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Reverse Mortgage Interests, Net (Tables) | 9 Months Ended
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Sep. 30, 2018
Reverse Mortgage Interests [Abstract] |
Reverse Mortgage Interest | Unsecuritized interests in reverse mortgages consists of the following.
| Successor |  | Predecessor
Unsecuritized Interests | September 30, 2018 |  | December 31, 2017
Repurchased HECM loans | $ | 1,512 |  |  | $ | 1,751 |
HECM related receivables | 353 |  |  | 311 |
Funded borrower draws not yet securitized | 68 |  |  | 82 |
REO related receivables | 28 |  |  | 25 |
Purchase discount | (151 | ) |  | (89 | )
Total unsecuritized interests | $ | 1,810 |  |  | $ | 2,080 |
Reverse mortgage interests, net consists of the following.
| Successor |  | Predecessor
Reverse Mortgage Interests, Net | September 30, 2018 |  | December 31, 2017
Participating interests in HECM mortgage-backed securities, net of $55 and $0 premium, respectively | $ | 6,074 |  |  | $ | 7,107 |
Other interests securitized, net of $117 and $0 discount, respectively | 1,003 |  |  | 912 |
Unsecuritized interests, net of $151 and $89 discount, respectively | 1,810 |  |  | 2,080 |
Reserves | (1 | ) |  | (115 | )
Total reverse mortgage interests, net | $ | 8,886 |  |  | $ | 9,984 |
The activity of the reserves for reverse mortgage interests is set forth below.
| Successor |  |  | Predecessor
| For the Period August 1 - September 30, 2018 |  |  | For the Period July 1 - July 31, 2018 |  | Three Months Ended September 30, 2017 |  | For the Period January 1 - July 31, 2018 |  | Nine Months Ended September 30, 2017
Reserves for reverse mortgage interests |  |  |  |  |
Balance - beginning of period | $ | — |  |  |  | $ | 117 |  |  | $ | 149 |  |  | $ | 115 |  |  | $ | 131 |
Provision, net | 1 |  |  |  | 12 |  |  | 22 |  |  | 32 |  |  | 44 |
Write-offs | — |  |  |  | — |  |  | (83 | ) |  | (18 | ) |  | (87 | )
Balance - end of period | $ | 1 |  |  |  | $ | 129 |  |  | $ | 88 |  |  | $ | 129 |  |  | $ | 88 |
The following table sets forth the activities of the purchase premiums and discounts for reverse mortgage interests.
| Successor
| For the Period August 1 - September 30, 2018
Purchase premiums and discounts for reverse mortgage interests | Premium for Participating Interests in HMBS |  | Discount for Other Interest Securitized |  | Discount for Unsecuritized Interests
Balance - beginning of period | $ | 58 |  |  | $ | (117 | ) |  | $ | (161 | )
Additions | — |  |  | — |  |  | — |
Accretion/(Amortization) | (3 | ) |  | — |  |  | 10 |
Balance - end of period | $ | 55 |  |  | $ | (117 | ) |  | $ | (151 | )
In connection with previous reverse mortgage portfolio acquisitions, the Predecessor recorded a purchase discount within unsecuritized interests. The following table sets forth the activities of the purchase discounts for reverse mortgage interests.
| Predecessor
Purchase discounts for reverse mortgage interests | For the Period July 1 - July 31, 2018 |  | Three Months Ended September 30, 2017 |  | For the Period January 1 - July 31, 2018 |  | Nine Months Ended September 30, 2017
Balance - beginning of period | $ | (84 | ) |  | $ | (43 | ) |  | $ | (89 | ) |  | $ | (43 | )
Additions | — |  |  | (75 | ) |  | (7 | ) |  | (75 | )
Accretion | 2 |  |  | 22 |  |  | 14 |  |  | 22 |
Balance - end of period | $ | (82 | ) |  | $ | (96 | ) |  | $ | (82 | ) |  | $ | (96 | )

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- Definition Reverse Mortgage Interest [Table Text Block] + References No definition available. + Details
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- Definition Reverse Mortgage Interests [Abstract] + References No definition available. + Details
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