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Revenues (Tables)
6 Months Ended
Jun. 30, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables summarizes total net revenues disaggregated by source:
 
Three Months Ended June 30, 2018
 
Mortgage Servicing Segment
 
Mortgage Production Segment
 
 
 
 
 
Subservicing
 
Owned Servicing
 
Portfolio Retention
 
Total Continuing Operations
 
Discontinued Operations
 
(In millions)
Loan servicing income
$
26

 
$
18

 
$

 
$
44

 
$

Changes in fair value of MSRs and secured liability

 
(4
)
 

 
(4
)
 

Origination and other loan fees

 

 
1

 
1

 

Gain on loans held for sale, net

 

 
5

 
5

 
1

Net interest expense

 
(11
)
 

 
(11
)
 

Other income

 

 

 

 
1

Total net revenues (1)
$
26

 
$
3

 
$
6

 
$
35

 
$
2

 
Six Months Ended June 30, 2018
 
Mortgage Servicing Segment
 
Mortgage Production Segment
 
 
 
 
 
Subservicing
 
Owned Servicing
 
Portfolio Retention
 
Total Continuing Operations
 
Discontinued Operations
 
(In millions)
Loan servicing income
$
50

 
$
38

 
$

 
$
88

 
$

Changes in fair value of MSRs and secured liability

 
(5
)
 

 
(5
)
 

Origination and other loan fees

 

 
2

 
2

 
3

Gain on loans held for sale, net

 

 
10

 
10

 
2

Net interest expense

 
(25
)
 

 
(25
)
 

Other income (2)

 
15

 

 
15

 
4

Total net revenues (1)
$
50

 
$
23

 
$
12

 
$
85

 
$
9

———————
(1) 
During the three and six months ended June 30, 2018 discontinued operations includes $1 million and $5 million, respectively, of revenue that was accounted for under ASC 606 as discussed below. During both the three and six months ended June 30, 2018, Subservicing includes $2 million of revenue that was accounted for under ASC 606, which primarily related to certain ancillary fees associated with subservicing contracts that are recognized over the term of the contract.
(2) 
During the six months ended June 30, 2018, Other income within the Mortgage Servicing segment includes a $15 million gain related to a settlement with an insurance carrier for certain claims related to the Company's previously disclosed legal and regulatory settlements. Refer to Note 11, 'Commitments and Contingencies' for additional information.