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Segment Information (Tables)
9 Months Ended
Sep. 30, 2014
Segment Information  
Schedule of segment results

 

 

 

 

Total Assets

 

 

 

September 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(In millions)

 

Mortgage Production segment

 

$

1,020

 

$

1,127

 

Mortgage Servicing segment

 

2,048

 

2,219

 

Assets related to discontinued operations

 

 

4,456

 

Other

 

1,615

 

1,051

 

Total

 

$

4,683

 

$

8,853

 

 

 

 

Net Revenues

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(In millions)

 

Mortgage Production segment

 

$

132

 

$

182

 

$

343

 

$

699

 

Mortgage Servicing segment

 

14

 

29

 

110

 

263

 

Other

 

6

 

 

6

 

 

Total

 

$

152

 

$

211

 

$

459

 

$

962

 

 

 

 

Segment (Loss) Profit (1)

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(In millions)

 

Mortgage Production segment

 

$

(28)

 

$

(22)

 

$

(115)

 

$

67

 

Mortgage Servicing segment

 

(71)

 

(28)

 

(90)

 

70

 

Other

 

(33)

 

(57)

 

(43)

 

(63)

 

Total

 

$

(132)

 

$

(107)

 

$

(248)

 

$

74

 

_____________

 

Schedule of reconciliation of Income or loss from continuing operations before income taxes to Segment profit or loss

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(In millions)

 

(Loss) income from continuing operations before income taxes

 

$

(129)

 

$

(101)

 

$

(243)

 

$

104

 

Less: net income attributable to noncontrolling interest

 

3

 

6

 

5

 

30

 

Segment (loss) profit

 

$

(132)

 

$

(107)

 

$

(248)

 

$

74