Receivables, Net

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Receivables, Net Disclosure

Receivables, Net

Receivables, net consist of the following (in thousands):

	Successor			Predecessor
	December 31, 2018			December 31, 2017
Servicing fee receivables	$	25,158		$	24,838
Income tax receivables	17,639			17,477
Servicing rights holdback receivable (1)	14,050			31,336
Receivables related to Non-Residual Trusts	1,945			5,608
Other receivables	59,611			49,829
Total receivables	118,403			129,088
Less: Allowance for uncollectible receivables	(1,587		)	(4,744		)
Receivables, net	$	116,816		$	124,344

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(1) Servicing rights holdback receivable relates primarily to sales of MSR to NRM. Refer to Note 4 for further information regarding transactions with NRM.

In connection with the adoption of fresh start accounting at February 9, 2018, the Company adjusted receivables to fair value, which included an adjustment to decrease the servicing rights holdback receivable by $1.7 million. With the exception of the servicing rights holdback receivable, the net carrying value of the receivables approximated fair value. Accordingly, the allowance for uncollectible accounts for each receivable was netted against the gross receivable amount to arrive at the gross receivable balances under fresh start accounting. Refer to Note 2 for additional information regarding fresh start accounting adjustments.