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Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
10. Derivative Financial Instruments

Derivative instruments utilized by the Company primarily include IRLCs, LPCs, forward MBS trades, Eurodollar and Treasury futures and interest rate swap agreements.

Associated with the Company and Predecessor’s derivatives are $12 and $1 in collateral deposits on derivative instruments recorded in other assets on the Company and Predecessor’s consolidated balance sheets as of December 31, 2018 and 2017, respectively. The Company and Predecessor do not offset fair value amounts recognized for derivative instruments with amounts collected or deposited on derivative instruments in the consolidated balance sheets.

The following table provides the outstanding notional balances, fair values of outstanding positions and recorded gains/(losses).
 
 
 
Successor
 
 
Predecessor
 
 
 
December 31, 2018
 
For the Period August 1 - December 31, 2018
 
 
For the Period January 1 - July 31, 2018
 
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded Gains/(Losses)
 
 
Recorded Gains/(Losses)
Assets
 
 
 
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
 
 
 
Loan sale commitments
2019
 
$
319

 
$
13.5

 
$
2.8

 
 
$
10.5

Derivative financial instruments
 
 
 
 
 
 
 
 
 
 
IRLCs
2019
 
1,301

 
47.6

 
(12.1
)
 
 
0.4

Forward sales of MBS
2019
 
485

 
0.1

 
(3.1
)
 
 
0.9

LPCs
2019
 
215

 
1.7

 
0.4

 
 
0.3

Treasury futures(1)
2018
 
—

 
—

 
(0.1
)
 
 
(1.8
)
Eurodollar futures(1)
2019-2021
 
19

 
—

 
—

 
 
—

Liabilities
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
 
 
 
IRLCs(1)
2019
 
—

 
—

 
—

 
 
—

Forward sales of MBS
2019
 
2,639

 
19.3

 
17.4

 
 
(1.0
)
LPCs
2019
 
90

 
0.4

 
(0.2
)
 
 
0.1

Treasury futures(1)
2018
 
—

 
—

 
(0.1
)
 
 
(1.3
)
Eurodollar futures(1)
2019-2021
 
6

 
—

 
—

 
 
—


 
 
 
Predecessor
 
 
 
December 31, 2017
 
Year ended December 31, 2017
 
Expiration
Dates
 
Outstanding
Notional
 
Fair
Value
 
Recorded
Gains/(Losses)
Assets
 
 
 
 
 
 
 
Mortgage loans held for sale
 
 
 
 
 
 
 
Loan sale commitments(1)
2018
 
$
13

 
$
0.1

 
$
—

Derivative financial instruments
 
 
 
 
 
 
 
IRLCs
2018
 
2,065

 
59.3

 
(32.9
)
Forward sales of MBS
2018
 
1,802

 
2.4

 
(36.9
)
LPCs
2018
 
171

 
0.9

 
(1.0
)
Treasury futures
2018
 
81

 
1.9

 
1.9

Eurodollar futures(1)
2018-2021
 
26

 
—

 
—

Interest rate swaps(1)
2018
 
—

 
—

 
(0.1
)
Liabilities
 
 
 
 
 
 
 
Derivative financial instruments
 
 
 
 
 
 
 
IRLCs(1)
2018
 
7

 
—

 
1.1

Forward sales of MBS
2018
 
1,579

 
2.8

 
7.2

LPCs
2018
 
213

 
0.6

 
0.9

Treasury futures
2018
 
128

 
1.4

 
(1.4
)
Eurodollar futures(1)
2018-2021
 
17

 
—

 
—

Interest rate swaps(1)
2018
 
—

 
—

 
0.1


(1) 
Fair values or recorded gains/(losses) of derivative instruments are less than $0.1 for the specified dates.