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v3.19.3.a.u2

Business Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables present financial information by segment:
| Successor
| Year Ended December 31, 2019
| Servicing |  | Originations |  | Xome |  | Elimination |  | Total Operating Segments |  | Corporate/ Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 408 |  |  | $ | 80 |  |  | $ | 422 |  |  | $ | (3 | ) |  | $ | 907 |  |  | $ | 2 |  |  | $ | 909 |
Net gain on mortgage loans held for sale | 124 |  |  | 963 |  |  | — |  |  | — |  |  | 1,087 |  |  | 11 |  |  | 1,098 |
Total revenues | 532 |  |  | 1,043 |  |  | 422 |  |  | (3 | ) |  | 1,994 |  |  | 13 |  |  | 2,007 |
Total expenses | 690 |  |  | 568 |  |  | 398 |  |  | (3 | ) |  | 1,653 |  |  | 198 |  |  | 1,851 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 500 |  |  | 98 |  |  | — |  |  | — |  |  | 598 |  |  | 7 |  |  | 605 |
Interest expense | (469 | ) |  | (98 | ) |  | — |  |  | — |  |  | (567 | ) |  | (212 | ) |  | (779 | )
Other income (expenses), net | 4 |  |  | 4 |  |  | 14 |  |  | — |  |  | 22 |  |  | (7 | ) |  | 15 |
Total other income (expenses), net | 35 |  |  | 4 |  |  | 14 |  |  | — |  |  | 53 |  |  | (212 | ) |  | (159 | )
(Loss) income before income tax (benefit) expense | $ | (123 | ) |  | $ | 479 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 394 |  |  | $ | (397 | ) |  | $ | (3 | )
Depreciation and amortization for property and equipment and intangible assets | $ | 19 |  |  | $ | 18 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 51 |  |  | $ | 40 |  |  | $ | 91 |
Total assets | $ | 11,044 |  |  | $ | 9,257 |  |  | $ | 526 |  |  | $ | (4,826 | ) |  | $ | 16,001 |  |  | $ | 2,304 |  |  | $ | 18,305 |
| Successor
| Five Months Ended December 31, 2018
| Servicing |  | Originations |  | Xome |  | Elimination |  | Total Operating Segments |  | Corporate/ Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 217 |  |  | $ | 24 |  |  | $ | 177 |  |  | $ | — |  |  | $ | 418 |  |  | $ | — |  |  | $ | 418 |
Net gain on mortgage loans held for sale | 19 |  |  | 157 |  |  | — |  |  | — |  |  | 176 |  |  | — |  |  | 176 |
Total revenues | 236 |  |  | 181 |  |  | 177 |  |  | — |  |  | 594 |  |  | — |  |  | 594 |
Total expenses | 303 |  |  | 155 |  |  | 178 |  |  | — |  |  | 636 |  |  | 71 |  |  | 707 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 222 |  |  | 27 |  |  | — |  |  | — |  |  | 249 |  |  | 7 |  |  | 256 |
Interest expense | (173 | ) |  | (26 | ) |  | (1 | ) |  | — |  |  | (200 | ) |  | (93 | ) |  | (293 | )
Other income, net | 6 |  |  | 5 |  |  | 1 |  |  | — |  |  | 12 |  |  | 1 |  |  | 13 |
Total other income (expenses), net | 55 |  |  | 6 |  |  | — |  |  | — |  |  | 61 |  |  | (85 | ) |  | (24 | )
(Loss) income before income tax (benefit) expense | $ | (12 | ) |  | $ | 32 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | 19 |  |  | $ | (156 | ) |  | $ | (137 | )
Depreciation and amortization for property and equipment and intangible assets | $ | 9 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 19 |  |  | $ | 20 |  |  | $ | 39 |
Total assets | $ | 13,485 |  |  | $ | 4,866 |  |  | $ | 493 |  |  | $ | (3,772 | ) |  | $ | 15,072 |  |  | $ | 1,901 |  |  | $ | 16,973 |
| Predecessor
| Seven Months Ended July 31, 2018
| Servicing |  | Originations |  | Xome |  | Elimination/ Reclassification(1) |  | Total Operating Segments |  | Corporate/ Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 740 |  |  | $ | 36 |  |  | $ | 149 |  |  | $ | (25 | ) |  | $ | 900 |  |  | $ | 1 |  |  | $ | 901 |
Net gain on mortgage loans held for sale | — |  |  | 270 |  |  | — |  |  | 25 |  |  | 295 |  |  | — |  |  | 295 |
Total revenues | 740 |  |  | 306 |  |  | 149 |  |  | — |  |  | 1,195 |  |  | 1 |  |  | 1,196 |
Total expenses | 474 |  |  | 245 |  |  | 123 |  |  | — |  |  | 842 |  |  | 103 |  |  | 945 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 288 |  |  | 38 |  |  | — |  |  | — |  |  | 326 |  |  | 7 |  |  | 333 |
Interest expense | (268 | ) |  | (37 | ) |  | — |  |  | — |  |  | (305 | ) |  | (83 | ) |  | (388 | )
Other (expenses) income, net | (1 | ) |  | — |  |  | 9 |  |  | — |  |  | 8 |  |  | (2 | ) |  | 6 |
Total other income (expenses), net | 19 |  |  | 1 |  |  | 9 |  |  | — |  |  | 29 |  |  | (78 | ) |  | (49 | )
Income (loss) before income tax expense (benefit) | $ | 285 |  |  | $ | 62 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 382 |  |  | $ | (180 | ) |  | $ | 202 |
Depreciation and amortization for property and equipment and intangible assets | $ | 15 |  |  | $ | 7 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 4 |  |  | $ | 33 |
Total assets | $ | 14,578 |  |  | $ | 4,701 |  |  | $ | 425 |  |  | $ | (3,591 | ) |  | $ | 16,113 |  |  | $ | 913 |  |  | $ | 17,026 |
| Predecessor
| Year Ended December 31, 2017
| Servicing(1) |  | Originations |  | Xome |  | Elimination/ Reclassification(1) |  | Total Operating Segments |  | Corporate/ Other |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | 766 |  |  | $ | 63 |  |  | $ | 291 |  |  | $ | (79 | ) |  | $ | 1,041 |  |  | $ | 2 |  |  | $ | 1,043 |
Net gain on mortgage loans held for sale | — |  |  | 528 |  |  | — |  |  | 79 |  |  | 607 |  |  | — |  |  | 607 |
Total revenues | 766 |  |  | 591 |  |  | 291 |  |  | — |  |  | 1,648 |  |  | 2 |  |  | 1,650 |
Total expenses | 691 |  |  | 439 |  |  | 247 |  |  | — |  |  | 1,377 |  |  | 98 |  |  | 1,475 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | 527 |  |  | 55 |  |  | — |  |  | — |  |  | 582 |  |  | 15 |  |  | 597 |
Interest expense | (523 | ) |  | (54 | ) |  | — |  |  | — |  |  | (577 | ) |  | (154 | ) |  | (731 | )
Other (expenses) income, net | (3 | ) |  | — |  |  | 9 |  |  | — |  |  | 6 |  |  | (3 | ) |  | 3 |
Total other income (expenses), net | 1 |  |  | 1 |  |  | 9 |  |  | — |  |  | 11 |  |  | (142 | ) |  | (131 | )
Income (loss) before income tax expense (benefit) | $ | 76 |  |  | $ | 153 |  |  | $ | 53 |  |  | $ | — |  |  | $ | 282 |  |  | $ | (238 | ) |  | $ | 44 |
Depreciation and amortization for property and equipment and intangible assets | $ | 23 |  |  | $ | 10 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 47 |  |  | $ | 12 |  |  | $ | 59 |
Total assets | $ | 15,006 |  |  | $ | 4,935 |  |  | $ | 393 |  |  | $ | (3,117 | ) |  | $ | 17,217 |  |  | $ | 819 |  |  | $ | 18,036 |
(1) | For the Predecessor’s Servicing segment results purposes, all revenue is attributable to servicing the portfolio. Therefore, $25 and $79 of net gain on mortgage loans was moved to revenues - service related, net during the seven months ended July 31, 2018 and the year ended December 31, 2017, respectively. For consolidated results purposes, these amounts were reclassed to net gain on mortgage loans held for sale.

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- 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
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