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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense (benefit) were as follows:
| Successor |  |  | Predecessor
Total Income Tax Expense (Benefit) | Year Ended December 31, 2020 |  | Year Ended December 31, 2019 |  | Five Months Ended December 31, 2018 |  |  | Seven Months Ended July 31, 2018
Current Income Taxes |  |  |  |  |  |  |  |
Federal | $ | (3) |  |  | $ | 19 |  |  | $ | — |  |  |  | $ | (14) |
State | 92 |  |  | 74 |  |  | — |  |  |  | (1) |
Total current income taxes | 89 |  |  | 93 |  |  | — |  |  |  | (15) |
Deferred Income Taxes |  |  |  |  |  |  |  |
Federal | 86 |  |  | (298) |  |  | (1,015) |  |  |  | 54 |
State | (83) |  |  | (68) |  |  | (6) |  |  |  | 9 |
Total deferred income taxes | 3 |  |  | (366) |  |  | (1,021) |  |  |  | 63 |
Total income tax expense (benefit) | $ | 92 |  |  | $ | (273) |  |  | $ | (1,021) |  |  |  | $ | 48 |
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
Reconciliation of the Income Tax Provision | Year Ended December 31, 2020 |  | Year Ended December 31, 2019 |  | Five Months Ended December 31, 2018 |  |  | Seven Months Ended July 31, 2018
Tax Expense (Benefit) at Federal Statutory Rate | $ | 84 |  |  | 21.0 | % |  | $ | (1) |  |  | 21.0 | % |  | $ | (29) |  |  | 21.0 | % |  |  | $ | 42 |  |  | 21.0 | %
Effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State taxes, net of federal benefit | 7 |  |  | 1.6 | % |  | 5 |  |  | (141.2) | % |  | (6) |  |  | 4.2 | % |  |  | 8 |  |  | 3.8 | %
Non-controlling interests | — |  |  | — | % |  | 1 |  |  | (21.1) | % |  | — |  |  | — | % |  |  | — |  |  | — | %
Change in valuation allowance | — |  |  | — | % |  | (285) |  |  | 8066.4 | % |  | (990) |  |  | 720.0 | % |  |  | — |  |  | — | %
Deferred adjustments | (5) |  |  | (1.1) | % |  | 2 |  |  | (64.1) | % |  | 3 |  |  | (1.8) | % |  |  | (1) |  |  | (0.5) | %
Nondeductible items | 7 |  |  | 1.7 | % |  | 4 |  |  | (136.5) | % |  | 1 |  |  | (1.0) | % |  |  | 7 |  |  | 3.3 | %
Other, net | (1) |  |  | (0.2) | % |  | 1 |  |  | (5.7) | % |  | — |  |  | — | % |  |  | (8) |  |  | (3.8) | %
Total income tax expense (benefit) | $ | 92 |  |  | 23.0 | % |  | $ | (273) |  |  | 7718.8 | % |  | $ | (1,021) |  |  | 742.4 | % |  |  | $ | 48 |  |  | 23.8 | %
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
Deferred Tax Assets and Liabilities | December 31, 2020 |  | December 31, 2019
Deferred Tax Assets |  |  |
Effect of: |  |  |
Goodwill and intangible assets | $ | 728 |  |  | $ | 364 |
Loss carryforwards (federal, state & capital) | 558 |  |  | 998 |
Loss reserves | 115 |  |  | 108 |
Reverse mortgage interests | 38 |  |  | 44 |
Lease liability | 26 |  |  | 32 |
Accruals | 24 |  |  | 16 |
Other, net | 15 |  |  | 16 |
Total deferred tax assets | 1,504 |  |  | 1,578 |
Deferred Tax Liabilities |  |  |
MSR amortization and mark-to-market, net | (117) |  |  | (181) |
Right-of-use assets | (23) |  |  | (29) |
Depreciation and amortization, net | (13) |  |  | (12) |
Prepaid assets | (2) |  |  | (2) |
Total deferred tax liabilities | (155) |  |  | (224) |
Valuation allowance | (9) |  |  | (9) |
Deferred tax assets, net | $ | 1,340 |  |  | $ | 1,345 |
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
Balance - beginning of period | $ | 17 |
Decreases in tax positions of prior years | (17) |
Balance - end of period | $ | — |

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