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Derivative Financial Instruments | 9 Months Ended
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Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | 9. Derivative Financial Instrument Derivative instruments utilized by the Company primarily include IRLCs, LPCs, forward MBS trades, Eurodollar and Treasury futures and interest rate swap agreements. Associated with the Company and Predecessor's derivatives are $3 and $1 in collateral deposits on derivative instruments recorded in other assets on the Company and Predecessor's consolidated balance sheets as of September 30, 2018 and December 31, 2017, respectively. The Company and the Predecessor do not offset fair value amounts recognized for derivative instruments with amounts collected and/or deposited on derivative instruments in its consolidated balance sheets. The following table provides the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses).
|  |  | Successor |  | Predecessor
|  |  | September 30, 2018 |  | For the Period August 1 - September 30, 2018 |  | For the Period January 1 - July 31, 2018
| Expiration Dates |  | Outstanding Notional |  | Fair Value |  | Recorded (Losses)/Gains
Assets |  |  |  |  |  |  |  |  |
Mortgage loans held for sale |  |  |  |  |  |  |  |  |
Loan sale commitments | 2018 |  | $ | 428 |  |  | $ | 6.9 |  |  | (3.7 | ) |  | 10.5 |
Derivative financial instruments |  |  |  |  |  |  |  |  |
IRLCs | 2018 |  | 1,765 |  |  | 57.8 |  |  | (1.8 | ) |  | 0.4 |
Forward sales of MBS | 2018 |  | 3,040 |  |  | 12.2 |  |  | 9.0 |  |  | 0.9 |
LPCs | 2018 |  | 228 |  |  | 1.7 |  |  | 0.5 |  |  | 0.3 |
Treasury futures(1) | 2018 |  | 65 |  |  | — |  |  | — |  |  | (1.8 | )
Eurodollar futures(1) | 2018-2021 |  | 20 |  |  | — |  |  | — |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |  |  |
IRLCs(1) | 2018 |  | 3 |  |  | — |  |  | — |  |  | — |
Forward sales of MBS | 2018 |  | 413 |  |  | 0.5 |  |  | (1.4 | ) |  | (1.0 | )
LPCs | 2018 |  | 320 |  |  | 1.5 |  |  | 0.9 |  |  | 0.1 |
Treasury futures | 2018 |  | 53 |  |  | 0.1 |  |  | 0.1 |  |  | (1.3 | )
Eurodollar futures(1) | 2020-2021 |  | 6 |  |  | — |  |  | — |  |  | — |
|  |  | Predecessor
|  |  | September 30, 2017 |  | Nine Months Ended September 30, 2017
| Expiration Dates |  | Outstanding Notional |  | Fair Value |  | Recorded Gains/(Losses)
Assets |  |  |  |  |  |  |
Mortgage loans held for sale |  |  |  |  |  |  |
Loan sale commitments(1) | 2017 |  | $ | 1 |  |  | $ | 0.1 |  |  | $ | — |
Derivative financial instruments |  |  |  |  |  |  |
IRLCs | 2017 |  | 2,531 |  |  | 68.7 |  |  | (23.5 | )
Forward sales of MBS | 2017 |  | 2,524 |  |  | 4.7 |  |  | (34.5 | )
LPCs | 2017 |  | 132 |  |  | 1.0 |  |  | (0.9 | )
Treasury futures | 2017 |  | 255 |  |  | 2.0 |  |  | 2.0 |
Eurodollar futures(1) | 2017-2021 |  | 11 |  |  | — |  |  | — |
Interest rate swaps(1) | 2017 |  | — |  |  | — |  |  | (0.1 | )
Liabilities |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |
IRLCs(1) | 2017 |  | 7 |  |  | — |  |  | 1.1 |
Forward sales of MBS | 2017 |  | 1,137 |  |  | 3.2 |  |  | 6.8 |
LPCs | 2017 |  | 335 |  |  | 1.2 |  |  | 0.3 |
Treasury futures | 2017 |  | 479 |  |  | 2.0 |  |  | (2.0 | )
Eurodollar futures(1) | 2017-2021 |  | 45 |  |  | — |  |  | — |
Interest rate swaps(1) | 2017 |  | — |  |  | — |  |  | 0.1 |
(1) Fair values or recorded gains/(losses) of derivative instruments are less than $0.1 for the specified dates.

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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