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Business Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information | Financial information for our segments is as follows:
| Three Months Ended September 30, 2018
Results of Operations | Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Revenue | $ | 217,630 |  |  | $ | 16,917 |  |  | $ | 3,731 |  |  | $ | — |  |  | $ | 238,278 |
Expenses (1) | 185,077 |  |  | 18,954 |  |  | 13,495 |  |  | — |  |  | 217,526 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 2,242 |  |  | 1,255 |  |  | 466 |  |  | — |  |  | 3,963 |
Interest expense | (47,359 | ) |  | (1,437 | ) |  | (12,492 | ) |  | — |  |  | (61,288 | )
Gain on sale of mortgage servicing rights, net | (733 | ) |  | — |  |  | — |  |  | — |  |  | (733 | )
Other | (602 | ) |  | 154 |  |  | (2,519 | ) |  | — |  |  | (2,967 | )
Other expense, net | (46,452 | ) |  | (28 | ) |  | (14,545 | ) |  | — |  |  | (61,025 | )
Loss before income taxes | $ | (13,899 | ) |  | $ | (2,065 | ) |  | $ | (24,309 | ) |  | $ | — |  |  | $ | (40,273 | )
| Three Months Ended September 30, 2017
Results of Operations | Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
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 | )
| Nine months ended September 30, 2018
Revenue | $ | 674,233 |  |  | $ | 65,116 |  |  | $ | 12,767 |  |  | $ | — |  |  | $ | 752,116 |
Expenses (1) | 523,061 |  |  | 57,036 |  |  | 49,580 |  |  | — |  |  | 629,677 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 4,136 |  |  | 4,107 |  |  | 1,775 |  |  | — |  |  | 10,018 |
Interest expense | (144,551 | ) |  | (4,855 | ) |  | (40,195 | ) |  | — |  |  | (189,601 | )
Gain on sale of mortgage servicing rights, net | 303 |  |  | — |  |  | — |  |  | — |  |  | 303 |
Other | (2,392 | ) |  | 774 |  |  | (5,254 | ) |  | — |  |  | (6,872 | )
Other income (expense), net | (142,504 | ) |  | 26 |  |  | (43,674 | ) |  | — |  |  | (186,152 | )
Income (loss) before income taxes | $ | 8,668 |  |  | $ | 8,106 |  |  | $ | (80,487 | ) |  | $ | — |  |  | $ | (63,713 | )
| 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 | )
Total Assets |  | Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
September 30, 2018 |  | $ | 2,726,905 |  |  | $ | 5,385,437 |  |  | $ | 348,695 |  |  | $ | — |  |  | $ | 8,461,037 |
December 31, 2017 |  | $ | 3,033,243 |  |  | $ | 4,945,456 |  |  | $ | 424,465 |  |  | $ | — |  |  | $ | 8,403,164 |
September 30, 2017 |  | $ | 2,905,817 |  |  | $ | 4,679,641 |  |  | $ | 512,147 |  |  | $ | — |  |  | $ | 8,097,605 |
Depreciation and Amortization Expense |  | Servicing |  | Lending |  | Corporate Items and Other |  | Business Segments Consolidated
Three months ended September 30, 2018
Depreciation expense |  | $ | 1,035 |  |  | $ | 23 |  |  | $ | 4,500 |  |  | $ | 5,558 |
Amortization of debt discount |  | — |  |  | — |  |  | 235 |  |  | 235 |
Amortization of debt issuance costs |  | — |  |  | — |  |  | 599 |  |  | 599 |
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 |
Nine months ended September 30, 2018
Depreciation expense |  | $ | 3,647 |  |  | $ | 77 |  |  | $ | 14,475 |  |  | $ | 18,199 |
Amortization of debt discount |  | — |  |  | — |  |  | 941 |  |  | 941 |
Amortization of debt issuance costs |  | — |  |  | — |  |  | 2,261 |  |  | 2,261 |
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 |
(1) | Expenses in the Corporate Items and Other segment for the nine months ended September 30, 2018 includes $7.5 million 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 September 30, 2018
Depreciation expense |  | $ | 1,035 |  |  | $ | 23 |  |  | $ | 4,500 |  |  | $ | 5,558 |
Amortization of debt discount |  | — |  |  | — |  |  | 235 |  |  | 235 |
Amortization of debt issuance costs |  | — |  |  | — |  |  | 599 |  |  | 599 |
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 |
Nine months ended September 30, 2018
Depreciation expense |  | $ | 3,647 |  |  | $ | 77 |  |  | $ | 14,475 |  |  | $ | 18,199 |
Amortization of debt discount |  | — |  |  | — |  |  | 941 |  |  | 941 |
Amortization of debt issuance costs |  | — |  |  | — |  |  | 2,261 |  |  | 2,261 |
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 |

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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 + Details
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