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Business Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information

Financial information for our segments is as follows:

	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Results of Operations
Three months ended June 30, 2017
Revenue	$	271,784			$	32,776			$	6,740			$	—			$	311,300
Expenses	201,928				32,886				45,666				—				280,480
Other income (expense):
Interest income	174				3,007				1,058				—				4,239
Interest expense	(63,903		)		(3,383		)		(13,842		)		—				(81,128		)
Gain on sale of mortgage servicing rights, net	1,034				—				(1		)		—				1,033
Other	2,057				(128		)		1,499				—				3,428
Other expense, net	(60,638		)		(504		)		(11,286		)		—				(72,428		)
Income (loss) before income taxes	$	9,218			$	(614	)		$	(50,212	)		$	—			$	(41,608	)
Three months ended June 30, 2016
Revenue	$	325,120			$	35,376			$	12,558			$	—			$	373,054
Expenses	257,751				31,181				96,086				—				385,018
Other income (expense):
Interest income	(15		)		4,204				951				—				5,140
Interest expense	(81,197		)		(3,697		)		(6,139		)		—				(91,033		)
Gain on sale of mortgage servicing rights, net	853				—				—				—				853
Other	806				308				(508		)		—				606
Other income (expense), net	(79,553		)		815				(5,696		)		—				(84,434		)
Income (loss) before income taxes	$	(12,184	)		$	5,010			$	(89,224	)		$	—			$	(96,398	)

	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Six months ended June 30, 2017
Revenue	$	555,802			$	63,522			$	13,840			$	—			$	633,164
Expenses	418,842				62,217				75,804				—				556,863
Other income (expense):
Interest income	261				5,754				1,987				—				8,002
Interest expense	(131,254		)		(6,667		)		(27,269		)		—				(165,190		)
Gain on sale of mortgage servicing rights, net	1,320				—				—				—				1,320
Other	5,060				103				2,298				—				7,461
Other expense, net	(124,613		)		(810		)		(22,984		)		—				(148,407		)
Income (loss) before income taxes	$	12,347			$	495			$	(84,948	)		$	—			$	(72,106	)
Six months ended June 30, 2016
Revenue	$	632,547			$	58,660			$	12,604			$	—			$	703,811
Expenses	532,070				55,558				126,047				—				713,675
Other income (expense):
Interest income	(161		)		7,815				1,676				—				9,330
Interest expense	(177,670		)		(7,145		)		(12,307		)		—				(197,122		)
Gain on sale of mortgage servicing rights, net	2,028				—				—				—				2,028
Other	(2,537		)		659				(1,017		)		—				(2,895		)
Other income (expense), net	(178,340		)		1,329				(11,648		)		—				(188,659		)
Income (loss) before income taxes	$	(77,863	)		$	4,431			$	(125,091	)		$	—			$	(198,523	)

	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Total Assets
June 30, 2017	$	2,975,458			$	4,483,652			$	473,282			$	—			$	7,932,392
December 31, 2016	$	3,312,371			$	3,863,862			$	479,430			$	—			$	7,655,663
June 30, 2016	$	3,630,933			$	3,424,808			$	432,511			$	—			$	7,488,252

	Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Depreciation and Amortization Expense
Three months ended June 30, 2017
Depreciation expense	$	1,466			$	55			$	4,835			$	6,356
Amortization of mortgage servicing rights	12,627				70				—				12,697
Amortization of debt discount	—				—				268				268
Amortization of debt issuance costs	—				—				661				661
Three months ended June 30, 2016
Depreciation expense	$	1,206			$	65			$	5,539			$	6,810
Amortization of mortgage servicing rights	8,269				78				—				8,347
Amortization of debt discount	178				—				—				178
Amortization of debt issuance costs	2,889				—				332				3,221
Six months ended June 30, 2017
Depreciation expense	$	2,869			$	105			$	10,465			$	13,439
Amortization of mortgage servicing rights	25,271				141				—				25,412
Amortization of debt discount	—				—				539				539
Amortization of debt issuance costs	—				—				1,334				1,334
Six months ended June 30, 2016
Depreciation expense	$	2,340			$	136			$	9,374			$	11,850
Amortization of mortgage servicing rights	20,994				159				—				21,153
Amortization of debt discount	383				—				—				383
Amortization of debt issuance costs	5,822				—				676				6,498

Depreciation and Amortization [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information

	Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Depreciation and Amortization Expense
Three months ended June 30, 2017
Depreciation expense	$	1,466			$	55			$	4,835			$	6,356
Amortization of mortgage servicing rights	12,627				70				—				12,697
Amortization of debt discount	—				—				268				268
Amortization of debt issuance costs	—				—				661				661
Three months ended June 30, 2016
Depreciation expense	$	1,206			$	65			$	5,539			$	6,810
Amortization of mortgage servicing rights	8,269				78				—				8,347
Amortization of debt discount	178				—				—				178
Amortization of debt issuance costs	2,889				—				332				3,221
Six months ended June 30, 2017
Depreciation expense	$	2,869			$	105			$	10,465			$	13,439
Amortization of mortgage servicing rights	25,271				141				—				25,412
Amortization of debt discount	—				—				539				539
Amortization of debt issuance costs	—				—				1,334				1,334
Six months ended June 30, 2016
Depreciation expense	$	2,340			$	136			$	9,374			$	11,850
Amortization of mortgage servicing rights	20,994				159				—				21,153
Amortization of debt discount	383				—				—				383
Amortization of debt issuance costs	5,822				—				676				6,498

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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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