Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of segment results

Segment results were as follows:

	Total Assets
	June 30, 2016		December 31, 2015
	(In millions)
Mortgage Production segment	$	1,198	$	1,036
Mortgage Servicing segment	1,496		1,802
Other	937		804
Total	$	3,631	$	3,642

	Net Revenues
	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(In millions)
Mortgage Production segment	$	162	$	174	$	275	$	311
Mortgage Servicing segment	34		60		78		181
Other	—		3		—		6
Total	$	196	$	237	$	353	$	498

	Segment Profit (Loss) (2)
	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(In millions)
Mortgage Production segment	$	13		$	3		$	(13	)	$	(16	)
Mortgage Servicing segment	(33		)	(46		)	(54		)	11
Other (1)	(3		)	(37		)	(5		)	(46		)
Total	$	(23	)	$	(80	)	$	(72	)	$	(51	)

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⁽¹⁾ For both the three and six months ended June 30, 2015, the net results for Other include a $30 million loss on the exchange of the Convertible notes due in 2017.

⁽²⁾ The following is a reconciliation of Loss or income before income taxes to Segment loss or profit:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(In millions)
Loss before income taxes	$	(20	)	$	(74	)	$	(69	)	$	(43	)
Less: net income attributable to noncontrolling interest	3			6			3			8
Segment loss	$	(23	)	$	(80	)	$	(72	)	$	(51	)

Schedule of reconciliation of Income (loss) before income taxes to Segment profit (loss)

The following is a reconciliation of Loss or income before income taxes to Segment loss or profit:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(In millions)
Loss before income taxes	$	(20	)	$	(74	)	$	(69	)	$	(43	)
Less: net income attributable to noncontrolling interest	3			6			3			8
Segment loss	$	(23	)	$	(80	)	$	(72	)	$	(51	)