XML 61 R44.htm IDEA: XBRL DOCUMENT
v3.19.2

Business Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables present financial information by segment.
| Successor
| Three Months Ended June 30, 2019
| Servicing |  | Originations |  | Xome |  | Elimination/ Reclassification(1) |  | Total Operating Segments |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 27 |  |  | $ | 20 |  |  | $ | 108 |  |  | $ | (18 | ) |  | $ | 137 |  |  | $ | — |  |  | $ | 137 |
Net gain on mortgage loans held for sale | — |  |  | 244 |  |  | — |  |  | 18 |  |  | 262 |  |  | — |  |  | 262 |
Total revenues | 27 |  |  | 264 |  |  | 108 |  |  | — |  |  | 399 |  |  | — |  |  | 399 |
Total Expenses | 189 |  |  | 145 |  |  | 101 |  |  | — |  |  | 435 |  |  | 57 |  |  | 492 |
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 136 |  |  | 23 |  |  | — |  |  | — |  |  | 159 |  |  | 3 |  |  | 162 |
Interest expense | (109 | ) |  | (25 | ) |  | — |  |  | — |  |  | (134 | ) |  | (53 | ) |  | (187 | )
Other | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Total Other Income (Expenses), Net | 27 |  |  | (1 | ) |  | — |  |  | — |  |  | 26 |  |  | (50 | ) |  | (24 | )
(Loss) income before income tax (benefit) expense | $ | (135 | ) |  | $ | 118 |  |  | $ | 7 |  |  | $ | — |  |  | $ | (10 | ) |  | $ | (107 | ) |  | $ | (117 | )
Depreciation and amortization for property and equipment and intangible assets | $ | 4 |  |  | $ | 6 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 24 |
Total assets | $ | 12,806 |  |  | $ | 7,478 |  |  | $ | 493 |  |  | $ | (4,687 | ) |  | $ | 16,090 |  |  | $ | 2,315 |  |  | $ | 18,405 |
| Predecessor
| Three Months Ended June 30, 2018
| Servicing |  | Originations |  | Xome |  | Elimination/ Reclassification(1) |  | Total Operating Segments |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 248 |  |  | $ | 17 |  |  | $ | 62 |  |  | $ | (11 | ) |  | $ | 316 |  |  | $ | 1 |  |  | $ | 317 |
Net gain on mortgage loans held for sale | — |  |  | 116 |  |  | — |  |  | 11 |  |  | 127 |  |  | — |  |  | 127 |
Total revenues | 248 |  |  | 133 |  |  | 62 |  |  | — |  |  | 443 |  |  | 1 |  |  | 444 |
Total Expenses | 166 |  |  | 102 |  |  | 52 |  |  | — |  |  | 320 |  |  | 19 |  |  | 339 |
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 121 |  |  | 17 |  |  | — |  |  | — |  |  | 138 |  |  | 2 |  |  | 140 |
Interest expense | (115 | ) |  | (16 | ) |  | — |  |  | — |  |  | (131 | ) |  | (33 | ) |  | (164 | )
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2 | ) |  | (2 | )
Total Other Income (Expenses), Net | 6 |  |  | 1 |  |  | — |  |  | — |  |  | 7 |  |  | (33 | ) |  | (26 | )
Income (loss) before income tax expense (benefit) | $ | 88 |  |  | $ | 32 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 130 |  |  | $ | (51 | ) |  | $ | 79 |
Depreciation and amortization for property and equipment and intangible assets | $ | 6 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 2 |  |  | $ | 14 |
Total assets | $ | 14,640 |  |  | $ | 4,794 |  |  | $ | 423 |  |  | $ | (3,538 | ) |  | $ | 16,319 |  |  | $ | 871 |  |  | $ | 17,190 |
(1) | For Servicing segment results purposes, all revenue is attributable to servicing portfolio. Therefore, $18 and $11 of net gain on mortgage loans is moved to service related, net during the three months ended June 30, 2019 and 2018, respectively. For consolidated results purposes, these amounts were reclassed back to net gain on mortgage loans held for sale.
| Successor
| Six Months Ended June 30, 2019
| Servicing |  | Originations |  | Xome |  | Elimination/ Reclassification(1) |  | Total Operating Segments |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 35 |  |  | $ | 35 |  |  | $ | 204 |  |  | $ | (53 | ) |  | $ | 221 |  |  | $ | — |  |  | $ | 221 |
Net gain on mortgage loans held for sale | — |  |  | 375 |  |  | — |  |  | 53 |  |  | 428 |  |  | — |  |  | 428 |
Total revenues | 35 |  |  | 410 |  |  | 204 |  |  | — |  |  | 649 |  |  | — |  |  | 649 |
Total Expenses | 384 |  |  | 249 |  |  | 200 |  |  | — |  |  | 833 |  |  | 102 |  |  | 935 |
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 251 |  |  | 40 |  |  | — |  |  | — |  |  | 291 |  |  | 5 |  |  | 296 |
Interest expense | (223 | ) |  | (43 | ) |  | — |  |  | — |  |  | (266 | ) |  | (110 | ) |  | (376 | )
Other | — |  |  | 5 |  |  | 11 |  |  | — |  |  | 16 |  |  | — |  |  | 16 |
Total Other Income (Expenses), Net | 28 |  |  | 2 |  |  | 11 |  |  | — |  |  | 41 |  |  | (105 | ) |  | (64 | )
(Loss) income before income tax (benefit) expense | $ | (321 | ) |  | $ | 163 |  |  | $ | 15 |  |  | $ | — |  |  | $ | (143 | ) |  | $ | (207 | ) |  | $ | (350 | )
Depreciation and amortization for property and equipment and intangible assets | $ | 8 |  |  | $ | 9 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 24 |  |  | $ | 21 |  |  | $ | 45 |
Total assets | $ | 12,806 |  |  | $ | 7,478 |  |  | $ | 493 |  |  | $ | (4,687 | ) |  | $ | 16,090 |  |  | $ | 2,315 |  |  | $ | 18,405 |
| Predecessor
| Six Months Ended June 30, 2018
| Servicing |  | Originations |  | Xome |  | Elimination/ Reclassification(1) |  | Total Operating Segments |  | Corporate/Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 643 |  |  | $ | 32 |  |  | $ | 127 |  |  | $ | (22 | ) |  | $ | 780 |  |  | $ | 1 |  |  | $ | 781 |
Net gain on mortgage loans held for sale | — |  |  | 229 |  |  | — |  |  | 22 |  |  | 251 |  |  | — |  |  | 251 |
Total revenues | 643 |  |  | 261 |  |  | 127 |  |  | — |  |  | 1,031 |  |  | 1 |  |  | 1,032 |
Total Expenses | 348 |  |  | 211 |  |  | 104 |  |  | — |  |  | 663 |  |  | 40 |  |  | 703 |
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 247 |  |  | 32 |  |  | — |  |  | — |  |  | 279 |  |  | 6 |  |  | 285 |
Interest expense | (233 | ) |  | (31 | ) |  | — |  |  | — |  |  | (264 | ) |  | (71 | ) |  | (335 | )
Other | (1 | ) |  | — |  |  | 9 |  |  | — |  |  | 8 |  |  | (2 | ) |  | 6 |
Total Other Income (Expenses), Net | 13 |  |  | 1 |  |  | 9 |  |  | — |  |  | 23 |  |  | (67 | ) |  | (44 | )
Income (loss) before income tax expense (benefit) | $ | 308 |  |  | $ | 51 |  |  | $ | 32 |  |  | $ | — |  |  | $ | 391 |  |  | $ | (106 | ) |  | $ | 285 |
Depreciation and amortization for property and equipment and intangible assets | $ | 13 |  |  | $ | 6 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 25 |  |  | $ | 4 |  |  | $ | 29 |
Total assets | $ | 14,640 |  |  | $ | 4,794 |  |  | $ | 423 |  |  | $ | (3,538 | ) |  | $ | 16,319 |  |  | $ | 871 |  |  | $ | 17,190 |
(1) | For Servicing segment results purposes, all revenue is attributable to servicing portfolio. Therefore, $53 and $22 of net gain on mortgage loans is moved to service related, net during the six months ended June 30, 2019 and 2018, respectively. For consolidated results purposes, these amounts were reclassed back to net gain on mortgage loans held for sale.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration