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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of assets acquired and liabilities assumed |
Final Estimated Fair Value of Net Assets Acquired: |
Cash and cash equivalents | $ | 37 |
Restricted cash | 2 |
Mortgage servicing rights | 271 |
Advances and other receivables | 84 |
Mortgage loans held for sale | 536 |
Mortgage loans held for investment | 1 |
Property and equipment | 8 |
Other assets | 483 |
Fair value of assets acquired | 1,422 |
Notes payable(1) | 294 |
Advance facilities | 13 |
Warehouse facilities | 393 |
Payables and other liabilities | 530 |
Other nonrecourse debt | 129 |
Fair value of liabilities assumed | 1,359 |
Total fair value of net tangible assets acquired | 63 |
Intangible assets: |
Customer relationships(2) | 13 |
Goodwill | 40 |
Final purchase price | $ | 116 |
(1)Notes payable was subsequently paid off in February 2019 after the consummation of the acquisition. (2)The estimated fair values for customer relationships were measured using the excess earnings method and were determined to have a remaining useful life of 10 years.
Schedule of pro forma information | The following unaudited pro forma financial information presents the combined results of operations for the three and six months ended June 30, 2019, as if the acquisition had occurred on January 1, 2019:
| Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2019
Pro forma financial information | (unaudited) |  | (unaudited)
Pro forma total revenues | $ | 399 |  |  | $ | 668 |
Pro forma net loss | $ | (87) |  |  | $ | (271) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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