
Loans held for investment - securitized | 10,950.8 | 7,868.5 |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |  |
Loans held for investment - securitized | 10,950.8 | 7,868.5 |  |
Loans held for sale ($1,290.2 and $674.2 carried at fair value) ($575.4 and $269.6 related to VIEs) | $ 174.5 | $ 101.5 |  |

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- Definition Amounts related to additional proceeds from securitization of loans and tails of home equity conversion mortgage-backed securities related borrowings accounted for as a financing. + References No definition available. + Details
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- Definition This represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing. + References No definition available. + Details
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- Definition Amount of loans held for investment, reverse mortgages transferred to loans held for sale, fair value during the period. + References No definition available. + Details
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- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 + Details
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