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Derivative Financial Instruments | 12 Months Ended
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Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | 10. Derivative Financial Instruments 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 $12 and $1 in collateral deposits on derivative instruments recorded in other assets on the Company and Predecessor’s consolidated balance sheets as of December 31, 2018 and 2017, respectively. The Company and Predecessor do not offset fair value amounts recognized for derivative instruments with amounts collected or deposited on derivative instruments in the consolidated balance sheets. The following table provides the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses).
|  |  | Successor |  |  | Predecessor
|  |  | December 31, 2018 |  | For the Period August 1 - December 31, 2018 |  |  | For the Period January 1 - July 31, 2018
| Expiration Dates |  | Outstanding Notional |  | Fair Value |  | Recorded Gains/(Losses) |  |  | Recorded Gains/(Losses)
Assets |  |  |  |  |  |  |  |  |  |
Mortgage loans held for sale |  |  |  |  |  |  |  |  |  |
Loan sale commitments | 2019 |  | $ | 319 |  |  | $ | 13.5 |  |  | $ | 2.8 |  |  |  | $ | 10.5 |
Derivative financial instruments |  |  |  |  |  |  |  |  |  |
IRLCs | 2019 |  | 1,301 |  |  | 47.6 |  |  | (12.1 | ) |  |  | 0.4 |
Forward sales of MBS | 2019 |  | 485 |  |  | 0.1 |  |  | (3.1 | ) |  |  | 0.9 |
LPCs | 2019 |  | 215 |  |  | 1.7 |  |  | 0.4 |  |  |  | 0.3 |
Treasury futures(1) | 2018 |  | — |  |  | — |  |  | (0.1 | ) |  |  | (1.8 | )
Eurodollar futures(1) | 2019-2021 |  | 19 |  |  | — |  |  | — |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |  |  |  |
IRLCs(1) | 2019 |  | — |  |  | — |  |  | — |  |  |  | — |
Forward sales of MBS | 2019 |  | 2,639 |  |  | 19.3 |  |  | 17.4 |  |  |  | (1.0 | )
LPCs | 2019 |  | 90 |  |  | 0.4 |  |  | (0.2 | ) |  |  | 0.1 |
Treasury futures(1) | 2018 |  | — |  |  | — |  |  | (0.1 | ) |  |  | (1.3 | )
Eurodollar futures(1) | 2019-2021 |  | 6 |  |  | — |  |  | — |  |  |  | — |
|  |  | Predecessor
|  |  | December 31, 2017 |  | Year ended December 31, 2017
| Expiration Dates |  | Outstanding Notional |  | Fair Value |  | Recorded Gains/(Losses)
Assets |  |  |  |  |  |  |
Mortgage loans held for sale |  |  |  |  |  |  |
Loan sale commitments(1) | 2018 |  | $ | 13 |  |  | $ | 0.1 |  |  | $ | — |
Derivative financial instruments |  |  |  |  |  |  |
IRLCs | 2018 |  | 2,065 |  |  | 59.3 |  |  | (32.9 | )
Forward sales of MBS | 2018 |  | 1,802 |  |  | 2.4 |  |  | (36.9 | )
LPCs | 2018 |  | 171 |  |  | 0.9 |  |  | (1.0 | )
Treasury futures | 2018 |  | 81 |  |  | 1.9 |  |  | 1.9 |
Eurodollar futures(1) | 2018-2021 |  | 26 |  |  | — |  |  | — |
Interest rate swaps(1) | 2018 |  | — |  |  | — |  |  | (0.1 | )
Liabilities |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |
IRLCs(1) | 2018 |  | 7 |  |  | — |  |  | 1.1 |
Forward sales of MBS | 2018 |  | 1,579 |  |  | 2.8 |  |  | 7.2 |
LPCs | 2018 |  | 213 |  |  | 0.6 |  |  | 0.9 |
Treasury futures | 2018 |  | 128 |  |  | 1.4 |  |  | (1.4 | )
Eurodollar futures(1) | 2018-2021 |  | 17 |  |  | — |  |  | — |
Interest rate swaps(1) | 2018 |  | — |  |  | — |  |  | 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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- 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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