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Consolidated Statements of Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Net servicing revenue and fees $ 91,321 $ 31,936 $ 204,508 $ (73,826)
Net gains on sales of loans 70,545 100,176 144,901 184,653
Net fair value gains on reverse loans and related HMBS obligations 7,872 7,650 22,574 42,858
Interest income on loans 10,489 11,849 21,469 24,020
Insurance revenue 2,650 11,277 7,590 21,644
Other revenues 25,910 24,585 53,030 54,895
Total revenues 208,787 187,473 454,072 254,244
EXPENSES        
General and administrative 117,544 135,776 249,171 265,382
Salaries and benefits 101,071 133,681 209,028 266,320
Interest expense 60,884 64,400 121,294 128,648
Depreciation and amortization 10,042 14,540 20,974 28,963
Goodwill impairment 0 215,412 0 215,412
Other expenses, net 3,054 1,897 5,837 4,403
Total expenses 292,595 565,706 606,304 909,128
OTHER GAINS (LOSSES)        
Gain on sale of business 7 0 67,734 0
Other net fair value losses (8,105) (819) (3,022) (2,963)
Gain (loss) on extinguishment (709) 0 (709) 928
Other 0 (532) 0 (1,556)
Total other gains (losses) (8,807) (1,351) 64,003 (3,591)
Loss before income taxes (92,615) (379,584) (88,229) (658,475)
Income tax expense 1,694 110,379 1,572 4,190
Net loss (94,309) (489,963) (89,801) (662,665)
Comprehensive loss $ (94,314) $ (489,947) $ (89,823) $ (662,624)
Basic and diluted loss per common and common equivalent share $ (2.58) $ (13.68) $ (2.46) $ (18.57)
Weighted-average common and common equivalent shares outstanding — basic and diluted 36,536 35,811 36,475 35,679