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v3.25.1

Mortgage Servicing - Schedule of Activity Related to MSRs - Fair Value Measurement Method (Details) - USD ($) $ in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |
Beginning balance | $ 2,466.3 | $ 2,272.2 |
Servicing Asset at Fair Value, Disposals | 0.1 | 0.0 |
Recognized on the sale of residential mortgage loans | 60.5 | 34.7 |
Purchases of MSRs | 98.3 | 27.0 |
Servicing transfers and adjustments | 0.0 | (1.3) |
Changes in fair value recognized in earnings: |  |  |
Changes in valuation inputs or assumptions | (19.6) | 101.8 |
Realization of cash flows | (58.2) | (59.8) |
Ending balance | 2,547.4 |  |
Assets serviced | 178,100.0 |  | $ 170,300.0
Servicing Asset at Fair Value, Period Increase (Decrease) | (77.8) |  |
Servicing assets at fair value, net additions (sales) recognized | 158.9 |  |
Derivative, Gain (Loss) on Derivative, Net | (8.6) | 49.3 |
MSR valuation adjustments, net | 38.9 | 11.6 |
Total MSR Reserve Fair Value Gains (Losses) | (77.8) | 42.0 |
Financing Liability Mortgage Servicing Rights Pledged [Member] |  |  |
Changes in fair value recognized in earnings: |  |  |
Realization of expected cash flows | 17.0 | 19.9 |
Derivative, Gain (Loss) on Derivative, Net | 20.8 | (53.7) |
Fair Value Agency Mortgage Servicing Rights |  |  |
Changes in fair value recognized in earnings: |  |  |
Ending balance |  | 2,374.7 |
Servicing Asset at Fair Value, Period Increase (Decrease) |  | 42.0 |
Servicing assets at fair value, net additions (sales) recognized |  | $ 60.4 |
Rithm Capital Corp . and others |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |
Beginning balance | 266.1 |  |
Changes in fair value recognized in earnings: |  |  |
Ending balance | 265.6 |  |
Assets serviced | 19,100.0 |  | 19,000.0
Transferred MSR, Subject To Pledged Liability |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |
Beginning balance | 596.7 |  |
Changes in fair value recognized in earnings: |  |  |
Ending balance | 591.3 |  |
Assets serviced | 40,300.0 |  | 40,500.0
Fair Value GSE Mortgage Servicing Rights |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |
Beginning balance | 1,902.5 |  |
Changes in fair value recognized in earnings: |  |  |
Ending balance | 1,985.9 |  |
Assets serviced | 137,100.0 |  | 129,300.0
Fair Value GNMA Mortgage Servicing Rights |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |
Beginning balance | 351.6 |  |
Changes in fair value recognized in earnings: |  |  |
Ending balance | 354.7 |  |
Assets serviced | 19,900.0 |  | 19,400.0
Fair Value Non-Agency Mortgage Servicing Rights |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |
Beginning balance | 212.2 |  |
Changes in fair value recognized in earnings: |  |  |
Ending balance | 206.8 |  |
Assets serviced | $ 21,100.0 |  | $ 21,600.0

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