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Residential Loans at Amortized Cost, Net (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of Residential Loans at Amortized Cost, Net
Residential loans at amortized cost, net are comprised of the following components (in thousands):
 
 
Successor
 
 
Predecessor
 
 
December 31, 2018
 
 
December 31, 2017
Unpaid principal balance (1)
 
$
481,050

 
 
$
1,021,172

Unamortized discounts and other cost basis adjustments, net (2)
 
(6,230
)
 
 
(29,371
)
Allowance for loan losses
 
(940
)
 
 
(6,347
)
Residential loans at amortized cost, net (3)
 
$
473,880

 
 
$
985,454

__________
(1)
Includes loans subject to repurchase from Ginnie Mae of $466.5 million and $542.4 million at December 31, 2018 and 2017, respectively.
(2)
Includes $0.1 million and $4.5 million of accrued interest receivable at December 31, 2018 and 2017, respectively.
(3)
Includes $561.0 million of mortgage loans that are not related to consolidated VIEs at December 31, 2017. The balance at December 31, 2018 does not include any mortgage loans related to consolidated VIEs.
Schedule of Activity in Allowance for Loan Losses on Residential Loans at Amortized Cost, Net
The following table summarizes the activity in the allowance for loan losses on residential loans at amortized cost, net (in thousands):
 
 
Successor
 
 
Predecessor
 
 
For the Period From February 10, 2018 Through December 31, 2018
 
 
For the Period From January 1, 2018 Through February 9, 2018
 
For the Year Ended 
 December 31, 2017
Balance at beginning of the period
 
$
681

 
 
$
6,347

 
$
5,167

Adoption of ASC 610
 
—

 
 
(1,538
)
 
—

Fresh start accounting adjustments
 
—

 
 
(4,264
)
 
—

Provision for loan losses (1)
 
69

 
 
238

 
3,643

Charge-offs, net of recoveries (2)
 
190

 
 
(102
)
 
(2,463
)
Balance at end of the period
 
$
940

 
 
$
681

 
$
6,347

__________
(1)
Provision for loan losses is included in other expenses, net on the consolidated statements of comprehensive income (loss).
(2)
Includes charge-offs recognized upon foreclosure of real estate in satisfaction of residential loans of $0.1 million and $1.0 million for the period from January 1, 2018 through February 9, 2018 and the year ended December 31, 2017, respectively.