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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Select Financial Information of Reportable Segments
The following tables present select financial information for the reportable segments (in thousands). The Company has presented the revenue and expenses of the Non-Residual Trusts and other non-reportable operating segments, as well as certain corporate expenses that have not been allocated to the business segments, in Other. Intersegment revenues and expenses have been eliminated.
 
 
For the Three Months Ended June 30, 2017
 
 
Servicing
 
Originations
 
Reverse
Mortgage
 
Other
 
Eliminations
 
Total
Consolidated
Total revenues (1) (2) (3)
 
$
117,426

 
$
80,520

 
$
15,409

 
$
200

 
$
(4,768
)
 
$
208,787

Income (loss) before income taxes
 
(43,986
)
 
20,007

 
(16,500
)
 
(52,136
)
 
—

 
(92,615
)

 
 
For the Three Months Ended June 30, 2016
 
 
Servicing
 
Originations
 
Reverse
Mortgage
 
Other
 
Eliminations
 
Total
Consolidated
Total revenues (1) (2) (3)
 
$
72,813

 
$
110,209

 
$
16,137

 
$
45

 
$
(11,731
)
 
$
187,473

Income (loss) before income taxes
 
(356,026
)
 
45,615

 
(26,944
)
 
(42,229
)
 
—

 
(379,584
)
__________
(1)
The Servicing segment recorded intercompany servicing revenue and fees from activity with the Originations segment and the Other non-reportable segment of $2.4 million and $3.1 million for the three months ended June 30, 2017 and 2016, respectively. Included in these amounts are late fees that were waived as an incentive for borrowers refinancing their loans of $0.6 million and $1.0 million for the three months ended June 30, 2017 and 2016, respectively, which reduced net gains on sales of loans recognized by the Originations segment.
(2)
The Servicing segment recorded intercompany revenues for fees earned related to certain loan originations completed by the Originations segment from leads generated through the Servicing segment's servicing portfolio of $3.0 million and $9.5 million for the three months ended June 30, 2017 and 2016, respectively.
(3)
The Originations segment recorded intercompany revenues for fees earned supporting the Servicing segment in administrative functions relating to the acquisition of certain servicing rights of less than $0.1 million and $0.2 million for the three months ended June 30, 2017 and 2016, respectively.
 
 
For the Six Months Ended June 30, 2017
 
 
Servicing
 
Originations
 
Reverse
Mortgage
 
Other
 
Eliminations
 
Total
Consolidated
Total revenues (1) (2) (3)
 
$
265,206

 
$
161,328

 
$
37,902

 
$
710

 
$
(11,074
)
 
$
454,072

Income (loss) before income taxes
 
(10,819
)
 
30,842

 
(21,799
)
 
(86,453
)
 
—

 
(88,229
)
 
 
For the Six Months Ended June 30, 2016
 
 
Servicing
 
Originations
 
Reverse
Mortgage
 
Other
 
Eliminations
 
Total
Consolidated
Total revenues (1) (2) (3)
 
$
9,558

 
$
210,486

 
$
60,232

 
$
75

 
$
(26,107
)
 
$
254,244

Income (loss) before income taxes
 
(612,347
)
 
62,016

 
(21,917
)
 
(86,227
)
 
—

 
(658,475
)
__________
(1)
The Servicing segment recorded intercompany servicing revenue and fees from activity with the Originations segment and the Other non-reportable segment of $5.3 million and $6.2 million for the six months ended June 30, 2017 and 2016, respectively. Included in these amounts are late fees that were waived as an incentive for borrowers refinancing their loans of $1.6 million and $2.0 million for the six months ended June 30, 2017 and 2016, respectively, which reduced net gains on sales of loans recognized by the Originations segment.
(2)
The Servicing segment recorded intercompany revenues for fees earned related to certain loan originations completed by the Originations segment from leads generated through the Servicing segment's servicing portfolio of $7.4 million and $21.0 million for the six months ended June 30, 2017 and 2016, respectively.
(3)
The Originations segment recorded intercompany revenues for fees earned supporting the Servicing segment in administrative functions relating to the acquisition of certain servicing rights of less than $0.1 million and $0.9 million for the six months ended June 30, 2017 and 2016, respectively.