Financial Performance - Full-year 2024 net income attributable to common stockholders reached 33million,thehighestsince2013,withdilutedEPSof4.13 and ROE of 8%[5] - Reported net income for FY'24 was 34million,asignificantimprovementfromanetlossof64 million in FY'23[19] - Adjusted pre-tax income for FY'24 increased to 90million,comparedto49 million in FY'23[21] - Total revenue for FY'24 was 976million,downfrom1,066.7 million in FY'23, primarily due to a decrease in servicing and subservicing fees[23] - Adjusted return on equity (ROE) for FY'24 was 20%, compared to 10% in FY'23[21] Servicing and Originations - Total servicing additions for 2024 amounted to 86billion,including47 billion in subservicing additions[5] - Funded recapture volume for full-year 2024 increased 2.5 times compared to 2023, with fourth quarter 2024 up 4.2 times over fourth quarter 2023[9] - Originations volume for 2024 was 30billion,a3310 billion, up 72% year-over-year[9] - Total servicing UPB reached 302billionatDecember31,2024,anincreaseof13 billion from the previous year[9] Balance Sheet and Assets - Book value per share improved by 4year−over−yearto56 as of December 31, 2024[5] - Corporate debt was reduced by 145million,resultinginadebt−to−equityratioof2.96to1[5]−Totalassetsincreasedto16,435.4 million in FY'24, up from 12,513.7millioninFY′23[22]−Mortgageservicingrights(MSRs)atfairvalueroseto2,466.3 million in FY'24 from 2,272.2millioninFY′23[22]OperatingExpensesandCashFlow−OperatingexpensesforFY′24totaled436.5 million, an increase from 412.1millioninFY′23[23]−Cashandcashequivalentsdecreasedto184.8 million in FY'24 from 201.6millioninFY′23[22]−Thecompanyrecognizedsignificantlegalandregulatorysettlementexpensesof8 million in FY'24, compared to 21millioninFY′23[19]FutureGuidanceandRecognition−TheadjustedROEguidancefor2025hasbeenincreasedto1614 million in FY'24[19]
