2024 Q2 Form 10-Q Financial Statement
#000093313624000035 Filed on April 24, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| Revenue | $583.0M | $564.0M | $404.0M |
| YoY Change | 19.96% | 70.91% | 33.33% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $293.0M | $305.0M | $322.0M |
| YoY Change | 10.15% | 21.03% | 13.38% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $8.000M | $8.000M | $10.00M |
| YoY Change | -11.11% | -11.11% | 25.0% |
| % of Gross Profit | |||
| Operating Expenses | $300.0M | $305.0M | $332.0M |
| YoY Change | 12.78% | 16.86% | 16.9% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | $187.0M | -$12.00M | $0.00 |
| YoY Change | -3840.0% | -110.91% | -100.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$6.000M | -$3.000M | -$3.000M |
| YoY Change | 20.0% | -91.18% | -70.0% |
| Pretax Income | $277.0M | $232.0M | $69.00M |
| YoY Change | 39.9% | 562.86% | -790.0% |
| Income Tax | $73.00M | $51.00M | $23.00M |
| % Of Pretax Income | 26.35% | 21.98% | 33.33% |
| Net Earnings | $204.0M | $181.0M | $46.00M |
| YoY Change | 43.66% | 389.19% | 4500.0% |
| Net Earnings / Revenue | 34.99% | 32.09% | 11.39% |
| Basic Earnings Per Share | $3.16 | $2.80 | |
| Diluted Earnings Per Share | $3.10 | $2.73 | $0.69 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 64.72M shares | 64.60M shares | 65.86M shares |
| Diluted Shares Outstanding | 65.77M shares | 66.27M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $642.0M | $578.0M | $571.0M |
| YoY Change | 24.18% | 8.24% | 8.35% |
| Cash & Equivalents | $642.0M | $578.0M | $571.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $642.0M | $578.0M | $571.0M |
| YoY Change | 24.18% | 8.24% | 8.35% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $57.00M | $55.00M | $53.00M |
| YoY Change | -6.56% | -14.06% | -18.46% |
| Goodwill | $141.0M | $141.0M | $141.0M |
| YoY Change | 17.5% | 17.5% | 17.5% |
| Intangibles | $25.00M | $26.00M | $28.00M |
| YoY Change | -10.71% | 333.33% | 250.0% |
| Long-Term Investments | $10.35B | $9.796B | $9.090B |
| YoY Change | 44.8% | 49.19% | 36.61% |
| Other Assets | $513.0M | $583.0M | $641.0M |
| YoY Change | -37.97% | -30.6% | -26.99% |
| Total Long-Term Assets | $15.14B | $14.20B | $13.63B |
| YoY Change | 19.91% | 17.11% | 11.23% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $642.0M | $578.0M | $571.0M |
| Total Long-Term Assets | $15.14B | $14.20B | $13.63B |
| Total Assets | $15.78B | $14.78B | $14.20B |
| YoY Change | 20.08% | 16.73% | 11.11% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $829.0M | $856.0M | $966.0M |
| YoY Change | -49.76% | -54.69% | -48.2% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.684B | $1.691B | $1.995B |
| YoY Change | -29.69% | -33.69% | -24.23% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $9.066B | $8.224B | $7.453B |
| YoY Change | 46.51% | 46.62% | 34.09% |
| Other Long-Term Liabilities | $439.0M | $455.0M | $466.0M |
| YoY Change | -8.92% | -11.13% | -11.74% |
| Total Long-Term Liabilities | $9.505B | $8.679B | $7.919B |
| YoY Change | 42.5% | 41.79% | 30.12% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.684B | $1.691B | $1.995B |
| Total Long-Term Liabilities | $9.505B | $8.679B | $7.919B |
| Total Liabilities | $11.19B | $10.37B | $9.914B |
| YoY Change | 23.43% | 19.59% | 13.71% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $4.687B | $4.483B | $4.302B |
| YoY Change | 17.73% | 16.78% | 13.15% |
| Common Stock | $1.059B | $1.052B | $1.088B |
| YoY Change | -1.49% | -1.41% | -1.54% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $1.152B | $1.130B | $1.108B |
| YoY Change | 17.91% | 22.83% | 30.35% |
| Treasury Stock Shares | |||
| Shareholders Equity | $4.594B | $4.405B | $4.282B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $15.78B | $14.78B | $14.20B |
| YoY Change | 20.08% | 16.73% | 11.11% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $204.0M | $181.0M | $46.00M |
| YoY Change | 43.66% | 389.19% | 4500.0% |
| Depreciation, Depletion And Amortization | $8.000M | $8.000M | $10.00M |
| YoY Change | -11.11% | -11.11% | 25.0% |
| Cash From Operating Activities | -$164.0M | $28.00M | $124.0M |
| YoY Change | 1390.91% | -82.5% | -80.1% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $8.000M | $8.000M | $2.000M |
| YoY Change | -79.49% | 60.0% | -33.33% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$550.0M | -$707.0M | -$746.0M |
| YoY Change | 27.91% | -23666.67% | 124.7% |
| Cash From Investing Activities | -$558.0M | -$715.0M | -$748.0M |
| YoY Change | 18.98% | 568.22% | 123.28% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 791.0M | 682.0M | 660.0M |
| YoY Change | 58.2% | -875.0% | -350.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -164.0M | 28.00M | 124.0M |
| Cash From Investing Activities | -558.0M | -715.0M | -748.0M |
| Cash From Financing Activities | 791.0M | 682.0M | 660.0M |
| Net Change In Cash | 69.00M | -5.000M | 36.00M |
| YoY Change | 245.0% | -85.71% | 50.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$164.0M | $28.00M | $124.0M |
| Capital Expenditures | $8.000M | $8.000M | $2.000M |
| Free Cash Flow | -$172.0M | $20.00M | $122.0M |
| YoY Change | 244.0% | -87.1% | -80.32% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q3 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Statement Of Income Or Comprehensive Income Extensible Enumeration
BusinessCombinationBargainPurchaseGainRecognizedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
|
http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense | |
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Gain Loss On Sales Of Loans Net
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Revenues
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Revenues
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Interest Expense
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Other Nonoperating Income Expense
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Income Loss Attributable To Parent
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Income Loss Attributable To Parent
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Income Tax Expense Benefit
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Income Tax Expense Benefit
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Net Income Loss
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Net Income Loss
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Earnings Per Share Basic
EarningsPerShareBasic
|
2.80 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.54 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.73 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.52 | |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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Stock Issued During Period Value Share Based Compensation
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Stock Repurchased During Period Value
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Profit Loss
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Stockholders Equity
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Stockholders Equity
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Profit Loss
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Stockholders Equity
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Deferred Income Tax Expense Benefit
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Mortgage Servicing Rights Msr Impairment Recovery
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Fair Value Changes In Excess Financing Spread
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Fair Value Changes In Excess Financing Spread
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Deferred Income Tax Expense Benefit
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Gain Loss On Sales Of Loans Net
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Gain Loss On Sales Of Loans Net
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Provisionfor Reserveson Advanceand Other Receivables
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Gain Loss On Oil And Gas Hedging Activity
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Gain Loss On Oil And Gas Hedging Activity
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Gain Loss On Msr Sales
GainLossOnMSRSales
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Gain Loss On Msr Sales
GainLossOnMSRSales
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Payments For Origination And Purchases Of Loans Held For Sale
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Repurchaseof Forward Loan Assetsoutof Ginnie Mae Securitizations
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Repurchaseof Forward Loan Assetsoutof Ginnie Mae Securitizations
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Increase Decrease In Accounts Receivable
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Payments For Proceeds From Productive Assets
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Payments For Proceeds From Productive Assets
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Payments To Acquire Mortgage Servicing Rights Msr
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Payments To Acquire Mortgage Servicing Rights Msr
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Proceeds From Sale Of Mortgage Servicing Rights Msr
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Proceeds From Repayments Of Secured Debt
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Proceeds From Repayments Of Secured Debt
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Settlement And Repayment Of Excess Servicing Spread Financing
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Settlement And Repayment Of Excess Servicing Spread Financing
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Proceeds From Issuance Of Unsecured Debt
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|
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Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
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| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
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Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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Proceeds From Payments For Other Financing Activities
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Proceeds From Payments For Other Financing Activities
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Financing Activities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Noncash Transaction Purchase Of Forward Mortgage Servicing Rights
NoncashTransactionPurchaseOfForwardMortgageServicingRights
|
48000000 | usd |
| CY2023Q1 | coop |
Noncash Transaction Purchase Of Forward Mortgage Servicing Rights
NoncashTransactionPurchaseOfForwardMortgageServicingRights
|
1000000 | usd |
| CY2024Q1 | coop |
Noncash Transaction Sale Of Mortgage Servicing Rights
NoncashTransactionSaleOfMortgageServicingRights
|
2000000 | usd |
| CY2023Q1 | coop |
Noncash Transaction Sale Of Mortgage Servicing Rights
NoncashTransactionSaleOfMortgageServicingRights
|
0 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
578000000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
534000000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
157000000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
133000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
735000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
667000000 | usd |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<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 condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed 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> | |
| CY2023Q2 | us-gaap |
Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
|
34000000 | usd |
| CY2024Q1 | coop |
Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
|
420000000 | usd |
| CY2023Q4 | coop |
Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
|
437000000 | usd |
| CY2024Q1 | coop |
Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
|
35000000 | usd |
| CY2023Q4 | coop |
Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
|
29000000 | usd |
| CY2024Q1 | coop |
Mortgage Servicing Rights Liability Carried At Fair Value
MortgageServicingRightsLiabilityCarriedAtFairValue
|
455000000 | usd |
| CY2023Q4 | coop |
Mortgage Servicing Rights Liability Carried At Fair Value
MortgageServicingRightsLiabilityCarriedAtFairValue
|
466000000 | usd |
| CY2024Q1 | coop |
Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
|
420000000 | usd |
| CY2023Q4 | coop |
Excess Spread Financing Fair Value Disclosure
ExcessSpreadFinancingFairValueDisclosure
|
437000000 | usd |
| CY2024Q1 | coop |
Excess Spread Financing Upb Fair Value Disclosure
ExcessSpreadFinancingUPBFairValueDisclosure
|
72397000000 | usd |
| CY2023Q4 | coop |
Excess Spread Financing Upb Fair Value Disclosure
ExcessSpreadFinancingUPBFairValueDisclosure
|
74219000000 | usd |
| CY2024Q1 | coop |
Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
|
35000000 | usd |
| CY2023Q4 | coop |
Mortgage Servicing Rights Liability Resultingfrom Saleof Servicer Advances Rightsnot Accountedforasa Sale
MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale
|
29000000 | usd |
| CY2024Q1 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
514000000 | usd |
| CY2023Q1 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
384000000 | usd |
| CY2024Q1 | coop |
Other Service Related Income
OtherServiceRelatedIncome
|
22000000 | usd |
| CY2023Q1 | coop |
Other Service Related Income
OtherServiceRelatedIncome
|
14000000 | usd |
| CY2024Q1 | coop |
Servicing Fee Income Incentiveand Modification Income
ServicingFeeIncomeIncentiveandModificationIncome
|
18000000 | usd |
| CY2023Q1 | coop |
Servicing Fee Income Incentiveand Modification Income
ServicingFeeIncomeIncentiveandModificationIncome
|
6000000 | usd |
| CY2024Q1 | us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
30000000 | usd |
| CY2023Q1 | us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
21000000 | usd |
| CY2024Q1 | coop |
Servicing Fee Income Markto Market Adjustment
ServicingFeeIncomeMarktoMarketAdjustment
|
-189000000 | usd |
| CY2023Q1 | coop |
Servicing Fee Income Markto Market Adjustment
ServicingFeeIncomeMarktoMarketAdjustment
|
105000000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
-122000000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
|
59000000 | usd |
| CY2024Q1 | coop |
Gain Loss On Msr Sales
GainLossOnMSRSales
|
-12000000 | usd |
| CY2023Q1 | coop |
Gain Loss On Msr Sales
GainLossOnMSRSales
|
0 | usd |
| CY2024Q1 | coop |
Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
|
-6000000 | usd |
| CY2023Q1 | coop |
Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
|
-9000000 | usd |
| CY2024Q1 | coop |
Fair Value Changes In Excess Financing Spread
FairValueChangesInExcessFinancingSpread
|
-6000000 | usd |
| CY2023Q1 | coop |
Fair Value Changes In Excess Financing Spread
FairValueChangesInExcessFinancingSpread
|
-6000000 | usd |
| CY2024Q1 | coop |
Total Mark To Market Adjustment Servicing
TotalMarkToMarketAdjustmentServicing
|
-43000000 | usd |
| CY2023Q1 | coop |
Total Mark To Market Adjustment Servicing
TotalMarkToMarketAdjustmentServicing
|
61000000 | usd |
| CY2024Q1 | coop |
Servicing Fee Income Amortization
ServicingFeeIncomeAmortization
|
179000000 | usd |
| CY2023Q1 | coop |
Servicing Fee Income Amortization
ServicingFeeIncomeAmortization
|
125000000 | usd |
| CY2024Q1 | coop |
Servicing Fee Income Accretion Expense
ServicingFeeIncomeAccretionExpense
|
-9000000 | usd |
| CY2023Q1 | coop |
Servicing Fee Income Accretion Expense
ServicingFeeIncomeAccretionExpense
|
-10000000 | usd |
| CY2024Q1 | coop |
Servicing Fee Income Total Amortization Net Of Accretion
ServicingFeeIncomeTotalAmortizationNetOfAccretion
|
170000000 | usd |
| CY2023Q1 | coop |
Servicing Fee Income Total Amortization Net Of Accretion
ServicingFeeIncomeTotalAmortizationNetOfAccretion
|
115000000 | usd |
| CY2024Q1 | coop |
Originations Service Fees
OriginationsServiceFees
|
16000000 | usd |
| CY2023Q1 | coop |
Originations Service Fees
OriginationsServiceFees
|
11000000 | usd |
| CY2024Q1 | coop |
Corporate Xome Related Service Fees
CorporateXomeRelatedServiceFees
|
22000000 | usd |
| CY2023Q1 | coop |
Corporate Xome Related Service Fees
CorporateXomeRelatedServiceFees
|
19000000 | usd |
| CY2024Q1 | coop |
Servicing Fee Income Counter Party Revenue Share
ServicingFeeIncomeCounterPartyRevenueShare
|
17000000 | usd |
| CY2023Q1 | coop |
Servicing Fee Income Counter Party Revenue Share
ServicingFeeIncomeCounterPartyRevenueShare
|
18000000 | usd |
| CY2024Q1 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
478000000 | usd |
| CY2023Q1 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
261000000 | usd |
| CY2024Q1 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
185000000 | usd |
| CY2023Q1 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
177000000 | usd |
| CY2024Q1 | coop |
Servicing Advances Discount
ServicingAdvancesDiscount
|
12000000 | usd |
| CY2023Q4 | coop |
Servicing Advances Discount
ServicingAdvancesDiscount
|
13000000 | usd |
| CY2024Q1 | coop |
Servicing Advances
ServicingAdvances
|
998000000 | usd |
| CY2023Q4 | coop |
Servicing Advances
ServicingAdvances
|
1065000000 | usd |
| CY2024Q1 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
0 | usd |
| CY2023Q4 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
6000000 | usd |
| CY2024Q1 | coop |
Government Sponsored Entityand Investor Receivable
GovernmentSponsoredEntityandInvestorReceivable
|
60000000 | usd |
| CY2023Q4 | coop |
Government Sponsored Entityand Investor Receivable
GovernmentSponsoredEntityandInvestorReceivable
|
101000000 | usd |
| CY2024Q1 | coop |
Advancesand Other Receivables Reserves
AdvancesandOtherReceivablesReserves
|
144000000 | usd |
| CY2023Q4 | coop |
Advancesand Other Receivables Reserves
AdvancesandOtherReceivablesReserves
|
170000000 | usd |
| CY2024Q1 | coop |
Advancesand Other Receivables Net
AdvancesandOtherReceivablesNet
|
914000000 | usd |
| CY2023Q4 | coop |
Advancesand Other Receivables Net
AdvancesandOtherReceivablesNet
|
996000000 | usd |
| CY2023Q4 | coop |
Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
|
170000000 | usd |
| CY2022Q4 | coop |
Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
|
137000000 | usd |
| CY2024Q1 | coop |
Reserves For Advances And Other Receivables Provision Additions
ReservesForAdvancesAndOtherReceivablesProvisionAdditions
|
-15000000 | usd |
| CY2023Q1 | coop |
Reserves For Advances And Other Receivables Provision Additions
ReservesForAdvancesAndOtherReceivablesProvisionAdditions
|
-9000000 | usd |
| CY2024Q1 | coop |
Advances And Other Receivables Servicing Reserves Other Additions
AdvancesAndOtherReceivablesServicingReservesOtherAdditions
|
9000000 | usd |
| CY2023Q1 | coop |
Advances And Other Receivables Servicing Reserves Other Additions
AdvancesAndOtherReceivablesServicingReservesOtherAdditions
|
7000000 | usd |
| CY2024Q1 | coop |
Advances And Other Receivables Servicing Reserves Write Offs
AdvancesAndOtherReceivablesServicingReservesWriteOffs
|
50000000 | usd |
| CY2023Q1 | coop |
Advances And Other Receivables Servicing Reserves Write Offs
AdvancesAndOtherReceivablesServicingReservesWriteOffs
|
5000000 | usd |
| CY2024Q1 | coop |
Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
|
144000000 | usd |
| CY2023Q1 | coop |
Advancesand Other Receivables Servicing Reserves
AdvancesandOtherReceivablesServicingReserves
|
148000000 | usd |
| CY2024Q1 | coop |
Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
|
-6000000 | usd |
| CY2023Q1 | coop |
Gain Loss On Advances And Other Receivables Related To Inactive And Liquidated Loans
GainLossOnAdvancesAndOtherReceivablesRelatedToInactiveAndLiquidatedLoans
|
-9000000 | usd |
| CY2023Q4 | coop |
Servicing Advances Discount
ServicingAdvancesDiscount
|
13000000 | usd |
| CY2023Q4 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
6000000 | usd |
| CY2022Q4 | coop |
Servicing Advances Discount
ServicingAdvancesDiscount
|
12000000 | usd |
| CY2022Q4 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
7000000 | usd |
| CY2024Q1 | coop |
Accretion Of Service Advances Discount
AccretionOfServiceAdvancesDiscount
|
1000000 | usd |
| CY2024Q1 | coop |
Receivable Discount Accretion Expense
ReceivableDiscountAccretionExpense
|
6000000 | usd |
| CY2023Q1 | coop |
Accretion Of Service Advances Discount
AccretionOfServiceAdvancesDiscount
|
3000000 | usd |
| CY2023Q1 | coop |
Receivable Discount Accretion Expense
ReceivableDiscountAccretionExpense
|
0 | usd |
| CY2024Q1 | coop |
Servicing Advances Discount
ServicingAdvancesDiscount
|
12000000 | usd |
| CY2024Q1 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
0 | usd |
| CY2023Q1 | coop |
Servicing Advances Discount
ServicingAdvancesDiscount
|
9000000 | usd |
| CY2023Q1 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
7000000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
35000000 | usd |
| CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
36000000 | usd |
| CY2024Q1 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
1000000 | usd |
| CY2023Q1 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
2000000 | usd |
| CY2024Q1 | coop |
Other Credit Losses Write Off
OtherCreditLossesWriteOff
|
19000000 | usd |
| CY2023Q1 | coop |
Other Credit Losses Write Off
OtherCreditLossesWriteOff
|
0 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
17000000 | usd |
| CY2023Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
38000000 | usd |
| CY2024Q1 | coop |
Financial Instruments Collection Period
FinancialInstrumentsCollectionPeriod
|
P39M | |
| CY2024Q1 | coop |
Loans Held For Sale Mortgages Unpaid Principal Balance
LoansHeldForSaleMortgagesUnpaidPrincipalBalance
|
1071000000 | usd |
| CY2023Q4 | coop |
Loans Held For Sale Mortgages Unpaid Principal Balance
LoansHeldForSaleMortgagesUnpaidPrincipalBalance
|
924000000 | usd |
| CY2024Q1 | coop |
Loans Held For Sale Mortgages Fair Value Adjustment
LoansHeldForSaleMortgagesFairValueAdjustment
|
-1000000 | usd |
| CY2023Q4 | coop |
Loans Held For Sale Mortgages Fair Value Adjustment
LoansHeldForSaleMortgagesFairValueAdjustment
|
3000000 | usd |
| CY2024Q1 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
1070000000 | usd |
| CY2023Q4 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
927000000 | usd |
| CY2023Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
927000000 | usd |
| CY2022Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
893000000 | usd |
| CY2024Q1 | us-gaap |
Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
|
3186000000 | usd |
| CY2023Q1 | us-gaap |
Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
|
2940000000 | usd |
| CY2024Q1 | us-gaap |
Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
|
2942000000 | usd |
| CY2023Q1 | us-gaap |
Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
|
2760000000 | usd |
| CY2024Q1 | coop |
Repurchaseof Ginnie Mae Receivables
RepurchaseofGinnieMaeReceivables
|
386000000 | usd |
| CY2023Q1 | coop |
Repurchaseof Ginnie Mae Receivables
RepurchaseofGinnieMaeReceivables
|
222000000 | usd |
| CY2024Q1 | coop |
Loans Receivable Heldforsale Reconciliationto Cash Flow Changesin Fair Value
LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue
|
3000000 | usd |
| CY2023Q1 | coop |
Loans Receivable Heldforsale Reconciliationto Cash Flow Changesin Fair Value
LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue
|
9000000 | usd |
| CY2024Q1 | coop |
Loans Receivable Heldforsale Reconciliationto Cash Flow Transferfrom Heldforsaleto Held For Investmentor Other Assets
LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets
|
-2000000 | usd |
| CY2023Q1 | coop |
Loans Receivable Heldforsale Reconciliationto Cash Flow Transferfrom Heldforsaleto Held For Investmentor Other Assets
LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets
|
-7000000 | usd |
| CY2024Q1 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
1070000000 | usd |
| CY2023Q1 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
937000000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
9000000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
-9000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
3162000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
2931000000 | usd |
| CY2024Q1 | coop |
Mortgage Loans Heldfor Sale Nonaccrual Basis Unpaid Principal Balance
MortgageLoansHeldforSaleNonaccrualBasisUnpaidPrincipalBalance
|
38000000 | usd |
| CY2024Q1 | coop |
Fair Value Mortgage Loans Heldfor Salenonaccrualstatus
FairValueMortgageLoansHeldforSalenonaccrualstatus
|
31000000 | usd |
| CY2023Q4 | coop |
Mortgage Loans Heldfor Sale Nonaccrual Basis Unpaid Principal Balance
MortgageLoansHeldforSaleNonaccrualBasisUnpaidPrincipalBalance
|
42000000 | usd |
| CY2023Q4 | coop |
Fair Value Mortgage Loans Heldfor Salenonaccrualstatus
FairValueMortgageLoansHeldforSalenonaccrualstatus
|
36000000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
|
29000000 | usd |
| CY2023Q4 | us-gaap |
Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
|
30000000 | usd |
| CY2024Q1 | coop |
Resell Agreement Loans And Leases Receivable
ResellAgreementLoansAndLeasesReceivable
|
856000000 | usd |
| CY2023Q4 | coop |
Resell Agreement Loans And Leases Receivable
ResellAgreementLoansAndLeasesReceivable
|
966000000 | usd |
| CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
141000000 | usd |
| CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
141000000 | usd |
| CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
26000000 | usd |
| CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
28000000 | usd |
| CY2024Q1 | coop |
Qualitative And Quantitative Information Transferors Continuing Involvement Collateral Balances
QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCollateralBalances
|
859000000 | usd |
| CY2023Q4 | coop |
Qualitative And Quantitative Information Transferors Continuing Involvement Collateral Balances
QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCollateralBalances
|
881000000 | usd |
| CY2024Q1 | coop |
Qualitative And Quantitative Information Transferors Continuing Involvement Certificate Balances
QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCertificateBalances
|
830000000 | usd |
| CY2023Q4 | coop |
Qualitative And Quantitative Information Transferors Continuing Involvement Certificate Balances
QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCertificateBalances
|
849000000 | usd |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2024Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q1 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
0 | usd |
| CY2023Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
181000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
37000000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
64629000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69008000 | shares |
| CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1638000 | shares |
| CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1471000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
66267000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
70479000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.80 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.54 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.73 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.52 | |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-9000000 | usd |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.219 | |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.056 | |
| CY2024Q1 | coop |
Legal Fees Recoveries Net
LegalFeesRecoveriesNet
|
12000000 | usd |
| CY2023Q1 | coop |
Legal Fees Recoveries Net
LegalFeesRecoveriesNet
|
9000000 | usd |
| CY2024Q1 | coop |
Repurchase Reserve
RepurchaseReserve
|
76000000 | usd |
| CY2023Q4 | coop |
Repurchase Reserve
RepurchaseReserve
|
79000000 | usd |
| CY2024Q1 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
478000000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
86000000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
564000000 | usd |
| CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
317000000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Other
InterestIncomeOther
|
158000000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
170000000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3000000 | usd |
| CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-15000000 | usd |
| CY2024Q1 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
232000000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Assets
Assets
|
14775000000 | usd |
| CY2023Q1 | us-gaap |
Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
|
261000000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
69000000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
330000000 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
261000000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Other
InterestIncomeOther
|
85000000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
110000000 | usd |
| CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-34000000 | usd |
| CY2023Q1 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
35000000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9000000 | usd |
| CY2023Q1 | us-gaap |
Assets
Assets
|
12657000000 | usd |
| CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
| CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |
