v3.26.1
Fair Value Measurements - Schedule of Financial Statement Items Measured at Estimated Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets:            
Mortgage loans held for sale $ 15,548   $ 15,471      
Derivative assets:            
MSRs 18,905 $ 19,377 19,442 $ 7,567 $ 7,350 $ 7,633
Other assets:            
Total assets 35,674   35,932      
Other liabilities:            
Total liabilities 493   613      
IRLCs            
Derivative assets:            
Derivative assets 345   294      
LPCs            
Derivative assets:            
Derivative assets 5   4      
Derivative liabilities:            
Forward commitments 3   1      
Forward commitments            
Derivative assets:            
Derivative assets 100   62      
Derivative liabilities:            
Forward commitments 81   98      
Treasury futures            
Derivative assets:            
Derivative assets 40          
Derivative liabilities:            
Forward commitments 1   46      
Investment securities            
Other assets:            
Other assets 119   43      
Equity investments            
Other assets:            
Other assets 6   6      
Non-mortgage loans held for sale            
Other assets:            
Other assets 485   411      
Consolidated CFE            
Other assets:            
Other assets 103   152      
Other liabilities:            
Liabilities of the consolidated CFE 70   120      
Non-mortgage loans servicing rights            
Other assets:            
Other assets 18          
Excess spread financing            
Other liabilities:            
Liabilities of the consolidated CFE 322   337      
MSRs financing liability            
Other liabilities:            
Liabilities of the consolidated CFE 16   11      
Level 1            
Assets:            
Mortgage loans held for sale 0   0      
Derivative assets:            
MSRs 0   0      
Other assets:            
Total assets 0   47      
Other liabilities:            
Total liabilities 0   0      
Level 1 | IRLCs            
Derivative assets:            
Derivative assets 0   0      
Level 1 | LPCs            
Derivative assets:            
Derivative assets 0   0      
Derivative liabilities:            
Forward commitments 0   0      
Level 1 | Forward commitments            
Derivative assets:            
Derivative assets 0   0      
Derivative liabilities:            
Forward commitments 0   0      
Level 1 | Treasury futures            
Derivative assets:            
Derivative assets 0          
Derivative liabilities:            
Forward commitments 0   0      
Level 1 | Investment securities            
Other assets:            
Other assets 0   0      
Level 1 | Equity investments            
Other assets:            
Other assets 0   0      
Level 1 | Non-mortgage loans held for sale            
Other assets:            
Other assets 0   0      
Level 1 | Consolidated CFE            
Other assets:            
Other assets 0   0      
Other liabilities:            
Liabilities of the consolidated CFE 0   0      
Level 1 | Non-mortgage loans servicing rights            
Other assets:            
Other assets 0          
Level 1 | Excess spread financing            
Other liabilities:            
Liabilities of the consolidated CFE 0   0      
Level 1 | MSRs financing liability            
Other liabilities:            
Liabilities of the consolidated CFE 0   0      
Level 2            
Assets:            
Mortgage loans held for sale 15,250   15,221      
Derivative assets:            
MSRs 0   0      
Other assets:            
Total assets 15,443   15,326      
Other liabilities:            
Total liabilities 82   144      
Level 2 | IRLCs            
Derivative assets:            
Derivative assets 0   0      
Level 2 | LPCs            
Derivative assets:            
Derivative assets 0   0      
Derivative liabilities:            
Forward commitments 0   0      
Level 2 | Forward commitments            
Derivative assets:            
Derivative assets 100   62      
Derivative liabilities:            
Forward commitments 81   98      
Level 2 | Treasury futures            
Derivative assets:            
Derivative assets 40          
Derivative liabilities:            
Forward commitments 1   46      
Level 2 | Investment securities            
Other assets:            
Other assets 53   43      
Level 2 | Equity investments            
Other assets:            
Other assets 0   0      
Level 2 | Non-mortgage loans held for sale            
Other assets:            
Other assets 0   0      
Level 2 | Consolidated CFE            
Other assets:            
Other assets 0   0      
Other liabilities:            
Liabilities of the consolidated CFE 0   0      
Level 2 | Non-mortgage loans servicing rights            
Other assets:            
Other assets 0          
Level 2 | Excess spread financing            
Other liabilities:            
Liabilities of the consolidated CFE 0   0      
Level 2 | MSRs financing liability            
Other liabilities:            
Liabilities of the consolidated CFE 0   0      
Level 3            
Assets:            
Mortgage loans held for sale 298   250      
Derivative assets:            
MSRs 18,905   19,442      
Other assets:            
Total assets 20,231   20,559      
Other liabilities:            
Total liabilities 411   469      
Level 3 | IRLCs            
Derivative assets:            
Derivative assets 345   294      
Level 3 | LPCs            
Derivative assets:            
Derivative assets 5   4      
Derivative liabilities:            
Forward commitments 3   1      
Level 3 | Forward commitments            
Derivative assets:            
Derivative assets 0   0      
Derivative liabilities:            
Forward commitments 0   0      
Level 3 | Treasury futures            
Derivative assets:            
Derivative assets 0          
Derivative liabilities:            
Forward commitments 0   0      
Level 3 | Financial Asset, Equal to or Greater than 90 Days Past Due            
Assets:            
Mortgage loans held for sale 158   137      
Other liabilities:            
Unpaid principal balance 198   167      
Level 3 | Investment securities            
Other assets:            
Other assets 66   0      
Level 3 | Equity investments            
Other assets:            
Other assets 6   6      
Level 3 | Non-mortgage loans held for sale            
Other assets:            
Other assets 485   411      
Level 3 | Consolidated CFE            
Other assets:            
Other assets 103   152      
Other liabilities:            
Liabilities of the consolidated CFE 70   120      
Level 3 | Non-mortgage loans servicing rights            
Other assets:            
Other assets 18          
Level 3 | Excess spread financing            
Other liabilities:            
Liabilities of the consolidated CFE 322   337      
Level 3 | MSRs financing liability            
Other liabilities:            
Liabilities of the consolidated CFE $ 16   11      
Money market funds            
Assets:            
Money market funds     47      
Money market funds | Level 1            
Assets:            
Money market funds     47      
Money market funds | Level 2            
Assets:            
Money market funds     0      
Money market funds | Level 3            
Assets:            
Money market funds     $ 0