v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 3,103 $ 2,696
Mortgage loans held for sale, at fair value 15,548 15,471
Derivative assets, at fair value 490 360
Mortgage servicing rights, at fair value 18,905 19,442
Advance receivables, net of reserves and discount of $135 and $120, respectively 1,542 2,040
Property and equipment, net of accumulated depreciation of $757 and $695, respectively 277 260
Loans subject to repurchase right from Ginnie Mae 5,768 5,125
Intangible assets, net of accumulated amortization 1,995 2,224
Goodwill 10,611 10,611
Other assets 2,738 2,456
Total assets 60,977 60,685
Liabilities    
Secured financing 16,639 17,936
Unsecured financing, net 10,772 10,423
Derivative liabilities, at fair value 85 145
Loans subject to repurchase right from Ginnie Mae 5,768 5,125
Accounts payable and other liabilities 4,167 4,158
Total liabilities 37,431 37,787
Equity    
Preferred stock, $0.00001 par value - 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025, none issued and outstanding as of June 30, 2026 and December 31, 2025. 0 0
Additional paid-in capital 22,894 22,774
Retained earnings 651 124
Non-controlling interest 1 0
Total equity 23,546 22,898
Total liabilities and equity 60,977 60,685
Class A common shares    
Equity    
Common stock 0 0
Class L common shares    
Equity    
Common stock $ 0 $ 0