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Business Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information

Financial information for our segments is as follows:

	Three Months Ended June 30, 2018
Results of Operations	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Revenue	$	230,509			$	19,002			$	4,070			$	—			$	253,581
Expenses (1)	166,888				17,785				20,977				—				205,650
Other income (expense):
Interest income	1,466				1,360				529				—				3,355
Interest expense	(62,675		)		(1,472		)		(13,356		)		—				(77,503		)
Gain on sale of mortgage servicing rights, net	77				—				1				—				78
Other	(403		)		294				(2,157		)		—				(2,266		)
Other income (expense), net	(61,535		)		182				(14,983		)		—				(76,336		)
Income (loss) before income taxes	$	2,086			$	1,399			$	(31,890	)		$	—			$	(28,405	)

	Three Months Ended June 30, 2017
Results of Operations	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
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	1,033				—				—				—				1,033
Other	2,058				(128		)		1,498				—				3,428
Other expense, net	(60,638		)		(504		)		(11,286		)		—				(72,428		)
Income (loss) before income taxes	$	9,218			$	(614	)		$	(50,212	)		$	—			$	(41,608	)
	Six months ended June 30, 2018
Revenue	$	456,605			$	48,197			$	9,036			$	—			$	513,838
Expenses (1)	337,984				38,081				36,086				—				412,151
Other income (expense):
Interest income	1,894				2,852				1,309				—				6,055
Interest expense	(97,193		)		(3,417		)		(27,703		)		—				(128,313		)
Gain on sale of mortgage servicing rights, net	1,036				—				—				—				1,036
Other	(1,790		)		620				(2,735		)		—				(3,905		)
Other income (expense), net	(96,053		)		55				(29,129		)		—				(125,127		)
Income (loss) before income taxes	$	22,568			$	10,171			$	(56,179	)		$	—			$	(23,440	)
	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	)

Total Assets		Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
June 30, 2018		$	2,851,910			$	5,242,716			$	325,570			$	—			$	8,420,196
December 31, 2017		$	3,033,243			$	4,945,456			$	424,465			$	—			$	8,403,164
June 30, 2017		$	2,975,458			$	4,483,652			$	473,282			$	—			$	7,932,392

Depreciation and Amortization Expense		Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Three months ended June 30, 2018
Depreciation expense		$	1,256			$	25			$	4,834			$	6,115
Amortization of debt discount		—				—				442				442
Amortization of debt issuance costs		—				—				1,005				1,005
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
Six months ended June 30, 2018
Depreciation expense		$	2,613			$	54			$	9,973			$	12,640
Amortization of debt discount		—				—				706				706
Amortization of debt issuance costs		—				—				1,662				1,662
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

(1) Expenses in the Corporate Items and Other segment for the three and six months ended June 30, 2018 includes $1.6 million and $7.3 million, respectively, of severance expense attributable to headcount reductions in connection with our strategic initiatives to exit the ACS business and the forward lending correspondent and wholesale channels, as well as our overall efforts to reduce costs.

Depreciation and Amortization [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information

Depreciation and Amortization Expense		Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Three months ended June 30, 2018
Depreciation expense		$	1,256			$	25			$	4,834			$	6,115
Amortization of debt discount		—				—				442				442
Amortization of debt issuance costs		—				—				1,005				1,005
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
Six months ended June 30, 2018
Depreciation expense		$	2,613			$	54			$	9,973			$	12,640
Amortization of debt discount		—				—				706				706
Amortization of debt issuance costs		—				—				1,662				1,662
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

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- 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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