Payables and Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2018

Payables and Accruals [Abstract]

Schedule of Payables and Accrued Liabilities

Payables and accrued liabilities consist of the following.

	Successor		Predecessor
	September 30, 2018		December 31, 2017
Payables to servicing and subservicing investors	$	530	$	516
Loans subject to repurchase from Ginnie Mae	231		218
Accounts payable and other accrued liabilities	165		99
Payables to GSEs and securitized trusts	95		92
Accrued bonus and payroll	89		82
Accrued legal expenses	65		25
Payable to insurance carriers and insurance cancellation reserves	61		61
Accrued interest	61		62
MSR purchases payable including advances	21		10
Repurchase reserves	9		9
Taxes	8		36
Lease obligations	5		24
Derivative financial instruments at fair value	2		5
Total payables and accrued liabilities	$	1,342	$	1,239

Schedule of Loans Subject to Repurchase Reserve

The activity of the repurchase reserves is set forth below.

	Successor			Predecessor
Repurchase Reserves	For the Period August 1 - September 30, 2018			For the Period July 1 - July 31, 2018		Three Months Ended September 30, 2017			For the Period January 1 - July 31, 2018			Nine Months Ended September 30, 2017
Balance - beginning of period	$	9		$	9	$	14		$	9		$	18
Provisions	1			—		2			3			5
Releases	(1		)	—		—			(3		)	(6		)
Charge-offs	—			—		(1		)	—			(2		)
Balance - end of period	$	9		$	9	$	15		$	9		$	15