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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 62.3 $ 62.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
MSR valuation adjustments, net 164.0 130.1
Provision for bad debts (advances and receivables) 13.8 20.5
Provision for indemnification obligations 6.3 1.4
Depreciation 3.3 4.1
Amortization of debt issuance costs and discount 19.4 26.7
Amortization of intangibles 0.7 2.3
Equity-based compensation expense 5.9 5.7
Gain on extinguishment of debt 0.0 (1.8)
Gain on reverse loans held for investment and HMBS-related borrowings, net (33.6) (31.1)
Gain on loans held for sale, net (56.3) (53.2)
Changes in assets and liabilities:    
Decrease in advances 121.3 140.9
Decrease in receivables and other assets 52.9 23.5
Increase in derivatives (18.8) (48.8)
Increase (decrease) in other liabilities (14.5) 6.2
Origination and purchase of loans held for sale (17,572.2) (12,265.7)
Proceeds from sale and collections of loans held for sale 16,765.8 11,645.6
Other, net (37.9) (24.3)
Net cash used in operating activities (517.4) (355.8)
Cash flows from investing activities    
Origination of loans held for investment (794.8) (804.9)
Principal payments received on loans held for investment 2,341.6 938.1
Purchase of MSRs (239.4) (114.8)
Proceeds from sale of MSRs 4.8 193.9
Distribution from (investment in) equity method investee, net 0.0 7.1
Acquisition of advances in connection with MSR transactions (4.0) (0.3)
Proceeds from sale of advances in connection with MSR transactions 0.9 10.2
Purchase of real estate (16.1) (32.9)
Proceeds from sale of real estate 35.7 18.0
Additions to premises and equipment (1.0) (0.3)
Net cash provided by investing activities 1,327.8 214.2
Cash flows from financing activities    
Repayment of advance match funded liabilities, net (96.5) (122.5)
Proceeds from mortgage loan financing facilities, net 519.7 636.1
Proceeds from MSR financing facilities 2,233.7 806.2
Repayment of MSR financing facilities (1,967.1) (916.2)
Repurchase of Senior notes 0.0 (68.5)
Payment of debt issuance costs (4.0) (6.2)
Proceeds from other financing liabilities - Sale of MSRs accounted for as secured financing 24.0 22.8
Proceeds from other financing liabilities - Excess Servicing Spread (ESS) liability 12.7 0.0
Repayment of other financing liabilities (52.8) (54.7)
Proceeds from sale of Home Equity Conversion Mortgages (HECM, or reverse mortgages) accounted for as a financing (HMBS-related borrowings) 847.0 792.3
Repayment of HMBS-related borrowings (2,314.8) (922.8)
Payment of preferred stock dividend (3.1) 0.0
Payment on exercise of common stock warrants (3.5) 0.0
Net cash provided by (used in) financing activities (804.7) 166.6
Net increase in cash, cash equivalents and restricted cash 5.7 25.0
Cash, cash equivalents and restricted cash at beginning of year 265.6 255.1
Cash, cash equivalents and restricted cash at end of period 271.3 280.1
Supplemental non-cash investing and financing activities:    
Interest paid 187.6 188.2
Income tax payments (refunds), net    
Federal (1.7) 9.5
State 0.8 0.5
Foreign 2.7 1.8
Income tax payments (refunds), net 1.9 11.8
Right-of-use asset 1.1 2.5
Lease liability 1.1 2.5
MSR, at fair value (12.2) (85.7)
Other financing liability, at fair value - MSR pledged liability (12.2) (85.7)
Supplemental Cash Flow Elements [Abstract]    
Cash and cash equivalents 172.8 201.6
Debt service accounts 35.1 35.8
Other restricted cash 63.4 42.7
Total cash, cash equivalents and restricted cash reported in the statements of cash flows $ 271.3 $ 280.1