2023 Q1 Form 10-K Financial Statement

#000093313623000009 Filed on February 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $330.0M $303.0M $2.464B
YoY Change -68.63% -51.52% -25.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $252.0M $284.0M $1.251B
YoY Change -25.88% -25.46% -22.92%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $8.000M $37.00M
YoY Change -18.18% -33.33% -35.09%
% of Gross Profit
Operating Expenses $261.0M $284.0M $1.274B
YoY Change -22.78% -25.46% -23.35%
Operating Profit
YoY Change
Interest Expense $110.0M -$11.00M $424.0M
YoY Change 3.77% -76.6% -11.3%
% of Operating Profit
Other Income/Expense, Net -$34.00M -$10.00M $24.00M
YoY Change -122.37% -129.41% -91.46%
Pretax Income $35.00M -$10.00M $1.214B
YoY Change -95.96% -104.33% -37.33%
Income Tax -$2.000M -$11.00M $291.0M
% Of Pretax Income -5.71% 23.97%
Net Earnings $37.00M $1.000M $923.0M
YoY Change -94.38% -99.35% -36.52%
Net Earnings / Revenue 11.21% 0.33% 37.46%
Basic Earnings Per Share $0.54 $12.84
Diluted Earnings Per Share $0.52 $0.01 $12.50
COMMON SHARES
Basic Shares Outstanding 69.27M shares 70.56M shares 71.89M shares
Diluted Shares Outstanding 70.48M shares 73.82M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $534.0M $527.0M $527.0M
YoY Change -7.77% -41.12% -41.12%
Cash & Equivalents $534.0M $527.0M $527.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $534.0M $527.0M $527.0M
YoY Change -7.77% -41.12% -41.12%
LONG-TERM ASSETS
Property, Plant & Equipment $64.00M $65.00M $161.0M
YoY Change -14.67% -33.67% -22.97%
Goodwill $120.0M $120.0M
YoY Change 0.0% 0.0%
Intangibles $6.000M $8.000M
YoY Change -53.85% -42.86%
Long-Term Investments $6.566B $6.654B $6.654B
YoY Change 9.32% 57.57% 57.57%
Other Assets $840.0M $878.0M $878.0M
YoY Change -9.09% -22.78% -22.78%
Total Long-Term Assets $12.12B $12.25B $12.25B
YoY Change -12.85% -7.96% -7.96%
TOTAL ASSETS
Total Short-Term Assets $534.0M $527.0M $527.0M
Total Long-Term Assets $12.12B $12.25B $12.25B
Total Assets $12.66B $12.78B $12.78B
YoY Change -12.65% -10.05% -10.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $111.0M
YoY Change -9.02%
Deferred Revenue
YoY Change
Short-Term Debt $1.889B $1.865B $1.865B
YoY Change 60.77% 24.67% 24.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.550B $2.633B $2.633B
YoY Change 15.75% 10.08% 10.08%
LONG-TERM LIABILITIES
Long-Term Debt $5.609B $5.558B $5.558B
YoY Change -24.86% -27.51% -27.51%
Other Long-Term Liabilities $512.0M $528.0M $528.0M
YoY Change -39.41% -32.13% -32.13%
Total Long-Term Liabilities $6.121B $6.086B $6.086B
YoY Change -26.34% -27.93% -27.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.550B $2.633B $2.633B
Total Long-Term Liabilities $6.121B $6.086B $6.086B
Total Liabilities $8.671B $8.719B $8.719B
YoY Change -17.52% -19.54% -19.55%
SHAREHOLDERS EQUITY
Retained Earnings $3.839B $3.802B
YoY Change 8.54% 32.06%
Common Stock $1.067B $1.105B
YoY Change -1.75% -1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $920.0M $850.0M
YoY Change 42.19% 34.92%
Treasury Stock Shares 24.00M shares
Shareholders Equity $3.986B $4.057B $4.057B
YoY Change
Total Liabilities & Shareholders Equity $12.66B $12.78B $12.78B
YoY Change -12.65% -10.05% -10.05%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $37.00M $1.000M $923.0M
YoY Change -94.38% -99.35% -36.52%
Depreciation, Depletion And Amortization $9.000M $8.000M $37.00M
YoY Change -18.18% -33.33% -35.09%
Cash From Operating Activities $160.0M $623.0M $3.767B
YoY Change -82.72% -81.69% 43.12%
INVESTING ACTIVITIES
Capital Expenditures $5.000M $3.000M $17.00M
YoY Change -266.67% -137.5% -141.46%
Acquisitions $0.00
YoY Change
Other Investing Activities $3.000M -$332.0M $0.00
YoY Change -275.66% -100.0%
Cash From Investing Activities -$107.0M -$335.0M -$1.322B
YoY Change -88.9% -285.08% -210.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $239.0M
YoY Change -58.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$88.00M -264.0M -$2.784B
YoY Change -70.07% -92.36% -24.68%
NET CHANGE
Cash From Operating Activities $160.0M 623.0M $3.767B
Cash From Investing Activities -$107.0M -335.0M -$1.322B
Cash From Financing Activities -$88.00M -264.0M -$2.784B
Net Change In Cash -$35.00M 24.00M -$339.0M
YoY Change -89.46% -81.1% -364.84%
FREE CASH FLOW
Cash From Operating Activities $160.0M $623.0M $3.767B
Capital Expenditures $5.000M $3.000M $17.00M
Free Cash Flow $155.0M $620.0M $3.750B
YoY Change -83.32% -81.82% 40.29%

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CY2022 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from these estimates, and such differences could be material, due to factors such as adverse changes in the economy, changes in interest rates, secondary market pricing for loans held for sale and derivatives, strength of underwriting and servicing practices, changes in prepayment assumptions, declines in home prices or discrete events adversely affecting specific borrowers.</span></div>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made in the 2021 and 2020 consolidated financial statements to conform to 2022 presentation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Such reclassifications were not material and did not affect total revenues or net income.</span></div>
CY2022 coop Mortgage Loan Sale Period
MortgageLoanSalePeriod
P30D
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Loss Reserves</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ASC 326, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Financial Instruments – Credit Losses</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> requires expected credit losses for financial instruments held at the reporting date to be measured based on historical experience, current conditions and reasonable and supportable forecasts, which is referred to as the current expected credit loss, or CECL, methodology. The new standard reflects management’s best estimate of all expected credit losses for the Company’s financial assets that are recognized at amortized cost. The CECL methodology considers expected lifetime loss rates calculated from historical data using a weighted average life to determine the current expected credit loss required.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company determined that “advances and other receivables, net”, and certain financial instruments included in “other assets” are within the scope of ASC 326. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For “advances and other receivables, net”, the Company determined that the majority of estimated losses are due to servicing operational errors, and credit-related losses are not significant because of the contractual relationships with the government and government sponsored agencies. The Company determined that the credit-related risk associated with certain applicable financial instruments can increase with the passage of time. The CECL reserve methodology considers these financial instruments collectible to a point in time of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> months. Any projected remaining balance at the end of the collection period is considered a loss and factors into the overall CECL loss rate required. </span></div>For “other assets”, primarily trade receivables and service fees earned but not received, the Company determined that these are short-term in nature (less than one year), and the estimated credit-related losses over the life of these receivables are similar to those resulting from the Company’s existing loss reserve process. The Company monitors the financial status of customers to determine if any specific loss considerations are required.
CY2022 coop Financial Instruments Collection Period
FinancialInstrumentsCollectionPeriod
P39M
CY2022 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Interest Income</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest income is recognized on mortgage loans held for sale for the period from loan funding to sale, which is typically within 30 days. Loans are placed on non-accrual status when any portion of the principal or interest is greater than 90 days past due. Loans return to accrual status when the principal and interest become current and it is probable that the amounts are fully collectible. For individual loans that have been modified, a period of six timely payments is required before the loan is returned to an accrual basis. Interest income also includes interest earned on custodial cash deposits associated with the servicing portfolio.</span></div>
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
37000000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
40000000 usd
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
38000000 usd
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
0 usd
CY2021Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
0 usd
CY2022Q4 coop Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
509000000 usd
CY2022Q4 coop Discontinued Operation Loan Asset Retained
DiscontinuedOperationLoanAssetRetained
36000000 usd
CY2022Q4 coop Discontinued Operation Loan Liability Retained
DiscontinuedOperationLoanLiabilityRetained
27000000 usd
CY2021Q4 coop Discontinued Operation Loan Asset Retained
DiscontinuedOperationLoanAssetRetained
55000000 usd
CY2021Q4 coop Discontinued Operation Loan Liability Retained
DiscontinuedOperationLoanLiabilityRetained
39000000 usd
CY2022Q4 coop Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
509000000 usd
CY2021Q4 coop Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
768000000 usd
CY2022Q4 coop Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
19000000 usd
CY2021Q4 coop Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
10000000 usd
CY2022Q4 coop Mortgage Serving Rights Liabilitycarriedatfairvalue
MortgageServingRightsLiabilitycarriedatfairvalue
528000000 usd
CY2021Q4 coop Mortgage Serving Rights Liabilitycarriedatfairvalue
MortgageServingRightsLiabilitycarriedatfairvalue
778000000 usd
CY2021Q4 coop Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
768000000 usd
CY2022Q4 coop Excess Spread Financing Upb Fair Value Disclosure
ExcessSpreadFinancingUPBFairValueDisclosure
83706000000 usd
CY2021Q4 coop Excess Spread Financing Upb Fair Value Disclosure
ExcessSpreadFinancingUPBFairValueDisclosure
126103000000 usd
CY2022Q2 coop Excess Spread Financing Repurchase Purchase Price
ExcessSpreadFinancingRepurchasePurchasePrice
277000000 usd
CY2022Q4 coop Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
19000000 usd
CY2021Q4 coop Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
10000000 usd
CY2022 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
1458000000 usd
CY2021 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
1122000000 usd
CY2020 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
1141000000 usd
CY2022 coop Other Service Related Income
OtherServiceRelatedIncome
105000000 usd
CY2021 coop Other Service Related Income
OtherServiceRelatedIncome
72000000 usd
CY2020 coop Other Service Related Income
OtherServiceRelatedIncome
68000000 usd
CY2022 coop Servicing Fee Income Incentiveand Modification Income
ServicingFeeIncomeIncentiveandModificationIncome
29000000 usd
CY2021 coop Servicing Fee Income Incentiveand Modification Income
ServicingFeeIncomeIncentiveandModificationIncome
51000000 usd
CY2020 coop Servicing Fee Income Incentiveand Modification Income
ServicingFeeIncomeIncentiveandModificationIncome
39000000 usd
CY2022 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
76000000 usd
CY2021 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
71000000 usd
CY2020 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
83000000 usd
CY2022 coop Servicing Fee Income Markto Market Adjustment
ServicingFeeIncomeMarktoMarketAdjustment
-821000000 usd
CY2021 coop Servicing Fee Income Markto Market Adjustment
ServicingFeeIncomeMarktoMarketAdjustment
-421000000 usd
CY2020 coop Servicing Fee Income Markto Market Adjustment
ServicingFeeIncomeMarktoMarketAdjustment
609000000 usd
CY2022 coop Servicing Fee Income Amortization
ServicingFeeIncomeAmortization
693000000 usd
CY2021 coop Servicing Fee Income Amortization
ServicingFeeIncomeAmortization
753000000 usd
CY2020 coop Servicing Fee Income Amortization
ServicingFeeIncomeAmortization
510000000 usd
CY2022 coop Servicing Fee Income Originations
ServicingFeeIncomeOriginations
-98000000 usd
CY2021 coop Servicing Fee Income Originations
ServicingFeeIncomeOriginations
-176000000 usd
CY2020 coop Servicing Fee Income Originations
ServicingFeeIncomeOriginations
-105000000 usd
CY2022 coop Servicing Fee Income Corporate Xome Related
ServicingFeeIncomeCorporateXomeRelated
-76000000 usd
CY2021 coop Servicing Fee Income Corporate Xome Related
ServicingFeeIncomeCorporateXomeRelated
-186000000 usd
CY2020 coop Servicing Fee Income Corporate Xome Related
ServicingFeeIncomeCorporateXomeRelated
-433000000 usd
CY2022 coop Servicing Fee Income Counter Party Revenue Share
ServicingFeeIncomeCounterPartyRevenueShare
105000000 usd
CY2021 coop Servicing Fee Income Counter Party Revenue Share
ServicingFeeIncomeCounterPartyRevenueShare
279000000 usd
CY2020 coop Servicing Fee Income Counter Party Revenue Share
ServicingFeeIncomeCounterPartyRevenueShare
371000000 usd
CY2022 coop Servicing Fee Income Net
ServicingFeeIncomeNet
1865000000 usd
CY2021 coop Servicing Fee Income Net
ServicingFeeIncomeNet
1067000000 usd
CY2020 coop Servicing Fee Income Net
ServicingFeeIncomeNet
379000000 usd
CY2022 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
661000000 usd
CY2021 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
495000000 usd
CY2020 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
374000000 usd
CY2022 coop Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
-30000000 usd
CY2021 coop Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
-35000000 usd
CY2020 coop Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
-28000000 usd
CY2022 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-332000000 usd
CY2021 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-86000000 usd
CY2020 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
41000000 usd
CY2022 coop Servicing Fee Income Accretion Expense
ServicingFeeIncomeAccretionExpense
86000000 usd
CY2021 coop Servicing Fee Income Accretion Expense
ServicingFeeIncomeAccretionExpense
255000000 usd
CY2020 coop Servicing Fee Income Accretion Expense
ServicingFeeIncomeAccretionExpense
338000000 usd
CY2022Q4 coop Servicing Advances Discount
ServicingAdvancesDiscount
12000000 usd
CY2021Q4 coop Servicing Advances Discount
ServicingAdvancesDiscount
19000000 usd
CY2022Q4 coop Servicing Advances
ServicingAdvances
1053000000 usd
CY2021Q4 coop Servicing Advances
ServicingAdvances
1263000000 usd
CY2022Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
7000000 usd
CY2021Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
12000000 usd
CY2022Q4 coop Government Sponsored Entityand Investor Receivable
GovernmentSponsoredEntityandInvestorReceivable
103000000 usd
CY2021Q4 coop Government Sponsored Entityand Investor Receivable
GovernmentSponsoredEntityandInvestorReceivable
132000000 usd
CY2022Q4 coop Advancesand Other Receivables Reserves
AdvancesandOtherReceivablesReserves
137000000 usd
CY2021Q4 coop Advancesand Other Receivables Reserves
AdvancesandOtherReceivablesReserves
167000000 usd
CY2022Q4 coop Advancesand Other Receivables Net
AdvancesandOtherReceivablesNet
1019000000 usd
CY2021Q4 coop Advancesand Other Receivables Net
AdvancesandOtherReceivablesNet
1228000000 usd
CY2021Q4 coop Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
167000000 usd
CY2020Q4 coop Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
208000000 usd
CY2022 coop Advancesand Other Receivables Servicing Reserves Provision And Other Additions
AdvancesandOtherReceivablesServicingReservesProvisionAndOtherAdditions
66000000 usd
CY2021 coop Advancesand Other Receivables Servicing Reserves Provision And Other Additions
AdvancesandOtherReceivablesServicingReservesProvisionAndOtherAdditions
75000000 usd
CY2022 coop Advances And Other Receivables Servicing Reserves Write Offs
AdvancesAndOtherReceivablesServicingReservesWriteOffs
96000000 usd
CY2021 coop Advances And Other Receivables Servicing Reserves Write Offs
AdvancesAndOtherReceivablesServicingReservesWriteOffs
116000000 usd
CY2022Q4 coop Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
137000000 usd
CY2021Q4 coop Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
167000000 usd
CY2022 coop Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
-30000000 usd
CY2021 coop Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
-35000000 usd
CY2021Q4 coop Servicing Advances Discount
ServicingAdvancesDiscount
19000000 usd
CY2021Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
12000000 usd
CY2020Q4 coop Servicing Advances Discount
ServicingAdvancesDiscount
72000000 usd
CY2020Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
21000000 usd
CY2022 coop Accretion Of Service Advances Discount
AccretionOfServiceAdvancesDiscount
7000000 usd
CY2022 coop Receivable Discount Accretion Expense
ReceivableDiscountAccretionExpense
5000000 usd
CY2021 coop Accretion Of Service Advances Discount
AccretionOfServiceAdvancesDiscount
53000000 usd
CY2021 coop Receivable Discount Accretion Expense
ReceivableDiscountAccretionExpense
9000000 usd
CY2022Q4 coop Servicing Advances Discount
ServicingAdvancesDiscount
12000000 usd
CY2022Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
7000000 usd
CY2021Q4 coop Servicing Advances Discount
ServicingAdvancesDiscount
19000000 usd
CY2021Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
12000000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
36000000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
31000000 usd
CY2022 coop Financial Instruments Collection Period
FinancialInstrumentsCollectionPeriod
P39M
CY2022Q4 coop Loans Held For Sale Mortgages Unpaid Principal Balance
LoansHeldForSaleMortgagesUnpaidPrincipalBalance
921000000 usd
CY2021Q4 coop Loans Held For Sale Mortgages Unpaid Principal Balance
LoansHeldForSaleMortgagesUnpaidPrincipalBalance
4257000000 usd
CY2022Q4 coop Loans Held For Sale Mortgages Fair Value Adjustment
LoansHeldForSaleMortgagesFairValueAdjustment
-28000000 usd
CY2021Q4 coop Loans Held For Sale Mortgages Fair Value Adjustment
LoansHeldForSaleMortgagesFairValueAdjustment
124000000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
893000000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
4381000000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
4381000000 usd
CY2020Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
5720000000 usd
CY2022 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
34731000000 usd
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
96077000000 usd
CY2022 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
28309000000 usd
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
84684000000 usd
CY2022 coop Repurchaseof Ginnie Mae Receivables
RepurchaseofGinnieMaeReceivables
3067000000 usd
CY2021 coop Repurchaseof Ginnie Mae Receivables
RepurchaseofGinnieMaeReceivables
10156000000 usd
CY2022 coop Loans Receivable Heldforsale Reconciliationto Cash Flow Changesin Fair Value
LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue
-132000000 usd
CY2021 coop Loans Receivable Heldforsale Reconciliationto Cash Flow Changesin Fair Value
LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue
-107000000 usd
CY2022 coop Loans Receivable Held For Sale Reconciliation To Cash Flow Transfer From Held For Sale Fromto Other Assets
LoansReceivableHeldForSaleReconciliationToCashFlowTransferFromHeldForSaleFromtoOtherAssets
-1000000 usd
CY2021 coop Loans Receivable Held For Sale Reconciliation To Cash Flow Transfer From Held For Sale Fromto Other Assets
LoansReceivableHeldForSaleReconciliationToCashFlowTransferFromHeldForSaleFromtoOtherAssets
5000000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
893000000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
4381000000 usd
CY2022 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
34464000000 usd
CY2021 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
97454000000 usd
CY2022 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-267000000 usd
CY2021 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1377000000 usd
CY2022Q4 coop Mortgage Loans Heldfor Sale Nonaccrual Basis Unpaid Principal Balance
MortgageLoansHeldforSaleNonaccrualBasisUnpaidPrincipalBalance
102000000 usd
CY2022Q4 coop Fair Value Mortgage Loans Heldfor Salenonaccrualstatus
FairValueMortgageLoansHeldforSalenonaccrualstatus
87000000 usd
CY2021Q4 coop Mortgage Loans Heldfor Sale Nonaccrual Basis Unpaid Principal Balance
MortgageLoansHeldforSaleNonaccrualBasisUnpaidPrincipalBalance
104000000 usd
CY2021Q4 coop Fair Value Mortgage Loans Heldfor Salenonaccrualstatus
FairValueMortgageLoansHeldforSalenonaccrualstatus
94000000 usd
CY2022Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
65000000 usd
CY2021Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
16000000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
187000000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
220000000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
122000000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
122000000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
65000000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
98000000 usd
CY2022 us-gaap Depreciation
Depreciation
31000000 usd
CY2021 us-gaap Depreciation
Depreciation
45000000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
96000000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
111000000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
111000000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
122000000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
26000000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
31000000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
3000000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
4000000 usd
CY2022 us-gaap Lease Cost
LeaseCost
23000000 usd
CY2021 us-gaap Lease Cost
LeaseCost
27000000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19000000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
23000000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
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Files In Submission

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