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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Servicing and subservicing fees $ 211.3 $ 210.8 $ 414.6 $ 415.3
Gain on reverse loans held for investment and HMBS-related borrowings, net 11.9 8.5 35.7 23.9
Gain on loans held for sale, net 10.4 16.5 22.2 27.4
Other revenue, net 13.0 10.6 23.9 18.8
Total revenue 246.6 246.4 496.4 485.5
MSR valuation adjustments, net (27.3) (32.7) (66.2) (44.3)
Operating expenses        
Compensation and benefits 60.9 55.0 118.4 108.6
Servicing and origination 13.0 13.9 26.0 29.0
Technology and communications 15.5 13.0 30.5 25.7
Professional services 8.4 10.7 31.0 22.8
Occupancy, equipment and mailing 8.1 7.5 16.3 15.2
Other expenses 3.7 3.9 7.2 7.2
Total operating expenses 109.5 104.0 229.4 208.4
Other income (expense)        
Interest income 32.1 22.5 58.3 40.0
Interest expense (75.6) (73.1) (142.7) (140.5)
Pledged MSR liability expense ($11.3, $15.3, $22.8, and $30.7 on amounts due to related party) (43.0) (46.1) (84.9) (91.0)
Gain on extinguishment of debt 0.0 0.0 0.0 1.4
Earnings of equity method investee 0.0 3.1 0.0 5.8
Other, net (0.4) (2.7) 0.4 (3.4)
Other income (expense), net (87.0) (96.2) (168.8) (187.5)
Income before income taxes 22.8 13.5 32.0 45.3
Income tax expense (benefit) 1.3 3.0 (11.7) 4.7
Net income 21.5 10.5 43.6 40.6
Preferred stock dividend (1.0) 0.0 (2.1) 0.0
Net income attributable to common stockholders $ 20.5 $ 10.5 $ 41.6 $ 40.6
Earnings per share attributable to common stockholders        
Basic (in USD per share) $ 2.55 $ 1.34 $ 5.23 $ 5.23
Diluted (in USD per share) $ 2.40 $ 1.33 $ 4.90 $ 5.09
Weighted average common shares outstanding        
Basic (in shares) 8,021,182 7,821,128 7,947,992 7,766,331
Diluted (in shares) 8,534,627 7,918,672 8,486,158 7,982,429