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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax (benefit) expense were as follows:
| Successor |  |  | Predecessor
Year Ended December 31, 2019 |  | Five Months Ended December 31, 2018 |  |  | Seven Months Ended July 31, 2018 |  | Year Ended December 31, 2017
Current Income Taxes |  |  |  |  |  |  |  |
Federal | $ | 19 |  |  | $ | — |  |  |  | $ | (14 | ) |  | $ | 52 |
State | 74 |  |  | — |  |  |  | (1 | ) |  | 7 |
Total current income taxes | 93 |  |  | — |  |  |  | (15 | ) |  | 59 |
Deferred Income Taxes |  |  |  |  |  |  |  |
Federal | (298 | ) |  | (1,015 | ) |  |  | 54 |  |  | (43 | )
State | (68 | ) |  | (6 | ) |  |  | 9 |  |  | (3 | )
Total deferred income taxes | (366 | ) |  | (1,021 | ) |  |  | 63 |  |  | (46 | )
Total provision for income taxes | $ | (273 | ) |  | $ | (1,021 | ) |  |  | $ | 48 |  |  | $ | 13 |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents a reconciliation of the income tax provision computed at the U.S. federal statutory tax rate to the actual effective tax rate:
| Successor |  |  | Predecessor
| Year Ended December 31, 2019 |  | Five Months Ended December 31, 2018 |  |  | Seven Months Ended July 31, 2018 |  | Year Ended December 31, 2017
Tax (Benefit) Expense at Federal Statutory Rate | $ | (1 | ) |  | 21.0 | % |  | $ | (29 | ) |  | 21.0 | % |  |  | $ | 42 |  |  | 21.0 | % |  | $ | 15 |  |  | 35.0 | %
Effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State taxes, net of federal benefit | 5 |  |  | (141.2 | )% |  | (6 | ) |  | 4.2 | % |  |  | 8 |  |  | 3.8 | % |  | 1 |  |  | 1.9 | %
Non-controlling interests | 1 |  |  | (21.1 | )% |  | — |  |  | — | % |  |  | — |  |  | — | % |  | — |  |  | (0.3 | )%
Change in valuation allowance | (285 | ) |  | 8066.4 | % |  | (990 | ) |  | 720.0 | % |  |  | — |  |  | — | % |  | (1 | ) |  | (1.2 | )%
Deferred adjustments | 2 |  |  | (64.1 | )% |  | 3 |  |  | (1.8 | )% |  |  | (1 | ) |  | (0.5 | )% |  | — |  |  | — | %
Nondeductible items | 4 |  |  | (136.5 | )% |  | 1 |  |  | (1.0 | )% |  |  | 7 |  |  | 3.3 | % |  | 1 |  |  | 3.2 | %
Federal tax reform impact | — |  |  | — | % |  | — |  |  | — | % |  |  | — |  |  | — | % |  | (5 | ) |  | (12.6 | )%
Current payable adjustments | — |  |  | — | % |  | — |  |  | — | % |  |  | (1 | ) |  | (0.5 | )% |  | — |  |  | — | %
Adjustments related to uncertain tax positions | — |  |  | — | % |  | — |  |  | — | % |  |  | — |  |  | — | % |  | 1 |  |  | 2.4 | %
Other, net | 1 |  |  | (5.7 | )% |  | — |  |  | — | % |  |  | (7 | ) |  | (3.3 | )% |  | 1 |  |  | 0.5 | %
Total income tax (benefit) expense | $ | (273 | ) |  | 7718.8 | % |  | $ | (1,021 | ) |  | 742.4 | % |  |  | $ | 48 |  |  | 23.8 | % |  | $ | 13 |  |  | 28.9 | %
Schedule of Deferred Tax Assets and Liabilities | Temporary differences and carryforwards that give rise to deferred tax assets and liabilities are comprised of the following:
| Successor
| December 31, 2019 |  | December 31, 2018
Deferred Tax Assets |  |  |
Effect of: |  |  |
Loss carryforwards (federal, state & capital) | $ | 998 |  |  | $ | 1,334 |
Goodwill and intangible assets | 364 |  |  | 4 |
Loss reserves | 108 |  |  | 69 |
Reverse mortgage interests | 44 |  |  | 70 |
Lease liability | 32 |  |  | 1 |
Accruals | 16 |  |  | 14 |
Restricted share-based compensation | 3 |  |  | 1 |
Partnership interests | 1 |  |  | 7 |
Excess interest expense | — |  |  | 10 |
Other, net | 12 |  |  | 5 |
Total deferred tax assets | 1,578 |  |  | 1,515 |
Deferred Tax Liabilities |  |  |
MSR amortization and mark-to-market, net | (181 | ) |  | (243 | )
Right-of-use assets | (29 | ) |  | — |
Depreciation and amortization, net | (12 | ) |  | (12 | )
Prepaid assets | (2 | ) |  | (1 | )
Total deferred tax liabilities | (224 | ) |  | (256 | )
Valuation allowance | (9 | ) |  | (295 | )
Net deferred tax assets | $ | 1,345 |  |  | $ | 964 |
Schedule of Unrecognized Tax Benefits Roll Forward | The following is a tabular reconciliation of the beginning and ending balances of the total amounts of unrecognized tax benefits, excluding interest and penalties, for the Predecessor:
| Predecessor
Unrecognized Tax Benefits | Seven Months Ended July 31, 2018 |  | Year Ended December 31, 2017
Balance - beginning of period | $ | 17 |  |  | $ | — |
Increases in tax positions of current year | — |  |  | 1 |
(Decreases)/Increases in tax positions of prior years | (17 | ) |  | 20 |
Settlements | — |  |  | (4 | )
Balance - end of period | $ | — |  |  | $ | 17 |

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