Variable Interest Entities

6 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities

Consolidated Variable Interest Entities

Included in Note 7 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2016 are descriptions of the Company’s Consolidated VIEs.

Included in the tables below are summaries of the carrying amounts of the assets and liabilities of consolidated VIEs (in thousands):



	June 30, 2017
	Residual Trusts		Non-Residual Trusts		Servicer and Protective Advance Financing Facilities		Revolving Credit Facilities-Related VIEs		Total
Assets
Restricted cash and cash equivalents	$	12,861	$	10,714	$	9,328	$	—	$	32,903
Residential loans at amortized cost, net	442,566		—		—		—		442,566
Residential loans at fair value	—		406,006		—		—		406,006
Receivables, net	—		11,841		—		271		12,112
Servicer and protective advances, net	—		—		493,595		—		493,595
Other assets	9,652		653		618		12,439		23,362
Total assets	$	465,079	$	429,214	$	503,541	$	12,710	$	1,410,544

Liabilities
Payables and accrued liabilities	$	1,997	$	—	$	568	$	—	$	2,565
Servicing advance liabilities	—		—		424,555		—		424,555
Mortgage-backed debt	407,175		470,600		—		—		877,775
Total liabilities	$	409,172	$	470,600	$	425,123	$	—	$	1,304,895



	December 31, 2016
	Residual Trusts		Non-Residual Trusts		Servicer and Protective Advance Financing Facilities		Revolving Credit Facilities-Related VIEs		Total
Assets
Restricted cash and cash equivalents	$	13,321	$	10,257	$	22,265	$	—	$	45,843
Residential loans at amortized cost, net	462,877		—		—		—		462,877
Residential loans at fair value	—		450,377		—		42,122		492,499
Receivables, net	—		15,033		—		765		15,798
Servicer and protective advances, net	—		—		734,707		—		734,707
Other assets	10,028		1,028		1,440		7,335		19,831
Total assets	$	486,226	$	476,695	$	758,412	$	50,222	$	1,771,555

Liabilities
Payables and accrued liabilities	$	2,140	$	—	$	845	$	—	$	2,985
Servicing advance liabilities	—		—		650,565		—		650,565
Mortgage-backed debt	429,931		514,025		—		—		943,956
Total liabilities	$	432,071	$	514,025	$	651,410	$	—	$	1,597,506

Unconsolidated Variable Interest Entities

Included in Note 7 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2016 are descriptions of the Company's variable interests in VIEs that it does not consolidate as it has determined that it is not the primary beneficiary of the VIEs. Additionally, refer to Note 14 for information on the Company's transactions with WCO.