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Business Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30, 2017
Revenue	$	246,545			$	31,935			$	6,162			$	—			$	284,642
Expenses	218,565				38,412				16,502				—				273,479
Other income (expense):
Interest income	144				2,857				1,098				—				4,099
Interest expense	(28,568		)		(4,504		)		(14,209		)		—				(47,281		)
Gain on sale of mortgage servicing rights, net	6,543				—				—				—				6,543
Other	(418		)		555				(1,214		)		—				(1,077		)
Other expense, net	(22,299		)		(1,092		)		(14,325		)		—				(37,716		)
Income (loss) before income taxes	$	5,681			$	(7,569	)		$	(24,665	)		$	—			$	(26,553	)

	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Three months ended September 30, 2016
Revenue	$	319,080			$	30,696			$	9,672			$	—			$	359,448
Expenses	202,156				30,013				39,509				—				271,678
Other income (expense):
Interest income	59				3,990				1,109				—				5,158
Interest expense	(101,138		)		(3,684		)		(6,139		)		—				(110,961		)
Gain on sale of mortgage servicing rights, net	5,661				—				—				—				5,661
Other	13,943				322				471				—				14,736
Other income (expense), net	(81,475		)		628				(4,559		)		—				(85,406		)
Income (loss) before income taxes	$	35,449			$	1,311			$	(34,396	)		$	—			$	2,364
Nine months ended September 30, 2017
Revenue	$	802,347			$	95,457			$	20,002			$	—			$	917,806
Expenses	637,406				100,628				92,308				—				830,342
Other income (expense):
Interest income	406				8,612				3,083				—				12,101
Interest expense	(159,822		)		(11,171		)		(41,478		)		—				(212,471		)
Gain on sale of mortgage servicing rights, net	7,863				—				—				—				7,863
Other	4,642				658				1,084				—				6,384
Other expense, net	(146,911		)		(1,901		)		(37,311		)		—				(186,123		)
Income (loss) before income taxes	$	18,030			$	(7,072	)		$	(109,617	)		$	—			$	(98,659	)
Nine months ended September 30, 2016
Revenue	$	951,727			$	89,255			$	22,277			$	—			$	1,063,259
Expenses	734,326				85,471				165,556				—				985,353
Other income (expense):
Interest income	(102		)		11,805				2,785				—				14,488
Interest expense	(278,808		)		(10,829		)		(18,446		)		—				(308,083		)
Gain on sale of mortgage servicing rights, net	7,689				—				—				—				7,689
Other	11,406				982				(547		)		—				11,841
Other income (expense), net	(259,815		)		1,958				(16,208		)		—				(274,065		)
Income (loss) before income taxes	$	(42,414	)		$	5,742			$	(159,487	)		$	—			$	(196,159	)

	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Total Assets
September 30, 2017	$	2,905,817			$	4,679,641			$	512,147			$	—			$	8,097,605
December 31, 2016	$	3,312,371			$	3,863,862			$	479,430			$	—			$	7,655,663
September 30, 2016	$	3,455,613			$	3,662,339			$	467,498			$	—			$	7,585,450

	Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Depreciation and Amortization Expense
Three months ended September 30, 2017
Depreciation expense	$	1,525			$	57			$	5,408			$	6,990
Amortization of mortgage servicing rights	13,081				67				—				13,148
Amortization of debt discount	—				—				258				258
Amortization of debt issuance costs	—				—				644				644
Three months ended September 30, 2016
Depreciation expense	$	2,730			$	48			$	3,651			$	6,429
Amortization of mortgage servicing rights	(2,634		)		76				—				(2,558		)
Amortization of debt discount	240				—				—				240
Amortization of debt issuance costs	3,645				—				332				3,977
Nine months ended September 30, 2017
Depreciation expense	$	4,393			$	162			$	15,875			$	20,430
Amortization of mortgage servicing rights	38,351				209				—				38,560
Amortization of debt discount	—				—				797				797
Amortization of debt issuance costs	—				—				1,979				1,979
Nine months ended September 30, 2016
Depreciation expense	$	5,068			$	184			$	13,025			$	18,277
Amortization of mortgage servicing rights	18,360				235				—				18,595
Amortization of debt discount	623				—				—				623
Amortization of debt issuance costs	9,466				—				1,009				10,475

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 September 30, 2017
Depreciation expense	$	1,525			$	57			$	5,408			$	6,990
Amortization of mortgage servicing rights	13,081				67				—				13,148
Amortization of debt discount	—				—				258				258
Amortization of debt issuance costs	—				—				644				644
Three months ended September 30, 2016
Depreciation expense	$	2,730			$	48			$	3,651			$	6,429
Amortization of mortgage servicing rights	(2,634		)		76				—				(2,558		)
Amortization of debt discount	240				—				—				240
Amortization of debt issuance costs	3,645				—				332				3,977
Nine months ended September 30, 2017
Depreciation expense	$	4,393			$	162			$	15,875			$	20,430
Amortization of mortgage servicing rights	38,351				209				—				38,560
Amortization of debt discount	—				—				797				797
Amortization of debt issuance costs	—				—				1,979				1,979
Nine months ended September 30, 2016
Depreciation expense	$	5,068			$	184			$	13,025			$	18,277
Amortization of mortgage servicing rights	18,360				235				—				18,595
Amortization of debt discount	623				—				—				623
Amortization of debt issuance costs	9,466				—				1,009				10,475

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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