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Reverse Mortgage Interests, Net (Tables)
 12 Months Ended
Dec. 31, 2018
Reverse Mortgage Interest [Abstract]  
Summary of Reverse Mortgage Interests
The activity of the reserves for reverse mortgage interests is set forth below.
 
Successor
 
 
Predecessor
Reserves for reverse mortgage interests
For the Period August 1 - December 31, 2018
 
 
For the Period January 1 - July 31, 2018
 
Year ended December 31, 2017
Balance - beginning of period
$
—

 
 
$
115

 
$
131

Provisions
13

 
 
32

 
76

Write-offs
—

 
 
(18
)
 
(92
)
Balance - end of period
$
13

 
 
$
129

 
$
115

Unsecuritized interests in reverse mortgages consists of the following:
 
Successor
 
 
Predecessor
 
December 31, 2018
 
 
December 31, 2017
Repurchased HECM loans (exceed 98% MCA)
$
949

 
 
$
1,751

HECM related receivables
300

 
 
311

Funded borrower draws not yet securitized
76

 
 
82

REO-related receivables
16

 
 
25

Purchase discount
(122
)
 
 
(89
)
Total unsecuritized interests
$
1,219

 
 
$
2,080

Reverse mortgage interests, net consists of the following:
 
Successor
 
 
Predecessor
 
December 31, 2018
 
 
December 31, 2017
Participating interests in HECM mortgage-backed securities, net of $58 and $0 premium, respectively
$
5,664

 
 
$
7,107

Other interests securitized, net of $100 and $0 discount, respectively
1,064

 
 
912

Unsecuritized interests, net of $122 and $89 discount, respectively
1,219

 
 
2,080

Reserves
(13
)
 
 
(115
)
Total reverse mortgage interests, net
$
7,934

 
 
$
9,984

The following table sets forth the activities of the purchase premiums and discounts for reverse mortgage interests.
 
Successor
 
For the Period August 1 - December 31, 2018
Purchase premiums and discounts for reverse mortgage interests
Premium for Participating Interests in HMBS
 
Discount for Other Interest Securitized
 
Discount for Unsecuritized Interests
Balance - beginning of period
$
58

 
$
(117
)
 
$
(173
)
Additions
—

 
—

 
—

Utilization of purchase discounts
—

 
—

 
43

Accretion/(Amortization)
—

 
17

 
8

Balance - end of period
$
58

 
$
(100
)
 
$
(122
)

In connection with previous reverse mortgage portfolio acquisitions, the Predecessor recorded a purchase discount within unsecuritized interests. The following table sets forth the activities of the purchase discounts for reverse mortgage interests.
 
Predecessor
Purchase discounts for reverse mortgage interests
For the Period January 1 - July 31, 2018
 
Year ended December 31, 2017
Balance - beginning of period
$
(89
)
 
$
(43
)
Additions
(7
)
 
(75
)
Accretion
14

 
29

Balance - end of period
$
(82
)
 
$
(89
)